Chapter 704 [Open the Large-scale Cash-out Mode]
June Yin Shi.
ICQ finally went public on the NASDAQ at a valuation of $4 billion, sold 25% of its public shares, and raised $1 billion in cash. On the first day after listing, the market value climbed to $5.28 billion, which is very hot.
The reason why it is so sought after is that ICQ has developed extremely large in the hands of Netflix software, and has formed a dominant situation in the instant messaging software market in many countries.
As for the instant messaging software MSN and IM developed by Microsoft and AOL, they are not at all comparable to ICQ.
Through this incident, Lin Zuhui understands that if he goes to an Internet company, he will be ahead of similar products in almost many fields; Of course, he prefers to be an investor and then point the way.
The reason why ICQ was developed was because it was intended to be sold for hundreds of millions of dollars at the beginning; Later, considering the development of Xiangjiang's Internet industry, it has been developed in its hands.
In fact, after the development of ICQ in the United States, it was immediately replaced by a team of professional managers, and Lin Zuhui just gave some "very useful advice" behind the scenes.
California.
When Lin Zuhui came to the ICQ headquarters, he did not attend the ICQ listing bell ringing ceremony, and even Liu Songcheng, president of Netflix Software, did not attend; ICQ's listing was carried out by a team of professional managers, the George team.
Of course, Netflix is still in control of the ICQ board, after all, it holds 75% of the shares.
The reason why ICQ has raised so much ($1 billion) and can still maintain 75% of the equity is that Netflix has been using its own cash to develop ICQ in the early stage, which is very different from some start-up Internet companies, but similar to early Internet giants such as Microsoft and AOL.
In the office, Lin Zuhui, Liu Songcheng, and George are talking, and Lin Zuhui will not hold a board meeting, because although George is in charge of ICQ, he also understands that Lin Zuhui can remove his team through the board of directors at any time.
After all, the president of ICQ in the early stage was replaced by Lin Zuhui because of his lack of international vision.
Since these professional managers are obedient, there is naturally no need for Lin Zuhui to convene a board meeting, because he intends to influence Netflix and himself in ICQ.
George said happily: "ICQ's stock price is very bullish on investors, and the market value has risen to $7 billion in a week, and it seems that it is not impossible to exceed $10 billion by the end of the year."
He admires Lin Zuhui very much, because this boss is very important to the development of ICQ, and he is present in many functions and layouts; Today, ICQ has become an indispensable software for work, social and entertainment, and more than 70 million users around the world prove that its future is limitless.
At work: free mailbox, offline messaging and file transfer, ICQ group, and other features make ICQ an important office software.
Social: Personalized avatars, fonts, expressions, chat rooms, offline addition of friends, etc., have become indispensable software for online social networking.
Entertainment: ICQ hierarchy, membership system, and ICQ games (Lianzhong chess and cards) have also become the signature functions of new users.
In fact, the ICQ is already equivalent to what it was three years later.
In the previous life, it was not that Europeans and Americans did not like to use QQ and prestige, but that they did not fix the habits of these Westerners at the beginning; Brother Xiaoma's level is absolutely top in the world, otherwise it would not be dominant in China, and even Max later said that he would plagiarize his prestige.
The reason why QQ and Weixin can't go out of China is because they are plagiarists, and Europe and the United States have become accustomed to the previous software, so it is naturally difficult to accept new software. Of course, the culture of differentiation also has some influence, and the times also have a great influence.
And the ICQ itself in this life is one or two years ahead of Microsoft MSN and AOL IM, and in terms of layout and function, it is suitable for the habits and goodwill of Westerners, so it can naturally crush other instant messaging. Especially when the "membership system", "ICQ game", "server terminal" and so on appeared, it quickly opened up a bigger gap between everyone.
Lin Zuhui is very town
"The funds raised by ICQ's IPO cannot be used for acquisitions, but only for the company's operations and technology development," he said.
George was stunned for a moment, and then said, "ICQ can actually be acquired with shares, if it can make the company grow faster!"
Lin Zuhui said seriously: "Now the Internet valuation in the United States has produced a big bubble, just like the Japanese real estate and stock market in the 90s; So, $1 billion on the company's books could be our operating expenses for the next two or three years. As for the stock acquisition you mentioned, there is actually no area worth our investment, it is better to develop ICQ users as a target. For example, our ICQ game aims to become the largest Lianzhong game hall in the United States, and use ICQ games to reverse ICQ, so as to introduce more middle-aged people to sign up for ICQ, and diversify the age of ICE users."
Acquisition is the favorite company of American Internet listed companies, and through mergers and acquisitions, it quickly expands itself.
[In view of the general environment,
But ICQ doesn't need it, it just needs to get more people to sign up, and let the company grow with the growth of users.
George immediately said: "What the BOSS said is very reasonable, instead of blindly expanding, it is better to maintain our instant monopoly position steadily."
At this time, ICQ has a lot of functions, and Lin Zuhui will hardly contribute any more opinions; Of course, in two years, we may be able to set up a Twitter subsidiary.
........
The next day, Lin Zuhui came to the headquarters of Hengjin Investment in New York.
The old retainer "Old George" walked in with a suitcase, and the vice president Wu Guoming came together, who was also an old retainer; George placed the suitcase on Lin Zuhui's desk and opened it, revealing a stack of materials.
"Boss, the investment details of Hengjin Investment are all here. Normally, this information is distributed in three headquarters around the world, and only President Wu and I know all the information, and the rest of the investment managers only know the part they are responsible for."
Lin Zuhui nodded, and then motioned for the two to sit, while he took out the information and quickly reviewed it.
In fact, he has always kept the situation of Hengjin investment firmly in mind, because he has a very good memory, so some channels that are scattered very little can be remembered clearly.
George and Wu Guoming waited quietly on the sofa, in fact, they were still shocked and worshiped in their hearts, even if they always knew the specific situation of Hengjin Investment, but today they still hold that mentality, because the boss's investment is too superb, if Buffett is the god of stocks, then the boss is Zeus.
Lin Zuhui looked at it, and the pen was roughly recorded on the paper, and he would arrange the cash-out later.
Holding 2% of Microsoft (during the period there is dilution and increased holdings after dividends), the current market value is more than 400 billion US dollars, and it is expected to be more than 600 billion US dollars by the end of the year, Lin Zuhui intends to cash out in nine months, and it is expected to return 11 billion US dollars;
Holding 2% of Cisco, the current market value is about $300 billion, and it is expected to be $500 billion in March next year, and it is expected to cash out about $8 billion.
Holding 2% of Oracle, the current market value is 135 billion, and it is expected to be $200 billion before the bubble crisis, and $3 billion can be cashed out.
Holding 2% of Intel, the current market value is more than 320 billion, and it is expected to be $450 billion before the bubble crisis, and $8 billion can be cashed out.
Holding 2% of Dell Computer, the current market value is 120 billion, and it is expected to be $150 billion before the bubble crisis, and $2.5 billion can be cashed out.
Owning IBM, Harley-Davidson motorcycles, etc., these stocks have risen more than tenfold;
Like Intel, Oracle, Cisco, Dell Computer, Microsoft, etc., have risen dozens of times.
A sum of accounts was written down on paper, and Lin Zuhui's mood began to get excited, there were really a lot of people who grabbed money.
Rough estimates, about 42 billion US dollars, almost 320 billion Hong Kong dollars, here is only Hengjin investment. There are also Jingwei Capital and New Era Group in the back, as for the investment of family offices, this time I will not do T, and I will keep it for 2008 to do T.
Long
Lin Zuhui said: "For the projects invested by Hengjin, only Starbucks and Nike (another 3% were bought), and all the remaining holdings were cashed out in nine months. You have to keep in mind that you have to cash out about an average of one day, and then you can cash it out. In terms of funding, 50% went to Hong Kong, 25% to Switzerland and 25% to the United States."
George and Wu Guoming nodded seriously, they knew the boss's worries, after all, making so much money from the United States, even if it was legal, it would inevitably be envied. Plus, the boss needs to hide his wealth, so be extra careful.
In their opinion, in nine months, there will be no problem in cashing out 300~40 billion US dollars; On average, about $4 billion is cashed out every month.
The market capitalization of the U.S. stock market is currently about $12 trillion, and it is not impossible to rise to $15 trillion this year, so cashing out about 0.3% of the stock market in nine months still has little impact.
The key factor in this is the boss's strategy and sense of the general trend.
After all, the Internet has risen so much in recent years, and 99% of people have probably stopped in advance after making a little money, and the people in front of them have made money, and they have rushed in.
"Don't worry, boss, we'll get the job done." George said confidently.
We have been working together for 10 years and have built a lot of trust.
To tell the truth, Europeans and Americans are more suitable to be housekeepers and retainers, but they know how to "serve a master for life", provided that the remuneration is high enough. Undoubtedly, George's annual salary is as high as 5 million US dollars, plus various subsidies and benefits, with his financial ability and level, the salary level on Wall Street is 100~2 million.
But what Lin Zuhui needs is loyalty, followed by ability. And this loyalty is high welfare and long-term relationships.
In fact, Lin Zuhui also discovered one thing, after his management followed him, almost no one changed jobs; He wondered if his charm could attract men in addition to women.
I don't know, people and media who say that Lin Zuhui has a great personality charm abound, and he believes it.
After the two left, Lin Zuhui was obviously thinking.
Hengjin Investment actually has a scale of 400 billion yuan, because it also injected 9 billion US dollars into the Bank of Bahrain to set up two special investment funds, plus Nike, Starbucks, etc., it is almost 80 billion Hong Kong dollars; plus the 320 billion expected to be cashed out in nine months, it is exactly about 400 billion Hong Kong dollars.
No, there was also the sniping international speculators at the beginning, spending 20 billion Hong Kong dollars to buy Xiangjiang blue chip stocks, and now it has become more than 30 billion.
It seems that Lin Zuhui has become a little numb to his wealth!
........
Two days later, he came to the U.S. headquarters of Matrix Capital.
In the office, there are only two people, Lin Zuhui and Lu Bingwen, although Jingwei Capital still has many high-level American executives, but they are not the core, they are only responsible for investment and other affairs, and do not grasp the core information and power.
"In the United States, except for Apple, Amazon, Kingston (unlisted), and Google, these four companies do not consider cashing out, and the rest of the investments, except for those that are not listed, must all be cashed out." Lin Zuhui said.
Why didn't Apple and Amazon cash out, because Lin Zuhui was its director and didn't want to be too troublesome;
If Apple can rise to $15 billion, Lin Zuhui will reduce some of it, and then let his women buy about 2% (combined), and maintain it at 5% for himself.
Amazon Internet will definitely be greatly diluted in the later stage, Lin Zuhui simply does not consider reducing his holdings, and it will be maintained at 5~6% in the future.
The shares of these four companies, Jingwei Capital, are worth about $8 billion (rough estimate).
Lu Bingwen said: "Our current shareholding in Yahoo is the largest asset, worth more than 6 billion, and Yahoo is still rising sharply, and it is very likely to exceed 100 billion this year. If we want to cash out, we have to make an announcement."
Lin Zuhui said: "Give you nine months, you have to cash out YA in batches
HOO, to minimize the impact."
After all, he has invested more than $20 billion in the United States (Hilton + Four Seasons Hotel + Ritz-Carlton + venture capital companies), and cashing out $10 billion is not a big deal.
The lowest impact is due to the consideration of not affecting the Yahoo stock price too much, after all, Jingwei Capital currently holds 10.1% of Yahoo shares.
Lu Bingwen nodded seriously and said, "No problem, there is plenty of time! What about other listed Internet companies that reduced their holdings within 9 months?"
"Yes, nine months, and keep the impact to a minimum."
"No problem, boss!"
Lin Zuhui calculated:
YAHOO CAN CASH OUT $9 BILLION, ONLINE CAN CASH OUT $1 BILLION (FROM NETSCAPE CONVERSION AOL STOCK), AND SOME INTERNET LISTED COMPANIES INVESTED BY INVESTMENT MANAGERS ARE EXPECTED TO GET MORE THAN $2 BILLION.
It is equivalent to that Jingwei Capital will cash out more than 12 billion US dollars before the bubble, close to 100 billion Hong Kong dollars.
Coupled with the non-cashable capital, the market value at the end of the year was probably more than 180 billion Hong Kong dollars.
Hengjin Investment and Jingwei Capital, with a total of more than 600 billion Hong Kong dollars in assets.
Thinking of this, Lin Zuhui's heart was already hot.
The capital of the family office is also more than 200 billion Hong Kong dollars, and Lin Zuhui's net worth is already 800 billion Hong Kong dollars for only three individual investment companies.
In fact, the women of the Lin family almost have a total wealth of nearly 100 billion; Wang Lingyin's Hengjin Real Estate has a property asset value of 670 billion Hong Kong dollars.
In other words, the media did not count Lin Zuhui's wealth of nearly one trillion Hong Kong dollars.
It's just heaven!