America’s Road To Wealth

Vol 2 Chapter 277: Little rabbit obediently get out of the way

Chapter 277 Little rabbit obediently get out of the way

"Already subscribed for $32.5 billion?"

120 Broadway, New York City. Four World Financial Center Tower in Manhattan.

In the Merrill Lynch headquarters on the 34th floor.

CEO David Komansky, heard the news brought back by Charlie.

The CEO who was almost ostracized by the black president couldn't believe it.

Charlie Shaf nodded and confirmed: "There is nothing wrong with the $32.5 billion. When David Mellon announced it, most of the executives of the big Wall Street companies were present. He should not lie in front of so many people."

After hearing this, David Komansky still couldn't believe it.

That's $50 billion, a single private equity fund of $50 billion!

It has not even been announced to the outside world, but it is only an internal subscription. Is it already so exaggerated?

Look at David Komansky still not convinced.

Charlie Scharf adds yet another intel.

"Berkshire Hathaway subscribed for $5 billion. PNC Financial Services Group also subscribed for $5 billion. Citibank also subscribed for $2 billion. Fidelity also subscribed for $2 billion. Wells Fargo also subscribed for $2 billion. .”

"Just these five companies, they subscribed to a private placement of 16 billion US dollars. Signed a preliminary letter of intent."

Charlie Schaff said: "So I think these data should be true."

Hearing the names of these companies, David Komansky had to agree with this matter.

The CEO of Merrill Lynch, said:

"Charlie, you should immediately contact David Mellon and say that Merrill Lynch is willing to subscribe for five...billion dollars."

"Understood." The soldiers were swift, and Charlie Schaff directly called David Mellon on the spot.

The phone has been unable to get through, and has been in a busy state.

After playing for almost ten minutes, Charlie played several times.

Finally got through to David.

"Hello, David. I'm Charlie, Charlie Schaff."

"Yes. I would like to ask about the seventh private placement of Smith Capital."

"What? Only $12 billion left?"

Charlie Schaff said in surprise, while looking at David Komansky.

The CEO naturally understands that Charlie Schaff refers to Smith Seventh Private Equity.

The amount that has been subscribed is only 12 billion US dollars.

An hour ago, the number was 17.5 billion.

In one hour, it will save 5.5 billion dollars.

David Komansky is also a decisive person.

Otherwise, when O'Neill was brought down, the black president would not have been brought to court immediately.

David Komansky immediately said softly:

"Subscribe, subscribe, subscribe. A billion dollars. No, tell him Merrill Lynch wants 1.5 billion dollars."

Charlie Scharf clutched his phone, "Sir, are you sure it's 1.5 billion?"

"Definitely sure." David Komansky said decisively.

Charlie Schaaf told David about Merrill Lynch's subscription intention.

Then waited until three o'clock in the afternoon, only four hours had passed.

Charlie Scharf and David Komansky received the news.

That is the private equity fund recruited by Smith Capital this time.

Before it was officially announced to the outside world, it had already been divided up by Wall Street giants.

In other words, those investors before.

Except for Wall Street and certain financial institutions.

Ordinary rich people like Baron Hilton and Ted Lerner.

Before they had time to hear the news, and they hadn't even started, the subscription intention had already exceeded 50 billion U.S. dollars.

After hearing the news, both David Komansky and Charlie Schaff felt a little relieved.

"It's so popular." David Komansky said helplessly:

"It seems that Wall Street has a lot of confidence in Abel Smith."

Charlie Scharf nodded too.

But as a consultant, it is also to clarify one's own relationship and responsibility.

Charlie Schaff said softly:

"Mr. Komansky, is there a possibility. That is Smith Capital, deliberately creating the illusion that their private equity is popular this time?"

"Because you know. Berkshire Hathaway and PNC Group have both approved Smith's offer and are both shareholders of Smith Capital."

"Fuguo and Citigroup have always been good partners of Smith Capital. There is only one Fidelity company that has no connection with Smith Capital. However, there are also rumors on Wall Street that Peter Lynch, the retired former vice chairman of Fidelity, admires Abel Smith very much"

"You said. Is there such a possibility?"

In fact, David Komansky has also considered the issue Charlie mentioned.

There are too many intrigues on Wall Street.

Smith Capital deliberately created a false appearance to attract investors' investment, and it is not impossible to create a situation where supply exceeds demand.

But David Komansky thinks it's unlikely.

the reason is simple.

Smith Capital's first three private placements were in short supply.

The funds of those three private placements add up to 9 billion US dollars.

When the first three times have achieved great success and the investors have made huge profits.

The seventh private placement conducted by Smith Capital doubled or more on the basis of 9 billion US dollars.

Not too much pressure.

In this way, at least half of the private placement of 50 billion US dollars can be achieved.

At this time, if there are some large institutions that are tempted to bet that Abel Smith can continue to be successful.

That could easily lead to the current snatching situation.

Under the scramble of many people, plus it was only a subscription, the money has not been transferred yet.

There is still room for regret.

That Smith Capital has a quota of 50 billion US dollars.

Without an announcement, it was sold out in half a day. The possibility is very high.

This is like pre-ordering some new mobile phone products on Internet e-commerce in the future.

It costs nothing, or the deposit is very small. The number of orders will be far more than the number of people who actually buy the phone.

If something happens to Smith Capital in the middle, the subscription quota will be 50 billion US dollars.

David Komansky felt that it was not so easy to complete.

But whatever it is, David Komansky also decided to take the lead first.

Anyway, the signing of the formal contract and the transfer of funds can be observed later, and the transfer can be made after the safety is confirmed.

If you don’t invest in the follow-up, you will only lose some intentional money at most, a few million dollars at most.

In fact, most Wall Street institutions do this.

So don’t look at Smith Capital, this exaggerated astronomical single private placement was completed so quickly.

It and Abe Smith can't really make it.

It also depends on the follow-up funds arriving and the formal signing.

Meanwhile, miles away from Merrill Lynch headquarters.

The LIC area of Queens across the East River from Manhattan Island.

Smith Capital,

Smith Building.

In the office on the fourth floor.

David Mellon also conveyed to Abel that the $50 billion private placement has been fully subscribed.

Abel’s views on this are actually the same as David Komansky’s.

Abel also knew that this kind of subscription intention was false before the money was credited to the account.

Therefore, Smith Capital’s approach is also very realistic, that is, like other private equity, continue to recruit external investors.

In many cases, the subscription intention and subscription quota can often exceed the actual private placement quota.

For example, a private placement quota of one billion US dollars. In the case of relatively good fund managers and management companies.

If investors agree, subscription intentions often exceed one billion US dollars, and some even double or triple.

Thinking of this, Abel said:

"Let's announce our plan to recruit investors. Smith Capital's seventh private placement is officially established. At the same time, tell investors that first come, first served. This time is the same as the previous three times. We only need 50 billion US dollars."

"Understood." David's reply was simple and quick.

The CEO of Smith Capital can be said to be the person who trusts the investment ability of the chairman of his company the most in Wall Street.

In this regard, the afternoon of June 30, 2001.

Smith Capital, already known as the sixth largest investment bank on Wall Street, announced the company's seventh private placement plan.

The amount of this private placement is 50 billion US dollars.

The head of the fund manager is Abel Smith.

The management team includes CEO David Mellon,

The two presidents, Jed and Merio,

and a dozen other Smith Capital elites.

The minimum subscription amount for a single transaction is US$1 million, and there is no upper limit.

First come, first served, whoever gets the funds first and whoever signs the contract first will get it.

At the same time, Smith Capital, through the "American Sun" and "Wall Street Journal", as well as the TV station AMC Cable, announced the names of dozens of Wall Street institutions that have already subscribed and signed a subscription letter of intent.

Open this list, rich people all over America.

They will find that any one of the names above is a Wall Street giant or an American financial giant—

Berkshire Hathaway, PNC Financial Services Group, Citibank, Fidelity Investments, Wells Fargo, Goldman Sachs, Lehman Brothers, JP Morgan Chase, Morgan Stanley

That night, Abel was accompanying Ikana.

Father Ikana's phone call came to Ikana.

Ikana answered the call, and after listening for a few minutes, she reluctantly handed the phone to her boyfriend next to her.

"My dad is looking for you. He wants to invest in the seventh private placement of Smith Capital, and he blames me for not informing him earlier."

"Oh my god! I never cared about your business affairs. It's not like he doesn't know. His blaming this time makes me very unhappy!"

Ikana complains to Abel about her father.

Abel smiled and said, "Are you really unhappy? Then let me help you get revenge on him. If I reject his investment, it's considered revenge on him, right?"

Ikana was speechless, and then said coquettishly: "If it's like that. My father probably won't let me go back to the Ted Lena Building in the future!"

"Haha~"

Abel laughed, hugged Ikana, and pecked her on the mouth.

Then she took her mobile phone and chatted with Ted Lerner.

As soon as he spoke, Abel interrupted Ted Lerner's intention to understand the private equity fund.

Abel spoke first:

"Hey, dear Ted. How is your chat with Michael Jackson? I read the latest news. In two days, Michael is going to go to court again with Sony."

"I've been to him. He's hesitating." Ted Lerner said, "Leave that aside"

"Let's talk about this first." Abel smiled and said:

"That's MJ. God knows how much I want to get him in my company. Then I can tell people later that I'm MJ's boss. Don't you think that's cool?"

Ted Lerner had no choice but to say softly:

"It's really cool. But Abe, that's the way Michael is. He looks very gentle, but God can't change his mind about things he decides."

After saying these words, Ted Lerner probably also knew that Abel was torturing himself like this on purpose.

Ted Lerner did not give Abel this chance, "But don't worry, I will continue to talk to him. This is a later matter. But Abel, I think we should talk about private equity."

"$150 million."

Abel said directly:

"I will give you a quota of 150 million U.S. dollars. You only need to take out 130 million U.S. dollars. I will make up the remaining 20 million U.S. dollars."

"So what's the price?"

Ted Lerner hesitated.

Wall Street or New York is saying that Abe Smith is very generous and his money is easy to take.

But if you take his money, you have to make a show, otherwise

"The price is that in the future, Ikana and I, no matter what happens, you don't care. You can't talk nonsense in the media."

Ted Lerner got it.

Abel is paying himself a hush money, and the hush money is as high as 20 million US dollars.

At this time, Ted Lerner didn't know that his daughter had been pregnant by someone.

Ted Lerner was smart, and he guessed that Abel must have a reason for doing this.

Twenty million dollars is definitely not that easy to get.

But. What does that matter to him, Ted Lerner?

D. Ikana Lerner is Ikana.

D Ted Lerner is Ted.

If you just ignore the matter of Abel and Ikana, you can get 20 million dollars for nothing.

Ted Lerner would not say no.

"I agreed. But I don't have 130 million US dollars in cash yet. I don't need so many quotas. Can I give these quotas to other people?"

"Of course no problem." Abel smiled.

"That's OK. By the way, Abel, I heard that the closure period is two years?"

"yes."

Smith Capital’s first, second and third private placements all have a closing period of only 180 days.

This is an impossibly short closure period.

For the seventh phase of private placement, the closing period was increased by Abel, and the closing period is two years.

Investors can understand. After all, the amount of private placement this time is as high as 50 billion US dollars.

Private equity management of US$3 billion and US$50 billion still has difficulty in making profits, which is obviously not the same.

In fact, the two-year closure period is already terribly short.

Normal is five years, ten years, fifteen years.

It’s a bit exaggerated, twenty years, twenty-five years, thirty years.

With a closed period of two years, private placement with such a large amount of funds.

Wall Street would never believe it if it were managed by someone else.

Now it’s Abel, with the previous 180-day closure period as a foreshadowing.

Wall Street, including other investors, have a feeling of recognition for this.

Of course, these are just simple expressions.

When the time comes to sign the contract. There will be a large number of cumbersome and detailed terms after the decimal point 0.00001.

There are so many PwC and other similar companies on Wall Street that rely on accounting and financial calculations and financial laws to live their lives.

Among these companies, there are already four that can become the top ten private companies in the United States.

This proves that legal traps and contracts relying on legal loopholes are impossible to exist when both parties on Wall Street do not lack this part of the money.

Being able to sign a contract proves that both parties are satisfied with it.

This is also the significance of the existence of accounting and actuarial companies such as PricewaterhouseCoopers, and they are also the backbone of Wall Street.

Hang up Ted Lerner.

Abel handed the phone back to Ikana and hugged her.

"How is it? Have you thought about it?" Abel asked her with a smile, "Where do you want to raise a baby? I don't think New York is suitable for raising a baby. Compared with New York, Los Angeles is better."

Abel asked the question after Ikana called him that day.

He returned to 8 East 63rd Street on the Upper East Side of Manhattan, asking Ikana to consider a question.

That's where she wants to raise her baby.

The wife of an ordinary person is pregnant, and there is no such condition. Of course, where the home is, or where the husband works, the child is raised there.

The wives of the rich are pregnant, so naturally they don't have to be confined to one place like ordinary people.

There are too many places to choose from, and there are too many places in this world where the rich are heaven.

Ikana has been thinking about this for the past few days.

"Paris and I have studied many places." Ikana said enthusiastically, and as she spoke, she found that Abel's hands were where they should go.

This made Ikana couldn't help but stop, and grabbed his hands coquettishly, "I'm already pregnant!"

Abel spoke boldly and righteously: "Pregnancy is pregnancy. Which doctor said that after you are pregnant, I can't touch you? I didn't go any further!"

Ikana thought so too, and could only endure the strange feeling, and whispered:

"Then you take it easy. I think they start to swell after pregnancy."

"How could it be so fast? It's only been a few days?" Abel didn't believe it.

This time it was Ikana's turn to be confident, "The doctor said it. After pregnancy, the body's hormonal changes will be obvious. It started on the first day, and it will become more obvious day by day."

"Okay." Abel resentfully said, "Then I'll be lighter from now on."

Ikana also knew that it was impossible for him to let her go.

In fact, the more he likes it, the happier Ikana is.

This is her attraction, the attraction to him!

"Come on. Remember to be gentle." Ikana relaxed her body and let her boyfriend

While hugging, the two chatted about where to raise babies.

Just then, Paris came down.

The eldest lady of Hilton has long turned a blind eye to this scene.

Paris walked to the two and sat down not far away, looking at Abel's moving big hand.

"Is it so easy to touch?"

Paris finally couldn't help asking.

The sound is very soft.