My Age of Investment - Chapter 1478 i'm just an investor

   Chapter 1478 I'm just an investor

   After deliberating in his heart, Sun Zhengyi decided to keep the same and respond to all changes.

   "Daren, have you consulted other shareholders? Now that Facebook is listed, all those people have made a lot of money. At the same time, they are also shareholders of Youtube, so they should be interested in increasing their stake in Youtube, right?"

  Xia Jingxing smiled, he had so many hearts and minds, whether to get on the boat or not, just give a happy word and it's over, there's no need for such repeated trials.

  Xia Jingxing felt that he was deeply misunderstood by Lao Sun, and he made it clear that he had an opinion on himself.

   "They're not like you and me, and they don't like to make big bets! Just get involved."

  Masayoshi Son understands that other shareholders are either not strong enough or do not like this crazy game of investing billions of dollars in a single investment.

  Xia Jingxing continued: "If you don't object, you can leave this financing to us to complete.

   We can resolve this matter as soon as possible, so we can move forward with our plan as soon as possible. "

  Masayoshi Son asked calmly: "The post-investment valuation of the last round of financing of the oil pipe was 15 billion US dollars. What is the valuation of this round of financing?"

   "Youtube's CEO, Luo Li, asked an external agency to do an assessment and believed that $25 billion was a more reasonable figure."

  Sun Zhengyi frowned: "It's a bit low!"

   "Actually, it's not too low. After the oil pipeline was split, it has lost $4 to 5 billion in the last few years. In the eyes of many people, it is a negative equity company."

  Masayoshi Sun retorted: "Youtube has its particularity, and the opportunity to make money is still to come."

   "I know that, otherwise I wouldn't have invested in it."

   Xia Jingxing's words were very straightforward and a bit irritating. Sun Zhengyi was angry. He felt that he was being tricked again. Xia Jingxing deliberately led him to say the words to give up investment.

   If Xia Jingxing reported the valuation of the tubing in the morning, he would have to make another investment.

  Although YouTube's revenue and profits are far less than Facebook's, the number of users can be compared with Facebook's, and the valuation will not be too low.

   But the words of rejection have already been said, and Sun Zhengyi has no face to take it back.

   "Before investing in oil pipelines, I have something else I want to discuss with Mr. Sun."

  Xia Jingxing looked at the silent Sun Zhengyi and said, "Facebook may not have enough capital to acquire YouTube next year."

   When Masayoshi Sun heard this, he froze on the spot, and said in a threatening tone: "Daren, I have signed an agreement with YouTube, and the repurchase agreement has been activated after three years of not being acquired."

  Xia Jingxing waved his hand, "Don't worry, I'm not planning to discuss this matter with you right now?

   Facebook’s valuation has risen a lot compared to two years ago, and the launch of the repurchase agreement is a disadvantage for SoftBank. "

Sun Zhengyi was silent for a moment, the repurchase agreement was just something he took out to scare people, but this agreement obviously couldn't scare Xia Jingxing, the other party definitely has the financial resources, the big deal is that Vision Capital spent billions of dollars to acquire the shares in SoftBank's hands. .

   Regarding this point, Sun Zhengyi is very clear, and Xia Jingxing is also very clear.

   If it wasn’t for Fuxing Mobile and WeChat going to Japan, SoftBank would need to take care of him, maybe he would really be hacked.

   However, Lao Sun is a kind person after all, and there is no need for the two sides to see red with bayonets.

   "I mean to extend the term of the repurchase agreement by another one, two or three years...just three years!"

  Xia Jingxing said while observing Sun Zhengyi's face. Fortunately, he didn't drop the cup or flip the table.

   "Darren, did you figure it out two years ago?"

   In the face of Sun Zhengyi's questioning, Xia Jingxing flatly denied: "I am not an immortal, how can I count so many variables.

   But there are indeed some bad changes now. Facebook’s market value is just over 100 billion US dollars. If the performance changes due to the acquisition of YouTube, the stock price may not be able to hold.

   And Facebook’s board certainly wouldn’t support the acquisition.

   There is too much internal and external resistance, and this matter needs to be discussed in the long run! "

  Sun Zhengyi thought about it in his heart and found that what Xia Jingxing said also made some sense.

   However, Xia Jingxing made a "three-year appointment" to trick him into getting into the car, which still made him a little bit worried.

   "Of course, I'm sorry for this, so I decided to compensate you."

   Speaking of this, Xia Jingxing smiled, "I know you still have ideas about YouTube, but you have too many concerns.

Let’s just do this, you will give half of the current round of financing to you. At the same time, you will sign a gambling agreement with the investors of this round. If you can’t be listed in the next three years, you will ask other shareholders of Youtube to take part of the equity compensation. Investors in this round. "

   Hearing that there is compensation for gambling, Sun Zhengyi instantly became interested and asked, "Are you sure there will be no resistance to doing this?"

   "There must be resistance! But you and I together are the largest shareholders, and you can bargain with others, and at the same time put some pressure on them, lest they not support Facebook's acquisition of YouTube in the future."

  Masayoshi Son was a little moved, and said, "Those people are both Facebook shareholders and YouTube shareholders. As long as they agree to the merger, there shouldn't be much resistance, right?"

   "Yes, that's exactly what I saw. As long as they vote in favor, and Facebook's profits reach the level of independently feeding YouTube, then everything is ready and only the wind is due."

  Xia Jingxing lowered his voice and said, "And the oil pipeline has not shown its real value now. If it operates for another three years, there is a high probability that it will be profitable."

  Xia Jingxing did not guarantee that he would make a profit. After all, Sun Zhengyi also has his own judgment ability.

  Sun Zhengyi nodded lightly, "This method is not bad, I have no opinion."

  Xia Jingxing smiled and said, "If you have no opinion, let's take action as soon as possible, lest things change later."

   "Waterfall Investments, Axel and other institutional shareholders should agree to bet?"

  Sun Zhengyi looked at Xia Jingxing, if he did not sign the gambling agreement, he would not be able to get in the car.

   "Don't worry, I'll take care of them over there."

   Seeing Xia Jingxing so confident, Sun Zhengyi suddenly felt a lot more at ease.

   Next, Xia Jingxing and Sun Zhengyi talked about the revival of FX3 and WeChat, and hoped that the other party would help take care of the sales and operations in the Japanese market.

  Sun Zhengyi naturally agreed, because the solution of the oil pipe was quite satisfactory to him.

   Although he knew that Xia Jingxing might have calculated himself, as long as he could make money, who would care so much?

   Xia Jingxing was calculating against him, so why was he not calculating Xia Jingxing?

   And now that Xia Jingxing's wealth status is not under him at all, the advantages of maintaining a good cooperative relationship between the two of them outweigh the disadvantages.

   Sent Sun Zhengyi away, and Xia Jingxing stayed in the office alone and settled the bill.

   This time, in order to fill in the hole dug two years ago and at the same time to appease Sun Zhengyi's emotions, he filled himself in.

   However, Vision Capital’s next investment doesn’t need him to pay for it. Aren’t CIC Group and Blue Blood Aristocrats clamoring for additional investment? Just enough to fill the hole in the oil pipe.

   Always catching Sun Zhengyi's sheep, it's easy to get bald.

   Having said that, investing in oil pipelines is not a sinkhole. At most, the return on investment is lower and the time is longer.

   If he hadn’t intentionally cut investment in the United States and diverted funds to invest in domestic and Singaporean industries, he might have done it himself.

   There is still no way to acquire YouTube in the past three years. It is not that he is fooling Sun Zhengyi, but it is the truth.

Facebook is going to do instant messaging next. It needs to support Twitter and Shengpotian. It also needs to acquire and feed Android. All these things require a lot of money. It develops freely for another two or three years.

  …

  …

   Four days later, June 6th.

  Xia Jingxing once again stood on the Nasdaq bell ringing platform and rang Tesla's listing bell with Straubel, Franz, Rawlinson and other executives.

  The representatives of institutional shareholders such as Draper and Antonio standing behind them applauded.

  Toyota, Daimler, Bezos Ventures, Waterfall Investment and other shareholders also sent representatives to congratulate and participate in the listing ceremony, and everyone had smiles on their faces.

  Compared to Facebook, which has a huge listing, Tesla's listing also has its own uniqueness.

  Under the advertising screen in Times Square, two Tesla Model S show cars were parked for passers-by and reporters squatting there to watch and take pictures.

  Xia Jingxing and Tesla shareholders and executives were all overshadowed by those two cars. After simply taking pictures, they returned to the trading floor to check the stock price trend.

  Tesla’s listing price was $20 per share, and the opening price was $21.5. After that, the stock price rose steadily and went straight to $30.

   Seeing this scene, Straubel shook his fist fiercely, his excitement beyond words.

  Xia Jingxing just smiled slightly, there was not much emotional fluctuation, such a small scene could no longer impress him.

   But this time Tesla’s IPO financing is indeed a great success.

   Issued 15 million shares at a price of $20 per share. If the greenshoe option is successfully exercised, an additional 2.25 million shares will be issued. The total amount of funds raised will reach $345 million, and the total share capital after the issuance will reach 167.25 million shares.

   "Daren, look, the market value has exceeded 4 billion US dollars."

  Straubel pointed at the screen and yelled.

  Xia Jingxing raised his head and glanced, "Yes, one step closer to the $10 billion mark."

  Straubel said with a smile: "How can it be so easy to reach a market value of tens of billions so quickly."

   "This is the goal I set for you, to reach a market value of 10 billion within a year."

   Straubel's eyes widened, but he didn't look like he was joking when he saw Xia Jingxing.

   "Yes, next year, another 20,000 cars will be delivered, and the market value will definitely exceed 10 billion US dollars."

  The two turned their heads and saw that Draper was walking towards them with a smile on his face.

  Xia Jingxing smiled and said, "Mr. Draper, you have confidence in Tesla."

  Draper smiled and said nothing. He did not have confidence in Tesla, but in Xia Jingxing.

  After the IPO financing dilution, Defengjie is still Tesla's largest shareholder except for the two investment institutions under Xia Jingxing, with a shareholding ratio of up to 10.31%.

   Originally, De Fengjie's shareholding ratio was not so high. Draper bought it from Eberhard and Tarpenning at a great price.

   If you count the tens of millions of dollars that Defengjie originally invested in Tesla, the total investment cost is almost 100 million US dollars.

   According to Tesla's current stock price and market value, Defengjie's investment has only made three or four times, and the absolute value of the return is not high, only two or three billion US dollars.

   Compared with Axel, who invested in Facebook, Defengjie’s investment in Tesla is simply not available.

   In fact, Draper did have some sleepless nights a few days ago, tossing and turning in bed thinking about what he missed with Facebook a few years ago.

   Now he can only pin his hopes on Xia Jingxing, hoping that he will lead Facebook to create greater glories.

  The market value of 100 billion can’t be expected, but the market value of 10 billion can still be expected.

   "Daren, you have a good eye. For so many years, you have been making additional investments in Tesla.

   Now Tesla is finally listed. Although the market value is not too high, it is at least a good start. "

  Draper looked at Xia Jingxing with a smile. In Tesla, Xia Jingxing's superhuman investment vision was once again confirmed.

At present, Tesla's largest institutional shareholder is Envision Capital, with a shareholding ratio of 34.13%, and the second largest institutional shareholder is Daxia Capital, holding 13.48%, and the two hold a total of 47.61%, based on Tesla's current share price. , the two institutions have a stock market value of almost 2 billion US dollars.

   And how much has Jingxing invested in Tesla these summers? The whole thing adds up to more than $100 million.

  Although this investment was completely inconspicuous in Xia Jingxing's investment career, it was the biggest profiter in Tesla's interior.

  Whether it was the two small venture capitals SDL and Compass that invested in Tesla at the same time as Xia Jingxing, or the value equity capital that invested in Tesla in the later round, there was no unswerving pressure for various reasons.

  Draper also only started to wake up two years ago, realizing that he seemed to have missed something, and immediately made a crazy remedy.

   Facing Draper's compliment, Xia Jingxing smiled lightly, "That's right, a good start, Tesla still has a long way to go before it truly matures.

   A full-fledged car company that is at least profitable and has annual car deliveries in the hundreds of thousands, millions. "

  Draper nodded secretly, he also saw this, so he made up his mind not to get off the car easily, he couldn't miss the Tesla car anyway.

   After finishing all the listing ceremonies, Xia Jingxing and the others walked out of the building and prepared to leave Times Square.

   As soon as he left the building, he was surrounded by reporters coming from all sides.

   "Daren, how does it feel to ring the bell twice in a week?"

   "Darren, what do you think about someone saying you made at least $2 billion on Tesla to fill up your Facebook regrets?"

   "Some financial experts commented that Tesla's market value has a lot of bubbles, and also advised investors to stay away from Tesla. Do you have any response?"

  …

  Xia Jingxing did not answer the reporter's question, but pushed out Straubel who was standing beside him.

   "I would like to introduce to everyone solemnly that this is Mr. Straubel, who is the CEO of Tesla and is in charge of all the daily affairs of the company. If you have any questions, everyone will come to him.

   And I am just an investor! "

After    pushed Straubel out as a shield, Xia Jingxing immediately asked the bodyguards to separate a passage and left the scene by car.

   In addition to having something to deal with in a hurry, there is also the meaning of cultivating Straubel.

   Now Tesla has become more and more dazzling, and the problems have begun to increase, so it is time for him to return to his original identity.

   He believed that Straubel would definitely be a good CEO.

   (end of this chapter)