045 Shares in hand

"DΓΌr, this time it is not me who is looking for you, but our 'Holy Son' has found you, as for the specific situation, I will not say, let this Mr. St. John Lee talk to you in detail. ”

After everyone sat down, Tang Valentin spoke first, and then pointed at Li Feng with a smile, and then sat aside without saying a word, probably watching the next good show.

Li Feng was speechless for a while, and could only say repeatedly in his heart, he is not a good person, not a good person!

"Oh, John, it seems that your name as 'Holy Son' has been spread from Yahoo, and it is estimated that it will not be long before the reputation of your 'Holy Son' will be spread in Silicon Valley. ”

"Hey, Dur, it's been a long time, it's all rumored by others, I'm going to be a saintly son, and I'll be directly in the Vatican now. Li Feng said self-deprecatingly.

After listening to Li Feng's self-deprecation, everyone burst into laughter, and at the same time they were all looking at Li Feng, it was really Li Feng's age that was too deceptive.

......

"Okay, let's get down to business, Valentine said that you have something to do with us this time, listen to what Valentine said on the phone, is it because you are interested in Netscape?"

"Now that I've come to Netscape, I think you should know what I mean, I'm personally optimistic about Netscape's performance, so I hope to be able to buy a part of Netscape shares before the IPO, you see, I'm going to be slaughtered by you. Li Feng shrugged and jokingly responded.

"Mr. 'Holy Son', thank you for the importance you attach to Netscape, we are very happy about this, and we also welcome Mr. to invest in Netscape, but I personally have a proposal, I wonder if Mr. 'Holy Son' is interested?"

But it was Jim Clark who interjected after hearing Li Feng's words.

"Oh, please. Li Feng nodded and continued.

"We are also optimistic about the future of Yahoo, we can use a 1:1 ratio, Netscape shares directly for Yahoo shares, I don't know if you are interested. ”

......

"I'm sorry, Mr. Jim, forgive me for being direct, I'm more optimistic about Yahoo than Netscape, so we can just stop talking about swapping Yahoo shares.

Now let's discuss the launch price of Netscape that you are going to prepare, and if it is feasible, I hope to buy some of it directly, and I think this will also give Netscape a good start on the roadshow journey in the future, right?"

I thought to myself, I want to exchange my shares in Yahoo, dream. Netscape was acquired in 98, and it seems to be worth billions, and Yahoo can reach nearly 100 billion at its peak, not to mention 1:1 replacement, that is, 1:10 replacement, Li Feng feels a little lost.

Li Feng knows very well that when Yahoo is at its peak, if he can cash out all of it, he may immediately be worth close to 10 billion, and it will definitely scare people to say it. If you want to change it now, if Apple's shares are returned, Li Feng may think about it.

In fact, what Li Feng didn't know was that Apple's market value now has 5 or 6 billion.

......

"Well, if that's the case, let's let the representative of Morgan Stanley, the underwriter of Netscape's IPO, explain the situation. ”

Jim saw that Li Feng rejected his proposal without hesitation, although he was unhappy, but in the face of Netscape's future, he still asked the Morgan Stanley representative to explain the situation.

"Hello everyone, I'm Neil, and we at Morgan Stanley have filed S-1 (prospectus) filings with the SEC (Securities and Exchange Commission), and we have started to mobilize all aspects of our Morgan Stanley to help Netscape pass as soon as possible.

According to our estimates, the whole process should be completed in July or August, followed by a roadshow of about 7-10 days, and finally the first IPO should be completed in August.

At present, the initial issue price we are preparing is $14, of course, this is only the initial offer, as for the actual issue price to be determined before the listing, we need to see the performance of all aspects to determine.

Our plan is to issue 5 million shares outstanding, and we at Morgan are confident that Netscape will complete a successful IPO, thank you!"

......

"In that case, I would like to directly acquire 3 million shares of Netscape shares at your issue price before the IPO, hoping to get your support, and of course, I hope that the shares can be cashed out at any time. ”

After listening to Neil's words, Li Feng almost screamed, hearing that the issue price temporarily set was only 14 US dollars, Li Feng thought that it was really cheap.

What Li Feng didn't know was that after listening to his request to directly buy 3 million shares, everyone almost jumped in shock, it was really crazy.

You must know that the price of shares acquired in advance is generally lower than the issue price, and it is basically difficult to see a direct acquisition at the issue price like Li Feng, which is also Li Feng's loneliness, but who made him an ordinary person in his previous life and does not understand the twists and turns in this.

According to Li Feng's 3 million shares, the 5 million shares issued must not be moved, and can only be purchased from all shareholders, otherwise Li Feng directly occupies 3 million shares, and the remaining 2 million shares are not interesting to go public, and there are too few outstanding shares.

At the same time, there are also worries about Li Feng's right to cash out at any time, in case Li Feng sells all 3 million shares at once, then Netscape's stock may become a junk stock. Therefore, there was a "buzzing" of discussion at the scene.

......

"I know your concerns, but don't worry, we can set a condition, for example, I can't cash out until the issue price is doubled, etc., I can't sell the shares all at once, etc., and I don't think I want to make my shares worthless, do I?

Finally, I don't need to go to the board of directors and other rights, I'm just a simple investment, you don't have to worry too much, you just need to consider whether this investment is in line with Netscape's intentions. ”

It can be said that Li Feng gave up all the rights of Netscape and finally moved everyone in Netscape.

Sure enough, after listening to Li Feng's words, everyone finally put their minds at ease, and then after a few people discussed, Jim stood up.

"In that case, then Mr. 'Holy Son', you are welcome to invest in Netscape, and on behalf of Netscape, I announce that I accept your investment, and as for the company's shares, 3 million shares will be set aside from my personal stock. ”

From here, Li Feng also knew that Jim was the largest shareholder of Netscape, and after Netscape went public, Jim held almost half of the shares.

As for Mark Anderson, who has a very good reputation, the shares are not much more than Li Feng.

......

In fact, it's normal to think about it, capitalists are not philanthropists, after Jim invested money in the beginning, the power of the company was actually in Jim's hands, and Mark Anderson was actually mainly responsible for technology.

What Li Feng didn't know was that Jim directly invested $5 million to jointly establish Netscape with Mark Anderson, and most of the shares were occupied by Jim, after all, the funds contributed were Jim's.

Even after the introduction of venture capital, before Netscape went public, Jim's equity still accounted for nearly half, so you can imagine how many shares Jim has.

Jim's consideration at this time is that even if he sells 3 million shares, he is still a major shareholder, and his original investment of 5 million can now directly cash out 42 million US dollars, which has made a lot of money. Li Feng directly acquired the shares at the issue price, so there was no reason why he would not sell them.

In the future, Netscape will be listed, and the shares in your hands will make a lot of money, and the shares in your hands are enough to ensure your control over Netscape, so why not do it.

Now that the two parties have reached an agreement, the next thing is simple, the legal counsel of both parties can draft the agreement contract and sign it.

......

Li Feng spent $42 million to buy 3 million shares in Jim's hands, stipulating that the shares could not be sold under the premise of being less than 2 times the issue price, and the ban could be lifted and cashed out at any time if it exceeded 2 times.

At the same time, Li Feng's shares do not occupy the board of directors, do not participate in the operation of Netscape and other conditions, and operate purely as a stock investment.

When the official signing took effect, there was warm applause in the conference room, and at the same time, Li Feng also exhaled lightly, and finally took the ship of wealth on the netscape.

Later, Don Valentine also made a proposal to buy 1 million shares, and Netscape also agreed, either considering Don Valentine's huge influence.

The shares were still purchased from Jim, which means that Jim's original investment of 5 million has now reached 11 times the income, which is really a crazy return on investment.

......

Of course, Li Feng is not red-eyed, isn't it the same when he invested in Yahoo, he invested 500,000 yuan, and now he directly lends 50 million through mortgage borrowing, and he has more than 100 times the income.

For Li Feng, the vigorous third trip to Silicon Valley has come to a successful end.