Chapter 496: Pre-IPO pomp

Since the New York Giants, after the game with Boston's New England Patriots.

On the surface, New York is as prosperous and stable as ever.

Secretly, there is a terrible wave, which is already churning and surging.

With the great power of the torrent of time, but she doesn't care about the dust turmoil of these mundane things, she goes forward as always.

June 20, 2002 arrived.

This day happens to be the first week after the release of Pixar's latest animated film "The Incredibles".

It is also the first work released by Pixar after becoming a subsidiary of Smith Media.

"The Incredibles" was released for a week and grossed $180 million.

Compared with Pixar's previous works, "The Incredibles" can be described as an outlier.

First of all, the protagonists of previous Pixar movies were all non-humans, such as toys, insects, monsters, and small fish.

The protagonist of "The Incredibles" is human.

What's more, unlike Pixar's previous films, "The Incredibles" is no longer aimed at just children, but also adults.

Some experts explained that this was also Pixar's helpless move.

Because after becoming a subsidiary of Smith Media, it can no longer continue to shoot its once famous IPs, such as "Toy Story" and the like.

Those IPs are all works that used to be a cooperation between Pixar and Disney, and the two sides shared the copyright.

Today, Pixar is a subsidiary of Smith Media.

Disney doesn't allow it, and Pixar can't shoot them.

For this reason, Pixar can only create new IPs for new bosses, and new series of animated films that can make money.

"The Incredibles" is such a genre, and it seems to be very successful so far.

This animated film has become a sensation in the film market, word-of-mouth is rapidly fermenting, and the tide of movie-watching is being staged all over the United States.

Hasbro Toys became one of the most direct beneficiaries of the film.

The largest toy company in the United States, if not the world.

It has been acquired by Smith Media at the beginning of this year for about $2 billion.

For this reason, Harvey Weinstein, who has been known as the "Smith Hound" in Hollywood, has been busy for more than half a year.

After becoming a subsidiary of Smith Media, Hasbro's stores have added a series of IPs belonging to Smith Media.

Like the Marvel series, the Dark Horse series, and so on.

The box office explosion of "The Incredibles" has made the traffic of Hasbro stores higher day by day, and the huge enthusiasm of Americans has indirectly converted into increased revenue.

The revenues of these subsidiaries are converted into an increase in the share price of Smith Media, which is about to go public.

The time has come for Smith Media to go public.

The day is Monday.

Today is Smiths Media's last press conference before going public.

The IPO issue price of Smith Media will be officially determined, and it will be listed on the New York Stock Exchange tomorrow to officially start trading.

This day, before the press conference begins.

has made a name for himself in Hollywood.

It was called "Hollywood's sweetheart chocolate" by the American media.

Or to be bolder, it's Jessica Alba from "Smith's Sweetheart Chocolate."

At the moment, she is in the living room of her mansion at 357 West 17th Street in Lower Manhattan, New York, feeding the cats.

This is a 6-storey, 5-bedroom, 12.5-bathroom townhouse.

The interior area is 11,000 square feet and is located on Chelsea Street in Manhattan.

Jessica, who is on vacation, enjoys this leisurely and luxurious life, even if she frequently tells Abel to be more diligent and thrifty, not to be extravagant and wasteful at home, she is willing to do all the housework herself.

In the house, a large number of servants were hired, all of whom were the most professional domestic workers in the world.

Their monthly salary alone adds up to almost $150,000.

At the same time, even if she was filming, she was not here in New York.

Manhattan's Fifth Avenue and Seventh Avenue, where a dazzling array of luxury brand stores, still send a large number of their new products to this house every month.

There are also chefs from Michelin-starred hotels who are always on hand to serve her.

When she goes out to film, or has business activities.

The best security companies in the world will provide her with security services for at least 5 people.

said that it was unnecessary, but in fact, she could say that she had no immunity to these pomp and circumstance, and was dependent on them.

She also wants the pomp and circumstance to be bigger.

With the TV on, Jessica, who was petting the cat, had a thick prospectus of 127 pages.

The cover was 'Smith Media Group IPO Prospectus', and she watched it with fascination.

It's nine o'clock in the morning, and AMC Bloomberg TV is broadcasting the financial column "American Finance", and the picture is fixed on Smith Media spokesman Derek Wright.

Mr. Ritter now wears two hats, as president of CAA and as one of the spokespersons for Smith Media.

As the first company to be acquired by Abel Smith, CAA has once again become the world's No. 1 brokerage firm.

And it has successfully opened up several other markets outside of the entertainment industry.

For example, in terms of making money, commercial sports that are not lost to the entertainment industry at all, as well as high-end and high-grade art agents.

Although it has not yet been listed, the current CAA is undoubtedly stronger than in the past.

Television footage of Ridrick Wright is broadcasting live an explanation of the IPO of Smith Media:

"Smith Media Group, the total issuance of shares is 1 billion shares, and the total share capital of this issuance accounts for 20% of the pre-IPO share capital.

The maximum issue price is: $55 per share,

Stock Code:

Approximately 30% of the proceeds will be used for mergers and acquisitions, 60% for overseas group expansion, and 10% for working capital and general corporate purposes. ”

At the current stock offering price, Smith Media's market capitalization is a staggering $55 billion.

The original net worth was about $35 billion, so the employees and investors who currently hold the original shares of Smith Media can increase the value of the shares in their hands by at least 75%.

Tomorrow, Smith Media will officially land on the New York Stock Exchange, and the stock price trend will be crazy optimistic about the whole United States at present.

Jessica hasn't been studying the stock market for long, well, she hasn't.

Now she has someone to help her handle everything properly, she can have whatever she wants, and she is the most expensive and the best.

Even when there is a physiological need, as long as you take a plane to find Abel, you can be fiercely satisfied to the extent that you can eat it.

She lacks nothing but love.

And love is such a thing, in her precocious opinion, it is just a manifestation of hormonal changes in humans and animals.

Love is coming, and it is the crazy secretion of dopamine and other hormones

When you are tired and don't love, it is because the ability to secrete hormones such as dopamine has faded.

She lacks nothing, and her only remaining hobby is acting, and that feeling of being in the limelight.

She is not a top student like Anne Hathaway.

She has little interest in learning things, and she lacks financial knowledge, so she can't predict the stock price trading after Smith Media goes public.

But Jessica believes that she will not suffer the embarrassment of breaking on the day of the listing.

You must know that for several months, the listing of Smith Media has been wildly hyped.

There are some irresponsible tabloids that even clamore for a minimum market value of more than $200 billion.

And what do you say, "The company with Smith is so valuable".

In March this year, Asbury Motors was listed on the New York Stock Exchange with an issue price of $16.5, and they broke directly on the day of listing, their opening price was $15.95, down 3.12%, and the closing price was $15.79, down 3.84% in a single day.

There are many reasons for the breakage, mainly because the stock is priced to deviate from the company's normal profitability level, forcibly pushing up the issue price, so the market gives a pessimistic trend, and there is the choice of listing in the bear market, the imbalance between supply and demand, and the drag down by the market.

Smith Media does not have the bad factors of breaking, the New York Stock Exchange has established an IPO inquiry system, and on May 20, Smith Media has issued an application version of the prospectus.

The roadshow lasted for nearly a month and has been promoting Smith Media shares to investment institutions around the world, attracting 376,000 retail investors to queue up to subscribe in New York alone.

The share capital of the offering is 20%, and the pricing range is $50 to $55.

In view of the high enthusiasm of investors, the number of underwriters was originally four, which was later increased to nine, and finally determined to be 11.

The subscription of new shares exceeded the quota by more than 30 times, and the market gave Smith Media full confidence.

Movies are notoriously high-risk industries, and Wall Street financial institutions have even excluded film companies from their lending lists.

But Smith Media is a conglomerate, and in addition to film companies, there are television stations, toy companies, modeling companies, newspaper companies, publishing companies, and even commercial sports companies.

Its profit direction and ability to make profits are very broad and strong.

It is a media brand that has a huge reputation all over the world.

Movies are just one of its many businesses, and this kind of pan-entertainment diversification has directly dispelled investors' concerns.

More importantly, Smith Media also has two golden signboards that are most recognized by investors around the world - Smith.

The other is Warren Buffett.

The little-known Tesla car, just because of the names of these two people, the valuation has ballooned to an exaggerated degree.

Although it has to do with its industry, it is a high-tech concept after all.

But without the value of Smith and Warren Buffett, it would be worth more than a billion dollars at most.

And Smith Media, even has Smith in its name, so it can be said that gold can't be golden.

What's more, the old man Buffett is also one of the shareholders.

As the tabloids say, the word "Smith" is worth at least $20 billion.

The financial market, whether it is stocks, futures or foreign exchange, in the final analysis, is essentially playing with confidence.

Warren Buffett and Smith can give confidence to investors.

Then what they approve of is so valuable.

In fact, even Smith Media is not listed in the name of Abel.

Investors are likely to favor it.

Take a casual look at the financial statements of Smith Media's various projects and sectors.

Since the middle of last year, there has been no word for loss at all, except for investment, and almost all businesses have been profitable.

In terms of movies, "Spider-Man", "King Haibian", "The Incredibles", etc., with a global box office of nearly $5 billion, has begun to touch the throne of the world's No. 1 film company.

In terms of television stations, the AMC television network is now the fifth largest television network in the United States outside of News Corp.

The TV series, reality shows, variety shows, and talk shows produced by the company have all received amazing ratings. On the various sub-lists of the national ratings rankings, AMC TV network is crazy on the list.

In terms of newspapers, Smith Media has also become one of the top five newspaper groups in the United States, and the performance of publishing companies is also excellent.

In terms of toys and peripherals, even giants like Hasbro have been acquired and swallowed up, and no one can stop Smith from moving forward in this field.

In terms of commercial sports, Smith Sports is now also a subsidiary of Smith Media, a commercial sports giant involving football, basketball, baseball, rugby, F1 and more.

Not to mention that there is also a back garden of Yin Lizabeth.

Yin Sha's latest market capitalization valuation has almost exceeded $10 billion.

It's a bit of a fiction, but it's also a subsidiary of Smith Media.

Even if you don't consider the golden sign of Abel Smith.

There is no doubt that Smith Media is also a sweet spot in listed companies, it has too many places to fantasize about and worth circles, and its future looks not bright, but brilliant.

Jessica read the prospectus and her eyes fell on the list of shareholders at the end.

She couldn't help but calculate how much value Smith Media could bring to Abel after it went public

And her own private money.

Abel gave her a black card, after he became the owner of American Express.

The black card she has in her hand now can be easily swiped even by private jet......

But that's not her money, she has less than $100 million in savings.

These deposits are all her salary.

But counting her stake in Smith Media, she is definitely a billionaire.

Yes, she has a stake in Smith Media.

In fact, it's her, Anne Hathaway, and even Liv Taylor, Scarlett, and Nicole Kidman.

Compared to the management who need to take out the money to buy the original shares, they get these shares without even spending money on them.

However, there is a conditional restriction that they are not the actual owners of these shares.

The owners of these shares, who have long been signed in contracts and deeds, are their future and Abel's children......

But before the children grow up and reach the age of 18.

They will always be able to enjoy the dividends and all the rights that come with these shares.

At this moment, Jessica looked at the prospectus, and the list of shareholders showed:

Smith Media's total share capital is 1 billion shares.

The major shareholder is Abel Smith, with a shareholding ratio of 65.24% and a shareholding of 652.4 million shares.

At $55 per share, Smith Media's IPO could bring Abel $35.8 billion.

That number alone was enough to put him in third place on the list of the world's richest people last year.

The second place is Bill Gates, who is more than 60 billion dollars, and it goes without saying who is the first place.

Jessica holds a 1% stake worth $550 million.

She looked at Anne and Charlize again, and Anne held about the same amount of shares as hers.

But Charlize is different, the woman holds 1.8% of the shares, a total of 18 million shares, worth $944 million.

Is this the difference between having children and not having children?

Jessica was depressed to think about this, but she was also glad that Anne was just like herself.

In fact, it wasn't her and Anne who didn't want to give Abel a child yet.

Last year, the two even went to Europe in person, just to work hard.

But as a result, they accepted so many seeds, but their stomachs were still indifferent.

Later, Jessica couldn't bear it anymore and went to the hospital for an examination.

The result of the examination was that there was a little problem with her body, and she had a little hereditary ovarian syndrome.

This disease is innate, and 10% of women will have it, some severe and some mild.

It's mild, but it will make it harder for a woman to conceive. Seriously, it will even make women unable to have children.

Jessica is medium and needs treatment, but not much of a problem.

Later, she also heard that Anne also went for a check-up, and there was no problem with her body at all.

The reason why she is not pregnant is that Anne didn't want to have a baby so early at first, and she was taking medicine. The next thing is really a matter of probability.

Jessica continued to watch.

The second largest shareholder of Smith Media was originally Warren Buffett. The old man accounted for 4.46% of the shares, with a total of 44.6 million shares and a value of $2.612 billion.

However, Bloomberg's Bloomberg took a stake in Bloomberg's TV station, accounting for 4.87% of the shares, squeezing Buffett down.

Behind them are a whole bunch of Wall Street giants.

Like Goldman Sachs, Merrill Lynch, Bear Stearns, Lehman Brothers, Morgen Chase, etc., there are dozens of them.

However, the shareholding ratio is mostly low, and the highest is 1.5%, which is less than Charlize Theron.

Since Smith Media started the roadshow, the capital institutions in the United States and Europe have been extremely fierce.

Wall Street, in particular, is eager to buy out all of the equity capital issued by Smith Media.

However, the proportion of the public offering is only 20%, and they can only increase their controlling stake.

The capital chase is quite active, and when Smith Media is officially listed, the shareholding structure will definitely continue to be replaced.

Excludes large investors and institutions.

At present, the number of shareholders of Smith Media has exceeded 2,000.

Among them, the original shareholders of the companies that Smith Media annexed and acquired along the way accounted for more than half, such as Don Graham of the Washington Post.

At the time of the acquisition, these people didn't want cash, they just wanted to exchange shares for shares.

In order to grow, Smith Media swapped out many stocks.

Including Bloomberg, in fact, it is this model.

Not counting the big ones like Don Graham and Bloomberg, the slightly smaller retail investors combined for about 11 percent.

More than 100 people hold the shares within Smith Media, with a 5% stake.

Jessica took a look at the 5% of shareholders in particular.

There are more than a dozen executives who are expected to become billionaires, all of whom are executives, who together hold 3% of the shares.

There are more than 30 elites who can become multimillionaires, most of whom are middle and senior managers of the company, who together hold 1% of the shares.

As for millionaires, as long as they hold shares, they can be mixed up.

Based on the issue price, 1% of Smith Media's shares are $550 million, which is enough to give birth to 550 millionaires on average.

It is now shared by more than 80 people, each with more than $6 million.

If it is listed, the price can increase by more than 40%.

Even these people can become multimillionaires.

Therefore, many people say that the listing of Smith Media is essentially a wealth-making operation.

If the stock price of Smith Media continues to climb in the future, the wealth of these shareholders will continue to rise like a snowball.

Jessica read the prospectus in detail, and it was already noon.

Her butler had just asked the Michelin-starred chef to prepare lunch.

Abel took Anne and suddenly arrived at 357 West 17th Street in Lower Manhattan, New York.

That is, Jessica's residence.

When Jessica greeted her with joy and wanted to show her affection to Abel Sa in front of Anne.

She saw Anne Hathaway, triumphantly waving at her an A4 piece of paper full of pictures and text, which looked like a checklist.

Before Jessica could see clearly, she heard her biggest competitor in the past, triumphantly boasting to her:

"Hey, Jessica. Look at this, see? I'm pregnant, almost two weeks old! Hey! By this time next year, I'll be a mom! Oh my God, I'm not even 20 years old, and I'm going to be a mom. It's incredible, and it's wonderful to think about! ”

Anne spoke a long call, and Jessica's head buzzed.

Now she wanted to step forward and slap Anne Hathaway's triumphant face.

It's infuriating!