Chapter 627 (1/2)
After the IPO application was formally submitted, many platforms, such as igritte portal, SEC official website, and Denise entertainment official website, announced the prospectus of Denise Entertainment Group for the first time.
The first edition of the prospectus introduces in detail the business composition, revenue data, equity structure, development prospects and other relevant information that must be disclosed in the IPO of danilis entertainment group. In addition, it also includes the specific information that investors are most concerned about, such as the selection of the exchange, the list of underwriters, the scale of raised funds, the range of the stock issue price, etc.
The business structure and revenue data of danielis entertainment are no secret to those who want to. In this version of the prospectus, most potential investors are most concerned about the equity structure and development prospects of danielis entertainment.
After the internal subscription of employees and the realization of senior stock awards in March, the total share capital of danilisi entertainment group after accounting is about 2.113 billion shares, of which Simon himself holds 91.7% and 1.937 billion shares.
There has been a lot of speculation about danielis Entertainment's internal subscription and reward cashing scheme. Most people did not expect that Simon would transfer or reward danielis Entertainment's 8.3% shares to group employees with such a large amount of money.
According to the offering price range of $18 to $20 given in the prospectus, the total value of 176 million shares Simon transferred to employees would be more than $3 billion even at the lowest value of $18.
Danielis Entertainment Group plans to issue 250 million new shares this time. According to the lowest value of $18, the total amount of funds raised is expected to be only $4.5 billion.
According to previous media reports, except for the high-level stock awards, the shares subscribed by internal employees are sold at a very low discount, and the average subscription price may be less than 50% of the actual value of the shares. It can be said that Simon westero gave more than $1.5 billion in cash to the employees of danielis entertainment group.
According to the prospectus, Denise entertainment has 29000 employees at the present stage, which is equivalent to 51000 dollars per person on average, which has exceeded the annual salary of most working class in the United States.
In 1993, the per capita annual income of the United States was only 31000 US dollars.
Of course, the actual distribution of awards and subscriptions cannot be even.
According to the data disclosed in the prospectus, in addition to Simon westero's 91.7% absolute holding, Amy Pascal, CEO of danilisi entertainment, who holds the largest proportion of shares, has 35 million shares, holding 1.65%.
The total value of Pascal's shares is $630 million, also based on the minimum issue price of $18.
This is obviously a very conservative estimate.
It is not impossible for the total value of these stocks to exceed 1 billion US dollars after they are officially listed.
Moreover, according to the salary contract of Amy Pascal, which has been exposed by some media, the female head of danielis entertainment has accumulated hundreds of millions of dollars since she took up her job. With the advice of Simon westero, Pascal even spends half of her salary on investment, including the share award she just got, she has no wealth It is likely to have broken through the $1 billion mark and become another one in the United States.
After Amy Pascal, a female executive still holds the third share of danielis entertainment shares.
Nancy Brill, holding a total of 7 million shares.
The small female executive, who is mainly responsible for danielis Entertainment's peripheral products, video games, video tape chain and other businesses, has made remarkable achievements in recent years. However, in this still man oriented society, Nancy Brill's ability to get the share of stock next only to Amy Pascal is still surprising to many people.
Probably to explain some people's doubts, the official website of danielis entertainment group released a more detailed list of stock awards and subscription.
Nancy Brill has 7 million shares, of which 5 million are incentive shares and another 2 million are internal subscription shares.
Amy Pascal's 35 million shares were all obtained from the reward. The CEO of danielis entertainment voluntarily gave up his 3 million shares of internal subscription to other employees of the group.
Robert egger, who is also the group president with Nancy Brill and is mainly responsible for danielis entertainment TV business, received a total of 4.5 million shares, with 3 million shares awarded and 1.5 million shares subscribed.
Mark Belford, the vice president of global operations, who is in charge of the global distribution of danielis Entertainment's films and TV works, Ella doechman, the president of gaomen pictures, and Denny Morris, the president of new world pictures, all hold 3 million shares, of which 2 million are awards and 1 million are subscription shares.
Although the total value of shares obtained by the five core executives, Nancy, egger, mark, doechman and Morris, is far less than Amy's, it has exceeded the salary of most of the same level executives in Hollywood. Even if it is still based on a single share value of at least $18, the total value of the five core executives' shares is at least $54 million.Across the United States, there are few executives who can get such a big reward at one time.
Of course, because Denise entertainment group tends to have a flat corporate structure, no other executive can gain too much power except Simon, the actual controller, and Amy, the CEO leader. Therefore, the return of Nancy five will not be too high compared with Amy.
In fact, this is the distribution rule of most enterprises.
If the leader takes the largest share, the income of the next level executives may be zero less.
What's more, Amy Pascal's high reward is also due to her role as the founder of danilisi entertainment. Among them, other core executives joined danilisi entertainment after its gradual rise.
Many times, the earlier you join a company, the more you get.
Just like Steve Ballmer, one of Microsoft's early core executives, who could gradually accumulate tens of billions of dollars later, Satya NADELLA, the Indian CEO who brought Microsoft back from the bottom to the top of trillions of market value after decades, could only honestly earn tens of millions of dollars a year.
It's the same with igritte now.
Jeff Bezos is expected to get 5% of igritte's shares after the contract expires. Alice Ferguson, who is in charge of e-commerce business and has successfully turned igritte's big three into big four, can only get 3% of igritte's shares at most even if Simon adjusts the contract for her after he recognizes the housekeeper's ability.
In fact, in Simon's mind, the housekeeper's ability is much better than that of Tim Berners Lee and Carol Bartz in the initial big three, almost equal to that of Bezos, but that's how things are.
Back to Denise entertainment, Tom Pollack, who used to be the president of universal pictures after the initial merger and acquisition, gained the least share of shares among the seemingly core executives, with only 1.5 million shares, of which 500000 shares were awarded and 1 million shares were purchased internally.
It is also clear in the circle that this senior executive, who is in charge of danilisi film, the core of danilisi Entertainment's three brands, actually has very low authority.
Most of the decisions made by Denise pictures are made by Simon and Amy themselves. Although Tom Pollack has a title of president, he is just a housekeeper executive role, and the other party joined Denise entertainment later. In fact, he is not the core of Denise entertainment group.
Simon westero may have been able to get 1.5 million shares in order to protect the face of the old Hollywood executive.
In addition to the core management, danilisi entertainment executives at all levels, such as John lassett, President of Pixar, mark hilvis, President of danilisi special effects, Stan Lee, chairman of Marvel Entertainment, Anna Coleman, President of Fashion TV, and so on, shared another 13.5 million share awards and about 7 million subscription shares.
According to comprehensive statistics, of the 176 million shares transferred by Simon westero, 63 million are incentive shares, which are basically owned by the management above the executive level of danelis Entertainment Department. 113 million shares were for subscription, but the management took only 14.5 million shares, most of which were subscribed by employees from all walks of life.