My Age of Investment

Seven hundred and six, the way of checks and balances

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Xia Jing walked up to the foreign girl, bent down slightly, and whispered a few words to her.

The foreign girl's blue eyes suddenly widened, quite surprised.

But she quickly regained her composure and nodded, "Okay, you go, just leave it to me to deal with it."

Xia Jingxing walked quickly to Gates and left the reception together with him.

Many people around noticed this scene, were a little surprised, and secretly remembered it.

Gates took Xia Jingxing to the luxury suite on the top floor of the hotel. As soon as he entered the room, he saw a tall figure with his back to them.

This figure was wearing a neat suit, with gray hair on the back of his head, and some floodlight on top.

"Mr. Gates, Mr. Xia, nice to meet you."

Lloyd Blankfein turned around, walked towards the two with a bright smile, and shook hands with them one by one.

Xia Jingxing looked at Blankfein more. The little old man was in his fifties, his hair was distributed in the Mediterranean, and the smile on his face gave people a particularly sincere feeling, which easily made people feel good.

But what he was most curious about was the old man's hairstyle. If Musk hadn't had his hair transplanted, he would be about the same as the old man by now.

As an old man, there is no shortage of money for hair transplantation. It can only be said that the other party doesn't care about this, and maybe he likes pure natural and pollution-free.

"Mr. Gates, Mr. Xia, please sit down!" Blankfein pointed to a few sofa chairs next to him.

After Xia Jingxing sat down, he didn't say anything, not wanting to be too active.

The most active one was Gates, the introducer. He laughed and said, "Laurd, the reception is downstairs, so you can just come and attend it. It's so mysterious."

Blankfein smiled and waved his hands, "I didn't know that today is the day when Facebook and Youtube will hold a celebration banquet. I will only find out when it arrives. I don't want to disturb you rashly."

After finishing speaking, he looked at Xia Jingxing, "Mr. Xia, congratulations, you have won a beautiful battle. I have wine here. Would you like to open a bottle to celebrate?"

Xia Jingxing waved his hand, "That's unnecessary! Also, Mr. Blankfein, you can call me Darren."

"Okay, then you can just call me Lauder."

After exchanging a few pleasantries, Blankfein said straight to the point: "Daren, Goldman Sachs intends to participate in Facebook's C round of financing."

When Gates just announced the name of Lold Blankfein, Xia Jingxing basically guessed the purpose of the other party.

Only Facebook's C round of financing is worth the new CEO of Goldman Sachs making a special trip from the East Coast.

Blankfein was promoted to CEO last month, and the original CEO Paulson became the finance minister.

Goldman Sachs, an investment bank, is rich in the Secretary of the Treasury of the United States, which shows its status.

Xia Jingxing smiled, and didn't open the door just because the other party was Goldman Sachs. He changed the topic and said, "Laurd, it's really a good time for you to choose this time."

Blankfein shrugged, "Of course, we have been paying attention to Facebook for a long time. Miss Christina's equity pledge loan is a transaction that we brokered with several commercial banks."

Xia Jingxing nodded. Last year he transferred 10% of Facebook shares to Yang Niu. She couldn't afford the money, so she approached Goldman Sachs to arrange the loan of 1.025 billion US dollars.

Given Facebook's situation at the time, it was difficult to get loans with such a low interest rate and such a high amount, and Goldman Sachs made a big contribution to it.

The price is that Facebook sold the listing lead underwriter seat to Goldman Sachs in advance.

Goldman Sachs has actually locked in a potential future gain, and there is no need to deliberately please or deepen the relationship with Facebook.

In particular, investment banks generally engage in intermediary business, and there is very little direct investment business.

Xia Jingxing was very curious about what Blankfein liked about Facebook.

"May I know why you chose Facebook?"

Blankfein nodded, "Of course, Facebook's user growth rate,

And the influence that has been shown in the recent period has surprised me.

Although you have already reached a valuation of 24 billion U.S. dollars, I think Facebook will not stop here in the future. It must be an Internet company worth 100 billion U.S. dollars. I firmly believe it! "

Blankfein didn't engage in so many bells and whistles. He kept the road simple, and stated his optimism about Facebook very concisely, and also pointed out Facebook's valuation seemingly inadvertently.

Xia Jingxing smiled and said nothing. Blankfein's straightforwardness surprised him a bit. The valuation bid of 24 billion US dollars is actually not high, it can only be said to be a normal level.

Among the many funds that contacted Facebook some time ago, none of them quoted lower than this figure.

But those scumbags, seeing that Facebook was facing a lawsuit, either got out of the way, or took the opportunity to lower the offer.

Although this kind of behavior is quite normal business behavior, it gives people a very unreliable feeling.

Of course, choosing an investment institution cannot simply be based on personal likes and dislikes, there are many things to judge.

The encounter between Facebook and Youtube reminded him that the relationship network weaved is still not dense enough and not strong enough. Microsoft and Gates are considered the biggest players, but they lack checks and balances, and they may not be counted on at critical moments.

Goldman Sachs, as the tyrant of Wall Street, has a great reputation in the United States and the world, and has a deep network of relationships.

Choosing Goldman Sachs as a shareholder can escort the development of Facebook and bring some convenience to Facebook in terms of capital operations such as bond issuance, listing, and mergers and acquisitions.

Goldman Sachs seeks money, while Facebook takes a fancy to the other party's reputation, strength and resources, and everyone gets what they need.

"I don't think I have any reason to say no to an offer from Goldman Sachs."

Blankfein's expression brightened, and he was about to speak when Xia Jingxing added: "But I have some connections with Morgan Stanley. Not long ago, Mr. Mack and I talked about issuing bonds for more than an hour. I expressed my intention to invest in Facebook.

It's just that Facebook was a bit troublesome at the time, and we temporarily put this cooperation on hold. "

Blankfein felt a little irritated in his heart. Mack, a second-generation immigrant from Lebanon, was nicknamed "Blade", and he acted swiftly and decisively. If he took a fancy to Facebook, Goldman Sachs probably would not have the opportunity to vote alone.

Seeing that Blankfein remained silent, Xia Jingxing didn't bother to urge him, and just sat there quietly waiting for the other party's reply.

Taking advantage of this spare time, he also glanced at Gates, who smiled at him.

In fact, Gates was a little puzzled, did Mack really contact Darren?

He was dubious about it.

Of course Xia Jingxing was telling a lie. He didn't want Goldman Sachs to invest in Facebook alone. That would lose the balance. There must be an investment bank to check and balance Goldman Sachs.

In this way, no matter whether it is issuing bonds or going public, the two companies compete with each other, which is in the best interest of Facebook.

In addition, making more friends is also conducive to the development of Facebook.

If it weren't for the lack of meat, he would have wanted to call Merrill Lynch and Citigroup together. At that time, most of Wall Street would stand behind Facebook, and he would basically not have to worry about things like listing pricing and fundraising. There must be someone better than Facebook. more positive.

"Okay, since our old friends also want to participate, let's add them!"

Blankfein quickly made a decision, and then asked about Facebook's debt issuance.

Xia Jingxing said: "We plan to issue 500 million US dollars of corporate bonds."

Blankfein immediately took care of everything, "There is no problem with this at all, it is covered by us at Goldman Sachs. With Facebook's reputation, we don't have to worry about not being able to sell such a small amount of bonds."

Xia Jingxing wanted to laugh a little, so he started grabbing business? It just so happens that the competition between the two parties is conducive to lowering prices and negotiating conditions.

"Daren, Goldman Sachs plans to invest $2 billion in Facebook, what do you think?"

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