After talking with Warren Buffett, Zhang Ning decided on Penguin's plan to go public in the United States. △，.

Of course, the Penguin Company here is not all of Penguin's assets, but only a part.

Like Penguin Technology, Penguin Network, Soso, Penguin Mall...... waited for the heavy business, Zhang Ning didn't take out any of it.

Of course, it's not that Zhang Ning doesn't take it out.

The main reason is that now the main business of Penguin is in China, although it is also very profitable, but it is not famous.

If this is listed in the United States, it is easy to underestimate the value.

And, most importantly, Zhang Ningke is deeply aware that in the future, Penguin's business in China will grow rapidly with the outbreak of China's Internet. Zhang rather didn't want to take the main business of Penguin Company to give the Yankees a welfare. Besides, now Penguin is not short of money. As for going public, it's just for the sake of globalization.

Listing, the first thing to do, that is, to declare.

The so-called declaration is to declare the listing materials to the NASDAQ exchange in the United States.

The meaning is very simple, that is, to tell you, our Penguin Company is going public.

Secondly, at the same time as the application materials, Penguin must also find an underwriter first.

Most of the underwriters are securities companies, that is, companies that help listed companies go public, which are also equivalent to middlemen.

The role of the underwriter, in addition to helping the listed company go public, he also has to be responsible for the publicity, price search, and roadshow of the listed company. Of course, this can also be counted as part of the pre-IPO task. However, in addition to these, the role of the underwriter must also help the listed company to contact the right stock buyer.

You must know that when a listed company goes public, it is to sell the shares in your hand.

For this to be sold, someone must take over.

Although in the secondary market, that is, some stockholders, they also have money, they can also buy these stocks. But these shareholders are all retail investors, and even if they have money, their power is not concentrated. Therefore, it is necessary to find some large receivers, that is, investors, before going public.

Of course, in addition to finding some investors to buy shares of listed companies, underwriters will also buy stocks that they dare to be interested in. Because most of the securities companies in the capital, they also have investment funds. Considering that Penguin's plate is too big and one underwriter may not be able to eat it, Zhang Ning is looking for a few more underwriters to underwrite together.

"Hello, what did you say, your Penguin company is going to raise $100 billion?"

The manager of Morgan Stanley, a well-known securities company in the United States, felt as if he had misheard.

$100 billion.

I won't talk about the yen.

"Yes, $100 billion."

Zhang Ning's current valuation of Penguin is $400 billion, raising more than $100 billion, no more, no less.

However, Zhang Ning felt that $100 billion was not much, but it frightened the JPMorgan Chase manager.

"Are you sure?"

The department manager was dumbfounded, "What kind of company is Penguin, why haven't you heard of it much?" ”

"Since I haven't heard of it, what he meows, how can it be worth so much money. More than 100 billion US dollars, why not grab it. ”

"Sure."

"Okay, then I'd like to ask, what is your company's approximate valuation of your penguins?"

"We decided to issue 10 billion shares at $45 each, which is about $450 billion."

"450 billion."

This time, the department manager directly crashed the machine.

Oh my God, even ExxonMobil, the king of market capitalization in the United States, is only more than 430 billion.

More than 450 billion, that is to become the world's first.

"Crazy, this guy must be crazy."

The department manager looked at Zhang Ning, and then looked at the materials in Zhang Ning's hand.

Company name: Penguin Inc.

Company type: Internet comprehensive company.

Founded: 2000.

……

Well, this guy is crazy without a doubt.

Everyone knows that the world's largest Internet companies are Yahoo and Google.

However, their market value is only about $200 billion.

Not to mention the Internet, take the entire IT company as an example.

Microsoft, IBM, Intel...... These giants did not exceed $400 billion.

A company that has never heard of it or heard of it actually shouted the slogan of financing 100 billion yuan and a market value of 400 billion yuan.

What is this not a madman?

"Okay, Mr. Zhang, don't be kidding, we're busy."

The department manager stretched out his hand, obviously, he no longer planned to receive a customer like Zhang Ning.

"Okay, I'll not disturb your company's business."

Regarding the contempt of the department manager, Zhang Ning just smiled and left directly.

……

Morgan stanley.

Morgan Stanley is a leading global financial securities investment firm with 1,200 offices in 37 countries. At the same time, Morgan Stanley is also ranked within 200 of the world's top 500.

"Now guys, it's crazy."

Cherno, the department manager at Morgan Stanley, returned to the office after leaving work at noon.

"Heh, Cherno, how can you say such a thing, I heard that you took a big order."

My colleague said enviously.

"Big single ghost, that guy is just bragging. Do you know how much the other party wants to finance? ”

"How much?"

"$100 billion."

"No, it won't."

The thorough colleague was also stunned when he heard it, "It's so terrifying." ”

The financing amount of $1,000 can not be said to set a record for the largest IPO in the history of Zào. Even among the world's top 500 companies, there are not many companies with a market capitalization of more than $100 billion. If this financing reaches more than 100 billion, then his market value will not be the first in the world?

By the way, Cherno's colleague also asked, "So what is their market capitalization assessment?" ”

"450 billion."

"I'm cǎo, this is clearly the rhythm of stepping on ExxonMobil's feet."

"yes, I think so."

"Then how do you deal with it?"

"I didn't pay much attention to him, he left on his own."

"Huh."

The colleague smiled, "Cherno, you're not right, how can you treat customers like this." What if, they really raised 100 billion? ”

"Yes, yes, they want to raise 100 billion, but do they have the ability? Don't say it's them, I want to raise $100 billion too. But who financed me. Otherwise, I will give you this customer, and you will receive it. ”

"Hehe, forget it, I can't take on such a customer."

Cherno's colleague smiled, and he just spoke.

The top companies in the world, they all know.

They know which company is worth what the market value is, and which company is worth how much.

"By the way, what's the name of this company?"

"Penguins."

"Penguins?"

"I don't think I've heard of it."

"yes, I haven't heard of it either."

However, just as Cherno was saying that he had not heard it, Ron the CEO of Morgan Stanley suddenly came.

"What, what did you just say?"

……

Ron is the CEO of Morgan Stanley.

As the head of a world-renowned financial company, Ron has been under a lot of pressure lately.

Because of a war in Iraq.

Morgan Stanley, which had been bearish on oil until then, suffered its biggest loss since the company's inception.

At present, the board of directors already has an opinion on Ron.

At this time, Ron urgently needs a super powerful business to save himself.

Fortunately, his good friend, Warren Buffett, brought him good news the other day.

"Ron, stop the headache, I've got good news for you, Penguin is going public."

"Penguin Company?"

"You mean the penguin company in China?"

Ron still has a certain image of Penguin.

"Yes, this company is planning to list on the NASDAQ recently, and if you can eat a piece of the business, then you will make it."

"Mr. Buffett, stop kidding."

"I also know about the penguin company, although the table in China is also good. However, penguins have been developing on the Chinese side until now. In addition, China's Internet has only been developing for a few years. He has potential, but in our United States, the valuation will not be much. Just like Sina and NetEase, isn't it billions of dollars? Not to mention eating a part of the business, even if we eat all of it, we won't make much. ”

"Hehe, you're wrong. Do you know who Facebook belongs to? ”

"Facebook?"

"The CEO of Facebook is Mark, and by the way, there is also a major shareholder, who is said to be a Chinese."

Ron suddenly seemed to think of something, "Mr. Buffett, don't sue me, Facebook is also a penguin company." ”

Facebook's other major shareholder is said to be named Zhang Ning.

It seems that the founder of Penguin is also named Zhang Ning.

Damn Chinese names, it looks so complicated, this can't be the same person.

Ron's heart kept jumping.

"What do you say?"

Buffett didn't answer, but looked at Ron.

Subconsciously, Ron immediately took out the phone.

"Check out the relationship between Facebook's major shareholder and the Penguin founder."

As a result, in this investigation, the major shareholder of Facebook and the founder of Penguin are the same person.

When the news of this kind was fed back to Ron's ears, Ron had already changed color.

"Oh my God, another genius has appeared."

If you talk about the Penguin Company, maybe Ron didn't see it.

But for Facebook, which has operations in hundreds of countries, Ron is very red-eyed.

In his eyes, Facebook is already synonymous with miracles.

Moreover, Ron did not have the idea of hitting Facebook less before.

However, when Facebook's self-made electronic stock appeared, Ron also lost hope.

However, now that he heard Buffett mention Facebook again, Ron said excitedly.

"Mr. Buffett, did you get the news?"

Buffett nodded.

"At present, Facebook is preparing to recycle electronic stocks, and in addition, this time it is not Facebook that goes public, as I just said, it is penguins."

"Penguins?"

Ron wondered, "Is this any different?" ”

"Of course not."

Penguin's listed subsidiaries include not only Facebook, but also Japan's original Japanese manga platform, as well as Penguin Video, Yahoo, and Penguin's Focus Media in the mainland. Plus, there's a penguin fund that you'll vomit blood when you hear it. ”

"Penguin Fund."

Not to mention that the Penguin Fund is fine, when it comes to it, Ron is not good.

Oh my God, it's the Penguin Fund.

How I didn't think of that.

Why didn't I think the Penguin Fund and the Penguin Company would be one and the same?

Ron grabbed his hair and screamed from time to time.

Still, Ron didn't expect normal.

There are too many companies with the same name in the world.

Not to mention that companies in different businesses have the same name, and companies with the same name in the same business, they all have the same name.

For example, Morgan Stanley, in addition to their name Morgan, there is another one called Morgan, that is, JPMorgan Chase.

In order to distinguish these two Morgans, the outside world calls them Big Mo and Little Morgan.

Penguin Fund, he really heard that he was going to vomit blood.

This was a dead oil bull at the time of the Iraq war, when $1 billion was a full buyout of crude oil.

At the time, Ron thought the fund company was stupid.

However, I didn't expect it.

In the end, the stupid can be yourself.

The Penguin Fund made more than $50 billion as a result of the Iraq war.

And they, Morgan Stanley, were bearish on crude oil for a long time, and as a result, they suffered a miserable loss by a sudden war.