Chapter 431: Fundraising

New York, San Francisco, Los Angeles, Chicago, Boston, Washington.

Yike's roadshow in the United States increased in number because of the great success of the first stop in New York. The characteristics of the city are that they all have strong financial strength. At the same time, each stop has the help of the old four companies to lead the way, so the content of the roadshow can be said to be unchallenged.

This is not what Fang Zhuo imagined.

Moreover, the media within the influence of Goldman Sachs also began to promote Yike's listing.

Yike is different from some domestic companies. Because it has the same business as Apple, a listed company, as a target, it is easy for investors to understand and accept it. In addition, the performance of the management created during the roadshow has received good feedback in each city.

Institutions of different sizes and a certain number of investors ultimately made Fang Zhuo's stock subscriptions exceed 8 times when he returned to New York.

That is, the lower limit of the IPO price range of the cumulative bidding inquiry has been broken.

The shares that Yike plans to issue in this IPO account for 8% of the total share capital, about 22.5 million shares. Goldman Sachs has determined the IPO price range of US$19-23 based on various factors.

If the subscription multiple of the roadshow is less than 5 times, the issue price will be set at the lower limit of the inquiry price of $19.

The response is good now, and the latest suggestion from Goldman Sachs is that it can be slightly raised to around $25.

Goldman Sachs' initial IPO price was $19-23, and Yike's valuation was in the range of $5.34 billion to $6.47 billion. The latest suggestion is that Yike's valuation has reached $7.03 billion.

In comparison, Apple's market value at this time is $23 billion.

After a wave of roadshows, Yike has increased its value expectations by a considerable margin.

Originally, Goldman Sachs' $19-23 range was a relatively high range tacitly given, because the highest market value of Huaxia companies on Nasdaq was NetEase's $3.3 billion this year with "Westward Journey Online 2", but its stock price immediately fell from the price of $70+.

Currently, NetEase's stock price is slightly ahead of Sina at $57, and the latter is still stable at around $51.

It is worth mentioning that the market value of NetEase was only 20 million US dollars when it was suspended two years ago, and it once rose to more than 3 billion this year. The market value of Sina rose from more than 40 million to more than 2 billion, and Sohu rose from more than 40 million to more than 1 billion.

This group of strong performances from Chinese portal websites refreshed many people's impression of Eastern enterprises. Now, Yike's listing has also become a baton relay, but it is more dazzling.

Because, although Yike's IPO price range is not high, with a total share capital of 281.25 million shares, its starting valuation exceeds that of NetEase and Sina at this time.

Once Yike is listed, it will be the first Chinese mainland company in the United States.

The domestic noticed that Yike, which had passed the silent period of listing, had stopped the 2003 Forbes Rich List, which had already drawn up a list. Although they could not know the situation of Yike's roadshow, out of intuition and vague estimation, they believed that Ding Lei of NetEase, who was temporarily ranked first in the mainland, was likely to be in an unstable position.

In 2003, NetEase's stock was too dazzling, and Ding Lei held nearly 50% of the shares. Therefore, Forbes believed that Fang Zhuo should be ranked second in China with other assets, considering that Sina's shareholding ratio and stock price were lagging behind.

But if Yike went public...

The information exchange between China and foreign countries was not timely, and Yike's core business was overseas. Hurun, who was in charge of the rich ranking in China, could not correctly evaluate Yike's value. He just planned to wait for the results to come out.

On December 24, Fang Zhuo returned to New York and accepted a group of media interviews arranged by Goldman Sachs, including the Wall Street Journal.

"Eco has a broad prospect in the world. I think the next ten years will be the era of electronic consumer products."

"Eco and Apple are engaged in healthy competition, and there may be opportunities for cooperation in the future."

"Eco and Sony are both competing and cooperating. Sony Music is our shareholder. I believe that the two companies can join hands to enter a new era."

"I personally don't have too many expectations for the listing. As the president of the company, all I have to do is quietly do a good job in products and markets. Capital is not within my consideration."

"Obviously, from a global perspective, Eco has led the mp3 music player market. My goal for next year is to increase sales by three times."

Fang Zhuo talked freely in the interviews with reporters.

Young and handsome appearance, carefully matched clothes, fluent and authentic spoken language, global analysis, and confident outlook, all of these are easily written into media reports.

By the way, Goldman Sachs also helped provide Mr. Fang's judgment material on Sony two years ago, which is not only content that people in Japan, Singapore, and China are happy to see, but also evidence that Americans can easily accept.

Who makes Sony a world-famous brand?

The interview that followed the long journey did not exhaust Fang Zhuo's energy. After leaving the camera with a charming smile, he immediately convened an internal meeting of Yike and announced that the road show from Hong Kong, Singapore to major cities in the United States was close to success.

8 times the subscription volume, this does not mean that investors can buy if they want to, but they have to go from high to low in the IPO price range.

In other words, Yike's goal of issuing 22.5 million shares to raise US$500 million has basically been achieved.

"January 2, the listing date has been finalized."

"Everyone, everyone, I have to remind you seriously, seriously, and formally."

"On January 2nd, you'd better prepare your cameras to take pictures of the launch. This will be a witness to our initial success of Yike and will have great historical significance."

Fang Zhuo briefly described the road show situation at the meeting, and finally said heart-warming words in a serious tone.

There are still 9 days until the 2nd. After these 9 days, Yike will be a Nasdaq listed company. This is not only the honor of the company, but also the realization of the value of the options in hand. Just thinking about it is already intoxicating. .

There was spontaneous applause in the conference room, and it soon ended in cheers.

"Today is still Christmas Eve, Xiao Yu, Xiao Pan, are you interested in relaxing and walking around the streets at night?"

Fang Zhuo called the senior executives and said with a smile: "Goldman Sachs said that Time Warner has a billboard about me on the street tonight. It's a conspicuous and handsome kind. It would be a pity not to see it. "

Yu Hong: "..."

She reminded: "Mr. Fang, you seem to have a friend from China waiting for you to meet. Are you going to ask him to go for a walk with you tonight?"

"Friends in China?" Fang Zhuo was confused.

Yu Hong thought for a while: "It seems like the surname is Ni."

"Oh, oh, Lao Ni." Fang Zhuo has spent more than a week since setting off from New York to major cities. With all kinds of reviews and numbers in his mind, he almost forgot that there was also a gentleman from China who he knew. .

He thought about it for a while: "I have to call Lao Ni. There is still some good room for cooperation between me and him. Let's have hot pot together that night. It can be considered a Christmas Eve."

"Lao Ni definitely wants to be safe. He is lucky to have met me by chance. It's really hard for others to help him."

Fang Zhuo felt that this day was a coincidence, maybe it was fate, and in this world, it could be considered a blessing from Jesus.