Back To 1995

   Chapter 163 Chicken and Dog Ascension

   For the proposal of Double-click Company, the financing of 60 million US dollars, the public issuance of 15 million shares, is equivalent to listing at the price of 4 US dollars per share, and once listed, it has reached an astonishing 600 million US dollars market value!

  Deutsche Bank Investment Bank Although Merrill Lynch and Deutsche Bank urinated in the same groove, and Edison also looked down on Goldman Sachs, but at this time, the three major Wall Street investment banks behaved tacitly.

   "Song, within one year, the company's stock price is lower than the issue price, and the agreement that the board of directors wants to initiate a repurchase must be written into the underwriting agreement!"

  Pelle Greene said, apparently he has agreed to such a proposal, and Goldman Sachs also agreed to the double-click company's $600 million valuation!

After   Double-click reached an initial agreement with the three investment banks, they immediately held a conference call with the major shareholders of Double-click. In this conference call, the two major shareholders of Double-click, WPP Group and Yahoo, were brought over to vote.

As a major shareholder with more than 62% of the shares of Double-click, Song Yang naturally has the right to decide the future of Double-click, but the process of going through is still to go through. Song Yang does not care about rumors such as being arbitrary and overbearing. But the face project, how much still has to be brushed.

  WPP Group, Martin Solo personally participated in the conference call to invest in Double-click, but Martin Solo's proud work.

Before the conference call, Song Yang first talked with WPP Group, the major shareholder of DoubleClick, which holds more than 25% of the shares. After all, DoubleClick is still a part of the WPP advertising empire in name. Song Yang did not want to offend Martin Solo, a leader in the advertising industry. Emperor.

   Martin Solo's laughter seemed to be heard across the Atlantic Ocean when he heard that Double Click Company would go public at a valuation of $600 million.

   "Song, I knew that you would not let me and WPP Group down. WPP Group fully supports your decision, and WPP Group can sign the repurchase agreement that guarantees the stock price!"

   "When Double Tap goes public, I'm going to New York in person."

Martin Solo said in a good mood, can it be bad? Last year, 12 million US dollars got 25% of the equity of Double Click Company. In just one year, the value of this part of the equity soared to 150 million The beautiful knife has been turned ten times!

  The double-click investment will be a pearl in the history of Martin Solo's acquisitions and acquisitions. It will definitely be touted by the media, making Martin's "King of M&A" even brighter.

Martin personally participated in the bell-ringing ceremony of Double-click, and also told the outside world about the relationship between WPP Group and Double-click Company. Since investing in Double-click last year, WPP Group has inserted the wings of the Internet, and the stock price of WPP Group, which is stained with Internet concept stocks, has soared. A wave!

   In this double-click listing conference call, both WPP Group and Yahoo participated, and Martin Solo of WPP Group participated in person. As soon as he came up, he expressed his full support for the management of Whitman and directly stood with Song Yang.

On the other side of Yahoo, President Coog, Brady, and founder Ferro participated. Yang Zhiyuan was busy on road shows at the moment. He was being made a **** by Yahoo, so he appeared everywhere in major cities in America and participated in TV interviews. Wait, the name of Yahoo Chief is already well-known to Americans, just like Anderson represents Netscape, Yang Zhiyuan has also become a totem representing Yahoo.

At the beginning of the meeting, WPP Group, the second largest shareholder, stood with Song Yang, the largest shareholder, and exchanged equity with Double Click to get Yahoo's 13% stake. During this conference call, Basically, it can only be a candle without a word.

   But when he heard Double Click, which will be listed at a valuation of $600 million, which is more than Yahoo's valuation, Coog couldn't help but scream.

  In the conference room of Yahoo's office building, when he heard that the board of directors of Double-click wanted to guarantee the share price of Double-click and also raise the stock price, Coog couldn't help but scolded in a low voice, "These lunatics!"

Brady shook his head helplessly, Yahoo didn't dare to play this trick, Song Yang is the absolute majority shareholder in DoubleClick, and what he decides can represent DoubleClick, but Yahoo is different, Yahoo's largest shareholder is Softbank, and Sequoia, Morgan and other institutions, followed by the founders of Yang Zhiyuan and Ferro, how could those institutions guarantee Yahoo's stock price.

   "Double-click on the board of directors, and the full equity award will be activated. In addition, the board of directors will reward President Whitman, President Ryan, Manager Gleick, and Manager Erin some of the equity!"

  Song Yang said on the phone that it was agreed long ago that the entire DoubleClick board, including Song Yang, WPP Group and Yahoo, jointly transferred part of the equity to Whitman and DoubleClick's executives and key employees.

   This is the habit of Silicon Valley, and WPP Group and Yahoo will naturally not object.

Hearing that he was going to get the equity reward, Ryan in the conference room, the big stone in his heart fell. He could get 5% of the equity reward. If calculated according to the market value of 600 million US dollars, Ryan immediately became worth tens of millions of dollars. The new generation of Internet billionaires of the US knife!

  Think about what he lived more than a year ago, and a year later, his net worth may directly soar to 30 million US dollars. This is the myth of making wealth on the Internet, and there is no reason to say it.

   The conference call lasted for a long time. There were New York reporters who heard the wind and came to Double-click to inquire about the news. Until the sky darkened, the executives to be interviewed did not come out of the building.

   The most important thing is the equity reward. Whitman and Ryan didn't say that Ryan has made great contributions to Double-click. Double-click can achieve a balance of income in a situation where other Internet companies are in a mess. It is inseparable from Ryan's efforts.

   And Whitman is the head of Double-click. After Double-click goes public, she is completely at the helm and cannot be separated from her at all. Whitman and Ryan each got a 5% stake from Double-click's board of directors.

   Then there was Double Click's legal president, Song Yang's cheap uncle, Greg. Everyone present knew that Greg was the same, from the Bruno family.

   So when Song Yang proposed to give Gleick a 3% double-click equity, even though Yahoo was a little dissatisfied, Cooger did not object, and blocking the equity reward for Gleick was equivalent to directly turning against Song Yang.

What is controversial is that Irene's 1% equity and the full equity reward are given. Yahoo is really unwilling. According to such a generous equity reward, Song Yang, the major shareholder, is fine. After diluting the equity, what is it? is a major shareholder.

But the equity of Double-click in Yahoo's hands is about to be reduced by more than half, and Cooger said on the phone, "Song, I also agree to reward the employees of Double-click, but it does not have to be as large as 10%. Equity is rewarded to all employees, except for the management equity reward, the rest of the staff can pay bonuses!"

   Hearing this, Song Yang curled his lips. When it was time to dilute Yahoo's equity, Yahoo didn't want to, but when Yahoo had a hand at Song Yang, it didn't show any mercy.

Yahoo also raised financing before its listing, and also diluted the Yahoo equity held by Double-click from 5% to 4.6%. Double-click only got a few million dollars in cash, or it was not intentional. Then bullshit!

   The reason why Song Yang issued a large amount of equity to the executives and employees of Double-click is to dilute the equity of Double-click held by WPP Group and Yahoo.

After    goes public, Song Yang must also need to cash out, but after cashing out, to maintain control over the company, he needs to let other major shareholders have less equity in the company!

It took a long time to give the executives and employees of Double-click the company how much equity incentives to issue. The WPP Group also had some criticisms. In the end, it was decided that in addition to giving Whitman and Ryan 5% equity each, Greg 3 %, Irene will get 1% equity reward, and then give other Double-click employees 6% equity reward and some cash!

   That is, Song Yang, WPP Group and Yahoo's Double-click board of directors jointly gave up 20% of the equity to Whitman and other Double-click company executives and employees.

This equity award means that Song Yang needs to give up nearly 7% of the equity, but it is still the undisputed largest shareholder of Double Click, while the shareholding of WPP Group has dropped to 18%, and Yahoo is about 9%. , although it is still a major shareholder, but it cannot threaten Song Yang's major shareholder status.

In addition to transferring the equity, Song Yang also made some adjustments to the Double-click equity he held after the conference call. Part of the equity Song Yang was placed in the Americas Global Investment Foundation, and the other 5% was placed in the Bruno Family Foundation. , as the start-up capital of the Bruno Family Foundation.

After the    adjustment, Song Yang is still a major shareholder, but it will not be too dazzling when cashing out or transferring in the future.

   The whole meeting lasted for a long time, and it was necessary to work with the three major institutions of Deutsche Bank and Goldman Sachs to determine the publicity strategy and roadshow route.

   When the agreement was signed, everyone in the conference room breathed a sigh of relief. The champagne that had been prepared for a long time was finally opened.

   For those who double-click, in addition to the excitement of listing and the feeling brought by the skyrocketing value, the rest is tired.

Song Yang is no exception. After signing the signature and confirming that Double-click is going to be listed, this is the first company that Song Yang personally sent to the market. Song Yang can't tell how he feels. In the future, there may be more in Song Yang's hands. There may even be many listed companies whose market value far exceeds that of Double-click, but Double-click is always a bit special compared to others!

   "Congratulations, Song!"

  Pellet Greene held up the champagne and said to Song Yang, congratulating the upstart America in front of him. Looking at Song Yang, Pellet Greene couldn't help but calculate Song Yang's worth.

From the Hotmail mailbox, Song Yang directly received nearly 300 million US dollars in cash, and once the double-click is successful, Song Yang's worth will soar by more than 300 million US dollars, plus ICQ, and America Telecom Over there, Pelle Greene just made a brief calculation and couldn't help but take a deep breath. If all of these come true, then Song Yang's worth will definitely exceed one billion dollars!

   What Forbes should regret most now is that it has already announced the wealth list, otherwise Song Yang will definitely be among them!

   One more chapter...

   (end of this chapter)