Chapter 277

Chapter 277 The little rabbit obediently moved out of the way

"Subscribed for $32.5 billion?"

120 Broadway, New York. The four towers of the World Financial Center in Manhattan.

At the Merrill Lynch headquarters, on the 34th floor.

CEO David Komansky heard Charlie's news.

The CEO was almost ostracized by the black president in disbelief. Charlie Shaf nodded in confirmation: "There's nothing wrong with $32.5 billion. When David Mellon announced it, most of the CEOs of major Wall Street companies were present. He shouldn't have lied in advance." face so many people."

After hearing this, David Komansky still couldn't believe it.

That's $50 billion, just a $50 billion private equity fund!

It hasn't even been announced to the outside world yet, just an internal registration. Is it too far gone? Look at David Komansky, still not convinced.

Charlie Scharf adds another piece of information.

"Berkshire Hathaway has registered for $5 billion. PNC Financial Services Group has also registered for $5 billion. Citibank has also registered for $2 billion. Fidelity also registered 2 billion USD. Wells Fargo also registered for $2 billion. ."

"These five companies have applied for a private placement worth $16 billion. They have signed a preliminary letter of intent."

"So I think this data must be true," Charlie Schaff said.

Hearing the names of these companies, David Komansky had to agree with this issue.

Merrill Lynch CEO said:

"Charlie, you should contact David Mellon immediately and say that Merrill Lynch is willing to guarantee five... billion dollars."

"Understand." The soldiers were quick and Charlie Schaff called David Mellon directly to the scene. The phone cannot be reached and is in busy mode.

After playing for nearly ten minutes, Charlie played a few times.

I finally contacted David.

"Hello David. My name is Charlie, Charlie Schaff."

"Correct. I want to ask about Smith Capital's seventh private placement.

"What? Only 12 billion USD left?"

» Charlie Schaff said in surprise as he looked at David Komansky.

The CEO naturally understood that Charlie Schaff was referring to Smith Seventh Private Equity.

The registered amount is only 12 billion US dollars.

An hour ago, this number was 17.5 billion VND. In one hour, this will save $5.5 billion.

David Komansky is also decisive.

Otherwise, when O'Neill was overthrown, the black president would not have been immediately brought to justice.

David Komansky immediately whispered:

"Register, register, register. One billion dollars. No, tell him Merrill Lynch wants $1.5 billion. »

Charlie Scharf clutched the phone: "Sir, are you sure it's 1.5 billion?

"Of course." David Komansky stated emphatically.

Charlie Schaaf informed David of Merrill Lynch's intention to underwrite.

Then I waited until three o'clock in the afternoon, only four hours had passed.

Charlie Scharf and David Komansky heard the news.

This time it is a private equity fund recruited by Smith Capital. Before being officially announced to the outside world, it was divided by Wall Street giants.

In other words, pre-existing investors.

Except for Wall Street and some financial institutions.

Ordinary rich people like Baron Hilton and Ted Lerner.

Before they had time to hear the news, before they even started, the registration intention had already exceeded 50 billion US dollars. After hearing the news, David Komansky and Charlie Schaff felt a little relieved.

"It's very popular." David Komansky said helplessly:

"It seems like Wall Street has a lot of confidence in Abel Smith."

Charlie Scharf also nodded.

But as a consultant, it's also about clarifying your own relationships and responsibilities.

Charlie Schaff said gently:

"Mr. Komansky, is there any possibility that it is Smith Capital, deliberately creating the illusion that their private equity is popular this time?"

"Because you know. Berkshire Hathaway and PNC Group both accepted Smith's offer and are both shareholders of Smith Capital. »

"Fuguo and Citigroup have always been good partners of Smith Capital. Only one company, Fidelity, has no connection to Smith Capital. However, there are also rumors on Wall Street that Peter Lynch, the former vice president, has retired. retired from Fidelity, admires Abel... Smith very much"

"You said, is that possible?"

In fact, David Komansky has also thought about the question Charlie raised.

There are so many conspiracies on Wall Street. Smith Capital intentionally created a false appearance to attract investment from investors and failed to create a situation of oversupply.

But David Komansky thinks that is unlikely to happen.

The reason is very simple.

Smith Capital's first three private placements are rare.

The total capital from these three private placements is 9 billion USD. When the first 3 times all achieved great success and investors earned huge profits.

Smith Capital's seventh private placement raised double or more on $9 billion.

There's not too much pressure.

This way, at least half of the $50 billion private placement could be completed.

Right now, if there are some major organizations that want to bet that Abel Smith can continue to succeed. This can easily lead to the current state of jerking.

Under the haste of many people, more than just registering, the money has not been transferred yet.

There is still room for regret.

This Smith Capital has a quota of 50 billion US dollars.

Without notice, it sold out in half a day. The possibility is very high.

It is like pre-ordering new mobile phone products on the e-commerce Internet of the future.

There is no fee or very low deposit. The number of orders will be much larger than the number of people actually buying the phone.

If something happens to Smith Capital in the middle, the subscription limit will be 50 billion US dollars. David Komansky feels that this is not easy to achieve.

But David Komansky decided to take the lead anyway.

Regardless, the signing of the formal contract and the transfer of funds can be made later, and the transfer can be completed once security is confirmed.

If you don't invest in monitoring, you'll only lose an intentional amount of money, a few million dollars at most.

In fact, that's what most Wall Street institutions do. So don't look at Smith Capital, this unique, out-of-the-box, out-of-the-box private placement was done so quickly.

He and Abe Smith couldn't really make it happen.

It also depends on the arrival of further funds and the official signing.

Meanwhile, miles away from Merrill Lynch headquarters.

LIC area of ​​Queens, across the East River from Manhattan Island. Capital Smith,

Smith Building.

In the office on the fourth floor.

David Mellon also informed Abel that the $50 billion private placement was fully subscribed.

Abel's views on this issue are actually similar to those of David Komansky.

Abel also knew that this kind of registration intention was wrong before the money was credited to the account. Therefore, Smith Capital's approach is also very pragmatic, i.e. like other private equity funds, continuing to recruit outside investors.

In many cases, the subscription purpose and subscription limit may often exceed the actual quota of the private placement.

For example, the private placement quota is one billion US dollars. In the case of fund managers and management companies relatively well.

If investors agree, subscription intentions often exceed one billion US dollars, and some even double or triple. Thinking of this, Abel said:

"We would like to announce our plan to recruit investors. Smith Capital's seventh private placement has been officially established. At the same time, we would like to inform investors that first come, first served." First come first served. This time is the same as the previous three times. We only need 50 billion USD.

"Understand." David's response was quick and simple. Smith Capital's CEO can be said to be the person who has the most confidence in his company's chairman's investment ability on Wall Street.

Regarding this issue, on the afternoon of June 30, 2001.

Smith Capital, known as the sixth largest investment bank on Wall Street, has announced the company's seventh private placement plan.

The amount of this private placement is 50 billion US dollars.

The head of the fund manager is Abel Smith. The management team includes CEO David Mellon,

The two presidents, Jed and Merio,

and dozens of other elite people of Smith Capital.

The minimum registration amount for a transaction is 1 million USD and there is no upper limit.

First come, first served, first come, first served and first to sign contract will receive.

At the same time, Smith Capital, through "American Sun" and "Wall Street Journal", as well as the AMC Cable television channel, announced the names of dozens of Wall Street institutions that have registered and signed letters of intent . to register. .

Open this list, rich people from all over America. They will discover that one of the above names is a big man on Wall Street or an American financial giant...

Berkshire Hathaway, PNC Financial Services Group, Citibank, Fidelity Investments, Wells Fargo, Goldman Sachs, Lehman Brothers, JP Morgan, Morgan Stanley

That night, Abel went with Ikana.

Father Ikana's phone call reached Ikana.

Ikana answered the call and after listening for a few minutes, she reluctantly gave the phone to her boyfriend next to her.

"My father is looking for you. He wanted to invest in Smith Capital's seventh private placement, he blamed me for not informing him sooner."

"Oh my God! I never cared about your business. It's not that he doesn't know. This time your blame makes me very unhappy! »

Ikana complains to Abel about his father.

Abel smiled and said, "Are you really unhappy? Then let me help you take revenge on him. If I refuse his investment, that's considered revenge on him, right?

Ikana was speechless, then said flatteringly: "If that's the case." My dad probably won't let me go back to the Ted Lena Building again in the future!

"Haha~"

Abel laughed loudly, hugged Ikana and kissed her on the mouth.

Then she picked up the phone and talked to Ted Lerner.

As he spoke, Abel interrupted Ted Lerner's intention to learn about private investment funds.

Abel spoke first:

"Hello, dear Ted. How was your conversation with Michael Jackson? I read the latest news. In two days, Michael will appear in court again with Sony."

"I went to see him. He was hesitant." Ted Lerner said, "Leave it alone."

"Let's talk about this first." Abel smiled and said:

"It's MJ. God knows how much I would like to have him in my company. So I can tell everyone later that I'm MJ's boss. Don't you think that's cool?"

Ted Lerner had no choice but to whisper:

"It's really great. But Abe, Michael is like that. He seems very gentle, but God cannot change his mind about the things he decides."

After saying these words, Ted Lerner probably also knew that Abel was intentionally torturing him in this way.

Ted Lerner didn't give Abel that chance: "But don't worry, I'll keep talking to him. That's the next question. But Abel, I think we should talk about private equity.

"$150 million."

Abel said frankly:

"I will give you a quota of 150 million US dollars. You only need to withdraw 130 million US dollars, and I will make up for the remaining 20 million US dollars."

"So, how much does it cost?"

Ted Lerner hesitated.

Wall Street and New York both say that Abe Smith is very generous and his money is easy to get.

But if you take his money, you have to show off, otherwise

"The price to pay is that in the future, Ikana and I, no matter what happens, you won't have to worry. You can't say stupid things in the media."

Ted Lerner understands this.

Abel paid himself hush money and this hush money amounted to 20 million US dollars.

At that time, Ted Lerner did not know who his daughter was pregnant with.

Ted Lerner was very smart and he guessed that Abel must have had some reason for doing so.

Twenty million dollars is certainly not easy to come by. But. Does that matter to him, Ted Lerner?

D. Ikana Lerner is Ikana.

D Ted Lerner is Ted. If you ignore the Abel and Ikana case, you can get $20 million for nothing.

Ted Lerner wouldn't say no.

"I agree. But I don't have $130 million in cash yet. I don't need that much quota. Can I give this quota to someone else? »

"Sure no problem." Abel smiled.

"It's okay. By the way, Abel, I heard the closing time is two years?"

"Correct."

Smith Capital's first, second and third private placements all have expiries of just 180 days.

This is an extremely short closing period.

For the seventh phase of the private placement, the closing period has been increased by Abel and the closing period is two years. Investors can understand. After all, this private placement amounted to 50 billion US dollars.

The $3 billion and $50 billion private equity management boards are still struggling to turn a profit, which is clearly not the same thing.

In fact, the two-year closure period was too short.

Normally it's five years, ten years, fifteen years. That's a bit of an exaggeration, twenty years, twenty-five years, thirty years.

With a closing period of two years, the private placement is such a large amount.

Wall Street would never believe it if the company was run by someone else.

Now it's Abel, with the previous 180-day closing period an omen.

Wall Street, including other investors, are grateful for this. Of course, these are just simple expressions.

When it's time to sign the contract. There will be a lot of heavy, detailed terminology after the decimal point 0.00001.

There are many PwC and other similar firms on Wall Street that rely on accounting calculations and financial laws to survive.

Among these companies, there were four that could become the top ten private companies in the United States. This proves that legal traps and contracts based on legal loopholes cannot exist when both sides on Wall Street are not short of this money.

Being able to sign a contract proves that both parties are satisfied with the contract.

This is also the importance of the existence of accounting and actuarial firms like PricewaterhouseCoopers, which are also the backbone of Wall Street.

Ted Lerner hung up.

Abel returned the phone to Ikana and hugged her. "How are you? Have you thought about that?" Abel smiled and asked her: "Where do you want to raise the baby? I feel that New York is not suitable to raise the baby. Compared to New York, Los Angeles is better."

Abel questioned after Ikana called him that day.

He returned to 8 East 63rd Street on Manhattan's Upper East Side, asking Ikana to think about a question. This is where she wants to raise her children.

A normal person's wife is pregnant and such a condition does not exist. Of course, wherever the house is, wherever the husband works, the children will be raised there.

The rich man's wife is pregnant, so of course there is no need to be locked up in one place like ordinary people.

There are so many places to choose from and there are so many places in this world where the rich are paradise. Ikana had been thinking about it for a few days.

"Paris and I researched many places." Ikana spoke excitedly, and as she spoke, she discovered that Abel's hands were right where they should be.

This made Ikana stop and lovingly hold his hand: "I'm pregnant!"

Abel boldly and frankly said: "Pregnancy is pregnancy. Which doctor said you can't touch me when you're pregnant?

Ikana thought so too, could only endure this strange feeling and whispered:

"Then calm down. I think they started swelling after pregnancy."

"How can it be so fast?" It's only been a few days? Abel doesn't believe it.

This time it's Ikana's turn to be confident," the doctor said. After pregnancy, hormonal changes in the body will be evident. It starts from day one and will become clearer every day."

"Alright." Abel said resentfully: "Then from now on I will be more gentle."

Ikana also knew that he couldn't let her go. In fact, the more he loved her, the happier Ikana was.

That was his charm, the appeal to him!

"Come on. Remember to be gentle." Ikana relaxed her body and let her boyfriend go

While embracing each other, the two discussed where to raise the babies.

That's when Paris fell.

Hilton's great lady had long turned a blind eye to this scene. Paris walked towards the two people, sitting not far away, looking at Abel's large moving hand.

"Is it that easy to touch?"

Paris finally couldn't help but ask.

The sound is very soft.

Ikana and Abel heard it.

Both of their attentions were focused on Paris. (end of this chapter)