Chapter 356： Tesla's IPO

Many people take American law to protect the interests of both parties in marriage, especially the woman, to compare it with the situation in China. In fact, many of these "goods" are beauty created by distance.

It can also be seen from Li Hong's divorce. Previously, Li Hong's ex-wife filed a divorce lawsuit with him in the United States, and many of his appeals were not supported by the court. With the help of enthusiastic netizens who are always impulsive and always full of tears, I got the money that I couldn't get in the lawsuit in the United States.

If the laws of America were really that good, why didn't she go to court and bother writing small essays?

But for these, William Chen doesn't need to worry too much, because it is like his marriage with Ivanta. At the beginning, Ivanta has signed a contract with him. If he divorces later, he will not have any rights to Chen William's property. any personal demands.

And William Chen will not be a stingy person. He also proposed an agreement that if he divorces Ivanta, half of his shares in the TC Business Management Company will be given to Ivanta as compensation.

At present, the shareholding ratio of TC Business Management Company is held by Ivanta 5%; Tru Group holds 25%; Chen William holds 70%.

Once the two divorce, Ivanta will hold 40% of the shares of TC Business Management Company and become the company's largest shareholder, while William Chen's shareholding will drop to 35%.

But even so, William Chen will not lose control of the company, because TC Commercial Management also sold a total of $2.5 billion in convertible corporate bonds to Meta Group, and paid $1 billion from Goldman Sachs and Morgan Stanley. financing.

Therefore, when necessary, Chen William can request that these corporate bonds be converted into company stocks, and then he will immediately regain control of the company.

Of course, this is only when it is necessary, just like nuclear weapons, the deterrent effect is the greatest, and once it is used, the situation is out of control.

This is just a way for William Chen to closely combine the interests of himself and Ivanta. I am afraid that in the end, he will not use it. He still has this confidence, because he knows Ivan enough. Tower, she's a sane person and won't do stupid things.

...

William Chen came to the Meta Future Building again. After he transferred all the shares of the Meta Group to the Caitlin Foundation, in this year's Forbes list, William Chen still ranks among the world's richest people with a net worth of more than 10 billion US dollars. within the top 100.

This year's richest man in the world is still Mexico's Carlos Slim Helu, whose personal wealth is $74 billion. However, many believe that if Chen hadn't donated Meta Group's holdings to the Caitlin Foundation, he would have been a strong contender for the richest man, perhaps even already.

Because all the companies under the Meta Group are developing well, the valuation this year is much higher than last year. When William Chen donated the Meta Group before, it was estimated that those assets exceeded 60 billion US dollars, and now it will only increase. high.

However, Chen William himself would not care too much, because he knew very well that if he really wanted the title of the richest man in the world, it would be easy for him, but it would be even more difficult for him not to be found out as the richest man in the world. Challenging.

After the Caitlin Foundation acquired all the shares of Meta Group, it put 18.5% of Goldman Sachs Group and 12.5% ​​of Citigroup's shares held by the foundation into Meta Investment Company. And the strength of investment has been strengthened.

And after the Caitlin Foundation invested in gold futures last year, it took out $1 billion for charitable donations, while the remaining more than $5.4 billion continued to invest in U.S. stocks.

Now these funds have also merged with Meta Investment Company's original $15 billion investment in U.S. stocks to buy stocks. So far, the market value of the stocks held by the two has exceeded $43 billion, and only one of them has been sold. A fraction of a fraction of the stock is enough to support the Caitlin Foundation's $3 billion charitable endowment this year.

At present, the securities investment of Meta Investment Company is mainly divided into three funds:

The John Paulson Fund, which reached $20 billion during the subprime mortgage crisis last year, is headed by John Paulson. John Paulson can get half of the company’s profit share in this fund. .

It's just that after the brilliance of the subprime mortgage crisis, the fund's performance in the process of economic recovery was not particularly bright. Up to now, the rate of return is about 50%. The result of shorting the European debt crisis.

The 50% yield is the lowest among the three funds, but it is not bad compared to other funds. Anyway, this fund has always been able to provide Meta Investment Company with stable income sharing, so at present, the main thing is to delegate power to John Paulson to operate, and William Chen will not interfere any more.

The second fund is the Tianshu Fund run by William Chen. This fund also raised US$20 billion, of which US$15 billion was invested in the US stocks selected by William Chen, and the remaining US$5 billion. The U.S. dollar was shorted in the European debt crisis, making a profit of $2 billion and buying the bonds of the Atlas Fund.

Now there are still 5 billion US dollars of funds, while Chen William shorted gold futures in his offshore fund, he was using this 5 billion US dollars of funds to go long gold. Anyway, he does not pursue short-term gains, knowing that gold will definitely rise a lot in the future, so it is good to use these funds to go long.

Now the total market value of Tianshu Fund has exceeded 38 billion US dollars, and the yield has exceeded 90%.

The third fund is the Caitlin Fund. Originally, the Free Fund of Meta Investment Company merged with it, and now the total market value of its stocks exceeds 43 billion US dollars. rate exceeds 100%.

In addition, Meta Group's current holdings in HC Fashion Group, Tru Group, Tesla and SpaceX, as well as its holdings in Goldman Sachs Group and Citigroup, are all under the Meta Investment Company.

After Nielsen became the CEO of Meta Investment Company, he did not continue to invest blindly, but continued to consolidate the existing investment. This time William Chen came to Meta Investment Company mainly because Tesla is preparing for an IPO recently. Listed on the Nasdaq Stock Market.

According to Musk's original plan, it was planned to carry out Tesla's IPO last year, that is, in 2010, but it happened to encounter the subprime mortgage crisis at that time, the economic situation in the entire United States was deteriorating, and the performance of US stocks was also very miserable, not to mention There are also a lot of companies that have lost 90% of their market value.

Therefore, in the face of this situation, Musk had no choice but to temporarily suspend Tesla's listing and financing plan, and instead issued a value of 1.5 billion dollars from William Chen at a valuation of 1.5 billion US dollars billions of preferred stock.

Before that, William Chen invested 50 million US dollars and 300 million US dollars in Tesla in two installments, and obtained a total of 35% of Tesla's shares.

This time, although the timing of Tesla's IPO is not good, after all, although the US stock market is recovering, the European debt crisis has also had an impact on the US economy.

But he probably doesn't want to wait any longer, because Tesla is about to launch a new electric sedan, the Model S. In order to produce this mass-produced car, they want to buy Toyota's Fremont factory in California as a new Tesla car. main manufacturing plant.

And Musk also needs to make a choice, that is, whether to take part of the funds raised by this IPO and return it to William Chen. Of course, he can choose to convert the $150 million of preferred shares that William Chen previously purchased into Tesla's common stock, but in this case, Chen William's shareholding in Tesla will increase to 41.5%, which is already a very high shareholding ratio.

Even if he issued 10% of the outstanding shares in Tesla's IPO, Chen William's shareholding is still 37.35%, which is close to his shareholding ratio. You know, after the IPO, not only Chen William, but Musk's own holdings will also be diluted.

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