Top of the Great Era

Chapter 1855
When I arrived in Miami, I met several presidents of the Miami Real Estate Brokers Association, accompanied by five or six top brokers, to serve Boss Zhou together.

The last time there was such a big scene was when Bill Gates came to Miami to buy real estate last year.

Bill Gates' daughter is good at horse racing, and the richest man wanted to train her well. He originally said he wanted to buy a jockey club in England, but after staying in England for a while, his daughter really couldn't adapt to the British environment, and she couldn't even speak the language.

No way, Bill Gates came to Miami's Palm Island, which is the holy land of polo.Then he bought a Jockey Club here and bought luxury real estate.

That was 4 months ago.

Zhou Buqi still held his eldest daughter Niannian in his arms this time, so he didn't want to be so ostentatious. After eating a meal and accepting the other party's kindness and enthusiasm, he expressed that he wanted to see it for himself in private.

The other party understood, and left an excellent female agent of Lauren Mars, who is in her 30s, to serve Boss Zhou all the way. All resources can be called at will, all properties for sale... even sold and do not want to sell properties Resources can also be coordinated!

For Boss Zhou, the top five richest people on the Forbes rich list, as long as he likes it or not, there is no consideration of whether he can buy it or not.

"The Miami Association of Realtors is the largest association of realtors in the United States. We have the most resources in the United States, including economic resources and political resources. Mr. Zhou, look..." Lauren is a black-haired Jewish woman, she pointed Referring to a state-owned Italian-style property with cultural relics that has become a tourist attraction in front, "If you like, we can help you clear the relationship and turn this public property into your private domain."

"No, my biggest request is the protection of privacy. I don't want to attract the attention of anyone or the media."

Zhou Buqi immediately declined the other party's kindness.

He knew that the opponent was very powerful.

The first batch of top rich people in Miami were all Jewish, and they were the richest group of people in early America.These people gathered in Miami are intertwined, and they have a relationship that can reach the sky. There is nothing but unexpected and impossible.

When Zhou Buqi was operating Neptune Capital, he came here to look for investors, and he had seen their demeanor.

Lauren said with a smile: "Since last year, rich people from Brazil, Venezuela, Argentina, and Chile have all started to buy houses in Miami, setting off a storm of buying real estate, which has led to a substantial increase in real estate prices here."

Zhou Buqi was very curious, "Oh? Why?"

Lauren Mars is an elite, far from being comparable to ordinary real estate sales. He said with a chuckle: "It has something to do with the subprime mortgage crisis. In order to solve domestic conflicts, the United States can only find a way to transfer it abroad."

Zhou Buqi got to the bottom of it, "What's the specifics?"

Lauren said: "It is mainly a financial means, using the US dollar's dominant position to harvest overseas wealth to save the domestic economy. The first to suffer are these weak developing countries in South America. The rise in the exchange rate of the US dollar against the currencies of South American countries makes Investors in these countries have less buying power."

Zhou Buqu nodded, "Well, real estate is a good choice."

The United States’ mischief has caused the value of the currency held by the rich in South America to shrink. In order to protect their property from being harvested by the invisible hands of the Federal Reserve, the rich in South America can only exchange their assets into US dollars.

It's useless to put so much money in your hands.

If you keep it in your hands, it will only depreciate.

That can only be an investment.

Either invest in the stock market, or invest in the housing market.Last year, the Nasdaq rose fiercely, and the real estate market in Miami was also snapped up by South American rich people, all of which were related to the return caused by the appreciation of the US dollar.

However, the subprime mortgage crisis was too serious.

It’s still too early for the U.S. economy to recover. Now only the technology industry is recovering, while other industries are still depressed.It is not enough to harvest the South American market alone. The remaining developing countries... Africa has no chance, so it can only be China, India and Eastern Europe.

After such an analysis, many major international situations can be seen clearly.

Now the target of the United States is mainly South America, so rich people from South America come to the United States to continuously invest and start buying and buying along the way... After a few years, the big domestic companies and rich people will inevitably start the same process.

In fact it is.

In recent years, rich people from South America have come to Miami to buy houses.In a few years, there will be a mighty rich man in the country, and the momentum can be called thunderous, and the autumn wind sweeps the fallen leaves.

Of course, most of the houses here are luxury houses, which ordinary people cannot afford. The average real estate price is as high as 230 million US dollars, and the transaction volume in 10 months exceeds 200 billion US dollars.

When it comes to real estate investment in the world, it is definitely the most cost-effective to buy a house in Miami now, and the increase in house prices is much higher than that in Beijing, Shanghai, Guangzhou and Shenzhen.

With Zhou Buqi's strength, he doesn't need to rely on real estate to invest. Buying a house is mainly a way of life, so he can enjoy life better.

Holding Nian Nian in his arms, Zhou Buqi, together with Wen Zhixia, Zhen Yu and Ning Yaxian, walked along the coastline of Miami.

The average house price in Miami is not as good as that of Los Angeles and New York, but the price of luxury houses on the beach or Palm Island is almost skyrocketing, even more exaggerated than New York and Los Angeles.

Soon, they came to the newly built luxury apartment that Zhen Yu was optimistic about.

Go upstairs and visit.

Quite disappointed.

Many of the top mansions in New York and Los Angeles are divided by floors. There is only one household or two back-to-back households on a floor, so that the area is large enough and a private swimming pool can also be designed.

This "reflection machine" apartment, which is like an architectural work of art, is not so good. There are seven or eight houses on one floor.

Lauren explained this, saying that the price of the first floor is tens of millions of dollars, which even many rich people cannot afford.It is better to cut and sell them separately. Each house is only a few million dollars, which many Hollywood stars can afford.

Zhou Buqi was slightly taken aback, "Hollywood star?"

Lauren looked a little embarrassed, "Yes, several Hollywood stars have purchased real estate here. Hollywood stars are not welcome in the estates over Palm Beach. If they want to come here to buy real estate, they usually buy apartments or townhouses. "

Zhou Buqi is not very satisfied.

This is not good!

He didn't want to live in an apartment with Hollywood stars. It wasn't that he looked down on them. It was because Hollywood stars were too eye-catching and could attract the attention of the media and others.

Moreover, it is difficult to have an independent private swimming pool in such subdivided luxury apartments.

You can't go to the public swimming pool downstairs, can you?

He doesn't want to expose his privacy too much.

Lauren quickly said: "The top four floors are not cut, and there is a private swimming pool and an independent elevator, which can protect the privacy to the greatest extent, but the price... is slightly higher."

Then, she briefly introduced that the area of ​​a single floor is about 5000 square meters, and that different floors have different areas and prices.Because it is a sea-view room, the higher the top floor, the more expensive it is, and the price of the top floor is as high as 1.8 million US dollars.If you talk about it, you can also give a good discounted price.

Money is not a problem, but this kind of messy living environment is really unpleasant.

It's not like an apartment in New York.

Zhou Buqi's apartment in New York has two floors with an area of ​​only 1500 square meters, and a total of six bedrooms.

Miami is different here, it is tropical, it is a place for vacation and living in winter, and it is a place where the whole family wants to come.

Moreover, it is close to the Atlantic Ocean, and the United Kingdom is across the sea, which is also convenient for luxury yachts to go back and forth.

It's not a good idea to get an apartment here.

Zhou Buqi gave up on the train of thought of Senior Sister Zhen Yu, and said that he should go to Palm Beach to choose a large manor near the sea, just like the famous Mar-a-Lago Manor.

The top richest families all buy real estate on Palm Island, not on Miami Beach.

……

Wen Zhixia and Zhen Yu were still in Miami, while Zhou Buqi and Ning Yaxian went to New York to meet Zhang Chaoyang.

The listing time of Changyou is March 3th, Monday.

In another three weeks, it will land on Nasdaq.

However, there is still one thing that has not been completed right now, that is, part of the financing has not been resolved.

Changyou's current share capital is 15.5 billion, and the plan is to issue 2.3 million new shares, with a tentative issue price set at US$11.5.

If dealer investment banks Goldman Sachs and Morgan Stanley follow this plan, Changyou's market value will reach US$200 billion, and it is expected to raise US$26.5 billion.

Last year, Changyou’s net profit was US$5 million. Such an IPO plan is equivalent to a PE of 40 times, which is not too high.

But more in line with the current situation.

The current online game market is not very hot. It is in a cooling period. The market value of many online game companies is shrinking. The capital market is not optimistic about the online game market.

The main reason is that the scale of the industry has not increased as expected.

Why did Ninetowns give up "World of Warcraft"?
Because the revenue did not meet expectations and the popularity of players decreased, there was an illusion that "World of Warcraft" was no longer good and was about to be eliminated.In overseas markets, the number of players of "World of Warcraft" has decreased, and they all ran to play "Aion".

This led Zhu Jun to give up "World of Warcraft", and then introduced "Aion" with great ambition.

Unexpectedly, "Aion" encountered dissatisfaction in China, and the gameplay was not good, it was just a flash in the pan, and it was incomparable with "World of Warcraft".

All in all, in the current global game market, the PC Internet-based game market is relatively sluggish, and is looked down upon by capital.As a result, even with a PE of 40 times, Changyou was questioned by many large organizations during the road show.

I think 40 times PE is too high!
30 times almost!

The issue price must be further lowered!

Zhou Buqi would definitely not accept it. The development prospects of PC Internet games are indeed uncertain. Kechangyou’s prospectus has clearly stated that the purpose of listing and financing is to lay out the mobile Internet game industry.

He won't back down.

This creates difficulties for roadshows.

This time, the financing was 26.5 billion U.S. dollars. Such a large amount of money was poured into the secondary market. Even Nasdaq couldn’t bear it, and Changyou’s stock price couldn’t bear it at all.

If you want an IPO to be successful, you must cooperate with investment banks and other large financial institutions.

The three major investment banks Goldman Sachs, Morgan Stanley, and Citigroup underwrote part of the deal, while other financial institutions undertook the rest.According to the ratio, among the 2.3 million new shares issued, Goldman Sachs, Morgan Stanley and Citigroup underwrote a total of 8000 million shares, which will directly flow into the secondary market; the remaining 1.5 million shares will not directly enter the secondary market, but Take over by other financial institutions.

However, there are not many institutions currently taking orders, and with the strength of the three major investment banks, they are a little bit unable to push.

More than 7000 million shares remain for sale.

Big institutions are demanding lower issue prices.

Zhou Buqi came to Wall Street, met Lao Zhang and people from Goldman Sachs, and was dragged to visit Bain Capital to persuade them to accept Changyou's stock.

Zhou Buqi exploded when he heard it, "I'm going to visit them? What are you kidding?!"

Zhang Chaoyang said in a low voice: "Don't lose your temper. Although the underwriters are responsible for issuing the shares, we are also obliged to cooperate with them in the issuance work. This is written in the contract."

Zhou Buqi glanced at him and said angrily, "How much money does Bain Capital have?"

Zhang Chaoyang frowned, "That's big capital!"

Zhou Buqi dismissed the Goldman Sachs people, sat on the sofa with his legs crossed, and said disdainfully: "The Americans are deliberately lowering the price. The more anxious you are, the more they will bully you."

"Not at all." Zhang Chaoyang was a little amused, "Don't engage in conspiracy theories, Sohu is listed, am I not more experienced than you?"

Zhou Buqi said: "Even if it's not a conspiracy, we can't spoil them. Changyou's stock is so good, they should come to the door and beg to buy it, instead of us going to the door to sell hard."

Zhang Chaoyang sighed, and explained patiently: "If Changyou goes public, it will be the largest IPO of a domestic technology company listed in the United States. For many capital institutions, the risk is too great. Especially Changyou still makes games. Yes, the main business is in the country, and foreigners may not know the situation. We have to go and explain the situation to them.”

Zhou Buqi said casually: "I know Bain Capital, who is used to speculating and has no principles. Even if it is really done, once Changyou's stock price is unstable, they will definitely dump the stock into the secondary market." It's out."

"What should I do?"

Zhang Chaoyang couldn't see through this kid anymore, since he came to Wall Street, he just had to listen to other people's orders. Could it be that he still wanted to be the master?
Zhou Buqi looked flat, "How much share do you have now?"

"More than 7000 million shares, less than 7100 million."

"How much?"

"Based on the issue price, the total value is US$8.1 million."

Zhang Chaoyang's heart skipped a beat.

I vaguely guessed what this kid wanted to do. This guy is not a guy who plays cards according to common sense. He always makes amazing moves at critical moments!
Sure enough, the next moment of shock really appeared, Zhou Buqi said lightly: "Okay, I will collect the remaining shares! I have established a family fund and will receive all the remaining shares!"

(End of this chapter)