blenderwars Chapter 265 Combined Together, Starting With A Valuation Of One Trillion Yuan!
Chapter 265 Combined Together, Starting With A Valuation Of One Trillion Yuan!
Just as Boss Yang and Fatty were walking with long legs,
When walking gracefully into the auditorium,
Lin Fei has also reached his destination.
【Ligong Business Club】It is quite famous in Kyoto City,
Although it is not as good as a few "top clubs" such as [Heaven and Earth]
But it is also the service enthusiasm, and it is also the first choice of most business people.
"Welcome to [Li Palace]!"
Walking in from the gate, what you see is the magnificent hall of [Li Gong Club].
On both sides of the road, twenty or thirty beauties in black tight-fitting embroidered cheongsams and high-heeled shoes greeted the visitors.
The quality of the beauties is quite high, if you take any one out and put it in the school, it will be a "school flower" existence,
But Lin Fei is dawdling in the entertainment industry,
With a few goblins who "disaster the country and the people" every day, his vision has already been spoiled!
"Sir, is there any place I can serve you?"
A woman who seemed to be the foreman walked up to Lin Fei with an elegant smile on her face,
Lin Fei said directly:
"Box 999."
Under the leadership of the beautiful foreman, not long after,
Lin Fei met Wang Jun in the box.
This time Wang Jun asked Lin Fei to come out, in fact, he still wanted to talk about [Mi Tuan].
At this time, Lao Wang was leaning on the sofa and chatting with two middle-aged men.
These two Lin Fei knew each other, both were executives of [Mi Tuan], and they were also right-hand men of the royal family.
Seeing that Lin Fei finally arrived,
Wang Jun immediately stood up:
"Boss Lin, I've been waiting for you for a long time."
"Come, come, it's all here!"
"Let's start now."
There is a mahjong machine in the box,
In addition to talking about business today, Wang Jun is also thinking about asking Lin Fei to play mahjong.
It's been a long time since Lin Fei hasn't played Mahjong.
But the level is still there,
Soon, he sat down in front of the mahjong machine with Wang Jun and the others,
Then the four played mahjong together.
"Mr. Lin, why didn't you bring your big star female secretary today.
"Aren't you always inseparable?"
Seeing Wang Jun's curious eyes, Lin Fei smiled and responded:
"Pang Di went to [Northern Film] with my sister Mi."
28 "[Northern Film] is my sister Mi's alma mater, and it's celebrating today!"
Hearing this, Wang Jun knew the whole story,
The next second he nodded and said:
"So it is!"
Lin Fei came all the way here, not to gossip with Wang Jun,
In the next second, he spoke directly:
"Mr. Wang, what about the [Mi Tuan] side?"
"Are you planning to start the next round of financing directly?"
【Mituan】The current market value is around 28 billion.
Before that, put aside the words of the angel wheel,
It has gone through three rounds of financing.
If it is refinanced, it will be the fourth round, which is the D round of financing.
And Wang Jun, after hearing Lin Fei's question, nodded directly:
"Now our business has matured, and the market layout is almost the same.
"Next, we just need to develop step by step."
"I'm thinking, if we raise another round, we will almost see the results."
Wang Jun's words contain a lot of information.
Lin Fei pondered for a while, and then he roughly figured out what Wang Jun was thinking.
[Mituan] Now, whether it is business or market layout, we have almost done it.
That is to say, the next thing to do is to go public.
Many people may be curious when they hear this,
Since they have already developed to the point of [listing],
Why open a new round of financing?
This is because this round of financing means that [Mituan] is about to start preparations for [IPO].
【Mituan】In the current account, it is not very short of money, but it is not very rich either.
In order to have a good result when going public,
What they have to do now is to increase their company's cash reserves.
If I guessed correctly,
The purpose of the D-round financing of [Mituan] is to bring back a little more reserve funds.
Only when these preparations are done well, can they launch a higher impact on the market when they (list)!
After understanding everything,
Lin Fei thought for a while, then raised his head to look at Wang Jun:
"[D round] financing, how much does Mituan plan to raise?"
Hearing Lin Fei's question, Wang Jun thought for a while, and then said:
"The current tentative plan is to raise 30 billion yuan!"
30 billion is it?
Hearing this, Lin Fei asked again:
"What about the release date?"
"When does Mr. Wang plan to make [Mituan] go public?"
Wang Jun looked at Lin Fei and replied:
"I expect it to be in the middle or late next year."
"If the subscription can be handled in the middle of the year.
"About September-October, it should be on the market."
After listening to Wang Jun's thoughts,
Lin Fei fell into a short thought,
After about 5 minutes, Lin Fei slowly expressed his thoughts:
"Mr. Wang, I don't think the arrangement you made is suitable."
"Too fast."
"Actually, there's no need to let [Mituan] go on the market so early."
"I think it's better to raise [Dianping] for a few rounds before considering listing."
"At that time, both the steps and the starting point may become higher, what do you think?"
Hearing these words from Lin Fei,
Wang Jun was stunned for a moment.
Give [Dianping] several rounds of financing, and then consider going public?
Fuck, such a good idea, why didn't he think of it before?
Many people may not know what the purpose and significance of a company going public is.
First, the listing of a company can improve its own financial situation. If it is to conduct financing or loans, the procedures do not need to be so cumbersome.
Second, the listing of the company can divide the shareholding system more clearly and thoroughly, which is conducive to its supervision.
Third, after being listed, the company can bring a premium. For companies that are not listed, their company value is always just a valuation. For example, the current Jiaxing, before it is listed, what outsiders give it is always a valuation. There is no way to equate valuation with money. But after the listing, it is not necessarily the case. The valuation has become a specific market value, and cashing out will become very easy, and if the company develops well, it can be cashed out at a premium.
Fourth, after the company goes public, it will help to enhance the brand image and increase competitiveness.
Combining the above four elements, it can be seen that the most important point is always the third point.
After listing, the company can pay a premium!
After going public, the company is able to convert the valuation into a real market value!
It is because of this benefit that companies rack their brains to think about going public.
As for Wang Jun, his thinking was the same.
As long as [Mituan] is successfully listed, it will have the most accurate market value,
This market value can be easily realized,
At the same time, once the listing is successful, the market value of [Mituan] will definitely soar to a large extent.
Lin Fei currently holds 50% of the shares of [Mituan]. Once [Mituan] is successfully listed,
He also reaps huge benefits.
But why does Lin Fei raise objections now?
It is because he feels that [Mituan] is not suitable for listing at all,
In the previous life [Mituan] went through a total of 4 rounds of financing.
This is about the same as today's [rice ball].
But many people may not know that although [Mituan] only went through 4 rounds of financing before going public,
But [Dianping] Awesome.
A total of seven rounds of financing have gone through.
Later, [Mituan] after four rounds of financing merged with [Dianping] after seven rounds of financing,
It also went through 2 rounds of financing,
In the end, the [Trillion Empire] of [Rice Ball] was created!
In this life, because of Lin Fei's help, [Mituan]'s development path has been quite different from the previous life.
Although [Mituan] in the previous life also spun off [Review Business] and [Takeaway Business] first,
But in fact, they would choose to divest, purely because of helplessness.
The resources of the parent company are simply not enough for the simultaneous development of the three businesses.
Only when the three businesses are all independent and financed independently can the overall value of the company go hand in hand.
And what about this life?
Lin Fei has helped 【Mituan】a lot,
That’s it, now [Mituan] is in good financial condition, and the parent company can fully afford three businesses to blossom at the same time,
Therefore, the matter of "independent financing" was subconsciously ignored by Wang Jun and the senior management of (Mituan).
Why does Wang Jun suddenly feel that Lin Fei has come up with a "super brilliant" idea?
This is still related to the "steps and starting point" he mentioned just now.
There may be some things that feel very cloudy at first,
But after really simplifying the complexity, it will become very easy to understand.
To explain it simply, it is like this,
【Mituan】The current market value is 28 billion.
If in the D round of financing, they raised another 30 billion.
Then after the financing is completed, the market value of [Mituan] should reach the stage of 60 billion to 80 billion.
In the early stage of listing, the last round of subscription and fundraising will be carried out.
This round of subscription and fundraising began to represent that the market has really begun to make an accurate valuation for Mituan.
According to their current development potential,
If, according to Wang Jun's original plan, the listing will be launched directly from September to October next year,
[Mituan] The market value after listing should be between 300 billion and 600 billion.
But now, according to Lin Fei's plan, it will be different.
Spin off the other two businesses of [Mituan], and refinance each of them for several rounds.
This will make [Mituan] more competitive and attractive.
Every additional round of financing means that the market has given you more recognition.
In this case, the business is then merged together at the end,
The potential of [Rice Ball] is incredible.
Even several other businesses, such as [Dianping] have specific valuations,
Under such circumstances, if [Mituan] considers going public, the initial market value may be estimated at one trillion yuan.
Of course, it is impossible to say that there is no harm in doing so.
Excessive financing will lead to a large dilution of the shares of [Mituan],
In the end, although the market value of 【Mituan】has gone up, his equity in Wang Jun's hands has been almost diluted, so what's the point of doing such a thing, right?
And now, why did Lin Fei propose this
This suggestion is because he can avoid this possibility.
Now Jiaxing lacks everything, except money,
What he can guarantee is that if [Mituan] also takes out the sub-business for separate financing,
No matter how many rounds of financing, he can eat all of them,
In this way, not only will his equity not be diluted,
At that time, the potential of [Mituan] after its listing on 613 will also increase significantly.
This is a wonderful move in which cooperation can benefit both.
Wang Jun pondered for a long time,
Suddenly, he raised his head and looked at Lin Fei:
"Boss Lin, this idea is really powerful."
"However, if I'm not wrong, am I being targeted by you again?"
Seeing Wang Jun saying such things to himself in a "serious" way,
Lin Fei couldn't laugh or cry in an instant:
"Mr. Wang, this is a matter of mutual benefit, how can you say that I'm eyeing you again?
"I just want to ensure that the market value of [Mituan] can be maximized after listing!"
"At the same time, it also ensures that the equity in my hand will not be diluted too much."
"Besides, it's good for you, isn't it?"
"It's not just me, you can also vote with me."
"In this way, won't your equity be diluted?"
What Lin Fei said is actually very easy to understand,
For example, now, if [Dianping] is to start accepting financing,
Then it will start with the initial A round.
Starting from the A round means that the smallest investment can be exchanged for the largest return,
This is also a good opportunity for Wang Jun and [Mi Tuan],
They can take advantage of this opportunity to hold most of the shares of [Dianping],
After the [business merger] in the future, they can also take this opportunity to take back some of the equity that [Mituan] raised before.
Indeed, Lin Fei is right,
This is a great thing that benefits both sides.
But thinking of this, Wang Jun still felt that he was being targeted by Lin Fei.
Being able to make such a suggestion shows that he still wants to take advantage of [Mi Tuan],
Thinking of this, Wang Jun asked cautiously:
"Boss Lin, can you tell me the truth?"
"If I let [Dianping] also accept financing."
"How many rounds are you going to follow?"
"Three rounds or five rounds?"
Hearing this, Lin Fei laughed instantly:
"The number of rounds depends on how many rounds [Dianping] will raise."
"If possible, I definitely want to follow every round.
"But I reckon, Mr. Wang, you should also want to take advantage of this rare opportunity to recover the equity for a week as much as possible.
"Otherwise, let's do this, round A and round B, I don't have to do it."
"After round C, you let me follow 50% every round!"
"We are old friends, Mr. Wang, you won't be reluctant to make this small request, right?"
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