Chapter 1276： Valuation is not ideal

This really surprised Shi Lei.

He sat up a bit and asked, "I plan to expand out so soon? Will you be anxious?"

Song Miaomiao shook her head. She had a certain length of hair, and the shivering Shi Lei was itchy. Since establishing a relationship with Shi Lei, Song Miaomiao has removed the hair she had previously connected, leaving her original hair, and now, also It is already a standard lady's short hair length.

"The UK is too small, the size of the two Jiangdong provinces, and Wales and Northern Ireland are too small, so it doesn't make much sense to put them on the market, so we just put some bikes there symbolically so that the locals do n’t think we are In fact, these two parts are not considered real markets. They are mainly England and Scotland, and the value of Scotland is not great. The ridiculous point is that enlightening England is only enlightening England. It's a metropolitan county, and the non-metropolitan market is not very meaningful, so don't look at Kai Xuan's establishment in the UK not long ago, in fact, the British market is almost saturated. No further expansion, our business should stop. "

Shi Lei thought about it. This is also true. Europe was originally small in area and there were so many countries. Most countries are the size of one or two provinces in southeast China. Qi Xuan Britain wants to be bigger, indeed it can only look at the whole of Europe, not confine its eyes to a single country.

"What is the current valuation?"

"In round A, my mom and I made the valuations given by the European venture capital funds. Although they are their own, the accounts must be clear. At that time, the valuation was 180 million euros. Now We are preparing for the B round and have already made preliminary contacts with several EU countries. In the face of this good, our valuation has reached 340 million. I discussed it with my mother and of course, I also discussed with Li Qian We all think that if you can add more paragraphs, you can have more paragraphs. It is estimated that with the opening of our second country-level market, even if only the first batch of 10,000 to 20,000 bicycles are released, this valuation will go up. Go a little bit. There should be no problem with breaking through the 400 million. With good luck, it may reach 4.5. "

In this regard, Shi Lei has no opinion, except that the 400 million round B valuation, that is, 2.7 billion soft sister coins, seems to be a little lower than domestic.

Qixuan ’s initial investment in the UK is much higher than the domestic Qixuan ’s. This has not taken into account Qixuan ’s brand value. If the value of Qixuan's brand is taken into account, at that time, according to Li Qianhaocheng's 150 million only 25% shares, it is actually a total investment of 600 million. It was close to 100 million euros.

The A round was estimated at only 180 million yuan, which is still a little short of the doubling. Now it can only be estimated at more than 400 million, and there is still a significant expansion, which is really low.

Song Miaomiao seemed to see Shi Lei's thoughts and said with a smile, "Do you think the valuation is a bit low? I tell you, my mother, and Li Qian, this time was a busy company for Kai Xuan Britain. Dogs are not as good. The reason why the valuation is not so ideal is because in Europe, the bike sharing project has not really formed a hot situation, which is different from domestic, after all, the population density is different. If your primary market was originally placed in In the west, it is certain that the appreciation will be relatively slow. In addition, the cost here is already high, and it is not bad to have such a valuation now. My mother said that in the next step, her main direction is to move Kaixuan Britain to the entire EU. At least before the Series C financing, to open the markets of more than three major countries, France and Germany must be among them. In this way, the valuation of the Series C will increase significantly. When the Series C is raised, it may not be better than Qixuan. Less domestic financing. "

In this regard, Shi Lei has no right to speak, because he has hardly too many investigations, and he does not know how difficult it is for them to develop and publicize the UK.

All along, I have seen good news, but I have not compared it with the scale of domestic development.

Shi Lei now knows a little bit more.

"The B round is only more than 400 million, and the top day is less than 3 billion. Can the C round really reach the level of the domestically announced C round?"

Song Miaomiao kissed Shi Lei's lips and said with a smile: "I'm still talking about it. My mother is more conservative. My own opinion is that we are facing the entire EU market in the C round, so , I think it may be directly estimated to be around 3 billion Euros ... "

"Seven times more than eight times?"

"Walk and watch!" Song Miaomiao looked energetic, and she was swept away when she was sluggish.

Seeing that Song Miaomiao seemed to be regaining energy, Shi Lei was a bit overwhelmed. He quickly lifted the quilt and got out of bed, saying, "Let's take a shower. I'm almost exhausted. I just came here by plane for ten hours. Yes, and the jet lag hasn't reversed yet! "

Song Miaomiao pouted her lips, followed Shi Lei into the bathroom dissatisfied, and after teasing him twice failed, she muttered, "I'm afraid you have to keep your spirit and deal with Sun Yiyi at night?"

Shi Lei's face was slightly black. I just forgot that there was such a stubble. I didn't look at the time, but just glanced out the window. The sky was still bright, but now it's the end of July and the beginning of August. How can it be more than seven in the evening? It's getting dark at five o'clock now.

A little worried in my heart ...

Of course I won't say it, otherwise Song Miaomiao's temper must not be exploded?

After washing, the two returned to the bedroom one after the other. Shi Lei put on her clothes and the phone rang on the sofa.

Taking it up, it was Sun Yiyi. Shi Lei's heart could not help but jumped around. After walking to the balcony ~ www.novelhall.com ~, he answered the phone.

As soon as she was connected, Shi Lei heard Sun Yiyi's voice with regret. She said, "Brother Stone, I'm sorry. I was afraid that I could not accompany you for dinner in the past. There was something unexpected in the company and I had to stay. It's estimated that it will be finished at eight or nine. You can have your own dinner, and I will call you when it is over. "

Although Shi Lei also felt a little regretful, he was relieved. In any case, Mars should not hit the earth.

So he said, "Okay, then you're busy."

Sun Yiyi hesitated a moment and said, "Would you like to ask Master Shui to see if she can go with you?"

In any case, Sun Yiyi and Song Miaomiao always have to deal with each other. After one or two visits, she also called Song Miaomiao a master of water. This is mainly because Li Qianhaocheng shouted in front of her every day.

Shi Lei hesitated, but decided to tell the truth: "She's here with me now."

Sun Yiyi said for a moment, then said lightly: "Then let her accompany you for dinner, so that's fine, you don't want to eat well alone."

Shi Lei couldn't help but feel guilty, saying: "One by one, right ..."

Before he finished speaking, Sun Yiyi interrupted him and said, "Brother Stone, don't say it, I know everything. It's okay, you two have dinner. I'm still a little busy. I'll call you when I'm busy."

Shi Lei hung up the phone silently, looking at the Thames not far from the balcony, slightly faint.

Song Miaomiao hugged Shi Lei from behind, put her head on Shi Lei's back, and said softly, "Isn't my sister and Wei Xingyue so good at coping? When are you going to pick up this layer of window paper?"

Shi Lei turned his head, put Song Miaomiao in his arms, and said softly, "I'm sorry, I ...") !!