Chapter 460 The capital is cool in autumn, and there are lots of transactions(2/2)
"This wine is okay."
"I think it's not that interesting. You guys are not that interesting. Can you drink it a few times and get some from the wine cellar?"
"Mr. Wen, you are very naughty."
"That's slander. I didn't deal with it when you went to Yangcheng. You just took the wine stolen by my fiancée, so you just had fun."
"..."
We are all old acquaintances, and we have stopped talking so much. Come up and have a few sips before talking.
Not too many.
There is no longer any need to hold it, and there is no need to show ‘emotion’ by drinking too much.
After eating and drinking for a while, Wen Liang put down his chopsticks, wiped his mouth, and took the initiative to bring up the matter: "I don't know what you have to do, but let me talk about what everyone is concerned about first, Bolang Orange is on the market."
"After the B round of financing, Bolang Xiaocheng has developed well. There were originally plans for a C round and then a Pre-IPO round. However, under the current situation, everyone wants to go public as soon as possible, skip the C round, and go directly to the Pre-IPO round."
"Valuation aside, everyone should have an idea about the proportion of shares released this time. In this way, the shares will be expanded to 2 billion shares."
This last sentence made everyone here's eyes light up. At this juncture, expanding shares so much is a benefit to investors.
The current market value of Bolang Xiaocheng is still very eye-catching, the revenue capacity of Xiaocheng Shu has been increasing year after year, and Xiaochengshu is also developing well overseas.
Although it has not expanded to a sufficient scale, it cannot even compare with the newbie Range, let alone Facebook, Twitter, and YouTube, but it still occupies a very good market share. The total number of users has already approached 300 million. According to this
If the situation continues, we will soon be able to compete with Twitter.
If Range's positioning hadn't mainly overlapped with YouTube, it would have been able to compete with Twitter, which has 600 million to 700 million users, for the top spot in terms of global microblog activity.
Twitter currently has more than 200 million monthly active users, and around 100 million daily active users.
Range is not bad either, with monthly active users of 200 million and daily active users of around 100 million.
Speaking of which, after the self-made range was traded away in a complicated form, although the control was still in Bolang's hands, no one in the world could find out its relationship with Bolang.
So everyone felt that with Bo Lang's aggressiveness, xiaochengshu and range would definitely have a fight.
In short, back to Bolang Xiaocheng, its market valuation is very impressive, and with Bolang's backing, if you want to join the "coin-sharing team", it depends on whether Bolang takes it or not.
Obviously, Wen Liang has no intention of expanding the number of investors.
After a moment of silence, Zhang Sanshi spoke first: "After multiple rounds of internal analysis and evaluation, we have initially determined a valuation area. We believe that a pre-money valuation of 120 billion is more reasonable. Xiaochengshu does not have a market advantage overseas for the time being.
"
"Investment, investment, investment is for future value, Mr. Zhang, we are so familiar with each other, so let's stop arguing." Wen Liang made a gesture.
Zhang Sanshi smiled bitterly: "Okay, okay, fixed price, 150 billion."
"I have no problem." Shen Nanpeng was the first to express his opinion.
Mapperli looked at Liu Chiping, who said helplessly: "Of course we have no problem. Mr. Xu is handling business overseas today and can't make it. Please let me act as your agent and my opinion will prevail."
The process for this round of financing is simpler.
The pre-money valuation of 150 billion is calculated based on the current total share capital of 10 billion shares, which is 15 yuan per share. If the shares are expanded by 2 billion shares, that is, 30 billion will be raised, and the post-money valuation will be 180 billion.
The share ratio is 5% held by Bolang Group, and the rest is jointly held by these companies. The amount is still uncertain. It will be true after the IPO, when Bolang Group's share should be less than 50%.
In fact, this valuation is still not too high.
After all, everyone thinks that xiaochengshu will rise further sooner or later, and there is great hope to compete with Facebook, which has been criticized for advertising, because xiaochengshu and xiaochengshu also focus on advertising but are not disliked by users.
Facebook’s recent market capitalization has fluctuated around US$130 billion.
After being manipulated by Bolang, Facebook's stock price has become stronger.
In fact, the market value of Bolang Xiaocheng alone is also expected to be comparable to that of another company, that is, White Goose, which has a market value of more than 100 billion US dollars.
Although White Goose's QQ international version is developing well under the promotion of Bolang and has further expanded its international market share, it is not in the same dimension as xiaochengshu's strong expansion backed by Bolang.
In other words, Bolang Xiaocheng’s market valuation growth after Series B mainly comes from xiaochengshu!
Originally, Zhou Hongming, CEO of Bolang Xiaocheng, could negotiate such a specific financing matter, but if it was not possible, it would be fine for one of Xindai, Tang Pu, and Chen Jiaxin to take action.
However, Wen Liang is not the kind of person who burns bridges across rivers, and there is no need to do it deliberately. We just talk when we meet. If we don't meet, we don't have any opinions on the phone.
Zhang Sanshi and others here are all sensible people, and they have a clear understanding of what Wen Liang is facing.
Knowing what kind of people are currently competing with Wen Liang, they are almost beyond the scope of their help.
In any case, the 30 billion funds obtained from financing also allowed Bolang to further increase its redundant reserve of funds.
I have to say, these capital institutions backed by overseas old money are really rich.
Several companies can come up with tens of billions of funds at once.
Of course, this can only happen if the return on investment of Bolang Xiaocheng is very impressive. Everyone estimates that the market value of Bolang Xiaocheng is around 300 billion.
As for why so much should be vacated, of course it is to leave room for the IPO.
…………
After we agreed on this simple matter that Wen Liang took the initiative to bring up, the topic suddenly started to change.
Zhang Sanshi and others expressed some concern for Wen Liang's trip to the capital.
"Presumably we don't need to ask Mr. Wen to know that Lao Liu has gotten involved again, mainly with people from Goldman Sachs Asia. It's not clear what he wants to do."
"Anyway, there are still a lot of people in the shopping mall, and Oceanwide also has some ideas. They have lost the fat in their mouths..."
"I heard this is a 'new' thing. Oceanwide has set its sights on some land parcels in Jiangxia. They all changed hands under the name of Starry Sky Semiconductor some time ago. It is said that Boss Lu is very unhappy..."
"Boss Lu is a better person than Lao Liu. He is cautious, makes friends, and spends a lot of money. Twenty years ago, he would have to see whether Lao Liu would give him a shoe if he picked up Lao Liu's shoes. Ten years ago, it was 50-50, but now...
…It’s hard to say.”
"Boss Lu is still a bit overweight. Minsheng Bank is almost his cash machine. Director Wang of Wanda, Mr. Sun of Sunac, and Mr. Duan of Sitong are all very proud of him."
"Ma Ali, who had always been protective of himself before, may have to stand up. After all, it was Goldman Sachs who really made Alibaba's fortune. At that time, it held 50% of the shares. The most recent one was that in June this year, Goldman Sachs participated in Alibaba's US$8 billion syndicated loan.
The share is US$500 million..."
Zhang Sanshi's concern is reflected in information exchange.
At most, Wen Liang had heard a little about these news, but he knew a lot about the things behind it. Lao Liu, the eighth master, was Goldman Sachs' best lackey to acquire domestic state-owned assets, and he would not be abandoned so easily.
Boss Lu values friendship very much. Like many people, he believes in one sentence:
When the money is used up, the friendship will be exhausted.
Since the beginning of the last century, Oceanwide's real estate business has always been successful in various places, frequently acquiring core and popular land parcels, and it feels like it is effortless.
Oceanwide has previously acquired popular land parcels in Jiangxia many times, and was once the dominant player in Hubei and Jiangxia.
Therefore, he is not happy that Bolang Group holds almost all the popular land that can be developed in Jiangxia. It is reasonable. After using the tool of friendship for a long time, it will deteriorate.
The land held by Star Semiconductor should be viewed in two parts. First, as an industrial high-tech company, it is the target of local wooing and even has a land share. Second, the local government and Star Semiconductor are "like-minded", and the local government is
Active investment behavior.
So what kind of friendship can be greater than the large number of people in Jiangxia who want to move their butts and sit on a higher chair?
To be honest, compared to Lao Liu, Wen Liang does have a higher regard for Boss Lu, and his friendship is stronger.
Wen Liang listened carefully to everyone's exchange of information, and finally said nonchalantly: "None of this matters."
What he means is that he doesn't take these people seriously, he looks behind them.
So Zhang Sanshi and the others didn't say anything more and happily changed the topic.
Afterwards, Mapperly took the initiative to talk about a business matter: "What does Mr. Wen think of the online ride-hailing business?"
"This..." Wen Liang pondered for a moment, "Let's make another round. I think this business plate is not big and we can handle it."
Zhang Sanshi quickly reached out to stop him: "Don't worry, let's talk together."
Wen Liang didn't hesitate much and quickly came up with a plan: "Integrate our map business with Mr. Ma's map business into a new map to provide better basic support for online ride-hailing, and then burn money to grab the market. Quickly
If you can merge and acquire, just merge, if not, just compete, anyway, it’s not Ali’s business.”
"Let's arrange for the team to discuss more specific matters."
Mapperli said cheerfully: "With Bolang joining us and burning money, it won't be a big problem."
"Director Ma is bullying our new company, right?" Wen Liang said with his lips curled up on purpose.
Mapelly: “…”
Blanch!
Both Didi and Kuaidi have just started to develop, and they are extremely small compared to Bolang. Bai Goose, who is an investor in Didi, naturally has ideas. Now Wen Liang said, okay, nothing happened.
Mapperli is still willing to do anything that is profitable.
Moreover, since they are allies of interest, Maperli will not be stingy if he finds something for Ali to do.
Chapter completed!