Chapter 1543: IT Overlord

Longhua wants an IP, Weibo prepares an IP, and Teng Xun prepares to resume trading.

In the past five years, none of Li Dong's properties were listed, and they didn't even have the idea of ​​listing.

After five years, it's finally time to harvest.

Although Longhua is not considered a distant industry, Li Dong currently holds 20% of the shares, which is definitely not low in comparison.

While Li Dong was giving himself a vacation, Yuanfang also made some fine-tuning again.

Teng Xun Weibo’s industries, including some technical patents, were acquired by Li Dong at a cost of 2 billion in cash. These industries, Teng Xun’s Weibo will inevitably be merged into Yuanfang’s Weibo system, and Yuanfang will also choose other technologies and patents. Share with Weibo.

The 10% stake in the mall was not considered financing at the beginning, it was considered Li Dong's personal sale of shares.

So this money does not need to be shared with others.

This time it was merged into Weibo, and Weibo’s equity also underwent some small changes. According to the method of capital increase and share expansion, Weibo issued an additional 20 million shares.

Originally, the share capital of Weibo was 300 million shares, but now it has been expanded to 320 million shares.

As for Li Dong himself, the share capital held by him has increased from 104 million shares to 120 million shares this time.

Among them, the other 4 million shares were selected as rewards and distributed to employees on the eve of IP.

The last equity award was already last year.

This year, Weibo has expanded rapidly, and its staff has also expanded a lot, including the entry of some foreign executives. The 4 million shares will be used as rewards, and all major institutions can also accept it.

So far, Li Dong's personal shareholding ratio has expanded from the original 34.67% to 37.5%.

As for the senior management of Weibo and Yuanfang, the share capital held has changed from the original 10 million shares to the current 14 million shares, and the ratio has risen to 4.375%.

For Yuanfang Holdings, Li Donghe's senior executives hold a total of nearly 42% of the shares.

In fact, according to the valuation after the round of financing, the price per share of Weibo is 25 US dollars, 20 million shares, which is 500 million US dollars.

Not counting the 4 million shares rewarded, Li Dong added 16 million shares, and the value reached 400 million U.S. dollars, much higher than the value of Teng Xun Weibo.

Although Teng Xun Weibo was exchanged by Li Dong for 2 billion yuan, it actually added a lot of technology and patents.

However, Yuanfang also shared the technology and patents obtained by Teng Xun with Weibo.

Moreover, on the eve of Weibo's upcoming IP, major shareholders and managers also have the right and obligation to make some adjustments to the equity structure.

Li Dong did not choose to repurchase the equity in the hands of other institutions, but chose to increase capital and expand shares. A little difference in value is acceptable to everyone.

What's more, Teng Xun's single list of Weibo may not be of high value.

But Teng Xun Weibo also has a group of loyal fans, including some technical research and development, which also has a complementary effect with Yuanfang Weibo.

At this time, the value has risen slightly. As long as it is not too much, some capital institutions have chosen to acquiesce.

After the capital increase, the total value of Weibo has exceeded 8 billion US dollars, which actually does not count the expansion after the last round.

At this time, before the Weibo ip, the final shareholding structure was completely settled.

The total share capital is 320 million shares, Li Dong holds 120 million shares, Yuanfang and Weibo management and employees hold 14 million shares, state-owned financial institutions hold 39 million shares, Baidu holds 10 million shares, others such as Private funds such as Horizons Fund or other domestic small and medium-sized investment institutions have a total of 7 million shares.

In other words, Yuanfang and Guozihao investors, including domestic capital, accounted for a total of 190 million shares.

And idg, Sequoia, Goldman Sachs, Morgan Stanley...these foreign-funded institutions occupy a total of 130 million shares.

...

Just when Longhua officially started running for IP, Yuanfang also started running for Weibo IP.

Compared with Teng Xun, Teng Xun only resumed trading, and it still resumed trading in Hong Kong stocks.

In fact the process is much simpler.

This is also the reason why many companies choose to go public through the back door. The key lies in the time period, the process is not complicated, and the approval is easy.

As for Weibo, too many foreign-funded institutions have been introduced, and Weibo is a global social platform. If it is still listed in China, it will not conform to the interests of some countries.

Based on this, Weibo decided to go public on Nasdaq from the beginning.

In fact, if Teng Xun hadn't been defeated, and Teng Xun's shell was perfect, maybe PP would choose to go to NASDAQ when it was listed.

Of course, with Teng Xun's foundation here, it's a pity that Teng Xun gave up at this time.

In addition, the instant communication software such as PP is mainly popular in China, and foreign countries have long been occupied by giants such as SN. In fact, the instant messaging system is still dominated by China.

PP is listed on the Hong Kong stock market, which has not been opposed by many people. If Weibo also chooses the Hong Kong stock market, there will definitely be many people who oppose it.

What's more, the Hong Kong stock market is not big after all, and it is almost enough to support a Teng Xun. It is not ordinary difficult to cultivate a second Weibo with a market value of tens of billions of dollars.

Nasdaq will bring greater benefits to people.

...

distance.

Li Dong really doesn't come to the company these days anymore. His wedding is approaching and he doesn't have time to decorate his new house. He is wandering around with Shen Qian these few days.

And before there was a big change in the distance, people like Yuan Chengdao didn't want to find Li Dong either.

At this time, calling Li Dong when something happened, it proved their incompetence.

Not long ago, the board of directors had just been adjusted, and the rights of several executive directors of Yuan Chengdao had been greatly increased. This is the time to consolidate power, and it is best if Li Dong is not around.

In fact, Li Dong set up the layout of the board of directors the day before he left the company. Perhaps it was precisely because of these considerations that he deliberately gave them room to display.

...

In the conference room.

Yuan Chengdao held the first official board meeting without Li Dong in the company.

This time, Sun Tao and Wang Yue didn't come back, but Liu Hong rushed back.

Weibo's e0 Wang Xin also specially attended the board of directors.

This time, the topic of discussion is the listing of Weibo.

Wang Xin took the document and reported: "In May and June, in these two months, we made the final preparations, including integrating and digesting Teng Xun's Weibo industry.

At the end of June, we will submit an ip application to the US Securities and Exchange Commission (se).

In terms of underwriters, six Morgan Stanley, Goldman Sachs, Citigroup, Credit Suisse, and Deutsche Bank have been identified.

In July, when the se application is approved, we will announce the detailed data.

If all goes well, around September, we hope to be listed and traded.

Of course, the premise is that everything goes well, including the approval of the plan.

In fact, the efficiency may be a little slower, but the selected underwriters this time are all world-renowned financial giants. With their help, the efficiency will be much faster.

This time we plan to issue 80 million American depositary shares, and several underwriters have given us a rough issue price range before.

According to the value of the total share capital of 400 million shares, including the valuation after the round of financing, and our revenue, the ranges given by several companies are not much different, ranging from US$35 to US$40 per share.

If it can reach $40 per share, the listing plans to raise $3.2 billion.

In addition, we have also granted several major underwriters the oversubscription rights of 20 million American depositary shares. If the market conditions are good, this part of the oversubscription rights should be used.

Also, in terms of commission this time, the current rate is set at 1.5% of the financing amount, plus other expenses, the total is almost 50 million US dollars..."

When Wang Xin said this, Yuan Chengdao frowned and said: "1.5% is too high, and we also gave the other party oversubscription rights of 20 million shares, which is too much!

We only plan to issue 80 million shares in total, and if we give the other party so many oversubscription rights, Mr. Li alone will not be able to pass.

Up to 10 million shares, and in terms of commission, 50 million US dollars, stealing money!

In fact, if it hadn't been for the agreement between the big and small motorcycle companies and Mr. Li, we didn't need to find so many companies at all.

And according to the current real market, with the popularity of Weibo and their pricing range, the highest price is 40 US dollars, it is not too difficult to issue.

The cost of IP this time is at most 40 million US dollars, which is the limit, and you can talk about it later.

In addition, regarding shareholders, we should not increase the share capital too much. If we include oversubscription, the increase in share capital will reach 90 million shares.

If the total share capital is 410 million shares, Mr. Li's shares will be diluted to less than 30%, which does not meet Mr. Li's expectations.

In terms of major shareholders, at least 10 million shares must be provided, and 70 million new shares will be added to make up 400 million shares. After the listing, Mr. Li can maintain a 30% shareholding ratio.

This is still the case that Mr. Li did not reduce his holdings at the time of listing, so it can only be less than this, not more than this.

This is the plan for the time being, and you will make a detailed plan for me later.

In addition, the highest price in the distribution range is only 40 US dollars. In fact, this is not in line with Weibo's current status.

However, the specific issue price depends on the situation, and we will know the situation after the road show.

If the oversubscription meets expectations, then temporary adjustments will be made.

Also, this listing is a global placement. After the SE review is approved, the time and location of the road show will be arranged. Then I will ask Mr. Li to see his schedule. "

Weibo Roadshow, Li Dong can't do without it.

With Li Dong around, that is the biggest capital.

If Li Dong doesn't go, anyone else going to the road show will not meet that expectation.

With 400 million shares and 3.2 billion US dollars in financing, the market value of the issue price is as high as 16 billion US dollars. This is currently the largest IP financing for Internet companies in the world.

Prior to this, Google raised US$1.9 billion in 2003, and Ali raised US$1.7 billion in 2007, not as high as Weibo.

Of course, the timing is different. It is now 2009, and inflation has to be considered.

In addition, Weibo's public offering of shares is also large. Although the over-allotment shares are only 80 million shares, it accounts for 20% of the total share capital, which is not low.

However, it has not been listed for the time being, and the specific situation is unknown. If the market is favorable in the later stage, Weibo's share capital will definitely be split.

It is normal to split five and ten, after all, the 80 million shares in circulation are still too small, which is not conducive to retail investors entering the market.

At the end of the few people's talk, Yuan Chengdao suddenly said: "Back then, when Baidu went public, the closing price rose by as much as 350% that day, and at the peak of the day, it even rose by 450%!

Issued at $27, closed above $122!

In terms of fame, popularity, and influence, today's Weibo is no worse than Baidu, and even has a greater international reputation.

Of course, our basic market is also large, so the increase may not be that high, but a 100% increase is a must!

This point depends on the preparation and publicity in the early stage.

Once it hits 100% and closes at $80 per share, you all know what that means.

It means that the market value of Weibo exceeds 30 billion US dollars, and everyone present, including me, holds around 500,000 shares of Weibo.

If we meet our expectations, the value of Weibo stock held in our hands alone will exceed 40 million US dollars.

In addition, there is also Teng Xun, who will drive high and walk high!

This year is not only a bumper harvest year in the distance, but also a bumper harvest year for us.

Whether it's for the group or for yourself, I hope you all put in 1000% effort!

Perhaps as Mr. Li said, it is very possible that Yuanfang will create countless billionaires this year, even billionaires. "

If Weibo can reach a market value of 30 billion U.S. dollars, and if they don’t cash out in advance, Weibo alone can bring them hundreds of millions of yuan in income.

Not to mention, there is another round of reward plans that have not yet been released.

In 2009, it was also a year of harvest for executives from afar. Almost all executives who can survive this year will make a fortune.

When saying this, many people couldn't help but think of a few people.

Qin Hai, Zhou Haidong!

These two were previously members of the board of directors. When Weibo allotted shares, these board members accounted for half of the allotment.

For the allotment of 10 million shares, each of them received almost 500,000 shares.

The remaining 5,000,000 shares were distributed one by one, and finally reached the hands of the employees, which is actually very little.

And at the beginning of 2009, these two people left their jobs one after another, and the equity of Weibo was also handed over to the company.

If you don't leave at that time, once the round of financing is over, the members of the board of directors will almost reach the level of billionaires.

In just half a year, at this moment, many people still feel a little regretful.

It's a pity, it's a pity, no one said anything. Now almost all the shares handed in by the two have been distributed.

Kong Xiangyu from the logistics group, and Liu Hongmei, the newly appointed person, are all vested interests. If they feel sorry for Qin Hai and the others now, wouldn't they offend these current real power bosses?

...

On May 23, Yuanfang announced its plan to go public in the United States, and Yuanfang began to prepare for the road of Weibo IP.

All of a sudden, there was a lot of discussion on the Internet and in reality again.

Although Yuanfang only announced the plan and didn't even submit an IP application, many people understand that it is not too difficult.

Yuanfang is different from Ali in his previous life. In his previous life, Ali’s road to listing was tortuous. That’s because Ma Yunong’s partner system has not passed several audits, which is why it is so troublesome.

Without the control of the group, Ma Yun would rather not go public, which is one of the reasons for the twists and turns of the listing.

Weibo is not so troublesome. Yuanfang Holdings currently holds more than 40% of the shares, and it is not the listing of Yuanfang Technology as a whole, but Weibo is listed separately. The report review and the like will be much simpler.

As long as there are no major problems with Weibo, there is no big problem with going public.

Yuanfang did not announce the approximate value, but there are still some news on the Internet that the issue price of Weibo should be positioned at around 40 US dollars.

The market value of the company just went public, and it was aiming for a market value of more than 20 billion US dollars.

Among the domestic Internet companies, Teng Xun has now collapsed, Ali has delisted, and Baidu is the most respected among other giants.

Baidu's market value fell by 20 billion U.S. dollars last year, and even fell in the direction of 10 billion U.S. dollars.

Fortunately, the stock price recovered in the later period. In 2009, Baidu began to develop the Fengchao system. At present, Baidu's stock price has risen to around US$240, and its market value is also approaching the US$25 billion mark.

In other words, once Yuanfang Weibo goes public, it will open well, and it is very likely to surpass Baidu and become the company with the largest market value in Huaxia Internet!

As for whether Weibo is faster or Teng Xun is faster, it is hard to say for the time being.

But no matter who is faster, Teng Xun and Weibo may surpass Baidu and become the Internet company with the largest market value, and even seize the first and second thrones.

When the melon-eaters saw this scene, many of them said with emotion: "I never expected, I never expected, that in the end, Brother Pao became the number one brother in the IT industry.

In the past two years, there was a pattern of south horses and north plums. In 2007, Ali suddenly emerged and became two horses and one plum.

Fortunately, one of the two horses died, and the remaining one is hard to say. In the future, it may be the pattern of the North and South Erli. "

"Return the two Lis of the North and South? With Brother Pao here, the name of Bei Li can be removed.

It took Brother Pao three years to kill all the IT giants, who will compete with him! "

"That's true, you say, Brother Pao will be worth hundreds of billions of dollars in the future, not just the Internet industry?"

"Brother Pao has so much money now that it is really just a number, let's not care about how much money he has, the key is that the executives and employees in the distance are going to get rich!

I regret to death now, two years ago, the other side asked me to go, but I didn't go.

Now I can’t even think about going, otherwise, if I went two years ago, I would have to be a billionaire now. "

As soon as the man said this, many people worshiped him, and then someone asked him what kind of work he was doing, and if he was a big cow.

As a result, after making a fuss for a long time, I finally found out that the other party was applying for the job as a canteen chef, and immediately aroused boos.

Boo boo boo boo boo, three years later, Li Dong's position as the overlord of IT has been recognized by everyone.

8)