Chapter 796: Business Matters
Before July, Ronan made another trip to San Francisco, where Netflix passed a series of audits and reached a final agreement with Nasdaq to go public in mid-to-late July.
At the moment, Robert Iger and Mark Randolph are concentrating on this aspect.
It is expected that the price of a single share will not fall below $120.
Ronan also raised the bottom line of financing to no less than $5 billion according to the actual situation.
In order to cooperate with the listing and soar the stock price, Netflix will have a series of plans including the launch of new streaming media dramas.
The day after Ronan arrived in Los Angeles, Tom Cruise also rushed over, and the two sides will work closely together next month and need to communicate directly.
"How likely is it that there will be an accident in the listing?"
In the office, Ronan asked Robert Iger, "It's about a series of plans for our future." ”
Robert Iger said: "Our roadshow was very successful, and Netflix is unanimously favored by the outside world, and a number of investment institutions have already expressed their investment intentions. Among them are pension funds, life insurance funds, property insurance funds, mutual funds, trust funds, hedge funds, commercial bank trust departments, investment banks, university foundations, and some securities investment departments of large companies and individual investors, with their support, even if someone wants to secretly suppress Netflix, we are enough to survive. ”
Ronan nodded slightly, cooperating with Goldman Sachs, although it would cost a lot of money, it would make the listing much smoother.
Robert Iger continues: "These institutions and companies, with the securities market as their main area of activity, operate in a relatively regulated manner and are familiar with the securities market. They often participate in new share issuances and have an accurate judgment on the investment value of different issuing companies. Due to the relatively high quality of institutional investors, it is relatively reliable to use the quotations of these institutional investors as the main basis for pricing. ”
"Our valuation is high enough," Ronan said. ”
"Yes. Robert Iger said with a smile: "Investors are recognized and optimistic about the development prospects of Netflix, believing that this is a sunrise industry, so they have successfully accepted the valuation of Netflix in the market research stage." ”
Ronan said suddenly: "The valuation of no less than $40 billion is somewhat beyond my expectations." ”
Robert Iger rarely disagreed: "My opinion is the opposite, this is a true reflection of Netflix's value, and I even think Netflix's valuation is a little undervalued." ”
As one of the direct leaders who operated Netflix's IPO from beginning to end, he is particularly confident: "When Google went public, the business was relatively simple, and the market value was still climbing. On the other hand, Netflix has at least three star businesses, which are combined with a valuation of $40 billion, which is not much. ”
Ronan said slowly: "We are about to officially join the capital game. ”
Robert Iger continued: "Only by joining the capital game can we make a bigger capital operation in the future. ”
Ronan understood the meaning of this and said, "Soon after you entered Relativity Entertainment, we started planning, and how much we can gain depends on the second half of this year." ”
Robert Iger said: "I understand. He reminded: "Disney's shareholder meeting will take place at the end of this year, and Michael Eisner and Roy Disney are most likely to put the showdown at the shareholder meeting, and they are both preparing." ”
Ronan smiled, "Disney better mess around." ”
The chaotic Walt Disney, or the more chaotic the six major companies, the more in line with the interests of Relativity Entertainment.
After Robert Iger left, Tom Cruise came looking for him.
"How's the talk?" Ronan asked.
Tom Cruise said: "Overall it went well, and Netflix and I both have the same philanthropic goals. ”
Ronan reminded: "This charitable foundation, do a good job of fund management. Tom, we don't want it to do anything, the only purpose is to make charitable investments for ALS. ”
"Don't worry. Tom Cruise was clear: "I got the foundation to hire PricewaterhouseCoopers as a third-party accounting supervisor. ”
He shifted the subject to Netflix: "I've raised $45 million and plan to invest it all in Netflix stock. ”
Ronan smiled and said, "I won't let you lose money." ”
Tom Cruise laughed: "I hope your Netflix will become a company with a market value of 100 billion yuan as soon as possible." ”
"I want to, too. Ronan spread his hands: "But this kind of thing, it's not something I can count if I say it." ”
Too many Internet companies have ever reached this height.
Just after the turn of the millennium, Yahoo's market value rushed to $128 billion, becoming the world's first Internet company with a market value of more than 100 billion.
Then came the famous NASDAQ stock crash, which hit the entire Internet industry hard.
But the companies that survived the crash, including Yahoo and Amazon, have all been growing rapidly.
Although there are many conservative investors who still sing the praises of the Internet industry, no one can stop the rapid development of this industry.
The Internet may not represent the future, but it is a very important industry in the future.
Ronan has always been very aware of this, and also knows that if the Internet industry wants to become bigger, it urgently needs funds and a more extensive promotion platform, so he chose the path of listing.
Out of trust in Ronan, not only Tom Cruise, but Will Smith has raised $30 million and is ready to wait for Netflix to go public next month.
The two of them have rapidly achieved asset appreciation in investing in Manchester United, and their confidence in Ronan is stronger than Ronan himself.
Mansour had been in contact with Ronan on the back of the season, halfway through the season-break period, and he wanted to know what Ronan was thinking about.
It is indeed beneficial to sell Manchester United now, but Ronan believes that Manchester United will continue to appreciate in the future if they remain in their hands.
Ronan asked Tom Cruise and Will Smith for their opinions, and the two were completely dominated by him.
Although there is no clear answer to Mansour for the time being, Ronan's tendencies have been relatively clear.
Ronan made a special call to Ferguson, saying that he had heard relevant rumors, and it was said that Ferguson was preparing to retire, and asked him whether it was true or not.
Ferguson's importance to United cannot be overstated.
Its role is far more than just coaching the team, Ferguson is even quite a deterrent to the referee and the FA.
These are all built up step by step through more than 20 years, and it is not something that can be achieved immediately by inviting a famous teacher to come over.
There was once a coach who started the first season of the Premier League with N consecutive wins, and then said that the Premier League is nothing more than that, and many protective invisible penalties because of beautiful football not only disappeared immediately, but the referee taught him to be a man every minute.
However, in recent years, in the Premier League, there have been very few penalties that have been very unfavorable to Manchester United.
It can even be described as rare.
This kind of intangible, unreal, but tangible thing is part of today's commercial football.
As long as Ferguson is around, Manchester United's results will be guaranteed, and results are a very important part of commercial value.
Ferguson is no longer young, and he has considered retirement when he had a conflict with two former Irish racing tycoons at odds with Manchester United.
But this season the Reds have shone and the club is back on track, and even though Ronan, the new owner, has been more strict in overseeing the club's operations, it has given him a lot of trust as a manager and brought in a group of new players with an infinite future.
The idea of so-called retirement has long been thrown into the garbage by Ferguson.
Ferguson made it clear to Ronan that as long as his health did not show up, he would not think about anything related to retirement in the next five or six years.
Manchester United has Ferguson in the presence, which is a guarantee of stability and will continue to appreciate.
Ronan's tendencies in choice speak for themselves.
In addition, there is another point that also affects Ronan's related considerations.
Manchester United's contacts with Barcelona and Leo Messi's father have seen initial feedback.
After Manchester United tentatively put forward an offer of 50 million euros to pack three players Xavi, Iniesta and Messi, Barcelona rejected Manchester United's bid and solemnly stated that these three players are not for sale!
In football transfers, some clubs propose that so-and-so is not for sale, often not that it will not be sold, but that there are other considerations.
The core of Barcelona at the moment is Deco, and the number one star is Ronaldinho, who is in the limelight and seems to be far from his peak, with no signs of decline at all.
Xavi, Andres Iniesta and Messi are important for Barcelona, but apart from Xavi-, in Manchester United's private contact with Barcelona, the other two, Barcelona don't bite so tightly.
United have also been in private contact with Messi's father and Andres Iniesta's agent, and the two players have some doubts about the Reds, given the very different styles of the Premier League and La Liga.
But the price offered by Manchester United is very tempting.
Leo Messi's father, in particular, has already impressed him with Manchester United's favourable conditions.
Money is not everything, but in most things, it is a master key.
Talks are still ongoing, and Ronan has expressed his concern that Manchester United will make Leao Messi their number one target.
Just imagine, there is the letter Luo on the left and Messi on the right, how beautiful this picture should be?
Of course, it is also possible that these two will be incompatible, and that doesn't matter, dismantling the key points of the Cosmos team in advance will also help Manchester United become a phenomenal team in European football in the next few years.
At the end of the day, Ronan is a businessman, and the first thing to consider is the value of the club.
Just as Relativity Entertainment never puts the commercial value of a film on the quality of the film, the business of the football league is not solved by relying solely on on-field games.
"Pirates of the Caribbean 2" is about to be released during the Independence Day holiday, but before that, Ronan specifically approached George Martin to talk.