Chapter 271: Preparation for Listing
The stall is too big and it is easy to tear the eggs.
So Li Yuan would only determine the general direction and not even consider the price.
All he can do is set standards and manage the money.
Although there is still room for maneuver, for example, when Yu Yue went to negotiate the acquisition, he made a yin-yang contract to let the company get more money, and he took the opportunity to get kickbacks.
But now the money system is very complete, and you can definitely find out if you want to.
However, once something like that happens, short-term losses are inevitable, and Li Yuan cannot ensure that the company absolutely honest.
The entire company system has standards, and only a few people can actually access the money.
If something happens, we will investigate it. Anyway, Li Yuan has the final say in the entire group now, so even if something happens, it won’t be a big deal.
The real big problem is that after he retires, there will be no one to check his power.
In essence, various problems arise because of uneven distribution of interests and imbalance of power.
For example, in the Penguin Group, each department has great power and cannot cooperate with each other, which leads to their failure in many projects.
Internal corruption is also very serious.
For example, ByteDance is a new company, and the interests of all departments are consistent. In addition, power is highly concentrated, so various projects will cooperate as much as possible.
Of course, they are ruthless in cutting off users.
There is no bottom line at all.
Currently, all power in the Qingtian Group is in the hands of Li Yuan. Once he retires and his successor comes in, the old management will become bigger.
If the new successor has no ability and no prestige, the entire structure will fall into chaos and all aspects of the business will fall into endless internal friction.
Why did the crown prince in ancient times specially set up the East Palace Cabinet? Essentially, it was to have a team under his command after he ascended the throne to fight against the old ministers left over by the previous emperor.
Yu Yue's initiative to give up power this time is not only good for Li Yuan, but also for the better future.
At least Li Yuan doesn't have to worry about him becoming too big, and he will have more trust in the future.
That night, Li Yuan met Meng Jianguo.
The senior student was in good spirits. The two chatted for a while and talked about Jiangzhou University.
It is said that Jiangzhou University has a bad reputation now. If anyone dares to say that he or she is from Jiangzhou University on the Internet, someone will immediately bring up Li Yuan.
As for the application situation this year, Jiangzhou University, which is an early admission university, will lower the admission level of all majors.
These are all spread from the Internet, because the early admission application has ended at this time and many results have come out.
Li Yuan didn't care about this matter, and he didn't cause trouble for Jiangzhou University afterwards.
It can't be that his success is also his original sin, right?
In fact, Li Yuan was very clear that there were far more problematic schools than just Jiangzhou University.
A lot of school problems will be exposed in the next few years.
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 normal, seven to eight years is considered good energy, more than ten years? It's considered a long life!
Meng Jianguo's strengths and weaknesses are very obvious. His strengths are good management skills and a manager's vision.
Even though his previous company did not take off and was only mediocre, he was able to run a company and achieve a certain scale, so his execution ability was not bad.
As a management, the most feared thing is lack of execution.
Many people have countless ideas in their minds, but when it comes to actually doing it, they either have no idea how to start, or they are lazy.
Execution has strict requirements on both, and neither is indispensable.
A management team that can really get things done will not have poor execution capabilities.
The disadvantage is that he is old, almost 50 years old, and there is not much gas in the tank. His thinking may not be able to keep up. In three to five years, Li Yuan will have to consider changing people.
Li Yuan is in need of someone right now, and he has no choice. Things in the future cannot be an excuse now.
The annual salary of 2.3 million has been decided.
There is no Yu Yue higher, because this year Yu Yue and Guo Meng both got a salary increase. Yu Yue is now 2.6 million and Guo Meng is now 960,000.
In the industry, the salaries at Qingtian Group are not high, especially for the management.
The salaries of ordinary employees below are gradually catching up with those of large companies, but the salaries of management are still several levels lower.
An enterprise of this size doesn't even have a management team 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 who makes money in the entire company.
Their job divisions are very clear, some take the blame, some do odd jobs, and some act as housekeepers...
In the evening, Li Yuan returned to Chen Jie and had dinner.
"Sister Chen, please help me negotiate the shareholding in the name of Lotus Trust. I have already prepared the specific data."
Li Yuan took out the documents he had prepared long ago and handed them to Chen Jie.
Chen Jie took a look and said, "This is a big deal. I'm afraid someone will say something about 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 give it to them. The valuation I gave is not low. The Sky Group has 200 billion, and Sky Capital has 100 billion. As long as they can come up with 30 billion, I can give them 10% of the shares. Who has the nerve to control me without paying me?"
So far, Li Yuan has not benefited from any policy dividends, nor received a penny of subsidies.
Chen Jie was not afraid of what Tang Jianjun would say, after all, he knew that the trust belonged to Li Yuan.
I am mainly afraid of what those who are not in the know will say.
The world is so big, and it's not just Tang Jianjun who has the final say. Many people who are not aware of the situation also have power.
At that time, they will lead the trend online, saying that Li Yuan gave his company to foreign capital... They will even spread the news that foreign capital is behind Li Yuan...
However, Chen Jie could tell from the data that even when Li Yuan was transferring money from his left hand to his right hand, he was not pretending.
10% of Kingkong Capital's shares is worth 4 billion US dollars, which means that Li Yuan valued 40 billion US dollars, which is equivalent to a market value of 260 billion US dollars.
A 10% stake in Kingsoft Capital is worth US$1.5 billion, which is equivalent to a valuation of US$100 billion.
It’s the same price as the 20% shares sold to Tang Jianjun before.
BiXin is not worth much at the moment, and the purchase price is just over 100 million. Li Yuan wants 20%, which is 10 million US dollars, which is equivalent to a valuation of more than 320 million.
20% of Jiutian Media’s shares, at 40 million US dollars, is equivalent to a valuation of 1.3 billion, which is relatively low.
Kingkong Securities and BiXin Payment are purely additional items. Currently, the two businesses have just started, and Li Yuan has basically given a valuation of more than ten billion, which is already very generous.
Overall, the data provided by Li Yuan is very reasonable. Except for the funds from Qingtian Group, which Li Yuan wants to cash out, the other funds are capital injections.
The value of the capital injection is even greater, and it cannot even be simply calculated by valuation.
Even though everyone thinks that the company owned by Li Yuan is not simple, it will definitely be successful in the future.
But if you really want people to give a valuation that exceeds expectations and invest real money, no one is willing to do so.
This is the situation now. People think that whatever Li Yuan does will be profitable, but if he fails in the future, no one will care about it.
But once the project is successful and the investment is very profitable, there will definitely be people who say there is some shady dealings and want to investigate thoroughly. How could so many shares be sold to foreign capital at such a low price back then? Is Li Yuan a lackey?
Chen Jie knew that Li Yuan had the confidence to say such things because he was the God of Wealth now and many projects were relying on him.
It’s just unclear whether he will be held accountable when he steps down from the altar in the future.
In fact, the world does not welcome top billionaires, because the birth of top billionaires 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 people are the most terrifying.
A net worth of hundreds of billions can at least leverage trillions of wealth. The more money the rich have, the less money there is at the bottom.
Just like what some people say, when a cockroach appears in the open, it means the cockroaches in the dark can no longer hide.
The same is true for the rich.
When a top rich person emerges, it means that there are a large number of rich people behind him.
"Then I'll do as you say. Is there anything else you want to tell me?"
"That's all. I'll take care of the rest myself."
That night, Li Yuan called Tang Jianjun.
The matter is simple, he wants to take Kingkong Capital public.
It is a great opportunity to go public now. After the first wave of new stock market ends, there will be a good period next year.
Tang Jianjun felt a little embarrassed after hearing Li Yuan's conditions.
"If you want to go to the Growth Enterprise Market, that's fine, but... if you want to go to the Main Board, 10% does not meet the requirement."
Li Yuan is only willing to IPO 10%, which he would only do if he has absolute confidence in the company.
Most listed companies want as many as possible.
If it weren't for all the restrictions, the founders would have wanted to clear out their stock accounts and leave on the first day of listing.
"Boss, I also want to take out 20%, but the question is whether there is enough money to take it. 10% would cost 15 billion, and 20% would cost 30 billion. It would be the first IPO in the A-share market. Who is willing to take it?"
Li Yuan also wanted to release more, but the problem was that the market's ability to bear it was limited, and he did not want to withdraw so much funds from the market at once.
"Then let me think about it."
Tang Jianjun couldn't make up his mind for a while.
He also felt that the amount of funding was too much.
Kingkong Capital has a thousand reasons not to go public, but since Li Yuan took the initiative to ask for it, he would not refuse.
"Then you can think about it slowly. It will be fine if it can be listed in December. There is still time."
The necessary process still needs to be followed.
"How about you borrow a shell? Borrowing a shell and taking some off-market funds will have the least impact on the market."
Tang Jianjun made a suggestion.
"Forget it. Shell resources are garbage in the first place. I don't want to encourage the trend of shell resource speculation in the A-share market."
Li Yuan thinks that there is nothing wrong with hyping anything, but hyping shell resources is purely wrong.
Although the A-share market is a casino, you can't gamble so blatantly.
In the past, there were many restrictions, so it was understandable to hype shell resources.
But things are different now. The registration system has started its pilot program and it is very easy to go public. People still speculate on shell resources just to save trouble and make quick money in the market.
"Well, wait for me for a few days."
"Boss, if you are having trouble, I have an idea. See if it can work..."
"you say."
"Qingtian Securities is also qualified to underwrite. We can produce and sell our own products without any problems. In theory, investors in the Qingtian Mixed Small and Medium Cap should also have the right to subscribe to new shares, right?"
Can investors buy new shares?
Obviously it is not possible, because there is no such button at all.
But in fact, for fund companies, they can buy new stocks.
Using the investors’ money to invest in new stocks…
"are you sure?"
Tang Jianjun didn't expect Li Yuan to think this way.
"Well, when the time comes, I will distribute shares to the investors who hold the fund. I think at least 5% will be absorbed. Isn't that equivalent to me taking out 15%?"
Li Yuan also wanted to seek benefits for his own investors. After all, those who could still stick with it at this time either had forgotten or had faith.
He also read many private messages, all asking him whether he still wanted his beloved son, the Sky Hybrid Small and Medium Cap Fund...
If you really want it, it's just that the time is not right yet.
It was almost mid-July, and he was also preparing to enter the market.
"Well, I'll think about it and give you an answer in a week at most."
"good."
Kingkong Capital’s asking price is indeed too high.
But if the price is too low, Li Yuan will not agree.
He knew that Tang Jianjun would eventually agree, so after hanging up the phone, he sent a few messages.
In the next week, hundreds of millions of funds would flow into the Qingtian Mixed Small and Medium Cap Fund every day.
At this time, Tang Jianjun also agreed.
Li Yuan asked Meng Jianguo to start submitting IPO materials. At the same time, Kingkong Capital issued an announcement.
What this means is that Kingkong Capital is in the process of IPO. As long as the IPO is passed, 5% of its shares will eventually be distributed to investors who have held Kingkong Mixed Small and Medium Cap funds in the past ten trading days.
The distribution will be made according to the market value ratio of the holdings, 2:1 or 1:1
For example, if you hold 50,000 yuan in funds, you can allocate stocks worth 25,000 yuan or stocks worth 50,000 yuan.
The final data still depends on how much the share is.
Anyway, there will definitely be a 2:1 ratio, and 1:1 is a bit difficult unless a lot of people give up.
Moreover, investors are required to open an account at Kingtian Securities. Even though it is very simple to open an account online, some people may not be willing to do so.
There may also be a situation where everyone has no money.
If you want to get stocks, you have to deposit money into your securities account.
As soon as this news came out, Li Yuan was on the headlines again.
"I have never thought that I could buy new shares of funds in my lifetime."
"The above person, you are wrong, this is not considered a new issue, it can only be considered a rights issue."
"Isn't it the same as buying new shares? How much can you earn from new shares? Sky Capital should at least double its profit, right?"
"Brother, I can only say that you think too much. If you take a look at the announcement, you will know that the market value of the Sky Hybrid Small and Medium Cap Fund is now over 8 billion. Even if the allotment is 2:1, 5% of the shares are worth 4 billion. The valuation of Sky Capital starts at 80 billion. For a company worth 80 billion, it would be good if it could reach the daily limit on the day of listing."
"Fuck, when did the Sky Hybrid Small and Medium Cap reach over 8 billion? I saw over 6 billion last month..."
"Someone must have gotten wind of this in advance, otherwise Sky Capital wouldn't have released the announcement before the IPO was approved. Yuanshen can't avoid having connections either."
"Can anyone give me a good explanation as to whether this is good or bad?"
"Brother, although I am only 26cm, I can tell you that it is the wisest choice to sell it on the day of listing. Just think of it as earning some pocket money. Yuanshen probably wants to compensate the users who still stick to the fund in the bear market. Anyway, don't hold too much hope. This stock of Qingtian Capital does not have much holding value."
