Chapter 340 Mate’s Ten Billion Valuation
Under the bombardment of advertisements from the three companies, the Mate mobile phone has become the fashion darling of young people.
New York Times: “Mate mobile phone may become the new fashion favorite of young people.”
American Technology Times: "Mobile Internet is not without its merits. Mate may usher in a new era."
Wall Street Journal: “The emergence of Mate mobile phones will become a new social terminal, or bring social networks to new heights.”
Not only advertisements, but also the media throughout Europe were boasting wildly. Mate attracted the attention of the general public overnight.
For a time, major investment banks rushed to visit mate again, and everyone hoped to win mate's first round of financing.
...
July 15th...
Natasha is relieved about Anne Hathaway's pregnancy.
However, in order to take revenge on Cao Mang, she told Fan Xiaopang about the incident, and Fan Xiaopang came back from Hong Kong Island specially.
Cao Mang had just subdued her and Natasha. At this time, they were both weak and motionless, lying on the bed.
"Climb up to the lantern and stare at the lantern, wait until the lantern is cold~"
"Cao Mang hurry up and answer the phone. It's so noisy that I can't rest." Natasha said weakly.
At this time, Cao Mang had just come out of the bathroom and was wiping his hair with a towel.
"Boss, after the Mate mobile phone is launched..." Xue Zhihe briefly explained the matter to Cao Mang.
There are really too many investment banks coming to our door. Some of them have already rejected them once. They can't refuse them again this time.
After all, the strength behind these investment banks should not be underestimated. If they are not handled well, they may cause trouble.
Xue Zhihe can no longer bear it, and even the Franklin family can no longer bear the pressure.
"First release 15% of the shares and select some powerful investment banks. The valuation must be calculated at US$10 billion."
"Boss, is this valuation a bit high?"
"How many registered users does mate have now? How many active users are there?"
In fact, he could see all these data, he just deliberately asked Xue Zhihe.
As the CEO of mate, Xue Zhihe must clearly understand the value of mate.
"After being bombarded by advertisements from Nokia and others, the number of registered users of Mate worldwide has exceeded 240 million, and the number of online active users is around 3 million."
“When Yahoo had 200 million registered users, its market value exceeded 20 billion.
Now Mate has 200 million registered users, so our asking price of 10 billion shouldn’t be too much.
Moreover, Mate users are online longer and are relatively more valuable than Yahoo users.
It’s time to release the Mate game and let them see the true value of Mate.”
The reason why Xue Zhihe has no confidence is because Mate has been established for too short a time and he has not yet understood the value of social users.
"I see."
...
Lighthouse Country at 12 am on July 15th...
mate company conference room.
Xue Zhihe summoned several large venture capital companies, which were companies that could no longer refuse.
Morgan Stanley, Goldman Sachs Capital, Citigroup, Bank of America, Lehman Brothers.
Why did Lehman Brothers exist?
Before the thunderstorm, Lehman Brothers was still very powerful in the lighthouse country.
"Gentlemen, I believe you all know that there have been many people looking for mate investment recently, and most of them have been turned away. I chose you because you are the most sincere." Xue Zhihe said with a smile.
Although everyone present knew that what Xue said was nonsense and polite words, there was no way to avoid going through the motions.
They also know very well why mate chose them.
"After internal discussions among our shareholders, mate's A-round financing plan can give everyone 10% of the shares, but the valuation needs to be adjusted." Xue Zhihe continued after seeing that everyone had no doubts.
At this time, the blond middle-aged man sitting on the far left, John Dunn, said: "Mr. Xue, our valuation of 3 billion is not low. You must know that when Sina went public, it was only 800 million US dollars."
John Dunn is a representative of Morgan Stanley and a core member of Morgan Ventures.
Morgan sent him here in person this time, which is enough to prove that they value mate. If it were another company, the person who came would not be John Dunn.
"Mr. John, you actually compare Mate with Sina?" Xue Zhihe laughed.
Everyone present couldn't help but frown. In their opinion, Xue Zhihe was too arrogant. Sina was the leading Internet player in Europe and the United States.
Comparing Sina with your mate, it is already very flattering.
"Mr. John, if mate is willing, mate can build a portal in less than a week.
If users of mate are diverted there, it is not impossible for this website to compete with Sina.
But Sina comes to the social field, are you sure Sina can do it better than Mate?" Xue Zhihe said with a smile.
Xue Zhihe's words caused everyone to fall into silence. Mate had a congenital advantage at the starting point, and now there were three major mobile phone manufacturers assisting.
Sina wants to enter the social field?
It's not impossible.
But a huge price must be paid, and whether it will succeed or not remains to be proven.
"I wonder how much Mr. Xue values mate?" Peter Lamont asked.
Peter Lamont comes from Goldman Sachs and is also one of the core venture capital firms at Goldman Sachs.
"Our valuation of Mate is US$10 billion." Xue Zhihe saw that the other party was about to interrupt him and immediately added: "The Mate game platform will be launched tomorrow, and its future performance will double.
I have told you before that Mate is only a social platform, but it can also be a portal website or a gaming platform.
As long as mate is willing, there is no business that mate can't do on the Internet. This is the true value of mate."
...
That afternoon, a piece of news reached Wall Street, and all the investment banks felt that these major investment banks were crazy.
[Mate company received US$1 billion in Series A financing, and the five major investment banks each obtained 2% of the shares]
Are Morgan and Goldman Sachs crazy?
Mate company’s Series A financing is valued at 10 billion?
Everyone wants to ask why?
Why can Mate's valuation reach 10 billion? Isn't everyone's consensus valuation $3 billion?
It is naturally impossible to convince the five major investment banks with just a few words from Xue Zhihe.
Xue Zhihe also took out the financial report of Kirin Entertainment.
As for where the financial reports of Kirin Entertainment come from?
"This is the financial report data that I bought from China at a small cost. You can refer to it.
I believe that mate’s data will be more beautiful than this in the future.
After all, they only operate in China, and Mate users are all over the world." Xue Zhihe said with a smile.
If the five investment banks had not united as imagined, this 10 billion valuation financing would not have been possible.
Chapter completed!