Chapter 2111 Take Action

Robin's expression at this time was really wonderful. He looked like he was smiling, but in fact he didn't want to laugh at all, but he couldn't help but laugh.

Therefore, he deliberately grinned widely, but the corners of his mouth drooped uncontrollably.

I couldn't hide the anger in my eyes for a moment, so I could only raise my head sharply.

Therefore, the fund manager sitting opposite him could clearly see his teeth, and it seemed that those teeth were shining.

Matched with the shape of his mouth, it really looks like he is choosing people to devour.

As everyone knows, the most exciting thing about this meeting is that in Robin's heart, the dialect of his hometown that he has not spoken for many years will flow out of his heart like water: You are such a bastard, Naeglen, I will slap you in the pocket. ….

At this time, he had an understanding. If he gave a definition of mother tongue in the encyclopedia, he must add this: when you are the most speechless, when you are the most helpless, when you are the most fearful, when you are the most When you are embarrassed..., the first language you want to say.

But at this time, these words had already flowed to his mouth, and he quickly gritted his teeth and closed his mouth.

When the fund manager opposite saw this scene, he knew very clearly that in Robin's heart, he would really like to bite him.

But so what? He felt that he had given himself a lot of face.

If such a question had been asked at a previous conference and such a situation had occurred, then Robin and the others would have really been unable to get off the stage.

Robin felt really regretful at this moment. Why did he only quote a price of 2 billion? I quoted 20 billion at this time, which can only show that I am very confident in the future of the company, even if it makes people feel a little arrogant, but so what?

The shareholders who were with him were obviously a little excited at this time. After communicating with each other with eyes, they looked at the fund manager who asked the question. They obviously wanted to check with him and have a good talk.

If Google agreed to the 2 billion offer so easily, then this matter can really be discussed.

They can all imagine that based on the situation of today's road show, Robin will definitely be preparing to raise the price again, and everyone already knows this.

The public pricing of this IPO will be above US$23, but definitely below US$30. The total share capital is 32.3 million shares, so the total market value will definitely be around US$800 million.

Therefore, the US$2 billion that Robin just quoted was actually well thought out.

Google is obviously aware of the figure of US$800 million. Even if the premium is 50%, they should consider it to be more than 1.2 billion or less than 1.3 billion. However, 2 billion is 2.5 times of US$800 million. Logically speaking, Google will never Consider an offer like this.

Therefore, they can understand Robin's embarrassment at this time.

Someone is interested in your most beloved thing, and you, the lion, offer a price, with the intention of scaring him away, but who knows that the other person takes it without even saying anything back, so what should you do?

To sell or not to sell?

Robin spoke, "Your joke is really not funny at all."

That's what he said, so he didn't laugh.

He felt that he must be more serious at this time, not only for the fund manager, but also for the shareholders.

That's my attitude.

"Robin, I was really talking to Schmidt just now, why don't you tell him?" The fund manager picked up the phone again.

Robin waved his hand without looking at the phone, "Have you obtained authorization from Google?"

"Schmitt did ask me to ask your opinion," the manager said calmly.

"I don't know that other companies would be so casual about such a big matter, but my company won't act like this," he hurriedly concluded the matter.

"As far as I know, many mergers and acquisitions much larger than US$2 billion were actually finalized in similar small talk,"

To be entrusted by Schmidt like this, this fund manager is obviously not an ordinary person. He still said calmly at this time.

"That was at least a conversation between the decision-makers of the two companies," Robin glanced at him.

What he said was indeed correct.

No one settled such a matter in person or directly on the phone.

Before the person could say anything, he stood up immediately and said, "I'm sorry, I'm very busy now and don't want to waste time for such a joke."

He actually walked out directly.

But among the shareholders, there were still representatives who stayed with smiles...

…………

"He quoted US$2 billion?" When he received Schmidt's call, Feng Yiping was still awake.

Over at Google in the capital, people had just been gathered together and were starting to solve a very pornographic and violent problem. Naturally, he was not in the mood to sleep. He was thinking about whether he should rush back to the capital immediately.

At this time, I was very speechless when I heard the excited call from Schmidt.

Don’t you know that at the Google meeting, Schmidt raised prices of US$4 billion and US$6 billion?

2 billion US dollars, of course he agreed without even thinking about it.

"Yes, it's $2 billion," Schmidt said. "Sorry, I didn't have time to ask for your opinion when I answered him."

"It doesn't matter. If it's US$2 billion, then of course you don't need to ask for my opinion. Not only Page and Brin, I definitely agree,"

From their public information, Wolf Factory's ability to attract money is still good.

The revenue in the first quarter of this year was close to 5.2 million US dollars. Although the absolute value is still not high, it was only 2.08 million US dollars in the same period last year, which means that it has increased by more than doubled and nearly 1.5 times.

Although it is not ruled out that it is for the IPO and may have tried every means to make the relevant performance data look better, in any case, the momentum of doubling revenue is obviously very good.

In other words, although Wolf Factory's revenue last year was only over 10 million US dollars, if nothing unexpected happens, this year's revenue will exceed 20 million US dollars, that is certain.

Then, even if it does not reach 50 million US dollars in 2006, it will be very close, and in 2007, it will certainly be more than 50 million.

Although there is no direct correlation between revenue and market value, generally speaking, from a company's revenue, it can be roughly judged that the company's market value is reasonable within a certain range.

If a company's revenue is 50 million US dollars, then its market value of 2 billion US dollars is obviously within a reasonable range.

That is, although the current purchase of Wolf Factory with $2 billion is indeed a bit high, it is obviously a reasonable deal if we look at it a little longer in one or two years.

Especially considering that the acquisition of Wolf Factory will generate two-way gains for Google's own business, this will undoubtedly be a good deal.

"But Schmidt, you can't take his casual offer seriously. From their equity structure, we can see that, as before, Robin has no intention of selling the company,"

Wolf Factory's prospectus explains their equity structure. Like Google's listing, they also adopted a dual-class equity structure.

The dual-class equity structure, although the stock returns are the same, is different from the company's voting structure in which one share has one vote and shareholders have the same voting rights in the usual unitary equity. The preferred shares in the dual-class equity structure, or original shares (usually B shares), have more voting rights per share than ordinary shares (usually A shares).

Wolf Factory sets that A shares have 1 vote per share, while B shares have 10 votes per share.

And once the original shares are sold, they will be converted from B shares to A shares.

They then designed a "Niu Ka Plan" based on this.

This Niu Ka plan is actually to prevent the company from being acquired by other companies after listing - these other companies generally refer to Google.

This Niu Ka plan has several levels of content, which are actually several levels of checkpoints. The last point is that when the original shares held by the founder are less than 5% of the total share capital, all other shares will be converted into A shares...

In other words, no matter what the circumstances, as long as the founder Robin does not agree to sell the company, then no one can acquire Wolf Factory.

You should know that according to the data disclosed in the prospectus, he alone holds a 22.9% stake.

Schmidt obviously chose to believe in the possibility that was in his favor. "He is the head of a company. How could a public figure like him not take his promise lightly?"

"Schmidt, that was in private," Feng Yiping reminded him. "And, do you remember that when Semel came to the company on behalf of Yahoo to discuss the acquisition, didn't we raise the price several times when they agreed to the current offer? Or, this time, the price increase?"

"Then why can't Robin do this?"

If it was at the previous IPO, in front of 140 fund managers, Robin quoted $2 billion and then immediately received a response from Google, even if it was indirect, then he would really be embarrassed.

As for privately, if he said it was a joke, then it was a joke.

Although, yes, it might affect his reputation if it got out, but so what?

Is there any rich man who doesn't have some negative comments?

"No, he can't..., wait a minute, I'll take a call," Schmidt said. Feng Yiping heard him ask "How is it?" and then a loud "Ah?"

After that, Schmidt was silent for a while, "Feng, you guessed right, he doesn't admit it,"

Then he said bitterly, "I won't give up like this,"

But so what? Can you stop their IPO? Feng Yiping thought.

…………

Robin had a headache and held a meeting with those investors who were ready to move.

He felt that it was really appropriate to describe these guys as ready to move.

The key point is the word "stupid" in front.

"Everyone, it's time now. In two days, we will be able to successfully IPO. That is, we have already taken 99 steps out of 100. Do you really have to call a halt at this time? Don't you want to see how much our market value will be after the IPO is successful, given the market's pursuit of us?"

"Even if we don't consider other reasons, we can also think about it. If we can make 10 dollars from US stocks this year, 2.5 of them have been spent on preparing for the IPO this time."

"For the IPO, we have spent so much manpower, material resources and financial resources. Don't you really want to see the results?"

"Let's think about it from another angle. After the IPO, if Google wants to acquire us, it can still do so. But if our market value at that time is higher than expected, doesn't that mean that we can sell at a higher price?"

If he pushed forward like this, it was not unnoticed.

"So, what if our market value is not ideal after listing?" an investor asked.

"Hasn't Google agreed to a $2 billion offer?" Robin said.

At this time, he brought up Schmidt's offer again.

"That is, if the stock price is not ideal after listing, will you agree?"

"Yes," but only he knew that his seemingly affirmative answer was actually only half of what he said. The other half was, "I will consider it."

Anyway, as long as these guys don't vote to suspend the listing, then according to the Niu Card plan that has been approved by the board of directors, if he doesn't agree to sell after listing, it will be impossible to sell.

"Then we agree,"

Robin breathed a sigh of relief and finally dealt with these difficult guys.

…………

After dealing with the shareholders, the remaining problems are easy to deal with.

On August 2, they held a new round of talks with the underwriters, and then raised the price again to $23-25.

Later, on August 4, the day before the scheduled listing, before the final pricing deadline of 18:00, after more than three hours of discussion between the founders, management team, shareholder representatives, and underwriters, they finally set the IPO issue price at the highest position, $27!

It was at this time that Schmidt accepted a joint interview with several well-known media.

Feng Yiping was completely unaware of this.