Chapter 201: Two Billion?
Xiong Xiaoge was not shocked by Zhang Chen's foresight, but shocked that Zhang Chen's courage was too greatγγγγγγ
This is a pure bet, betting on what the national policy will be.
Zhang Chen didn't care and said: "Our venture capital is already gambling." McGovern also has a 20% success rate, not to mention my judgment that Starcom has a more than 20% success rate. β
Zhang Chen said patiently: "Moreover, another factor that this investment will not lose is the rapid growth of the domestic switch market." Brother Xiong, you should know that the daily terrifying installed capacity of fixed lines is almost twice that of last year, and I predict that the installed capacity will double next year. This kind of annual growth rate of more than 50 percent is expected to continue beyond the year 2000, think about it, what a big market is that?"
"At present, the largest supplier of communication facilities in the market is Cisco, followed by the domestic Zhongxing. However, Cisco's price is expensive, and Zhongxing's state-owned enterprises have a deep background, and the market response is not flexible enough. This gives Starcom the opportunity to rise. β
Xiong Xiaoge frowned and said: "I understand, just like your idea of investing in aliens, on the surface, it seems that the competition is fierce enough, and the market has been occupied, but in fact, latecomers can encroach on the existing market by changing their business models and enhancing their own competitiveness." β
Zhang Chen nodded, "Yes, at this point, it is indeed similar to investing in the PC industry. At the beginning of the PC, there were also many people who said that Lenovo has become a general trend, with Tong Fang, Ziguang and other people ready to move, and Dell and IBM eyeing each other, and the PC market is no longer a good direction, but what is the result?
"Therefore, even if PHS is not successful, as long as Starcom can successfully stop the loss and turn around in time, the business will still not be lost. It is even possible that before Starcom implemented PHS, with the market of communication facilities, it had already gone to the NASDAQ to ring the bell. β
"Now Starcom is ready to launch Series B financing, and it is said that Masayoshi Son intends to exchange $100 million for 20% of Starcom's shares, do you think he is stupid?" Zhang Chen looked at Xiong Xiaoge meaningfully.
Xiong Xiaoge was shocked: "Is the news true? It can't be that Wu Dabeard deceived you, right? In just three months, Son Zhengyi raised the valuation of Starcom from 100 million US dollars to 500 million US dollars?"
Zhang Chen nodded, "He can't lie to me, I think he means, he just informed us, if we want to continue to follow up, it is estimated that at least the same conditions must be issued." β
And now Son has sold some of Yahoo's shares and cashed out $300 million. It's not as tight as it was when we bought Kingston in the previous stage, and it's entirely possible to go back and talk to Starcom now. β
"You also know Son Zhengyi's character, he gambles heavily, and he is almost a madman, but this madman has done it all. I have a hunch that if he succeeds in investing in Starcom this time, it will be SoftBank's biggest gain in recent years. β
"Hunchγγγγγγ Xiong Xiaoge muttered, for the various views on the project can be said to be opinions, and it is normal to have different opinions. But after so many years, Xiong Xiaoge began to believe more and more in the ethereal things of intuition and premonition.
Xiong Xiaoge calculated that Zhang Chen borrowed 20 million US dollars from IDG to invest in Starcom, plus his own 3 million, a total of 23 million, accounting for 35.38% of Starcom's shares. If Starcom's B round of financing Softbank really takes 20% of the shares of 100 million US dollars in finance, even if Zhang Chen's shares are diluted to 28.3%, he will still be the largest shareholder of Starcom, and the valuation of Starcom's equity in his hands will reach 140 million US dollars!
Xiong Xiaoge calculated, startled himself, and couldn't help but look Zhang Chen up and down, just this little kid who just had a little sparse stubble on his lips was about to become a billionaire? Or is it a dollar?
Xiong Xiaoge thought of ICQ again, and now this software is becoming more and more popular. Xiong Xiaoge went to the United States two days ago, and the main purpose was to find McGovern to complain. When I arrived, I found that as long as people surf the Internet in the United States, they are using ICQ.
Xiong Xiaoge inquired with McGovern, ICQ's valuation is now only afraid that 200 million US dollars can not be stopped, and it is said that AOL's Steve Case's proposal to buy all ICQ shares for 280 million two days ago has just been rejected.
And now, ICQ's Series B financing is about to begin, and it is said that the valuation starts at least $300 million.
The reason why ICQ's valuation can reach this figure is inseparable from its monopoly position in instant messaging software. Moreover, ICQ has begun to explore its own profit model, and last month, launched a paid custom number service. Users in need can set a numeric number as the UID within the scope of the system rules for only $9.99 per year, and the number that has been selected by others cannot be selected repeatedly.
This is actually the disguised beautiful number service suggested by Zhang Chen, but due to the different cultures and national conditions of China and the United States, some changes have been made, but the core is the same.
In terms of the actual value of ICQ, valuing him at $100 million is really not high, because his user base is too large. Historically, AOL bought ICQ for $400 million, which was actually a big advantage. In the second year after the acquisition, AOL's stock price soared from $58 in '98 to $98 in '99.
Of course, there is the role of the Internet bubble and the market rumors of Time Warner's merger, but ICQ's lubrication of AOL's overall business is undoubted.
Thinking that Zhang Chen still has 28% of the equity in ICQ, Xiong Xiaoge calculated, even according to AOL's offer of 280 million this month, Zhang Chen's ICQ equity in his hands exceeded 80 million US dollars.
140 million + 80 million.
The renminbi is close to 2 billion.
Xiong Xiaoge's heart was pounding, 2 billion yuan, how many people in the country can have this asset now? If there is any rich list now, Zhang Chen will definitely be able to enter the top 50 in the country.
Xiong Xiaoge also knows that these are all paper wealth, which is not realized for a day, and it is just a fantasy for a day. And Zhang Chen's delay in cashing out is probably waiting for the IPO option to exit or not yet reach his psychological price. And if Zhang Chen doesn't find a buyer to sell the equity, the money is all waste paper, and now this kid should not have much money on hand.
But how much will this kid make on these two projects!? Xiong Xiaoge became more and more frightened, he knew that this kid had made a lot of money by investing in ICQ, but he didn't expect that Starcom, who borrowed money from IDG, could also make money, it seems that this kid has been lucky recently.
Do you want to take advantage of Zhang Chen's fortune to make a profit?
Xiong Xiaoge is also a person who knows the meaning of elegance when he hears the string song, and knows that Zhang Chen has talked to him so much, and he must have a purpose. Xiong Xiaoge thought for a moment, "Are you trying to persuade me to influence McGovern with you so that he can invest in Starcom and cut off SoftBank's business?"
Zhang Chen gave a thumbs up, "Awesome, I mean that." β
Xiong Xiaoge smiled: "I was persuaded by you, but I think, it's not very likely." β
Zhang Chenqi said: "Why?"
The story is similar in history, except that after a few months of investing 30 million US dollars in SoftBank's 30% stake, an additional $100 million was added, and SoftBank accounted for a total of 50% of the shares.
With the strength of the protagonist now, it is definitely no fun to eat alone, and this kind of NASDAQ IPO can't eat alone, without the support of big conglomerates, and it may not be possible to find an agency. Anyway, the biggest benefit has already been accounted for, and all that remains is to take a ride and see if you can make more.
(End of chapter)