Chapter 796 Business Matters
Before July, Ronan went to San Francisco again. Netflix Network passed a series of reviews and reached a final agreement with Nasdaq. It will be listed on the market on mid-to-late July.
Currently, Robert Eiger and Mark Randolph are focusing on this matter.
It is expected that the single share price will not be below $120.
Ronan also raised the bottom line of financing based on actual conditions, no less than US$5 billion.
In order to cooperate with the listing and increase the stock price, Netflix will have a series of plans including the launch of new streaming dramas.
The day after Ronan arrived in Los Angeles, Tom Cruise also rushed over. The two sides will cooperate closely next month and need direct communication.
“How big is it possible for an unexpected listing accident?”
In the office, Ronan asked Robert Iger: "This is related to a series of plans for our future."
Robert Iger said: "Our roadshow was very successful, and Netflix was also unanimously optimistic about it. Several investment institutions have clearly expressed their investment intentions. Among them are pension funds, life insurance funds, property insurance funds, mutual funds, trust funds, hedge funds, commercial bank trust departments, investment banks, university foundations, and some large companies' securities investment departments and individual investors. With their support, even if someone wants to secretly suppress Netflix, we are enough to survive."
Luo Nan nodded slightly. Although it took a considerable price to cooperate with Goldman Sachs, it could make the listing much smoother.
Robert Eiger continued: "These institutions and companies, with securities markets as their main business activities, operate relatively standardizedly and are familiar with the securities market. They often participate in new stock issuances and have relatively accurate judgments on the investment value of different issuance companies. Because of the high quality of institutional investors, the main basis for pricing is relatively reliable."
Ronan said: "Originally, our valuation is high enough."
"Yes." Robert Iger said with a smile: "Investors all recognize and are optimistic about Netflix's development prospects and believe that this is a sunrise industry, so they successfully accepted Netflix's valuation during the market research stage."
Ronan suddenly said: "The valuation of no less than US$40 billion is somewhat beyond my expectations."
Robert Iger rarely disagrees: "On the contrary, this is exactly the true reflection of Netflix's value, and I even think Netflix's valuation is a bit low."
As one of the direct persons in charge of Netflix's listing from beginning to end, he seemed particularly confident: "When Google went public, its business was relatively single, and its market value was still rising all the way. In contrast, Netflix has at least three star businesses, which combined together, with a valuation of US$40 billion, not much."
Ronan said slowly: "We are going to officially join the capital game."
Robert Eiger continued: "Only by joining the capital game, we can carry out greater capital operations next."
Ronan understood the meaning of this and said, "Short long after you entered Relativity Entertainment, we started planning. How much we can gain depends on the second half of this year."
"I understand," he reminded: "Disney's shareholders' meeting will be held by the end of this year. Michael Eisner and Roy Disney are very likely to put the final battle at the shareholders' meeting, and they are all preparing."
Ronan smiled: "Disney is better off going on in chaos."
The chaotic Walt Disney, or the six major companies, is more in line with the interests of Relativity Entertainment.
After Robert Eiger left, Tom Cruise came over.
"How are you talking?" Ronan asked.
"It's been going well overall, Netflix and I have the same goals in charity," Tom Cruise said.
Ronan reminded: "This charity foundation is good at managing funds. Tom, we don't want it to do anything. The only purpose is to invest charitable in the ALS population."
"Don't worry." Tom Cruise can tell the difference: "I asked the foundation to hire PwC as a third-party accounting supervisor."
He turned the topic to Netflix: "I have raised $45 million and intend to invest all of them in Netflix's stock."
Ronan smiled and said, "It won't make you lose money."
Tom Cruise laughed: "I hope your Netflix will become a company with a market value of 100 billion as soon as possible."
"I want to, too." Ronan spread his hands: "But this kind of thing is not something I can count on."
Too many Internet companies have reached this level before.
It is not without Internet companies with a market value of over 100 billion yuan. As soon as the millennium passed, Yahoo's market value rose to US$128 billion, becoming the world's first Internet company with a market value of over 100 billion yuan.
Then came the famous Nasdaq stock market crash, and the entire Internet industry suffered a heavy blow.
But all the companies that survived that stock market crash, including Yahoo and Amazon, are developing rapidly later.
Although many conservative investors still criticize the Internet industry, no one can stop the torrent of rapid development of this industry.
The Internet may not necessarily represent the future, but it is a very important industry in the future.
Luo Nan always knew this very well, and knew that if the Internet industry wants to grow, it urgently needs funds and needs a wider promotion platform, so he chose the path to go public.
Out of trust in Ronan, not only Tom Cruise, Will Smith also raised $30 million to wait for Netflix to go public next month.
These two people quickly achieved asset appreciation in investing in Manchester United, and their confidence in Ronan is stronger than Ronan himself.
Regarding Manchester United club, Mansour contacted Ronan again. Half of the season gap has passed, and he wants to know what Ronan is thinking.
Selling Manchester United now does benefit a lot, but Ronan believes that Manchester United will continue to appreciate in the future if they stay in their hands.
Ronan asked Tom Cruise and Will Smith about their opinions, and they were all based on him.
Although there is no clear answer to Mansour for the time being, Ronan's tendency is already clear.
Ronan called Ferguson specifically and said that he had heard relevant rumors. It was said that Ferguson was about to retire and asked him the truth or falsehood of this matter.
The importance of Ferguson to Manchester United is self-evident.
Its role is far more than coaching the team. Ferguson has even considerable deterrence to the referees and the FA.
These were all established step by step over more than 20 years, and they were not achieved immediately by inviting a famous scholar to come.
There was once a coach who started the first season of the Premier League and then said that the Premier League was just like this. Originally, many protective invisible penalties because of beautiful football not only disappeared immediately, but the referees later taught him how to be a human being in minutes.
However, in recent years, there have been very few punishments that have been very unfavorable to Manchester United in the Premier League.
It can even be described as rare.
This kind of intangible, invisible, but real thing is part of today's commercial football.
As long as Ferguson is here, Manchester United's results will be guaranteed, and results are a very important part of business value.
Ferguson is no longer young. When he had conflicts with two former Irish horse racing tycoons, he also considered retirement.
But Manchester United shines brightly this season, and everything in the club is back on track. Even though Ronan, the new boss, has stricter supervision of club operations, it has given him great trust as the head coach and brought a group of new players with infinite broad future.
The so-called retirement idea has long been thrown into the garbage dump by Ferguson.
Ferguson made it clear to Ronan that as long as his health does not appear, he will not consider retirement-related matters in the next five or six years.
With Ferguson in Manchester United, it is a guarantee of stability and will continue to appreciate.
Ronan's tendency in choice is self-evident.
In addition, another point also affected Ronan's relevant considerations.
Manchester United's contact with Barcelona and Leo Messi's father has received preliminary feedback.
After Manchester United tentatively proposed a 50 million euro package of the offer from Xavi, Iniesta and Messi, Barcelona rejected Manchester United's bid and solemnly stated that these three players are not selling products!
In football transfers, some clubs suggest that a certain person is not selling, but often do not say that they will not sell, but that they have other considerations.
Barcelona's current core is Deco, and the number one star is Ronaldinho, who is very popular and seems to have not reached its peak, and there is no decline at all.
Xavi, Iniesta and Messi are important to Barcelona, but apart from Xavi, in the private contact between Manchester United and Barcelona, Barcelona did not bite so tightly.
Manchester United has also had private contact with Messi's father and Iniesta's agent. The two players have certain doubts about Manchester United. After all, the styles of the Premier League and La Liga are very different.
But the price offered by Manchester United is very engaging.
Especially Leo Messi's father, Manchester United's favorable conditions have touched him.
Money is not omnipotent, but in most things, it is a master key.
The specific negotiations continue, and Ronan also expressed concern, allowing Manchester United clubs to set Leo Messi as their number one target.
Just imagine, there is a letter Ro, on the left and Messi on the right. How beautiful is this picture?
Of course, it is also possible that these two people will be incompatible, and that doesn't matter. Deleting the key points of the Universe team in advance will also help Manchester United become a phenomenal team in European football in the next few years.
After all, Ronan is a businessman after all, and the first thing he must consider is the value of the club.
Just as Relativity Entertainment never puts the commercial value of a film on the quality of the film, the business football league is not solved by on-field games alone.
Chapter completed!