Chapter 41 IPO
"That's the acquisition of CEO city."
Unlike Riot Games, which suddenly emerged, CEOcity was founded in 1995 and is divided into sections by region.
There are six of them, namely the Colosseum, Hollywood, Rodeo Street, Sunset Boulevard, Wall Street, and Western Hollywood.
Users can set up their own homepages in different regions, and later CEOcity has added new regions, including Silicon Valley, Capitol Hill, Paris, and many more.
You can think of CEOcity as a combination of virtual real estate, QQ space and Sina blog.
In 1997, CEOcity had more than a million profiles.
Abel showed a stunned expression: "CEOcity?
CEOcity is more expensive than Riot Games. ”
At this time, CEOcity was the most visited website in the world after Yahoo and Ameriken Online, and after going public in '98, the stock price per share soared from $17 to more than $100.
Yang Zhiyuan nodded and said, "I understand that only the acquisition of CEO city can reverse Yahoo's image."
We remain the most successful Internet company, showing Yahoo's strength through mergers and acquisitions, and at the same time getting Yahoo's image out of this negative event quickly.
We need bigger news to cover the previous news.
So we need to raise funds by issuing additional shares to buy CEOcity, or Riot Games. ”
In fact, this was the time of the Internet bubble, and CEOcity had a net loss of $8 million in the first quarter of 1998, which belonged to Internet companies that had users but did not find a profit model.
Of course, the vast majority of NASDAQ Internet companies are not profitable.
"Abel, I need your support."
......
With the help of the battle with Yahoo, Riot Games has made the Riot community known to users around the world, and Zhou Xin knew that the time was ripe.
So I began to contact the heads of major investment banks.
He doesn't mind taking Riot Games to market.
For him, before the dot-com bubble bursts, putting Riot Games on the market is undoubtedly the maximization of short-term benefits.
Even if Zhou Xin has the confidence to run Riot Games into Steam, he will not focus all his energy on it. If you miss this window and get a high price again, you will have to wait until around 2005.
The Internet is just a way to grab capital, and the success of the Internet does not directly help to change the status quo of Huaguo's semiconductor industry.
"Newman, Goldman Sachs has a wealth of experience in IPO fundraising, and it's not an exaggeration to say that we have the most extensive experience in IPO fundraising in the whole of Ameriken.
More than half of the IPO proceeds raised in the whole of last year were contracted by Goldman Sachs.
Even in last year's year, which had the largest number of IPO postponements, Goldman Sachs had fewer than 20 of the more than 192 postponements.
No matter from which point of view, we are a better choice than Morgan and Merrill Lynch. ”
Jerry Carl was excited when Zhou Xin contacted him through Bill Gates.
Goldman Sachs has a very clear internal evaluation and analysis of Riot Games, and all analysts believe that it is an excellent company, and it is the most promising company among the unlisted companies in the entire Internet industry.
It is also a cake coveted by the entire capital market.
Especially after the Yahoo vs. Riot battle, they further considered Riot to be a unique unicorn.
Brands have been established, and a large number of video games from the past have begun to be published through Riot Games, and profitability is evident.
Zhou Xin just made a phone call with him, and Jerry Carr flew directly from New York to San Francisco to meet Zhou Xin.
Goldman Sachs has many vice presidents, and vice presidents are just a name, and there is a long way to go from the real power within Goldman Sachs.
To put it simply, Goldman Sachs currently has hundreds of vice presidents, but the management board is only nine.
In other words, in addition to the CEO, only by entering the management committee can it be said that it is really squeezed into the management of Goldman Sachs.
Jerry Carr, a senior vice president at Goldman Sachs, is close to joining the board of management, and Riot Games' IPO contractor, if done well, can be the most effective proof of his competence.
When Zhou Xinyi heard this, he thought to himself that no matter the past or present, whether it is Wall Street or Shenhai's Lujiazui, the faces of these financial practitioners are similar.
Where the interests are, they are.
"But you're the most expensive, aren't you?"
Jerry Carr smiled happily, "Newman, what you say is an endorsement of Goldman Sachs."
Quality service naturally requires an expensive price.
Last year, Americ Ken made a total of 396 IPOs, raising a total of $5 billion.
Goldman Sachs has only intervened in 26 of them.
But the average 127 percent increase in the IPOs in which Goldman Sachs participated.
Goldman Sachs was the best-performing broker in Ameriken's IPO program throughout last year, far outpacing other IPO contractors.
The excellent performance of Goldman Sachs' IPO project also means that more and more funds will trust Goldman Sachs and are willing to participate in Goldman Sachs' IPO project.
For example, Merrill Lynch came to do this IPO project, and they could only value Riot Games at $2 billion.
But Goldman Sachs was able to make $3 billion, and there was no shortage of investors to participate in the fundraising.
And recently, Federal Reserve Chairman Alan Greenspan has just announced that he will raise interest rates on the 15th of this month, and the entire capital market will have a credit and capital tightening.
Interest rate cuts will have a direct impact on IPOs, and Goldman Sachs is definitely your best bet. ”
Jerry Carr is confident in Goldman Sachs.
Zhou Xin's first reaction after listening to it was that purely from the perspective of IPO contractors, Goldman Sachs is indeed the best choice.
"How long will it take?"
"6-9 months, no more than 9 months.
With Riot Games' qualifications, you don't have to worry about rejection at all.
At most, the review time is longer.
In addition, I need to remind you that it is also a problem that many Chinese who have just come to Americon may encounter, and if you don't pay attention to this, it will bring you a lot of trouble in the future.
It even affected our IPO process.
That's paying taxes.
Ameriken's tax payment needs to be declared by yourself, you must find a special accounting firm to help you deal with tax matters, and you must not have a fluke mentality.
Although you pay a lot, if you don't pay, you will definitely suffer greater losses. ”
These are the words of Jerry Carr, who works on Wall Street and does not see foreigners who do not pay taxes after making money from investments, facing the consequences of jail time and fines.
In particular, if a Chinese company with a valuation of more than $1 billion is arrested for tax issues, it is difficult to say what will happen when you come out.
Zhou Xin suddenly knew that Ameriken was extremely strict in the management of tax payment, and he had also paid taxes according to the requirements before, but after he reached his net worth, he really needed a professional organization to help him deal with tax matters.
Because professionals can help you sort out a set of plans for the least amount of tax.