The international trust and investment company can go through the back door and reach a deal with Yuwenfei privately, but other investment banks are not so lucky, and can only quote according to the highest price they can accept, otherwise they may not be able to enter the second round of financing fairs.

Citibank, gritting its teeth, filled in the acceptable valuation of "6.5 billion US dollars"! They are not only here for the shares of Facebook, but don't forget, they are also tied to the qualifications of the underwriters of the Facebook online listing.

Similarly, HSBC is not to be outdone, and the number on the quotation list is not small, 6.2 billion US dollars!

Deutsche Bank was more cautious, quoting a valuation of $5.8 billion.

As for the rest of the investment banks, some are not qualified for IPO underwriting, and some are not too optimistic, and the quotations are lower than those of these banks.

Three days later, Facebook announced that Citibank and HSBC had been shortlisted for the second round of negotiations, and that the rest of the investment banks were all out.

This time, the negotiation is much more serious, because this time it will be directly decided who will spend Facebook's financing quota and listing underwriter qualifications!

Citibank led the team with Bourne, and the people in the row next to him were his assistants, legal counsel, senior investment managers, etc.

Across the long conference table, sitting opposite was a representative of HSBC, and to Yu Wenfei's surprise, he met his old acquaintance!

As soon as the HSBC representatives came in, Yu Wenfei was stunned when he pointed to a man in his early thirties and asked, "That...... You are not a ...... of Hang Seng Bank"

He couldn't remember what this person's surname was for a while, but when he was still a high school student, when he went to Xiangjiang to buy the shop, he applied for a loan at Hang Seng Bank, and it was this gentleman who received him.

Buying a shop king, applying for a bank loan, and registering a Xiangjiang company is the beginning of Yuwenfei's legend.

If he had been stuck at the level of taking out a loan directly in the bank, it is estimated that he would not have such a big career as he has now, so Yu Wenfei still has an impression of this person.

He really didn't recognize the wrong person, and when he saw Yu Wenfei recognizing himself, the representative of HSBC had a smile on his face, and hurriedly took two steps forward, stretched out his hands, and said respectfully: "It's good to fly, I used to work in Hang Seng Bank, and now I have been transferred to HSBC, my surname is Luo, you can call me Xiao Luo." ”

Yu Wenfei naturally wouldn't call him Xiao Luo, this person was obviously a round older than himself, he said with a smile: "Manager Luo! ”

When the HSBC representative saw this scene, he was secretly proud.

He also accidentally learned that Xiao Luo and Yu Wenfei had such a relationship, so he deliberately brought Xiao Luo over to participate in the negotiation this time, although he didn't expect to rely on Xiao Luo's face to win this list directly, but it can also add a little impression points.

............

The second round of negotiations officially began, and Yu Wenfei still asked Cai Congxin to preside over it, and he sat on the side and looked at everyone with a smile.

"Alright, I'll announce one thing first. Mr. Yu Wenfei, the major shareholder of Facebook, has reached an agreement with Modu International Trust and Investment Company in his private name to transfer 19 million shares of Facebook, so there is not much left for everyone. Facebook will also issue 10 million additional shares in this financing, accounting for about 9.9% of Facebook's financing. This share proportion will also be the third largest shareholder of Facebook, second only to Mr. Yu Wenfei and Modu International Trust and Investment Company. ”

Cai Congxin announced loudly.

The representatives of Citibank and HSBC did not express anything on the surface, but they were envious and jealous in their hearts.

I still have to negotiate hard, desperately grab the 10 million additional shares, and the Modu International Trust easily took 19 million shares!

This man can really anger people more than people.

When the negotiation gets to the point, there is no very complicated process, it is nothing more than an opportunity for the shortlisted investment banks on both sides to ask more sensitive and in-depth topics and understand what they want to know.

After all, for the first time, there are some things on Facebook, especially when it comes to trade secrets, that naturally can't be said to everyone.

But this time, it will be appropriate to reveal something.

Citi took the lead in asking: "May I ask Mr. Cai, when does Facebook expect to turn a profit?"

Cai Congxin smiled slightly and replied confidently: "Facebook's hardware investment has come to an end, and the next expenditure is nothing more than software and manpower expenditure. As soon as next year, and at the latest the year after, Facebook will be able to come up with a beautiful annual report!"

HSBC also raised a question, "May I ask Mr. Cai, can Facebook always maintain its leading position as a social platform? For competitors, such as Sina Blog, Sohu Blog and even QQ, is there a long-term competition plan within Facebook?"

Cai Congxin's face was a little more serious, and he replied cautiously: "We respect and value every competitor, but at the same time, Facebook also has absolute self-confidence. It is no exaggeration to say that Facebook is the first, the best, and the largest social platform. Since the first day of launch, whether it is in terms of function or content, it has always been our Facebook network that is leading the trend, and it has been imitated and never surpassed!"

There was applause in the conference room, and no matter which investor wants to see the company he is going to invest in, he can be so domineering and confident.

Wait until there is no problem on both sides, start the final bidding process, the process is very simple, 10 million additional shares, direct on-site quotation, the highest price wins.

As mentioned earlier, Yu Wenfei's goal is to introduce Wall Street capital, that is, Citibank, isn't he afraid of being cut off by HSBC?

Obviously, he knew it in his heart.

In this auction, HSBC will definitely not be able to grab Citi, because HSBC's base camp is in Europe, and Citi is in the United States.

Facebook is going to be listed on the American Nasdaq, which happens to be Citi's home base, and HSBC is not as good as Citi in terms of operation and customer resources.

So, on the same basis, Citi is confident that it will quote a higher price because they are confident that they will help Facebook lift the stock price up.

Moreover, the capital of Lao Mei sees farther and more confidence in Internet companies than people in other countries, so they are willing to spend a lot of money.

Of course, Sonoshi of SoftBank Capital is an exception, although he is not Lao Mei, he is more generous than Lao Mei. But if you really want to get to the bottom of it, Masayoshi Son also returned from studying in the United States.

Sure enough, after HSBC had just quoted a price of $650 million for this 10 million additional shares, Citibank's Bourne immediately spit out a figure with an expressionless face, "750 million"!

Final word!

HSBC was dumbfounded, because the number exceeded their expectations so much!

The valuation of Facebook itself, HSBC has given a valuation of 6 billion US dollars, plus the qualification of the listed underwriter of "bundled sales", and it can be increased by up to 50 million, so before coming, the upper limit of the quotation prepared by HSBC is these.

Corresponding to the 10 million additional shares given by Facebook, it can be quoted at most 650 million.

And Citibank is directly higher than 100 million, how can this be played!

The HSBC representative shook his head, sighed, and simply conceded defeat, he stood up, smiled and said to Bourne, "Congratulations! But I'm a little curious, are you really so optimistic about Facebook?"

Bourne also responded with a smile: "Of course!"

In his heart, Byrne looks down on HSBC people a little, the British are really down, and they are so picky and searching.

............

When the dust fell, Facebook raised a new round of financing, and Yu Wenfei personally transferred 19 million shares in exchange for 30% of the shares of Shanghai Pudong Development Bank, and successfully became the second shareholder of Shanghai Pudong Development Bank.

The company issued an additional 10 million shares, introduced Citibank, a new shareholder, and received $750 million in cash, preparing for the launch of Facebook Video and Facebook Music.

Now, Facebook's share structure has changed again, and the company's total share capital is 110 million shares.

Yuwenfei is still the largest shareholder, holding 60 million shares.

Modu International Trust & Investment Company is the second largest shareholder, holding 19 million shares.

Citibank became the third largest shareholder, with 10 million shares.

SoftBank Capital retreated to fourth place with nine million shares.

Cai Congxin and Jiaotong University Venture Capital tied for fifth place, with one million shares each.

In addition, the employee policy of 1,000 shares is also set aside, waiting for the company to go public, and then allocated to the company's key employees, so that the company's employees can also enjoy the fruits of the company's development.

............

After the news was announced, it shook everyone again.

Those who know the details naturally understand why Citibank paid so much money to grab 10 million shares, but in the eyes of most uninformed people, this means that the valuation of Facebook has reached 8 billion US dollars!

This valuation is more than twice that of Sina, which has the highest market value in China, which is a bit outrageous!

"How rich is Yu Wenfei?"

This issue quickly became popular on the Internet and became a topic of conversation among every netizen.

"Mr. Fei has 60 million shares on Facebook, and 10 million shares are worth $750 million, so Mr. Fei's worth is very good, $4.5 billion, that is, more than $38 billion...... Oh my God, I did the math and realized how amazing that number is. ”

"Impossible, last year, the richest man in the country had a net worth of 6 billion yuan? Yu Wenfei set up such a website, and he could be worth tens of billions? This is a bit too exaggerated. ”

"I don't feel right either, although Facebook is very powerful, but no matter how you look at it, I don't think it's worth so much money. ”

"This year's richest man should be Mr. Chen, it is said that he is worth more than 10 billion, can Yuwenfei top this year's Forbes China Rich List?"

Whether Yuwenfei can reach the top of the Forbes China Rich List in 2003 has also been interpreted by many experts on the Internet.