v3 Chapter 909： Various investment results

Entering December, various acquisition tasks have entered a critical period. In order to complete the acquisition within the set time, all acquisition teams have accelerated their work. Therefore, the working atmosphere of Polaris Capital has been affected, and various work efficiency has been affected. Promote.

On December 3, an investment result made Xia Yu very happy.

The Silicon Valley relational software company, the predecessor of Oracle, once again ended financing.

This time Polaris Capital has all eaten up 15% of the shares released by the founder team.

Not only that, while ensuring that the original 10% of the equity is not diluted, Polaris Capital also acquired the equity of the original two shareholders.

Polaris Capital now holds a 33% stake in the relational software company.

In the high-tech field, in addition to relational software companies, Polaris Capital now also holds shares in IBM, Ian Xin, AMD and Intel.

Originally, Polaris Capital held 3.01% of the shares in IBM. Even so little, it cost $1.109 million.

Later, after receiving Xia Yu’s instructions, Peter Lynch spent another 748 million U.S. dollars to acquire 2% of the shares and increase the shareholding ratio to 5.01%. The fifth largest shareholder.

The reason for spending a huge amount of money to increase holdings is that Xia Yu has a lot of money and has no place to spend; the second is to use IBM to expand the influence of Polaris Capital, and the third is naturally because Xia Yu knows IBM's personal computers. It will be released next year, when the stock price will rise, and it will make a lot of money.

As for Yi Anxin, Polaris Capital invested one million U.S. dollars during the angel round and obtained 40% of the equity.

But after such a long time, with the rapid expansion of Yi Anxin, one million dollars has long been consumed.

In the A round of financing, Polaris Capital once again led the investment. While ensuring that the original equity was not diluted, it took another 8% of the shares released by the founding team and increased its holdings to 48%. .

As for the shares of AMD and Intel, Xia Yu previously entrusted Tiger Fund to purchase part of it, and then after Polaris Capital established a branch on Wall Street, Polaris Capital personally came forward to purchase the stock.

Among them, it acquired 18.2% of Intel Corporation's equity at a cost of 377 million US dollars.

AMD’s size is much smaller than Intel’s. Polaris Capital has only spent US$103 million to acquire 21.6 percent of the equity from the secondary market and major institutions.

In the high-tech field, in addition to these companies that have been named in Xia Yu's heart, Polaris Capital has also invested in many companies, but they are still in the angel round and the A round stage. Most of the investment has increased in value, but Xia Yu After simply understanding, I don’t pay attention.

Among other investment areas, there is an investment that both pleases Xia Yu and regrets him, and that is to increase the shareholding of Wal-Mart.

Although Wal-Mart was listed in 1972, the Walton family has too much control over Wal-Mart.

Even in later generations, the Walton family holds more than 65 percent of Wal-Mart.

But now there is even more. Members of the Walton family hold 69% of the shares. They only released 25% of the shares when they went public in 1972, and then they have cashed out a total of 6%.

In the case of no success in acquiring equity directly from the Walton family, Polaris Capital can only fully acquire shares from retail investors and institutions.

Fortunately, Wal-Mart has not yet exploded. From its listing in 1972 to this year, its stock price has only doubled, and the market is only more than 300 million US dollars.

And Wal-Mart’s stock price often fluctuates and falls, and it is a risky stock in the ratings of major Wall Street institutions.

Therefore, when Polaris Capital had a slight premium, it quickly acquired a lot of equity.

So far, Polaris Capital has acquired a total of 28.2% of Wal-Mart’s equity at a total cost of over 110 million U.S. dollars.

It can be said that the acquisition team of Polaris Capital has done its best to acquire more than nine levels of stocks that are circulated in the market except for the Walton family.

Of course, this acquisition process should be relatively long, mainly to reduce costs, and does not arouse the vigilance of the Walton family.

In order to make money steadily in the future, and in order not to be jealous in the future, under Xia Yu’s instructions, these shares have been dealt with many times. On the bright side, Polaris Capital holds only 8.5% of the shares and obtained Walmart’s A board of directors is assigned to the board of directors and board of supervisors of Wal-Mart.

As for the remaining 19.7% of the equity, all are distributed under the offshore registered company of Polaris Capital.

After working for a few days in the company, Xia Yu found time to meet Ronald Reagan and helped Rhodes Saxon.

Ronald Reagan gave Xia Yu a positive answer. Rhodes Saxon will at least be one of more than 20 presidential assistants and will carefully consider his position arrangement.

On December 12th, Apple officially listed its shares.

Under the close watch of the major Wall Street giants, Polaris Capital, after all, failed to squeeze into the ranks of Apple's underwriters.

Since he couldn't get it, Xia Yu simply asked the company to temporarily give up its investment in Apple.

But giving up does not mean that Xia Yu is not paying attention.

On this day, Apple issued 4.6 million shares at an issue price of US$22 per share. At the close of the first day, the stock price was fixed at US$29 per share, a 30% increase. 1.8, Apple's market value stayed at $1.778 billion.

On this day, Apple executives produced four billionaires and forty-three millionaires.

Three more days have passed since the busy schedule, which is December 15th.

The electoral colleges of the states went to the capitals of the states to vote in the presidential elections. The results of the voting were exactly the same as the results calculated on November 4. No one was so stupid that they would offend the incoming President in this situation.

After the number of votes is determined this means that Ronald Reagan's appointment is a certainty, and no one can reverse it.

Seeing that there was only more than a month before the presidential inauguration on January 20, Ronald Reagan began to divide the cake in the true sense. On the one hand, he determined the personnel arrangements of the White House, and on the other hand, he found the Republican leader Benjamin Carr. , Began to discuss and determine the candidates for each department of the cabinet.

In the next more than a month, Ronald Reagan is destined to be too busy.

Fortunately, Xia Yu has supported Rhodes Saxon a few days in advance, and there is no big problem.

On this same day, after two months and twenty days, Peter Lynch finally brought fruitful results to Xia Yu.

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