I’m in Hollywood Chapter 995: Sudden temptation
Remember [lnmao.org] in one second, fast update, no pop-up window, free to read!
"Of course not, you are simply defamation. According to the routine of the Hong Kong Island movie, I want to sue you," Eric made a joke, and changed the topic, saying: "You are here, this year ’s Victoria’s Secret Fashion Show should be Have you started preparations yet? "
"Well, we have started to choose the theme," Emily has not been entangled with the matter just now, saying: "We just opened the Victoria’s Secret store to Europe in the first half of this year. This year ’s big show is going to be on London."
Eric has seldom paid attention to the specific operation of Victoria’s Secret Fashion Show. He heard that he just hugged Gisele to himself and said, "Remember to give Gisele an opening."
Emily nodded and said: "Of course, there are wings, and this year, except for Cindy, only Gisele can get the theme to open."
Although Emily has a good relationship with Joanna and Virginia, it also takes Joanna's sister Aiwa as an assistant. However, for the Eric fancy act, Emily has also become accustomed to. Out of some women's worries about women, she did not have any prejudice to Cindy, Gisele and others because of the relationship with the two women Joanna, but would habitually tease Eric.
This year will be the fifth year of Victoria’s Secret Fashion Show. The endorsement contract signed by the five people Cindy · Crawford, Linda · Evangelista, Christine · Turlington, Diane · Kruger and Tyra · Banks and Victoria’s Secret was five years.
After this year, both Cindy and Linda will withdraw from the ranks of Victoria’s Secret spokespersons and concentrate on the TV programs in their hands. Christine · Turlington is married and will also choose to quit as a housewife. In the original five-member group, only Diane · Kruger and Tyra · Banks remained.
Gisele only participated in Victoria’s Secret Catwalk this year, and will formally sign an endorsement contract with Victoria’s Secret next year.
I ’m chatting. Tonight, the host of party, John · Mark, came over again and greeted me. John · Mark said to Eric: "Eric, can I talk alone?"
Eric was a little puzzled, but did not refuse, said: "Of course."
John · Mark made a please gesture. The two passed through the crowd in the hall and walked along the spiral staircase of the duplex apartment to a reception room on the second floor.
Instructed Eric to sit down on the sofa casually, John · Mark walked to the wine cabinet by the wall, took a bottle of wine from the cabinet and poured two glasses, and then took two ice cubes from the small freezer and put it in. Walked over the glass and handed a cup of Eric, said: "Try JohnnInternet Explorer-Walker from my collection. Although the whiskey is not the longer the year, the better the taste, but this bottle of JohnnInternet Explorer-Walker for 50 years, there are few bottles in the world Now. "
Eric just picked up the glass and delivered it to his mouth. He smelled a strong wine, and also took some peat smell unique to Scotch whisky. He took a small sip and nodded, "Great, but , I do n’t know much about it. "
John · Mark sits on the single sofa opposite Eric, with a gentle smile on his face, saying: "It seems that you don't drink often, but this is actually a good habit."
"I just prefer to stay awake," Eric said, gently shaking the glass in his hand, looking at John · Mark, waiting for the other party to actively propose his intention.
John · Mark sipped the whiskey in a few sips before saying: "Eric, have you thought about speeding up the IPO process of Yahoo?"
"This kind of thing is usually responsible for Chris."
Eric responded quietly, and at the same time thought about John · Mark's intention to suddenly mention this matter. Chris did not mention this matter with him. I think it should be a sudden attack of John · Mark. Compared with the more professional Chris, the other party may think that it is an easier breakthrough point.
Think of what Chris said just now, the former Morgan executives failed in the power struggle of the new company after the merger of Morgan Stanley and Dean Witt. Perhaps, John · Mark and others want to use YahooIPO as soon as possible Recover the decline in the company's power struggle.
Yahoo ’s IPO strategy has been adjusted. Initially, Eric hopes that Yahoo will maintain a high level of the Nasdaq index at the end of this year or early next year, and issue a stock equivalent to about 30% of the total equity In this way, you can get enough development funds to support Yahoo in the next five to ten years.
However, with the deepening of understanding of corporate IPO related information, Eric also realized that this is not realistic at all.
The valuation of Yahoo at the beginning of this year has reached 15billion USD. According to the average increase of technology stocks in the past six months, the valuation of Yahoo should increase to about 25billion USD. It may be close to 50billion USD.
Therefore, Yahoo will issue 30% of the shares at a time, and the theoretical financing scale will reach 15billion USD. This number has broken through the record of the scale of all corporate IPOs in the history of US stocks before 1998. Prior to this, the largest IPO target of the United States stock market, Deutsche Telekom, only raised 13billion USD when it was listed in 1996.
Deutsche Telekom ’s position in Germany is comparable to that of United States ’s AT-T. Neither the scale of net assets nor the annual turnover is comparable to the current Yahoo. Eric is absolutely confident in the future of Yahoo, but it does not mean that everyone is so. The capital bubble caused by the wave of new technology has been paid more and more attention by people.
Although the performance growth of Yahoo in recent years is very rapid, last year ’s revenue was only more than 600 million USD. Even if this year ’s annual turnover can exceed 1billion USD, it is actually not enough to support the market value of 50billion USD.
It is a well-known fact that the Nasdaq index is high. If the appetite displayed by Yahoo during the IPO process is too large, coupled with investors ’fear of the bursting of the stock market bubble, it will only eventually cause the failure of YahooIPO.
Therefore, for this Yahoo IPO, Eric only intends to issue about 10% to 15% of the stock. He does not have too high expectations for the valuation of Yahoo. According to the issue price at that time, as long as the valuation of Yahoo More than 30billion USD will do.
Of course, even so, Yahoo can still raise funds from 3billion to 5billion USD at one time, which is enough to support Yahoo's expansion in the next three to five years and successfully survive the "winter period" of the development of Internet companies after the burst of the stock market bubble.
The financing scale from 3billion to 5billion USD, even if it cannot be compared with Deutsche Telekom two years ago, is definitely a very generous IPO in recent years. Once successful, Morgan Stanley, which is responsible for underwriting and issuing, can not only get generous commissions, It can further enhance its influence in Wall Street and attract more companies that are expected to go public in recent years to cooperate with it.
The original Morgan team that operated the YahooIPO listing will naturally be able to gain more say in the new company.
I heard Eric mentioned Chris, John · Mark said: "Eric, you are the owner of Firefly investment, so I think this matter is more suitable for you to discuss with you first."
Some instigations hidden in the John · Mark discourse made Eric a little unhappy, but he just smiled and said: "I always like to give professional things to professional people to do, this is also the size of Firefly can develop to the present Reason. "
John · Mark deliberately mentioned that Eric is the ‘owner’ of the Firefly investment, that is, he wants to provoke his desire to control and therefore make a decision that suits his intentions.
Seeing that this trick is useless for Eric, John · Mark immediately changed its mind and said: "Eric, now many investment institutions in Wall Street think that the Nasdaq already has a very serious foam component. Take AOL for example. When the company went public in 1995, the valuation was 5billion USD, but so far, in just two and a half years, its market value has exceeded 40billion USD, an increase of 800%. There is also Microsoft, compared with 1995, the market value of Microsoft has also doubled More than six times. Other technology companies such as Cisco, Oracle, Intel, etc., the stock price has also reached an exaggerated level. Therefore, in recent months, it should be the last and best time for Yahoo listing. Our preparations The work has been very full, as long as it is started, the IPO plan can be successfully completed before September. If you wait until the end of the plan or early next year, even if the Nasdaq bubble has not burst, major investment institutions will be very cautious about buying technology stocks. This is very detrimental to Yahoo's IPO. "
The passage of John · Mark is undoubtedly very convincing. If it is not for Eric that it has an understanding of the Nasdaq index that exceeds ordinary people, he is likely to agree with each other out of caution. View.
However, patiently listening to John · Mark, Eric just shook his head and smiled: "John, I understand your thoughts, but I also have my own plan. The current valuation of Yahoo has not reached my heart Ideally, the plan to go public at the end of the year will not change. Moreover, although I really hope that Yahoo can successfully implement the IPO, in fact, I am not afraid that Yahoo's IPO will fail. Even if Yahoo cannot be successfully listed, the Firefly system will also Can provide sufficient development funds for this company. "
John · Mark thought, he did n’t know what Eric said, "I understand your thoughts", whether he wanted to win the initiative in the company with YahooIPO, or whether it was YahooIPO on the surface Worry.
However, John · Mark did not show any abnormality on his face at all, saying: "Eric, then, the 30% equity subscription rights of Microsoft, once YahooIPO fails, under the non-listed state, conduct equity transactions with Microsoft , Yahoo will suffer a lot. Just like now, the market value of Microsoft is almost ten times the valuation of Yahoo. Microsoft can only exchange 3% of the stock for Yahoo30% of the shares. I think you are definitely not willing to see this. It happens. I think that if Yahoo is listed, the market value can at least reach the level of AOL. "
Eric expression is still relaxed, saying: "John, Microsoft can exercise the right to subscribe for shares in July next year. As you mean, if the Nasdaq bubble bursts at the end of the year, Yahoo cannot be successfully IPO, but also, Microsoft will be there It is absolutely impossible to maintain the current high stock price. And even if Microsoft and Yahoo are trading now, although I will feel very depressed, but sell the 3% stock paid by Microsoft, Yahoo can still get the funds of June 7 1 billion USD, and at the same time, Firefly investment still retains absolute control over Yahoo. "
Eric's initial idea when reaching a deal with Damen students was that when both parties fulfilled the equity subscription agreement, even if the market value of Microsoft can reach the peak of 600billion USD, if Yahoo is successfully listed, the market value should be close to 200billion.
At that time, the value of 30% of Yahoo ’s equity will reach 60billion USD, and Microsoft will never be able to get out of this huge amount of cash. If the other party still wants the 30% equity of Yahoo, it can only be acquired by way of share swap, but for the share swap, Microsoft also needs to pay about 10% of the equity, so that Firefly investment may directly become a major player in Microsoft Shareholders. In this case, Microsoft is likely to automatically give up this subscription right.
However, if the situation described in John · Mark really happens, as long as the Microsoft stock can be sold in time, Firefly investment will not lose anything. The only regret is that it cannot become a major shareholder of Microsoft.
Because of frequent contact with Chris · Hansson, John · Mark also knows that he has a very clear idea about YahooIPO, and it is very difficult to make the other party change the decision, so I hope to find a breakthrough point from Eric tonight.
However, seeing Eric's attitude is more firm, John · Mark also quickly gave up his thoughts.
He invited Eric tonight because he had the idea of having a good relationship with the other party, and naturally he would not freeze the scene.
Don't give up the idea of lobbying Eric, John · Mark changed the topic voluntarily. The two chatted for a while and then left the reception room together.
Eric did not return to the downstairs hall with John · Mark. Under the guidance of the other party, he went to the bathroom at the end of the corridor. Once again, I saw the staircase leading to the rooftop of the apartment building next to it. After thinking about it, Eric walked up, intending to breathe the wind and getting along with smart people like John · Mark. It was still very troublesome.
Pushing open the false iron gate of the rooftop, Eric just came out and saw a slim figure standing next to the fence at the northwest corner of the rooftop, as if looking at the gloomy Central Park in the west night.
When I heard a voice behind me, the figure turned around, but it was Stephanie · Seymour.
The expression of Stephanie · Seymour is obviously a bit unexpected, with a bit of ridicule in his tone, saying: "Eric, would n’t you have come here specifically?"
Although the interrogative sentence is used, from the slightly smiling smile on the woman's face, the other party seems to have settled this fact.
“I said it ’s not that you certainly do n’t believe it,” Eric shrugged indifferently, walked to the side of Stephanie · Seymour, lay on the fence and looked at the light train flow on Fifth Avenue, not far away, and beyond Some Central Park said, "What are you looking at?"
Stephanie · Seymour shook his head and put his hands on the fence, saying: "It's nothing, just breathe the wind, it's too boring below."