Chapter 909 Investment Results

In December, all acquisition tasks have entered a critical period, in order to complete the acquisition within the established time, each acquisition team has accelerated the speed of work, so the work atmosphere of Polaris Capital has been affected, and the efficiency of various work has been improved to a certain extent.

On December 3, Xia Yu was very pleased with an investment result.

Silicon Valley relational software company, the predecessor of Oracle, has once again closed its funding.

This time, Polaris Capital took all 15 percent of the equity released by the founding team.

Not only that, but while ensuring that the original 10% equity is not diluted, Polaris Capital also acquired the shares of the original two shareholders.

Polaris Capital now owns 33 percent of the relational software company.

In the high-tech sector, in addition to relational software companies, Polaris Capital now owns IBM, EMC, AMD and Intel.

Originally, Polaris Capital held 3.01 percent of IBM's shares, and even that small cost $1.10 billion and nine million dollars.

Later, after receiving Xia Yu's instructions, Peter Lynch spent another $748 million to acquire 2% of the shares, increasing the shareholding ratio to 5.01%, becoming the fifth largest shareholder.

The reason why he spent a huge amount of money to increase his holdings was, on the one hand, that Xia Yu had no place to spend money, on the second hand, it was to expand the influence of Polaris Capital with the help of IBM, and the third was naturally because Xia Yu knew that IBM's personal computer would be released next year, and the stock price would rise at that time, and he would make a wave of money.

As for EMC Company, Polaris Capital invested one million dollars in the angel round and obtained 40% of the equity.

But after such a long time, with the rapid expansion of EMC, a million dollars have long been consumed.

In the A round of financing, Polaris Capital led the investment again, and while ensuring that the original equity was not diluted, it took 8% of the equity released by the founding team, increasing its shareholding to 48%.

As for the equity of AMD and Intel, Xia Yu previously entrusted Tiger Fund to acquire a part of it, and then after Polaris Capital set up a branch on Wall Street, Polaris Capital personally came forward to acquire the shares.

Among them, it acquired 18.2% of the equity of Intel Corporation, at a cost of $377 million.

AMD is much smaller than Intel, and Polaris Capital spent only $100.3 million to acquire 21.6 percent of the equity from the secondary market and major institutions.

In addition to these companies in Xia Yu's heart in the high-tech field, Polaris Capital has also invested in many companies, but they are still in the angel round and A round stage, and most of the investments have increased in value, but Xia Yu does not pay attention to it after simply understanding it.

Among other investment areas, there is one investment that makes Xia Yu both happy and regretful, and that is the increase in equity holdings of Wal-Mart.

Although Wal-Mart went public in 1972, the Walton family had too much control over Wal-Mart.

Even in later generations, the Walton family held more than 65 percent of Wal-Mart.

And now it's even more, with the Walton family holding a combined 69 percent stake, only giving out 25 percent when it went public in 1972, and then cashing out only 6 percent.

In the absence of a direct acquisition of equity from the Walton family, Polaris Capital had no choice but to go all-in on buying shares from retail and institutional investors.

Fortunately, Wal-Mart has not yet exploded, and in the eight years since its listing in 1972, the stock price has only doubled, and the market is only more than $300 million.

In addition, Wal-Mart's stock price often fluctuates sharply, and it is a risky stock in the ratings of major Wall Street institutions.

So when Polaris Capital paid a slight premium, it quickly acquired a lot of shares.

So far, Polaris Capital has acquired a total of 28.2 percent of Walmart's shares, at a total cost of more than $110 million.

It can be said that the acquisition team of Polaris Capital has done everything in its power to acquire more than nine layers of shares in the market except for the Walton family.

Of course, the acquisition process should have been lengthy, mainly to reduce costs and not to arouse the wariness of the Walton family.

In order to make money safely in the future, and in order not to make people angry in the future, under Xia Yu's instructions, these shares have been disposed of many times, and on the surface, Polaris Capital Company only holds 8.5% of the shares, obtained a board seat of Wal-Mart, and sent personnel to enter the board of directors and board of supervisors of Wal-Mart.

As for the remaining 19.7% of the shares, all of them are distributed under the offshore registered company of Polaris Capital Company.

After a few days of being busy in the company, Xia Yu found a time to meet Ronald Reagan and helped Rodes Saxon.

Ronald Reagan gave Xia Yu an affirmative answer, and Rhodes Saxon would be at least one of the more than 20 presidential aides, and would carefully consider his position.

On December 12, Apple officially went public.

With Wall Street's giants watching, Polaris Capital has not been able to squeeze into the ranks of Apple's underwriters after all.

Since he couldn't get it, Xia Yu simply asked the company to temporarily give up its investment in Apple.

But giving up doesn't mean that Xia Yu doesn't pay attention.

On this day, Apple issued 4.6 million shares at an issue price of $22 per share, and at the close of trading on the first day, the stock price was fixed at $29 per share, a sharp increase of 31.8 percent, and Apple's market value remained at $1.778 billion.

On this day, Apple's top management produced four billionaires and forty-three millionaires.

Three more days passed in the busyness, that is, on December 15th.

The state Electoral College went to the state capitals to vote in the presidential election, and the results were exactly the same as those calculated on November 4, and no one was stupid enough to offend the incoming president in such a situation.

Once the votes are confirmed, it means that Ronald Reagan's appointment is a foregone conclusion, and no one can reverse it.

Seeing that the presidential inauguration ceremony on January 20 was just over a month away, Ronald Reagan began to divide the cake in the real sense, on the one hand, to determine the personnel arrangements in the White House, and on the other hand, to find the Republican leader Benjamin Carr, and began to discuss the selection of candidates for various cabinet departments.

For the next month or so, Ronald Reagan is destined to be busy.

Fortunately, Xia Yu has supported Rhodes Saxon a few days in advance, and it is not a big problem.

It was also on this day, after two months and twenty days, Peter Lynch finally brought the fruitful results to Xia Yu.

PS: Over-the-top, by the way, fill in a lot of holes before, there is a specific concept, there is an update today, by the way, ask for a ticket, thank you