Chapter 271 Preparing for IPO

Chapter 271 Preparing for IPO

The spread of the stall is too large, and the eggs can easily be pulled.

Therefore, Li Yuan would only set the general direction and not even consider the price.

All he can do is set standards and manage money.

Although there is still room for manipulation, for example, when Yu Yue went to discuss acquisitions, he made a yin-yang contract to let the company get more money, and he took the opportunity to receive kickbacks.

But now the money system is very complete. If you want to check it, you can definitely find it out.

However, once something like that happens, short-term losses are inevitable, and Li Yuan cannot make the company absolutely honest.

The entire company system has standards, and only a few people have real access to money.

If something goes wrong, investigate it. Anyway, the entire group is currently under Li Yuan's control. Even if something goes wrong, it won't be a big deal.

The real big problem that may arise is that after he retires, no one can check his power.

Essentially, various problems arise due to uneven interests and imbalance of power.

For example, at Penguin Group, each department has great power and cannot cooperate with each other, causing them to fail in many projects.

Internal corruption is also very serious.

Take Byte for example, because it is a new company, the interests of various departments are consistent, and power is very concentrated, so various projects will cooperate as much as possible.

Of course, they are not lenient at all in cutting off users.

There is no bottom line or anything like that.

The power of Qingtian Group is currently in the hands of Li Yuan. Once he retires and a successor comes up, the old management will become bigger.

If the newly appointed heir has no ability or prestige to hold the company back, the entire structure will fall into chaos, and all aspects of the business will fall into endless internal friction.

Why did the ancient princes specially form the Eastern Palace Cabinet? Essentially, after ascending the throne, they had a team under them that could compete with the veterans left over from the previous emperor.

Yu Yue took the initiative to delegate power this time, which was not only good for Li Yuan, but also better for the future.

At least Li Yuan doesn't have to worry about him becoming bigger, and he will be more trustworthy in the future.

That night, Li Yuan met Meng Jianguo.

The old senior was in good spirits. The two chatted for a while and finally talked about Jiangzhou University.

It is said that Jiangzhou University has a bad reputation now. Anyone on the Internet dares to say that he is from Jiangzhou University. Someone will immediately make an issue with Li Yuan.

As for the application situation this year, Jiangzhou University, which was approved in advance, has to downgrade its admissions for all majors.

These are all coming from the Internet, because at this time, the early approval has ended and many results have come out.

Li Yuan didn't pay much attention to this matter, and he didn't bother Jiangzhou University again in the future.

It can't be that his success is also the original sin, right?

In fact, Li Yuan knew very well that Jiangzhou University was not the only school with problems.

In the next few years, a lot of school problems will be exposed.

Anyway, this society will always advise you: as a man, be more generous...

Meng Jianguo is not young either, seven or eight years older than Yu Yue.

Li Yuan was not worried about him taking power at all, because he had already retired before he retired.

Three to five years is considered normal, seven or eight years is considered to be a good energy, ten years? May he have a long life!

Meng Jianguo has obvious advantages and disadvantages. The advantage is that he has good management skills and has a manager's vision.

Even though his previous company didn't get off the ground and was only so-so, he was able to build a company of a certain scale and his execution ability was not bad.

As a management, what you are most afraid of is a lack of execution ability.

Many people have countless ideas in their minds, but when they actually do it, they either have no clue, don’t know how to start, or are lazy.

Execution has strict requirements on these two, and both are indispensable.

A management that can really get things done will not be bad at execution.

The disadvantage is that he is older, almost fifty years old, there is not much gas in the tank, and his thinking may not be able to keep up. After three or five years, Li Yuan will have to consider the situation of substitution.

Li Yuan is in need of someone now, and he has no choice. Things in the future cannot be an excuse for the present.

The annual salary of 2.3 million has been set.

There is no Yu Yue Gao, because both Yu Yue and Guo Meng have raised their salaries once this year. Yu Yue's salary is now 2.6 million, and Guo Meng's is now 960,000.

In the industry, Qingtian Group’s salaries are not high, especially for management.

The ordinary employees below are gradually aligning with those of large companies, but the salary of management is still several levels behind.

A company of this size doesn't even have a single executive with an annual salary of tens of millions.

But no management feels that their salary is low...

After all, Li Yuan is the only one making money in the entire company.

Their job division is very clear. Some take the blame, some do odd jobs, and some serve as housekeepers...

In the evening, Li Yuan returned to Chen Jie and had a meal.

"Sister Chen, please help me discuss the investment in the name of Lianhua Trust. I have prepared the specific data."

Li Yuan took out the documents he had prepared and handed them to Chen Jie.

Chen Jie took one look and said: "This is a bit big, I'm afraid someone will criticize you. After all, trusts are considered foreign capital, and you are being watched by many people now."

Li Yuan said nonchalantly: "If they have money, they can use it. The valuation I gave is not low, Qingtian Group is 200 billion, Qingtian Capital is 100 billion, as long as they can come up with 30 billion, I can give each other 10% of the shares. Who wants to control me even though they don’t give me any money? Who has such a big face?"

Li Yuan has not received any policy dividends so far, nor has he received a penny of subsidies.

Chen Jie was not afraid of what Tang Jianjun would say. After all, people knew that the trust belonged to Li Yuan.

Mainly because I'm afraid of what those who don't know will say.

The world is so big, and Tang Jianjun alone has the final say. Many uninformed people also have power.

When the time comes, they will take the lead on the Internet, saying that Li Yuan gave his company to foreign investors... and even publicize that there are foreign investors standing behind Li Yuan...

However, Chen Jie can see from the data that even if Li Yuan's left hand beat his right hand, he did not play fake.

A 10% stake in Qingtian Capital is worth US$4 billion, which means that Li Yuan values ​​Qingtian Capital at US$40 billion, which translates into a market value of US$260 billion.

A 10% stake in Qingtian Capital is worth US$1.5 billion, which is equivalent to a valuation of 100 billion.

It is the same price as the 20% share sold to Tang Jianjun before.

Bixin is currently worthless, and the purchase price is only over 100 million. Li Yuan wants 20%, which is US$10 million, which is equivalent to a valuation of more than 320 million.

Jiutian Media’s 20% stake is worth US$40 million, which is equivalent to a valuation of US$1.3 billion, which is relatively low.

Qingtian Securities and Bixin Pay are purely complementary. The two businesses have just started. Li Yuan basically gave a valuation of more than one billion, which is already very generous.

Overall, the data given by Li Yuan are very reasonable. Except for the Qingtian Group's funds, which Li Yuan wants to cash out, all other funds are capital injections.

Capital injection has a greater gold content and cannot even be calculated simply by valuation.

Even though everyone thinks that the company in Li Yuan's hands is not simple, it will definitely be able to do it in the future.

But if you really want people to give a valuation that exceeds expectations and invest real money, no one is willing.

This is the case now. I feel that whatever Li Yuan does is profitable. If he doesn't succeed in the future, no one will care about it.

But once the project is successful and the investment makes a lot of money, someone will definitely say something shady and investigate closely to see if Li Yuan sold so many shares to foreign investors so cheaply. Is Li Yuan a scumbag?

Chen Jie knew that Li Yuan had the confidence to say such things, because he is now the God of Wealth and many projects are counting on him.

It’s just unclear whether he will be liquidated when he comes down from the altar in the future.

In fact, the world does not welcome the top rich, because the birth of the top rich means that wealth is more concentrated.

This is especially true in China.

Many uninformed people cheered and wished that the world's richest man was in China.

In fact, the top rich are the scariest.

With a net worth of hundreds of billions, at least several trillions of wealth can be leveraged. The more money the rich have, the less money they have below.

As someone said, when a cockroach appears on the surface, it means that the cockroach behind the scenes can no longer hide.

So are the rich.

After a top rich person appears in the centralized system, it means that there are a lot of rich people behind this top rich person.

"Then I will do as you say. Is there anything else you want to explain?"

"No, I'll do the rest myself."

That night, Li Yuan called Tang Jianjun.

The thing is simple, he is going to list Qingtian Capital.

Listing now is an excellent opportunity. After the first wave of new stocks is over, there will be a wave of good times next year.

Tang Jianjun was a little embarrassed after hearing Li Yuan's conditions.

"If you want to go to the GEM, that's okay, but... if you want to go to the main board, 10% does not meet the requirements."

Li Yuan is only willing to IPO 10%. This is something he would do only if he has absolute confidence in the company.

Most listed companies want more, the better.

If it weren't for various restrictions, they would all want the founder to clear his stock account and leave on the first day of listing.

"Boss, I also want to give 20%, but the question is, can I afford it if I have the funds? 10% is 15 billion, and 20% is 30 billion. It can be regarded as the first A-share IPO. Who wants to take it?"

Li Yuan also wanted to release more, but the problem was that the market's bearing capacity was limited, and he didn't want to take away so much money from the market all at once.

"Then let me think about it."

Tang Jianjun couldn't make up his mind for a while.

He also felt the money was too much.

Qingtian Capital has 10,000 reasons not to go public, but since Li Yuan took the initiative, he would not refuse.

"Then just think about it slowly and it will be on the market in December. It's still early."

The process still needs to be followed.

"How about you borrow a shell? If you borrow a shell and get part of the OTC funds, the impact on the market will be minimal."

Tang Jianjun made a proposal.

"Forget it, Shell Resources is rubbish to begin with. I don't want to encourage the trend of A-shares speculating on Shell Resources."

Li Yuan thinks that there is nothing wrong with hyping up anything, but there is something wrong with hyping up shell resources.

Although A-shares are a casino, you can’t bet so nakedly.

In the past, there were many restrictions, and it was justifiable to speculate on shell resources.

But things are different now. The registration system has been piloted and the difficulty of listing is very low. They are still speculating on shell resources just to save trouble and make quick money in the market.

"Well, then you wait for me for a few days."

"Boss, if you are in trouble over there, I have an idea. You can see if it works..."

"you say."

"Qingtian Securities is considered to have underwriting qualifications, and we can produce and sell it ourselves. There is no problem with Qingtian Mixed Small and Medium Caps. Theoretically, the basic investors in Qingtian Mixed Small and Medium Caps should also have the right to enter new markets, right?"

Can Christians create new ones?

Obviously it's not possible, because there is no such button.

But in fact, for fund companies, they can do something new.

Use Christian money to build new...

"are you sure?"

Tang Jianjun didn't expect that Li Yuan thought this way.

"Well, when the time comes, it will be given to the fund holders through allotment of shares. I feel like I can absorb 5% of it. Doesn't this mean that I have to give out 15%?"

Li Yuan also wants to benefit his own citizens. After all, those who can persist in it at this time have either forgotten it or have faith.

He also read many private messages, all asking him if he still wanted Qingtian Mixed Small and Medium Cap as his biological son...

If it is absolutely necessary, it is simply because there is not enough time.

It's almost mid-July, and he's preparing to enter the market.

"Well, then I'll think about it and give you an answer within a week at most."

"good."

Qingtian Capital’s asking price is indeed too high.

But if the asking price is too low, Li Yuan is not willing.

He knew that Tang Jianjun would definitely agree in the end, so after hanging up the phone, he sent a few messages.

In the next week, Qingtian mixed small and medium-sized caps, and hundreds of millions of funds came in every day.

At this time, Tang Jianjun also agreed.

Li Yuan asked Meng Jianguo to start submitting IPO materials, and at the same time, Qingtian Capital issued an announcement.

This means that Qingtian Capital is in the process of IPO. As long as it passes the IPO, 5% of the shares will eventually be distributed to investors who have held positions in Qingtian Mixed Small and Medium Caps in the past ten trading days.

Distribution will be based on the market value ratio of the position, 2:1 or 1:1

For example, if you hold a fund worth 50,000 yuan, then allocate stocks worth 25,000 yuan or stocks worth 50,000 yuan.

The final data still depends on how much the share is.

Anyway, a ratio of 2:1 is definitely possible, and 1:1 is a bit difficult, unless more people give up.

Moreover, those Christians are still required to open an account at Qingtian Securities. Even if it is easy to open an account online, some people may not be willing.

There may also be situations where everyone has no money.

If you want to get stocks, you have to add money to your securities account.

As soon as the news came out, Li Yuan made headlines again.

"I have never thought in my lifetime that I can make new investments by buying a fund."

"Upstairs, you are mistaken. This is not a new deal, it can only be regarded as a rights issue."

"Isn't it the same as launching a new stock? How much can you earn from a new stock? Qingtian Capital has to double it, right?"

"Brother, I can only say that you are overthinking. You can tell by just looking at the announcement that Qingtian Mixed Small and Medium Cap's current market value is more than 8 billion. Even if it is based on a 2:1 allotment, 5% of the stock is worth 4 billion. The valuation of Qingtian Capital starts at 80 billion. For a large company with 80 billion, it would be good if it can reach the daily limit on the day of listing."

"Damn it, when did the Qingtian mixed small and medium-sized market reach more than 8 billion? Last month I saw more than 6 billion..."

"Someone must have gotten the news in advance, otherwise Qingtian Capital would not have made an announcement before it passed the IPO, and Yuanshen would not be able to avoid related investors."

"Can you please explain to me whether this is a good thing or a bad thing?"

"Brother, although I am only 26cm, I can tell you that selling it on the day of listing is the wisest choice, just to earn some pocket money. Yuanshen probably also wants to compensate the users who still stick to the fund in the bear market. Anyway Don't have high hopes, Qingtian Capital's ticket doesn't have much holding value." (End of Chapter)