Chapter 1306 The beginning of the acquisition feast?
Xiao Qi would not tell him that the listing of oil prices was a historical trend and there was no way to resist it.
The young man just continued: "Then let's talk about the first company first!"
"Master Qi, please speak!"
"I want to acquire a social networking site called LinkedIn. They were established in 2003 and are now developing well. Their revenue this year is expected to be around US$10 million. I am willing to pay US$200 million to buy all their shares."
Xiao Qi said eloquently: "And I promise to invest no less than 50 million US dollars every year in the future. If the company IPOs, the company's executives and employees will receive 10% of the shares as rewards!"
The stock price of a company's IPO is generally not determined by the price-to-earnings ratio of net profit, but rather by the estimated annual revenue forecast.
Xiao Qi remembers that the valuation of general technology network stocks is about 8-15 times their expected revenue for the year. The higher the multiple given to them, the higher the IPO price.
LinkedIn is a professional social networking website. To put it simply, it is an electronic resume database for companies and individuals. It is not used for making friends, but for work contacts. It is highly professionally targeted.
The specific way of operation is that a company or individual puts their professional needs, professional abilities, related industry connections, etc. on the social networking site LinkedIn, and establishes and shares a social circle of colleagues, a social circle of friends, and a social circle of the same profession.
, various information about the company’s social circle.
You can think of it as a work-related network company where a company recruits employees, employees recommend themselves to the company, and friends introduce jobs to each other...
LinkedIn is not directly involved in company recruitment, but they maintain a detailed database of career information about companies and individuals.
Over the past few years and more than ten years, this database has become the most valuable asset. No website or company can catch up with them because they lag too far behind.
What Xiao Qi is interested in is that they are now starting to build a database that will dominate professional social networking sites in the future.
The company that the teenager wants to buy must have its own core resources. This core resource will not be surpassed by others within decades and will always remain ahead.
Only such a company can continue to grow and bring a steady stream of wealth to the Xiao family.
As a professional broker at Citibank, Wade paid a lot of attention to emerging industries - websites. After he couldn't find LinkedIn information in his mind, he knew that the company Xiao Qi wanted to buy was not owned by Citibank.
The company that experts are optimistic about has not shown its potential at least yet.
For such an unknown company, Xiao Qi was actually willing to purchase their equity at an estimated revenue of 20 times, which was really too generous.
"Since the success of MySpace and Facebook, there are now more than 200 social networking sites in the United States, with an average of 20 openings per month, and an average of 30 closing down every month." Wade explained his experience in detail: "
Many of them are trying to defraud money. After receiving investment from venture capital companies, they immediately squander all the funds, then declare bankruptcy, and take the money earned from accounting to go to Hawaii to bask in the sun and play with beautiful women...or directly
Some have just reached a dead end, without any support for growth, and will only let more and more funds fall into this bottomless hole..."
Listening to Wade's kind advice, Xiao Qi frowned slightly, but at the same time he lamented that it was not difficult to be one step ahead, but it was too difficult to cross the three to five year gap.
LinkedIn has never been very high among social networking sites in the United States. They are generally not found in the top five, and the better ones are ranked in the top ten. Compared with social networking sites with high exposure such as Facebook and Twitter, they seem a bit inferior.
Eye-catching.
But it is not born to be dazzling. LinkedIn is a professional professional social networking website from beginning to end, building social circles for companies and people in the workplace, and obtaining their information with permission.
The library has become the core resource of the company.
This company went public in 2011 with an IPO of US$45, and once reached a market value of US$10 billion, but then it declined rapidly, rising and falling within the 60-70 range for a year.
But no one expected that when the financial crisis came to an end, its stock price began to rise. After Xiao Qi was reincarnated, its highest stock price exceeded 250 US dollars per share, and its total market value exceeded 25 billion US dollars.
, the average one-year fluctuation market value has also stabilized at 20 billion U.S. dollars, effectively countering the investment bankers' remarks that "LinkedIn will inevitably become another example of the bursting of the Internet bubble."
For a company like LinkedIn, Xiao Qi will not sell the shares he bought, because this is real wealth that can be passed down from generation to generation. As long as people still need jobs and the company still needs to recruit employees, then LinkedIn's shares will be hard currency, absolutely.
Of value!
"I have considered all the risks you mentioned." After Wade finished speaking, Xiao Qi said harmoniously: "But my team is very optimistic about this company, and what I need is to own it! Wade, can you
Will you help me realize this wish?"
Seeing Xiao Qi's persistence, Wade thought for a moment and said: "I'll try my best, but Qi Shao, you have to tell me your bottom line, otherwise it will be easy to break up. Americans rarely do that.
Entrepreneurs who sold 100 shares!”
Xiao Qi said confidently: "For at least 80% of the shares, the price can be increased to 400 million, with an annual investment of no less than 100 million, and when the IPO is listed, they will be allocated 10% of the shares."
Wade couldn't help but exclaimed: "This condition is too generous!"
"That's because they can bring me more profits." Xiao Qi smiled, "So, Wade...after completing this transaction, I remember that Citibank's service fee for Diamond VIP users is 12, right?
The sooner you complete it and the cheaper you buy it, I will add additional rewards, so please work harder!"
"Haha, Mr. Qi, you are out of touch now! I promise to complete the task as soon as possible!" Wade promised, patting his chest.
All those who came out of the American Empire regard money as their life, and the more money they make, the happier they are without any mental burden.
For the sake of his own future and money, Wade has made this task his top priority recently. (To be continued. Please search Piaotian Literature, the novel will be better and updated faster!)