$15 billion!

Knowing that Phoenix Investment Group insisted on valuation, many investment institutions quietly retreated. Obviously, this ultra-high valuation is far more than their psychological price, and they don't see value in continuing to invest.

"Huh...... $15 billion, although the performance of Phoenix Investment Group is extraordinary, but it is far from worth the price. I don't think any normal investor would approve of this estimate. Hahn, the president of McGu Asset Appraisal Services, said with a sneer after seeing the news. Idiots think Phoenix Investment Group is worth $15 billion! ”

The vast majority of people who share the same ideas as Hahn are not just a few, but feel that this valuation is far beyond reasonable price.

All parties are looking forward to it.

Will anyone agree to the $15 billion valuation and start negotiations with Phoenix Capital Group on that basis?

For several days, it was very calm, and no one came forward to express their position. Of course, the Phoenix Investment Group is also very calm, and there is no trace of contact and negotiation with other investors.

Apparently......

In the face of an ultra-high valuation of $15 billion, even if many institutions have a strong interest in Phoenix Investment Group, they are extremely cautious.

No one has agreed with this estimate yet!

Yes.

After several days of silence, no one agreed with this estimate. The ultra-high valuation of Phoenix Investment Group has scared off a large wave of investors and put everyone in a wait-and-see mode.

"Boss, the outside world doesn't seem to buy the valuation of Phoenix Investment Group's $15 billion, it's been a few days, and there has been no progress so far." Horst anxiously reminded that Phoenix Investment Group's financing and share expansion is a very important thing, and if the financing fails, it will deal a heavy blow to the company. No one cares about financing and expanding shares, and he sees it. Anxious in the heart.

But.

However, Tang Bao, who is the boss of Phoenix Investment Group, is An Ruo Taishan, sitting in the office all day long, reading books and newspapers, laughing and chatting.

"The owner...... Several very sincere investment institutions in the past have died down. I'm afraid ......," Horst said and stopped.

"Afraid of what? Afraid that Phoenix Investment Group can't find a strategic investor? Since they have stopped and retreated, it shows that sincerity is not enough. Hmph, it would be naïve to hold the shares of Phoenix Investment Group at a low price with the psychology of taking advantage. Tang Baofeng smiled lightly, Phoenix Investment Group was snubbed by investors, and in order to shake the persistence in his heart. $15 billion valuation. He felt low!

Facing a $15 billion valuation of Phoenix Investment Group.

Many investment institutions have tacitly remained silent, and there are few voices to comment publicly. On the contrary, the news media is loud and loud...... The mainstream voice is that the valuation of Phoenix Investment Group is seriously overvalued, and the reasonable price should be around $10 billion. Some news media even vowed that if the Phoenix Investment Group insisted on going its own way and did not listen to the voices of the outside world, the matter of raising funds and expanding shares would be frustrated.

"Phoenix Investment Group's overvaluation is overvalued, and it is recommended to lower valuation expectations......" is full of such suggestive voices.

It has caused a lot of pressure on Phoenix Investment Group, and even affected the judgment of the senior management of Phoenix Investment Group. Horst was seriously disturbed and disrupted.

Is this voice really just the opinion of the news media?

Not necessarily!

Tang Poke is very clear. The newspapers seem to be reporting from the neutral point of view, but this is not the case.

Is this possible? An investor who wants to take a stake in Phoenix Investment Group is unwilling to accept a high valuation, so he takes an unconventional approach. Through the media, the judgment of Phoenix Investment Group was indirectly disrupted, causing Phoenix Investment Group to reduce its valuation in a panic. So that an investor can get what he wants......

Tang Bao didn't dare to pat his chest and say that it must be like this, but there is indeed such a possibility. Many investment banks do this through the news media.

……

"Boss, look at the situation now. Is it to lower valuations? Or keep waiting? Horst looked at Tang Bao indifferently and asked in a low voice.

Lower valuation ......?

"Hey."

Tang Bao couldn't help but sigh in his heart, obviously Horst was influenced by public opinion from the outside world. "Valuation geometry. I know what to expect, just wait. ”

"Yes."

Horst's mouth opened, as if he wanted to say something more, but he dismissed the thought, and only nodded and accepted Tang Bao's instructions.

Time flies, and a week passes in the blink of an eye.

With an ultra-high valuation of $15 billion, the news and newspapers are jumping up and down, exclaiming that the valuation is unreasonable, and satirizing Tang Bao's lack of greed. For these, Phoenix Investment Group did not make any response, and everything was very calm. Of course, there is no news that any investor has contacted Phoenix Investment Group.

Apparently.

At the moment, Phoenix Investment Group and potential investors are engaged in a quiet game.

"Phoenix Investment Group has a lot of potential, but the stock price of $15 billion is ......" Rice watched Phoenix Investment Group being hung out, and the corners of his mouth couldn't help but show a victor's smile. "With the current situation, Phoenix Investment Group will sooner or later lower its valuation expectations, unless they abandon their plan to expand their shares." ”

Many people had the same idea as Rice and waited silently......

……

"Hey!" "yes, okay."

Horst hung up the phone, with a smile on his face, excitedly rushed to Tang Bao's office, knocked on the door eagerly, and rushed in.

"Good news, boss! Bear Stearns approved the $15 billion valuation and hopes to negotiate a stake in Phoenix Investment Group. Horst excitedly gave Tang Bao the good news, and his voice trembled slightly. $15 billion, he didn't expect that there would really be investment institutions that recognized this valuation. At the same time, the recognition of investment institutions means that Phoenix Investment Group is really worth $15 billion.

In three years, it took only three years to develop an enterprise with a registered capital of only 50 million US dollars into a giant with a value of up to 15 billion US dollars.

Horst was incredulous......

"Oh? Is it Bear Stearns? When Tang Bao heard this name, he couldn't help but think of the tragic fate of this investment bank in later generations.

"Boss?" Horst looked at Tang Bao, who was stunned, strangely, and whispered.

"Hmm."

Tang Bao suddenly came back to his senses, shook his head slightly, and put aside those messy thoughts. The future fate of Bear Stearns has nothing to do with him, and more importantly, Bear Stearns is indeed the number one investment bank on Wall Street at this time, and it is also in line with his conditions to absorb Bear Stearns' shares.

"Boss, Bear Stearns intends to meet with you on the issue of investing in Phoenix Investment Group, and the other party is still waiting for a reply?" Horst reminded again.

"Okay, no problem. Let's just set the meeting time for 2 o'clock this afternoon! After a moment of silence, Tang Bao said with a light smile.

Unlike Horst's high excitement, Tang Bao did not feel flattered by Bear Stearns' initiative to come to the door to show his goodwill.

……

Get orders.

Horst hurried back to reply to Bear Stearns, agreeing on a time and place for the meeting. Then, Horst let out a rumor.

Phoenix Investment Group and Bear Stearns will meet in the afternoon. Although the content of the meeting and negotiations was not discussed, all sides could not help but think about it.

Meantime.

I was also very shocked that if there were really negotiations for a stake in Phoenix Investment Group, would it mean that the $15 billion valuation had been approved by Bear Stearns. Shocked, scolded, angry, anxious...... People who saw this news had different moods.

Two o'clock in the afternoon.

In the conference room of Phoenix Investment Group, Tang Bao, Horst and Bell Chairman and Executive Officer Kane met and negotiated on time.

"Tang, after research, we at Bear Stearns believe that Phoenix Investment Group is a company with unlimited potential and is worth investing in for the long term. The $15 billion valuation that you insist on is acceptable. "Kane made his position clear as soon as he came up.

"Hmm."

Tang Bao smiled and nodded, was silent for a few seconds, and then reminded: "Mr. Kane, it is necessary for me to emphasize that the valuation of $15 billion does not include the assets of the venture capital department. For the assets of the venture capital department, I would give a separate asset valuation...... Of course, I think the valuation of this part of the asset will be difficult for you to accept. ”

"Oh?"

Kane was interested, and to be honest, Bear Stearns' decision to endorse the $15 billion valuation was not a spur of the moment, but was based on a detailed assessment of Phoenix Investment Group. In their view, the most important asset of Phoenix Investment Group is the equity investment department, and the asset management department also has infinite potential. As for the venture capital department, which is not obvious, he really doesn't care.

"Don, if you say that, I suddenly feel that I am looking forward to the valuation of the venture capital department." Kane said with a smile.

"It's better not to listen, or Mr. Kane will think I'm too arrogant." Tang Bao smiled and shook his head, "If Mr. Kane has no objection, I want to divest the assets of the venture capital department from the Phoenix Investment Group......"

"Stripping? Don, are you so optimistic about the assets of the venture capital department? Tang Bao's eagerness to divest the assets of the venture capital department surprised Kane. At the same time, I couldn't help but think about it in my heart, and said with a smile: "Tang, don't go around the bush, just say how much the asset valuation of the venture capital department is." If I could, I would like to keep this part of the assets within Phoenix Investment Group. ”

How much is it worth?

Tang Bao couldn't help but smile, it doesn't matter how much it is worth now, the key is that he knows very well what the value of the assets of the venture capital department will be in the future. (To be continued......)