Rebirth 76: Industrial Internet Empire

Wall Street, New York, Morgan Stanley headquarters.

Under the guidance of the staff, Yang Mo walked to the reception room and sat down when Gorman opened the door and walked in. He stretched out his hands and said with a smile: "Mr. Yang, welcome to Morgan Stanley. I am CEO James - Gorman!”

"Mr. Gorman, I have long admired you!" Yang Mo also extended his hand and said politely.

"Mr. Yang, this is so exciting! It's like a textbook long-short game..." As the saying goes, a person can be flattered by a thousand tricks, but Gorman knows very well that the best way to get closer is to use tricks to praise him. !

Yang Mo smiled bitterly and said: "Mr. Gorman is ridiculous! In fact, Zhiyuan Group reduced its holdings of some stocks in order to acquire Vivendi Group. Just in order to reduce its holdings, it did risk hedging in Nasdaq futures. Even so, Zhiyuan Group Still suffering heavy losses! You, Morgan Stanley, are the biggest winner in this long-short game!”

"Heavy losses?" Gorman asked in confusion.

Yang Mo spread his hands and said: "The Internet bubble burst suddenly, and the market value of Zhiyuan's companies evaporated by tens of billions. The profit from Nasdaq futures is not worth mentioning at all. In fact, we are the biggest losers!"

"It's normal for the company's market value to fluctuate, and it will rise again soon! You chose to reduce your holdings at the highest point of the Nasdaq, and then completely defeated the Furong Group in the Nasdaq futures market. This is an incredible achievement. It can be called the most classic business investment case on the New York Stock Exchange!" Gorman praised.

Yang Mo chuckled and said: "Mr. Gorman, Yasuda Kaga is not so much defeated by us as it is defeated by the brokers!"

"How do you say this?" Gorman said with interest.

"This time the Internet bubble burst very suddenly. The major capital giants on Wall Street all held a large number of technology and Internet stocks. The so-called short sellers were just forced to short hedge funds in the Nasdaq futures market. There was no real big short position. Yasuda Kaga Too cautious, the market has a bit of panic, people enter the market indiscriminately to protect the market, and a lot of funds are consumed. Whether it is a long order of stocks or Nasdaq futures, the holding cost remains high, which leads to the final inability to control the market..." Yang Mo Yi[-] analyzed.

"Mr. Yang, your analysis is very reasonable! But why do you say it was defeated by brokers?" Gorman asked curiously.

Yang Mo laughed and said: "The wealth effect brought by Internet companies has made many investors lose their minds, and they have increased their capital leverage to operate full positions. As a result, as long as the increase or decrease reaches 25-30%, their positions will be liquidated. This is not a gift to brokers." Money, the time of the wide fluctuation initiated by the brokerage was far away from the delivery day, and it had nothing to do with the long-short game. Yasuda Kaga was too cautious, and his opponents were just reducing their holdings and entering to protect the market. The brokerage was also harvesting the liquidation orders. You have to go in to protect the plate..."

"Haha... This view is very unique, and there is some truth in it!" Gorman laughed.

"Mr. Gorman, I made a special trip to visit you this time because I want to ask you a question..." After chatting for a while, Yang Mo revealed the purpose of his visit.

"What's the problem?" Gorman asked curiously.

"You also know that Zhiyuan Group only listed Amazon's North American business on the New York Stock Exchange last year..."

"Amazon's European business and Asia-Pacific business are also preparing to be listed?" Gorman asked excitedly before Yang Mo finished speaking.

Yang Mo nodded: "I have this plan! But I feel that the time is not right now. The bear market in Nasdaq may continue for some time!"

"No... no, even if it is a rare stock market crash, Amazon's overall trend is good, and investors have great confidence in Zhiyuan Group! If Mr. Yang is still worried, Amazon's European branch can choose to IPO in London. Mr. Yang, you You may have heard that Morgan Stanley's original headquarters was in London's Financial Street. If you believe us, Morgan Stanley will definitely fight for your best interests!" Gorman said confidently.

Yang Mo nodded: "I personally have no doubt about the strength of Morgan Stanley! Otherwise, I wouldn't have made a special trip to ask for advice. What about the Asia-Pacific business? Where do you think the IPO is suitable?"

Gorman pondered for a while and then said: "Amazon China has not yet started to make profits. It does not meet the listing requirements of the China Securities Regulatory Commission and cannot be listed in mainland China in the short term! Then the best remaining options should be Xiangjiang and Nasdaq. Gram, in both places, Morgan Stanley has sufficient resources to provide you with the best services..."

Yang Mo smiled and said: "Mr. Gorman, thank you for your answer! When the time comes, I will invite Morgan Stanley to tailor our IPO plan. I hope we will have opportunities to cooperate in the future!"

"Mr. Yang, from the perspective of company operations, the earlier the IPO, the better. This way we can obtain valuable development funds..." Halfway through, Gorman felt that something was wrong. Amazon was really different from other start-ups. The company is different. Backed by the big tree of Zhiyuan Group, they are not short of money.

"Mr. Gorman, thank you for the reminder! I heard that Morgan Stanley is disposing of the assets of Aikon Computer?" Yang Mo politely thanked him and asked pretending to be casual.

Gorman nodded: "What? Mr. Yang is interested?"

"Are you prepared to dispose of Aikang Computer's shareholding in arm?" Yang Mo continued to ask.

Gorman smiled bitterly and said: "This is almost the only high-quality asset in Aikon Computer's hands. However, several companies are approaching it. What? Do you want it too?"

Yang Mo chuckled and said: "If the price is right, I can consider it!"

After Gorman pondered for a while, he took out a stack of documents from the drawer and handed it to Yang Mo and said: "It just so happened that when we acquired Aikang Computer's assets, Deloitte issued them an asset valuation report. This part is about ARM’s evaluation report, which adds the impact of the bursting of the Internet bubble and ex-dividends on the company’s price-to-earnings ratio, should be a relatively pertinent report. It is roughly the same as the market value calculated from the average share price of ARM on the London Stock Exchange in the past six months..."

Yang Mo took the appraisal report. After reading it for a while, he raised his head and said, "Mr. Gorman, I like to deal with people who are cheerful! I will settle according to the price in your appraisal report. The arm held by Aikang Computer We want the company's equity..."

Yang Mo has always created this kind of character. When he should care about it, he must compare his penny and penny. When he shouldn't care about it, he is so forthright and carefree that he treats negotiation as a child's play!

After negotiating the transaction framework, Gorman immediately asked his staff to draw up the contract, and after passing it to Zhiyuan Group's legal department for review, Yang Mo signed his name, and the transaction was completed...