Chapter 61 The idea of going public
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New York has been getting colder and colder these days, the sky is drifting with snow, the whistling north wind is dancing with snowflakes, like a naughty child, playing to his heart's content, but unfortunately the pedestrians are unbearable to be harassed by him, and the figure flashes by, and soon disappears into a white expanse, leaving only two lines of shallow footprints on the snow. (The fastest update speed is on the Aishang Novel Network biquge.info)
Looking out of the window, there are thousands of miles of ice outside, thousands of miles of snow drifting, a world covered in silver!
The room was warm, and the fire in the fireplace burned in the Aichan net, and the flames jumped, occasionally making a slight popping sound.
Situ Nan hadn't seen such pure snow for a long time, and he hadn't been in such a relaxed mood for a long time.
"Here, cheers!" Situ Nan raised his glass and touched Robles, took a sip of wine, smiled indifferently, and said: "Robles, this time you did a good job, after finishing the business with the British, it is enough for us to eat for three years." It's a good start, and it seems that this visit to New York has been very rewarding. β
"Hehe, I didn't think it would really work, it was supposed to be 100 million dollars
Business, now you have made 300 million, to be honest, I didn't convince you very much before, I thought it was your luck, but now it seems that you kid is even more ruthless than me, and even sold your broken copper and iron to the British at a discount after raising the price, and deceived the British of American bonds, which ordinary people can't do. β
Robles said, and then poured wine into the glass, and they had drunk a lot of it to-day.
"What kind of deception? That's my real money in exchange, okay? Hey, I said, are you praising me or belittling me? Situ Nan smiled, how did he feel that Robles was a little jealous of himself.
"I'm trying to belittle you, but in fact you're doing so well that I can't think of anyone else who has such a huge fortune in your twenties as you do. I really don't understand how lucky you kid is, sometimes I wonder if you're an alien, as if you can predict the outcome of things! Robles stared at Situ Nan, trying to see something from Situ Nan's expression.
No, there was no change at all, Situ Nan still smiled gently, and calmly looked at Robles.
"Okay, let's not talk about it. Tell me about you! "Situ Nandao, when will you find a hostess for this room? I think you're pretty cold, didn't you say you wanted Sister Rose last time? The result? β
"Hey, don't say it, she won't call me, you said that I was born in a prestigious school, has a successful career, has a car and a house, and there are few better than me in this world, right? Why isn't this woman tempted at all? Of course I don't compare you to you, you are an exception! β
Speaking of this, Robles is a little depressed, since he first met, he was attracted by Rose's beauty, and then launched a crazy pursuit, but unfortunately a lover met a ruthless woman, and all his enthusiasm was thrown away.
Later, he was busy with work, and his heart faded after a long time, and now Situ Nan is still a little worried about it.
"By the way, there's a party tonight, if you want to γ»γ»γ»γ»γ»γ»γ» me find someone to arrange it! Guaranteed to be those enthusiastic ladies and ladies! Robles laughed a little lewdly.
"Hey, hey!" The two lewd men seemed to have returned to the Harvard campus, when they used to stand at the door of the library and nod their heads at the girls passing by.
I haven't eaten meat for a long time, and being teased by Robles, Situ Nan felt a little itchy in his heart.
After two bored men had an in-depth exchange about women, they played chess in the living room.
"If I don't play, I'll lose to you every time!" Robles pushed the chessboard away and took possession.
"Well, this harvest is not bad, Robles asked me to calculate how much you owe me, well, get $1,000 quickly, don't pay for it? γ»γ»γ»γ»γ»γ»γ»" Situ Nan said, nodding his fingers.
Robles was not happy when he heard this, and retorted: "Damn Stone, you still dare to settle accounts with me, you live with me now, eat me, play with me, I don't count these with you?" β
"You can't say that! I am willing to gamble and lose, and I must be a good person! $1,000 is not a decimal, you can buy a beautiful piece of jewelry and play Broadway girls! Situ Nan looked at Robles's tight appearance and said with a smile.
"I'll push your lungs! I was even more angry when I said this. Last time you were leaving, you stole a gold necklace from me, remember? That's my pickling equipment! Do you think you still have humanity? Robles almost burst into tears to denounce Situ Nan's injustice!
Now the problem has risen to the height of human nature!
Well, it's a bit strict!
"Of course there is human nature, but it's hard to say when you meet the opposite sex!" Situ Nan wanted to add a sentenceγ»γ»γ»γ»γ»γ»
At this time, there was a burst of "Dididi" outside, and Situ Nan looked up and saw a car driving in.
After the car stopped, Francis stepped down.
"Mr. Francis, it's finally been you." Situ Nan greeted him, "This is my good friend Robles, the president of Robles Securities. This is Mr. Francis, an entrepreneur from San Francisco, who runs a large shipyard and wine business in California. Situ Nan introduced.
"Hello!"
"Hello!"
After a pleasant exchange, the three of them sat in the living room and chatted.
After repeating topics like unnutritious weather, Francis said, "Stoney, we talked on the boat, we talked about cooperation, remember!" β
"Yes, it looks like there's some good news for Mr. Francis today, right?" South Szeto Road.
Francis nodded, "After fighting, our Francis Shipyard finally got an order for a battleship from the Admiralty, in addition to this, there is also an order for 10 destroyers, so the expansion of the shipyard is imperative, and I came today to implement our previous cooperation intention." β
Francis looked at Situ Nan, the excitement in his heart jumped on his face, for this matter, he worked up and down Washington, and it took a lot of effort.
"Oh! That's great. Situ Nan didn't expect that the fat boy in front of him could really pull such a big order from the Admiralty, the orders of the US Navy are generally handed over to the shipyards in Boston, New York, Philadelphia, Baltimore, Gosport and other major cities in the east in the northeast, and the shipyards in the west and south can generally only eat the scraps behind the butt of the eastern shipyards.
This Francis's fat man is so energetic, Situ Nan has to reevaluate this somewhat grinning Francis.
"As we originally agreed, will Francis Shipyard and Bock Steel exchange shares, and Francis Shipyard 25% for 10% Bock Steel?" Situ Nan asked, with a faint expression on his face, not very eager.
"I used to think so, but things have changed, and in order to cope with such a large order, our shipyard needs more cash to get started, so I want you to provide more cash instead of a stake in the steel mill. I've calculated that a 25% stake in Francis Shipyard would be worth $9.5 million in cash, and once the shipyard starts construction, we're under a lot of financial pressure, so I'd like you to provide more money. There shouldn't be anything wrong with this small change, right? β
Francis said.
"Cash, cash again!" Situ Nan was a little crazy, where could he get such a large amount of cash now? I have just made a one-time payment of $50 million to meet the British, and I owe a lot of money to the bank.
Now most of the industries in Situ Nan's hands have expanded violently, and the stalls are spread out widely, especially the Western Petroleum Company and the Boke Iron and Steel Company are like a black hole, and no amount of money is invested in them, if it were not stimulated by the war, the momentum of the development of these industries is good, and he can borrow a lot of money from the bank, and Situ Nan will not be able to raise so much money if he sells himself.
Situ Nan's companies have always been facing huge financial pressure, which is also very related to Situ Nan's decision, none of his companies are listed, and the financing channel is bank loans in addition to the funds he raised in the stock market. But it is impossible for banks to lend indefinitely, so it is far from enough for Situ Nan to supply blood to his large industry by himself.
Now that Francis wants him to come up with such a large sum of money, Situ Nan really has a headache, looking at what Francis means, if he can't get so much money this time, maybe this cooperation will be yellow.
This was unacceptable to Situ Nan, who wanted to tear off a piece of meat from the shipyard anyway.
Francis looked at Situ Nan's frowning face, feeling that things were not as simple as he imagined, and thought to himself that if Situ Nan couldn't raise cash, he would have to go to the greedy bankers in New York to cooperate.
"Can't you get a loan from the bank when you get such a large order? Does it have to be that much cash? Situ Nan asked unrelentingly.
Francis shook his head and said, "Bank loans can indeed solve part of the funds, but the most scarce starting capital now, the shipyard in the future is like a bottomless pit, and it needs a lot of money, not to mention battleships, but those ten Weeks-class destroyers are enough for us to be busy." Francis said with a wry smile. He didn't expect to get such a big order all at once.
Before the task was completed, the Admiralty's appropriation was only a drop in the bucket, and the idea of starting the construction of those 10 destroyers and expanding the dockyard at the same time to the 50,000-ton dockyard project would not work without sufficient funds.
The Battle of Jutland has already shown that whoever has more ships and heavier tonnage will achieve the final victory.
The war in Europe beats the nerves of the Americans, the Great White Fleet of the United States has completely lagged behind, so it is imperative for the US Navy to build ships, this is a good opportunity for the great expansion of the Francis Shipyard, no matter what, we must seize this opportunity, thinking of this, Francis's heart is like a heat, no matter how difficult it is, he must persevere.
"Alright! I will do my best to raise this money, and I hope we have a good time working together. Situ Nan thought about it for a while, but finally he was reluctant to see a big business slip away from him.
However, he also realized that his industry needed to change, and now that the military industry was booming, he was really sorry to have so many resources in his hands if he didn't make money from the stock market.
Take Occidental Petroleum as an example, such an oil giant has always relied on Situ Nan's funds to develop and grow, and it is very rare in the United States that it has not been listed.
This is also related to the fact that the rise of Western Petroleum Company is too short, since his birth, it has been constantly expanding, one project after another, plus Situ Nan provides funds, and there is no need to make money from the stock market for a while, so so far, he has not been listed.
Of course, Situ Nan is also taboo like Standard Oil and other giants, before Occidental Petroleum has not grown enough muscles, once it is listed, it is easy to be manipulated by those giants, in order to prevent it from happening, Situ Nan ignored the company's listing from the beginning.
But now the situation has changed a little, as the industry under his hands is getting bigger and bigger, the profits of the company and the funds provided by Situ Nan can no longer keep up with the speed of the company's crazy expansion, so it is imperative to go public.
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