Rebirth in a Perfect Era Chapter 1813: Hong Kong IPO
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After the Muye Auto Group completed the shining to go on stage with the Muye Aurora, the IPO of Muye Science and Technology in Hong Kong has reached the final stage of the final step.
In view of the fact that Ele.me has not yet covered the whole country, the Muye Auto Group has just been established, there is no way to accurately measure the market value, and neither Android nor Apple has come up with truly innovative things, so Li Mu is not prepared to package these companies into Muye Science and Technology, Instead, the two companies will be independent and listed in Hong Kong using the main body of Muye Science and Technology.
At present, the valuation given by the underwriter is 320 billion USD. This valuation is already the highest in the global IPO valuation.
When the although of many companies was the highest, the market value exceeded 500 billion USD, and some even exceeded the trillion trillion USD, but this was only after they went public for a period of time, even years or more than ten years later.
Many large companies were in the youth of a company at the beginning of the IPO and had potential, but their strength was not so strong, so when they went public, they often only received tens of billions of USD during the IPO stage. Market value.
However, Muye Science and Technology is different.
Muye Science and Technology is no longer a teenager. He is now a very large company with great market coverage and extremely high income. although has not reached its peak, but it is still in its young age.
So, the valuation model of investment kids is no longer applicable to him.
It's like a transfer fee for a star. A 17-18-year-old genius has a transfer fee of only a few million pounds. But this person may be worth ten times in five years, but this is to be paid to time and money. Witness to the stadium.
The same is true for the company. When most companies first went public, their business was not really taking off. It relied on the financing of the listed IPO and the rising market value to support the company ’s business to take off.
However, Muye Science and Technology is now sailing.
So, the IPO valuation of tens of billions of USD, and even more than 300 billion USD, can no longer satisfy Li Mu.
Because of Li Mu's view, YY Ecosystem's high global coverage and high payment rate have already existed in this era, and this alone is worth 400 billion USD.
Any industry, once it covers the whole world, can get a big buff of X2, X3 or even X10.
Alibaba's main revenues are in the domestic market, and the profits of the major businesses of Taobao, Tmall, and Alibaba Cloud are mostly in the country, so it has achieved the market value of 4-5 100 billion USD.
Amazon covers almost all places except China, and has the highest market value of nearly trillion USD. If the two companies merge, it is a global e-Commerce and a global enterprise cloud service platform. As long as it does not touch antitrust laws, its market value is by no means as simple as 4-5 100 billion plus 1 trillion, and it may exceed 20,000 billion or even higher.
The Facebook of later generations, like Amazon, failed to cover the China market, but also got a market value of 560 billion or 600 billion USD or higher, and the main business of Tencent is in the country, and also got 4-5 100 billion USD. Market value.
The combined effect of these two companies may not even be comparable to the current Muye Science and Technology, because the global coverage of Muye Science and Technology is almost monopolized.
After MSN has completely cooled down, Li Mu has never suppressed any real-time Instant Messenger software product because he knows that the world is in the air. Anyone who jumps out to compete with Muye Science and Technology can only be in vain. He doesn't have to shoot himself, he will drag himself to death.
So from the perspective of Li Mu, the current market value of 325 billion USD for Muye Science and Technology is still slightly lower overall.
Not to mention, Muye Science and Technology is also a shareholder of Google and Baidu, which together have a market value of tens of billions of USD.
Moreover, Muye Pictures's recent "Flying Tigers" has indeed achieved shocking box office results worldwide. Although a movie cannot explain that the subsequent Muye Pictures can also be smooth sailing, but at least it is also a very powerful addition.
So, the ideal market value of Li Mu's must at least cross the 450 billion line.
As for how much Muye Science and Technology stocks will skyrocket after listing, that is another matter.
In view of this, Li Mu and the brokerage representatives met again.
At the meeting, Li Mu put forward a IPO valuation requirement of 450 billion USD.
The valuation is 450 billion USD, and all shareholders dilute 10% of the shares for the issuance of shares. A total of 1 billion shares are issued with a stock price of 45USD.
The 45 billion USD raised will have 35 billion USD used to enhance Muye Science and Technology ’s current investments, including R & D, marketing, cloud computing, and new business attempts.
The remaining 10 billion USD will be cashed out by shareholders in equal proportions.
Everyone has been holding Muye Science and Technology for a long time, and it is also time to get a lot of money.
10 billion USD points, even people with only one share can get 100 million USD.
Of course, the price is 1% of his shares. To be diluted 0.1%, after dilution, there is still 0.9%.
If you are a senior executive with only 0.1% of the shares, you can get 10 million USD by diluting 0.01% this time.
This is the benefit to followers.
Following the right guy, catching a wave of IPO in two or three years, and a few points of shares, can achieve financial affairs freedom.
It ’s not right to be a big man. In the last 20 or 30 years, there are many people who ca n’t even afford a house.
As for the remaining shares in the hands of shareholders, they will be locked by agreement, and they shall not be reduced or pledged in the secondary market within the next two years.
That is to say, even after the listing of Muye Science and Technology, Li Mu still has more than 70% of the shares, but these shares cannot be sold in the secondary market, cannot be bought and sold, and there is no way to make a pledge loan in the primary market.
If the major shareholders do not sell their shares, they will give investors more confidence.
If a major shareholder tries to sell everything in the secondary market as soon as it is listed, the stock price will definitely collapse.
If the major shareholder just listed, he pledged his shares to the brokerage and cashed out for enjoyment, then the stock price will not be maintained.
Large shareholders, like a defending general in a city, must always give the generals and the belief that "people are in the city" that everyone can fight against the enemy together with the general.
Some state-owned securities firms value the USD of 450 billion, which is somewhat daunting.
First, the price is too high;
Second, the risk is indeed quite large;
Third, such a large-scale IPO has not been done yet.
When Ali went public, the IPO scale of more than 200 billion yuan was already record-breaking. Now Muye Science and Technology is directly opened at 450 billion USD, and the tone is set too high.
Securities firms want to hold such a large-scale IPO. First of all, they have to help Muye Science and Technology raise 45 billion USD funds.
Li Mu said to them: "Everyone, once you undertake the next Muye Science and Technology IPO on the scale of 450 billion USD, I believe that there will be a large number of customers looking for you to subscribe for the stock of Muye Science and Technology. You think the scale of 45 billion USD is very large. , But the reaction of the market will definitely make you realize that this is a very easy task. "
The lead underwriter ’s person in charge is a little bit emboldened, saying: “Chief Li, I ’ve done an IPO for several years. The scale of your company ’s IPO fundraising is even higher than the sum of the companies I ’ve done in the past two years. Do you say I can't be nervous? "
Li Mu laughed and said: "This is a good thing. I finally have the opportunity to do a big thing, which is much better than doing an IPO for dozens of companies with a market value of hundreds of millions of USD and two or three billion Hong Kong dollars each year."
After a pause, Li Mu said again: "To be honest, the bigger the Big Mac company was at the time of the IPO, the more stable the performance after the IPO. Those small companies that rely on the concept and popularity, today The stock price can soar by 50%, and tomorrow it may fall by 90% in one day! "
"There are many companies that make it clear that they are listed, but there are still underwriters who will help them to do IPO. If you miss such a big thing as Muye Science and TechnologyIPO, you may not be able to participate in this kind in the next two decades. Opportunities for big projects. "
The other party nodded gently and said, "The truth is indeed such a truth, but this price is really too much pressure for us ..."
Li Mu laughed and said: "The Goldberg family behind HSBC in the United Kingdom has been catching up with the IPO of Muye Science and Technology. I have withdrawn the IPO from the US stock market. They still do not want to give up. Their family's person in charge is still Yanjing. I live in a hotel, it ’s been more than half a year, I want to see me, but I just do n’t see him for two reasons. First, what they did before with the gang on Wall Street, it really made me a little sick; second , I left him on purpose until the day I said what he accepted. "
Speaking of this, Li Mu said again: "Yes, this brother actually has always treated me with respect. In the Premier League, he also sent me a club, and I did n’t prepare Muye Science and TechnologyIPO to give him no meat, so I For the time being, I want to draw out a share of 10 billion USD from the 45 billion USD fundraising of the IPO. If you think that when you several brokers add up, 35 billion is still a bit difficult, we I can talk again. I believe that even if 45 billion is given to the Goldberg family, they will agree without hesitation. "
After Li Mu finished speaking, he glanced at everyone and said seriously, "However, I want to make a clear explanation with everyone. Why did I withdraw Muye Science and Technology from US stocks? I just don't want this group of Wall Street gangsters to enjoy this capital feast. "
"So, I want to put it in Hong Kong, because in any case, Hong Kong is an inseparable part of China, and listing Muye Science and Technology in Hong Kong can be considered as a fertile land."
"But if everyone thinks that this piece of meat is too big to eat, can't eat, and can't digest it, then I can only put this piece of meat in Hong Kong, and then let the gang of Wall Street giants eat it. . "
"If that is the case, there is no loss to Muye Science and Technology. I still sacrifice 10% of the shares and raise 45 billion USD. The only difference is who will help me raise this money. However, to everyone here Say, this loss can be huge. Once you let the market see that you ca n’t swallow large pieces of meat, or even swallow large pieces of meat at your doorstep, even if you come to a Hong Kong IPO company, I wo n’t ask you to be the lead underwriter. I ’ll probably choose a brokerage with a background in the UK or a background in the U.S., and everyone will be instantly passive! ”