Chapter 1538

Longhua is going to IPO, Weibo is preparing for IPO, and Teng Xun is preparing to resume trading.

In the first five years, none of the industries under Li Dong went public, or even had the idea of listing.

After five years, it's time to harvest.

Although Longhua is not a distant industry, Li Dong currently holds 20% of shares, which is definitely not low.

Just when Li Dong gave himself a vacation, he made some fine adjustments in the distance.

Teng Xun's microblog industry, including some technical patents, was acquired by Li Dong with 2 billion cash. Teng Xun's microblog is bound to be incorporated into the remote microblog system. Other technologies and patents are also shared with microblog from afar.

The 10% shares of the mall were not actually financing, but Li Dong's personal shares.

So this money, you don't have to share it with others.

This time, microblog shares have also made some small changes. According to the means of capital increase and share expansion, microblog has issued 20 million shares of equity.

Originally, the equity of microblog was 300 million shares, but now it has been expanded to 320 million shares.

Li Dong's own share capital increased from 14 million shares to 120 million shares this time.

The other 4 million shares, on the eve of the IPO, were once again regarded as rewards and distributed to employees.

The last equity award was last year.

This year, microblogging has expanded rapidly and its staff has expanded a lot, including the entry of some foreign executives, and 4 million shares as a reward, which can be accepted by major institutions.

So far, Li Dong's personal shareholding ratio has expanded from 34.67% to 37.5%.

However, the shares held by microblog and remote executives have increased from 10 million shares to 14 million shares, up to 4.375%.

On the other hand, Li Dong and the senior management hold nearly 42% of the shares.

In fact, according to the valuation after the C round of financing, the price of microblog per share is 25 US dollars, 20 million shares, that is, 500 million US dollars.

Excluding the 4 million shares awarded, the value of Li Dong's increased 16 million shares has reached 400 million US dollars, which is much more than the value of Teng Xun's microblog.

Although Teng Xun's microblog was bought by Li Dong for 2 billion yuan, it actually attached a lot of technologies and patents.

However, the technology and patents from Teng Xun in the distance are also shared with Weibo.

Moreover, on the eve of the IPO of Weibo, major shareholders and managers also have the right and obligation to adjust the ownership structure.

Li Dong did not choose to buy back the share capital of other institutions, but chose to increase capital and share. A little difference in value is acceptable to all.

What's more, Teng Xun micro blog single listed, perhaps not high value.

However, Teng Xun's Micro blog also has a number of loyal fans, including some technical research and development, which also have complementary effects with remote microblogs.

At this time, the value rose slightly. As long as it was not too much, some capital institutions chose to default.

After the capital increase, the total value of microblog is more than 8 billion US dollars. In fact, the expansion after round C is not included.

At this time, before the IPO of Weibo, the final ownership structure was completely determined.

The total share capital is 320 million shares, including 120 million shares held by Li Dong, 14 million shares held by management and employees of remote and micro blog, 39 million shares held by state-owned financial institutions, 10 million shares by Baidu, and 7 million shares by private funds such as Weigang fund or other small and medium-sized investment institutions in China.

In other words, the investors of Yuanhe and Guozi, including the domestic capital, accounted for 190 million shares in total.

And IDG, Sequoia, Goldman Sachs, big and small mo These foreign institutions, together, account for 130 million shares.

……

When Longhua officially began to run for IPO, the remote side also began to rush for micro blog IPO.

Compared with Teng Xun, Teng Xun only resumed trading, but also resumed trading in Hong Kong stock market. In fact, the process is much simpler.

This is also the reason why many enterprises choose backdoor listing. The key is that the time is short, the process is not complicated, and the approval is easy.

Microblog, which has introduced too many foreign institutions, is a global social platform. If it is still listed in China, it will not be in the interests of some countries.

Based on this, Weibo initially decided to go to the NASDAQ listing.

In fact, if not beat Teng Xun, and Teng Xun this shell is perfect, maybe PP listing, will also choose to go to NASDAQ.

Of course, with Teng Xun's foundation here, at this time Teng Xun gave up this shell, which is a pity.

In addition, the instant messaging software such as PP is still popular in China. It has been occupied by the giants such as MSN in foreign countries for a long time. In fact, the instant messaging system is still dominated by Huaxia.

PP is listed in Hong Kong stock market, which has not been opposed by many people. If microblog also chooses Hong Kong stock, many people will oppose it.What's more, the Hong Kong stock market is not big after all. It's almost enough to support a Teng Xun. It's not so difficult to cultivate a second microblog with a market value of tens of billions of dollars.

NASDAQ will bring more benefits to people.

……

Far away.

Li Dong really doesn't come to the company any more these days. His wedding date is approaching and he has no time to decorate his new house. He is wandering around with Shen Qian these days.

Yuan Chengdao didn't want to look for Li Dong before there was no big change in the distance.

At this time, he called Li Dong when something happened, which proved their incompetence.

Not long ago, the board of directors had just been adjusted, and the rights of several executive directors of Yuan Chengdao were greatly increased. At this time, it was the time to consolidate power, and Li Dong was not the best.

As a matter of fact, Li Dong decided on the pattern of the board of directors the day before he left the company. Maybe it was just in consideration of these that he gave them special space.

……

In the conference room.

Yuan Chengdao held the first formal board meeting in which Li Dong was not in the company.

This time, Sun Tao and Wang Yue did not come back, but Liu Hong did.

Wang Xin, CEO of Weibo, also attended the board of directors.

This time, we are discussing the issue of microblog listing.

Wang Xin reports with a document collection: "in May and June, in these two months, we do the final preparatory work, including the integration and digestion of Teng Xun's microblog industry.

At the end of June, we will file an IPO with the sec.

As for the Underwriters, six companies have been identified, including Morgan, Goldman Sachs, Citigroup, Credit Suisse and Deutsche Bank.

In July, when the SEC's application is approved, we will release detailed data to the public.

If everything goes well, we will be able to list around September.

Of course, the premise is that everything goes well, including the adoption of the plan.

In fact, the efficiency may be a little slower, but the Underwriters selected this time are all world-famous financial giants. With their help, the efficiency will be much faster.

We plan to issue 80 million ADSS this time, and several underwriters have given us a rough price range.

According to the value of 400 million shares of total equity, including the valuation after the c-round financing, and our revenue situation, the range given by several companies is not big, ranging from $35 to $40 per share.

If it can reach $40 per share, the listing plans to raise $3.2 billion.

In addition, we have given several major Underwriters the right to over subscribe 20 million ADSS. If the market conditions are good, this part of the over subscription rights should be used.

Also, in terms of the Commission, the current target is 1.5% of the financing amount, plus other expenses, and the total amount is about 50 million dollars... "

Wang Xin said this, Yuan Chengdao frowned: "1.5% is high, in addition, we have given the other party 20 million shares of over subscription rights, which is much more!

We have only planned to issue 80 million shares in total and give each other so many over subscription rights. It is impossible for Mr. Li alone to pass.

Up to 10 million shares, and commission, 50 million US dollars, grab money!

In fact, if it wasn't for the agreement between the big and small motorcycle companies and Mr. Li, we didn't need to find so many.

Moreover, according to the current real market, with the popularity of microblogs and their pricing range, the highest price is 40 US dollars, which is not too difficult to issue.

The cost of this IPO is up to $40 million, which is the limit. You can talk about it later.

What's more, as for the shareholders, we can't add too much new share capital if we need to sell. If we include over subscription, the new share capital will reach 90 million shares.

If the total share capital is 410 million shares, the total shares of Li will be diluted to less than 30%, which is not in line with Li's expectation.

As for major shareholders, at least 10 million shares should be provided, 70 million shares should be added to make up 400 million shares. Only after general manager Li's listing can the 30% share ratio be maintained.

This is still the case that Mr. Li did not reduce his holdings when he went public, so he could only be less than this one, not more than this one.

This is the plan for the time being. I'll come back and make a detailed plan for me.

In addition, the highest price of the distribution range is only $40, which is not in line with the current status of microblog.

However, the specific issue price depends on the situation. We will know the situation when we are on the road show.

If the oversubscription reaches the expectation, it will be adjusted temporarily.

What's more, this listing is a global allotment. After the approval of the SEC, we will arrange the time and place of the roadshow. Then I will ask Mr. Li to see his schedule. "

Li Dong can't go to the microblog roadshow.

With Li Dong in, that's the biggest capital.

If Li Dong doesn't go, no one else will go to the roadshow and meet that expectation.With 400 million equity and 3.2 billion US dollars of financing, the IPO price and market value is as high as 16 billion US dollars, which is also the largest IPO of global Internet enterprises.

Before that, Google raised $1.9 billion in 2003 and Alibaba raised $1.7 billion in 2007, which were not as high as microblogs.

Of course, the time point is not the same. It's 2009 now, and we have to consider the inflation factor.

In addition, Weibo's share capital in this public offering is also large, although with over allotment rights, it is only 80 million shares, accounting for 20% of the total share capital, which is not low.

However, it has not been listed for the time being, and I don't know how the specific situation is. If the market is favorable in the future, the equity of microblog will definitely be split.

It is normal to split five shares and ten shares. After all, the 80 million shares in circulation are still too small for retail investors to enter the market.

Several people said finally, Yuan Chengdao suddenly said: "in those years, when Baidu went public, the closing price rose as high as 350% on the same day. During the peak period of the day, it even rose by 450%!

The issue price is $27, closing above $122!

In terms of fame, popularity and influence, today's microblog is no worse than Baidu, and even more famous internationally.

Of course, our basic plate is also big, so the increase may not be so high, but 100% increase is necessary!

This depends on the preparation and publicity.

Once it reaches 100% and closes at $80 a share, you should all know what it means.

It means that the market value of Weibo is more than 30 billion US dollars, and all the people present, including me, hold about 500000 shares of microblog equity.

If we meet our expectations, the value of our microblog stocks alone will exceed $40 million.

In addition, there is Teng Xun there, will also open high to go down!

This year is not only a harvest year far away, but also a harvest year for us.

No matter for the sake of the group or for yourself, I hope you can make 1000% efforts!

Perhaps, as Mr. Li said, there is a great possibility that there will be countless millionaires or even millionaires from afar this year. "

If microblogging can reach a market value of 30 billion US dollars, and they do not cash in advance, microblogging alone can bring them hundreds of millions of yuan in income.

Not to mention, there is still a round of incentives that have yet to come out.

In 2009, it is also a year of harvest for executives from afar. Almost all the executives who can hold on to this year will make a lot of money.

When saying this, many people couldn't help thinking of several people.

Qin Hai, Zhou Haidong!

Both of them were members of the board of directors before. When the microblog rights issue was started, they were board members who accounted for half of the rights issue.

The 10 million shares were allotted to them, and each of them received about 500000 shares.

The remaining 5 million shares were divided down in turn, and finally reached the hands of employees, which was actually very few.

At the beginning of 2009, the two left their jobs one after another, and the shares of Weibo were handed over to the company.

If we don't go at that time, once the round C financing is over, in fact, the members of the board of directors will almost reach the level of a billionaire.

It's only half a year. At this moment, many people still feel a pity.

It's a pity that no one said anything. Now, almost all the shares handed in by the two people have been distributed. If you say these words again, you will offend people.

Kong Xiangyu of the logistics group and Liu Hongmei, who are newly appointed, are all vested interests. Now they feel sorry for Qin Hai. Are they not offending these powerful people.

……

On May 23, the company announced its plan to go to the U.S. and began to prepare to launch its micro blog IPO.

For a time, the network and reality again discussed.

Although we just announced the plan from afar and didn't even submit the IPO application, many people understand that it's not very difficult.

Different from Ali in the past, Ali in the former life has a tortuous way to go public. That is because Ma yunnong's partner system has not been audited several times, which is why it is so troublesome.

Without the control of the group, Ma Yun preferred not to go public, which is one of the reasons for the tortuous listing.

Micro blog is not so troublesome. At present, the shareholding ratio of remote holding company is more than 40%. Moreover, it is not the overall listing of remote technology, but the listing of microblog alone. The report review and other things will be much simpler.

As long as there is no big problem with microblogging, it is not a big problem to be listed.

There is no announcement of the approximate value or something like that in the distance, but some news has been sent out on the Internet. The distribution price of microblog should be set at about $40.

The newly listed market value is running for more than 20 billion US dollars.

Nowadays, among the domestic Internet enterprises, Teng Xun has collapsed and Ali has withdrawn from the market. Baidu is regarded as one of the other giants.Baidu once dropped its market value by $20 billion last year, or even to $10 billion.

At present, the stock price of Baidu Fengchao is close to US $24 billion, and the stock price of Baidu has recovered to about US $25 billion in 2009.

In other words, once the remote microblog is listed, it is likely to surpass Baidu and become the first enterprise with the market value of Huaxia Internet!

As for whether microblogging is faster or Teng Xun is faster, it's hard to say for the time being.

However, no matter who is fast, Teng Xun and Weibo are likely to surpass Baidu, become the Internet enterprise with the first market value, and even occupy the first and second positions.

When the gourd eating crowd saw this scene, many people were filled with emotion and said: "I didn't expect it. I didn't expect that in the end, brother Pao became a big brother in the IT industry.

In the first two years, there was a pattern of South horse and North plum. In 2007, Ali suddenly emerged and became two horses and one plum.

Now it's better. One of the two horses is dead, and it's hard to say the rest. Maybe it will be the pattern of North and south Li. "

"Return two li from north and south? With brother Pao in, the title of Beili can be removed.

It took three years to get rid of all the IT giants. Who can compete with it? "

"In the future, you can say that the Internet is worth hundreds of billions of dollars, right?"

"Brother Pao has so much money that it is really just a number. Let's not care how much money he has. The key is that the executives and employees in the distance will become rich!

I'm sorry now. Two years ago, I was asked to go from afar, but I didn't.

I can't even go now if I want to. Otherwise, if I had gone two years ago, I would not have to be a billionaire

As soon as the man said this, many people worshipped him. Then someone asked him what he did and whether he was a big bull.

As a result, it took a long time to get to know that the other party was a candidate for the canteen chef, which immediately attracted boos.

Three years later, Li Dong established his position as the overlord of it, but he was recognized by everyone.

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