"That is to acquire CEOcity."
Unlike the sudden rise of Riot Games, CEOcity was founded in 1995 and is divided into sectors according to regions.
There are six areas, namely the Colosseum, Hollywood, Rodeo Street, Sunset Strip, Wall Street and West Hollywood.
Users can create their own homepages in different regions. Later, CEOcity added new regions, including Silicon Valley, Capitol Hill, Paris, etc.
You can think of CEOcity as a combination of virtual real estate, QQ Space and Sina Blog.
In 1997 CEOcity had over one million personal homepages.
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 Americen Online. After its listing in 1998, the share price soared from US$17 to over US$100.
Jerry Yang nodded and said: "I understand that only by acquiring CEOcity can we change Yahoo's image.
We are still the most successful Internet company, showing Yahoo's strength through mergers and acquisitions, and at the same time quickly getting rid of Yahoo's image from this negative incident.
We need bigger news to cover the news that came before.
So we need to issue additional shares to raise funds to acquire CEOcity or Riot Games. "
In fact, this was the period of the Internet bubble. CEOcity had a net loss of US$8 million in the first quarter of 1998. It was an Internet company with users but no profit model.
Of course, most of the Internet companies on Nasdaq have not yet achieved profitability.
"Abel, I need your support."
...
Riot Games relied on the battle with Yahoo to make users around the world aware of the existence of the Riot Electronics community. Zhou Xin knew that the time was ripe.
So I started to contact the heads of major investment banks.
He doesn't mind taking Riot Games operations public.
For him, listing Riot Games before the Internet bubble burst is undoubtedly the best way to maximize short-term benefits.
Even if Zhou Xin is confident in turning Riot Games into Steam, he will not focus all his energy on it. If you miss this window, you will have to wait until around 2005 if you want to get high prices again.
The Internet is just a way to capture capital, and success on the Internet will not directly help change the current situation of China's semiconductor industry.
"Newman and Goldman Sachs have extensive experience in raising funds for IPOs. It is not even an exaggeration to say that we have the most experience in raising funds for IPOs in the entire Americen.
Last year, more than half of the IPO funds raised were contracted by Goldman Sachs.
Even last year, the year with the highest number of IPO postponements, Goldman Sachs had less than 20 of the more than 192 postponements.
No matter from which perspective, we are a better choice than Morgan and Merrill Lynch. "
Jerry Carr was excited when Zhou Xin contacted him through Bill Gates.
Goldman Sachs has a very clear internal evaluation and analysis of Riot Games. All analysts believe that this is an excellent company and 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 war between Yahoo and Riot Games, they further believe that Riot Games is a unique unicorn.
The brand has been established, a large number of past video games have begun to be released through Riot Games, and the profitability is obvious.
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 names, far from the real power within Goldman Sachs.
To put it simply, Goldman Sachs currently has hundreds of vice presidents, but only nine people on its management committee.
In other words, in addition to the CEO, only by joining the management committee can one truly squeeze into the management of Goldman Sachs.
Jerry Carr is a senior vice president within Goldman Sachs. He is very close to joining the management committee. The IPO contractor of Riot Games can be the most effective proof of his ability as long as he does a good job.
When Zhou Xin heard this, he thought that no matter in the past or now, whether on Wall Street or in Shenhai's Lujiazui, the faces of these financial professionals are the same.
Wherever the interests are, they are there.
"But you are also the most expensive, aren't you?"
Jerry Carr smiled happily and said, "Newman, your words are an endorsement of Goldman Sachs.
High-quality services naturally come with expensive prices.
Americen had a total of 396 IPOs last year, raising a total of US$5 billion.
Goldman Sachs was involved in only 26 of them.
But in these IPO fundraising projects that Goldman Sachs participated in, the average price rose by 127%.
Goldman Sachs was the best-performing brokerage in the Amerikan IPO project last year, far surpassing other IPO contractors.
The excellent performance of Goldman Sachs' IPO projects also means that more and more funds will trust Goldman Sachs and be willing to participate in Goldman Sachs' IPO projects.
For example, if Merrill Lynch came to do this IPO project, they could only value Riot Games at US$2 billion.
But Goldman Sachs can achieve US$3 billion, and there is no shortage of investors to participate in fund raising.
Moreover, Federal Reserve Chairman Greenspan has just recently announced that he will raise interest rates on the 15th of this month, and the entire capital market will see a tightening of credit and capital.
Interest rate cuts will have a direct impact on IPOs, and Goldman Sachs is definitely your best choice. "
Jerry Carr is confident about Goldman Sachs.
Zhou Xin’s first reaction after hearing this was that from a purely IPO contractor perspective, Goldman Sachs was indeed the best choice.
"how long it takes?"
"6-9 months, no more than 9 months at the longest.
With Riot Games’ qualifications, there is no need to worry about being rejected.
At most, the review time will be longer.
In addition, I need to remind you that this is also a problem that many Chinese people who have just come to America may encounter. If you do not pay attention to this point, it will cause you a lot of trouble in the future.
It even affected our IPO process.
That's paying taxes.
You need to file your own tax returns for Amerikan. You must find a specialized accounting firm to help you handle the tax matters. Don't leave anything to chance.
Although you pay more, if you don’t pay, you will definitely suffer greater losses later. "
This is what Jerry Carr said from the bottom of his heart. When he worked on Wall Street, he often saw foreigners who did not pay taxes after making money from investments and faced the consequences of going to jail to pay taxes and fines.
Especially if the Chinese own companies with a valuation of more than one billion US dollars, once you are arrested for tax issues, it is hard to say what will happen when you come out.
Zhou Xin suddenly realized that he knew that Amerikan was extremely strict in paying taxes. He had paid taxes as required before, but after reaching his own net worth, he really needed a professional organization to help him handle tax matters.
Because professionals can help you sort out a plan that pays the least tax.
