Chapter 1596: Resume pricing

Li Zeju is weighing the pros and cons, and Li Dong has no time to think about it.
As a matter of urgency, his main goal is to resume Teng Xun.
Compared with the resumption plan, as long as Teng Xun's stock price rises a little, billions of billions of mergers and acquisitions will be earned back, which is so troublesome.
As for Li Zeju's plan to attack Teng Xun's resumption, Li Dong would not care too much.
It is true that the Yangtze River is strong, but this time Teng Xun also participated in a large number of shareholders, and some international investment banks have participated.
Once the Yangtze River gathered Teng Xun at this time, there were more offended people.
Especially here in the distance, that is the endless endlessness of Zheng'er.
Since Li Dong's rise, he has maintained an extremely strong attitude to the outside world. Could Changjiang dare to desperately fight with him?
And Li Dong, outsiders think he may not dare, but in fact, Li Dong is really dare.
Maybe it's not long enough, maybe it's a rebirth. I always feel that these things are not necessarily my own in the end. Li Dong actually doesn't think about these things as seriously as others think.
If he really cares and pays special attention to it, at this time, in order to build a century-old enterprise, he should settle down, instead of continuing to expand blindly.
Li Dong's current expansion is actually still betting.
As a rebirth, gambling is actually greater than a real entrepreneur.
...
Xiangjiang Airport.
As soon as Li Dong left the airport, countless media surrounded him.
As the world's richest man and the largest resumption of trading in the Xiangjiang stock market, it will be launched here. At this time, knowing that Li Dong is coming to Xiangjiang naturally attracts all kinds of media.
Xiangjiang's paparazzi are very famous. Of course, Li Dong is not a star. These media reporters dare not treat Li Dong like a star, not to mention stalking.
Compared with the mainland, Xiangjiang's media really dare to say something.
When Li Donggang stopped, a reporter asked in Putonghua with a Hong Kong and Taiwanese taste: "Mr. Li, this time Teng Xun resumes trading, and the issue interval is set at between 45-50 Hong Kong dollars.
This price is more than double that of the previous Teng Xun!
Do you think that the reorganized Teng Xun can really bring such a large return to investors? "
Li Dong Wenyan said with a smile: "Why can't you? New Tencent Group, in my opinion, after integrating the resources in the distance, it is more than twice as strong as before!
The former Teng Xun also faced fierce competition from us, and the industry was not diversified enough.
Now, we have made up for all the shortcomings of Teng Xun.
In addition, our mobile i software, WeChat, is also affecting all mobile user groups at an unimaginable speed.
At this time, is 50 HKD high? "
"But some industry experts are now predicting that Teng Xun's resumption price is too high, and may fall below the issue price on the day of resumption ..."
As soon as these words came out, Li Dong turned black and sneered: "Which expert said? Rest assured, I'm not in trouble, I'll listen to the name.
I'm waiting to hit my face!
On the day Teng Xun resumed trading, the stock price rose less than 20%. Li Dong personally invited the expert to become our chief consultant from afar, and what about his annual salary of one billion yuan! "
"Cough cough ..."
Many media reporters couldn't help but cough out, and Xu Shengzhe, who was behind Li Dong, was also speechless.
Can it be done?
This kind of expert said that it was all old-fashioned tones, and Li Dong was actually more authentic.
And at this time, is it really appropriate to say this in front of the media?
That day, a 20% increase, you Li Dong will not be afraid to hit his face by then?
Now the pricing range reaches a maximum of 50 Hong Kong dollars, that is to say, the closing price of the day is less than 60 Hong Kong dollars, Li Dong's face was lost by himself.
Why is Li Dong so confident that Teng Xun's market value can reach HK $ 360 billion on the same day?
It should be known that the total market value of Hong Kong stocks is only a few trillion Hong Kong dollars, and there are hundreds of companies listed on the Hong Kong stock market.
The current ranking of Hong Kong stock market values, such as mobile, CCB and ICBC, are ranked among the best.
Among the top ten companies in terms of market value, Yangtze River and Huang are each occupying a place. The total market value of the two companies exceeds 500 billion Hong Kong dollars. However, the Yangtze River, which ranks tenth, is only worth 250 billion Hong Kong dollars.
If Teng Xun breaks through the HK $ 360 billion mark on that day, then Teng Xun will rush into the top ten of Hong Kong stocks in one fell swoop, not only the top ten but the seventh.
By then, the Yangtze River will be squeezed into the tenth position.
A Teng Xun, whose market value has surpassed the Yangtze River, and Internet companies really have such great potential?
At this moment, everyone still questioned a little.
Before Teng Xun surpassed, it reached 200 billion or even 250 billion Hong Kong dollar market value.
Can HK $ 360 billion, is it possible?
Regardless of whether they believe it or not, Li Dong continued, while walking towards the team in front of the door, while continuing: "Now the global economy is recovering, it is a sunrise industry again, is there really more than 360 billion Hong Kong dollars?
In my opinion, it won't take long for this Hong Kong dollar to be exchanged for US dollars ... "
Yes, the reporters do n’t want to follow up.
The richest man in Li's family is getting bigger and bigger, it's $ 360 billion, what else can I say?
In 2009, the impact of the worldwide financial crisis has not completely passed.
Compared with the peak period in 2008, at this time, the market value of many companies has not recovered.
At present, the No. 1 company in the world market capitalization is Essenck Mobil, with a market value of US $ 330 billion.
Ranked second by market capitalization is China National Petroleum Corporation, with a market value of 270 billion US dollars.
Wal-Mart ranked third with a market value of US $ 200 billion.
Even Microsoft has a market value of only $ 140 billion, ranking sixth in the world.
Li Dong dare to say that the mouth is 360 billion US dollars, really not afraid of the wind flashing his tongue?
Not to mention the US $ 360 billion, which is the Hong Kong dollar, everyone has doubts.
With the departure of Li Dong ’s convoy, some of Xiangjiang ’s media reporters could n’t help but say:
They all say that Li Shengneng can blow up, some mainland friends. I said this before.
But now ... "
What are you talking about now?
When it comes to $ 360 billion, the global market value is the first, and it seems that it has not continued to blow.
Blow again, really breaking through the sky.
...
Xiang Jiang's media vomited, and Xu Shengzhe, who was on the train, also vomited: "You dare to say that you are really taboo now, and dare to go out of everything
Everyone is scared of 360 billion Hong Kong dollars. You have to change to US dollars, and you can simply change to Euros. "
Li Dongchi laughed and said: "It's rare and weird. Did I say it is now?"
Impossible now, does not mean impossible in the future.
The entire Hong Kong stock market is only on the scale of several trillions.
In the future, the Teng Xun family will reach the current total market value, do you believe it? "
"Do not believe!"
Xu Shengzhe shook his head very determinedly, with a trillion-dollar market value, just kidding.
The current Hong Kong stock market has experienced a slight blow in 2008, and its total market value is less than 6 trillion Hong Kong dollars.
But this is trillions!
It's still 6 trillion Hong Kong dollars!
Li Dong said that Teng Xun's family could achieve it, of course he didn't believe it.
Not to mention 6 trillion, 600 billion Xu Shengzhe feels a little dangling, it is unknown whether there is any spectrum.
"You don't believe it, it doesn't mean impossible.
Let's go and see well. What you see is different from what I see ... "
"Come on, don't tell me this, I'm not interested in listening.
When will you meet them?
I'm with you, it happens that our underwriters are almost all coincident and talk about Longhua's issue. "
Li Dong frowned: "Is it necessary? You follow me now, you will get some opportunities, but it's ugly. After a while, our two parted ways, your own reputation has not been established.
At that time, I think you are my vassal of Li Dong, I see how you deal with all kinds of trouble.
Longhua ip, of course, is still mainly based on Longhua, mainly on yourself.
This is also the time to build your personal prestige.
How many ip opportunities can an enterprise have?
This is a big business event. Once you fail to establish your personal prestige this time, don't try to take off your second-generation hat.
Follow the trend everywhere, follow the trails of others everywhere, who will look at you high? "
Hearing this, Xu Shengzhe was slightly stunned. After a while, he slowly said: "It seems that, during this time, I was a little bit confused.
I always feel that after mixing with you for a while, there will be less trouble and more convenient.
Now think about it, it really becomes your vassal.
There are some things that I have to do in person. "
"It's good to know, so I will leave you later, and I will leave me. Don't bother me with anything else."
As soon as Li Dong finished, Xu Shengzhe suddenly suspiciously said: "You guys, don't you want to take advantage of it and do nothing?"
Li Dong didn't have a good air: "What did you say? Am I that kind of person?
I'm thinking for you, think for yourself, who will convince you if you go on like this?
In the end, I didn't want to enter Longhua. When Li Dong came forward, your own senior executives had to welcome me in. You just waited to be aloof. "
"Always think you are too troublesome, do you want to help ..."
Xu Shengzhe mumbled, saying that, Li Dong actually said it made sense.
Everything is convenient for Li Dong to help with it, so his personal presence is too low.
In the end, the outside world only knew Li Dong, but not Xu Shengzhe. This was Xu Shengzhe's biggest crisis.
Now think about it, if this is not a rush to go public, in fact, it should not rely on Li Dong's reputation, it is too much reliance.
Before, there was wind outside, and Longhua was actually Longhua in the distance.
At that time, Xu Shengzhe didn't care too much. Now Li Dong said so himself. Xu Shengzhe had to get up and start to meditate.
...
Xu Shengzhe was thinking about things, and Li Dong did not bother.
He was afraid that trouble was one point, and another point did indeed feel that Xu Shengzhe had a problem with his current mentality.
Before going public in a hurry, I wouldn't say it. During the listing process, this guy, if he has a little trouble, the first thing he wants is not to solve it himself, but let Li Dong help.
Once or twice, for a long time, even if Longhua is not easy to master, then Longhua's own brand effect is difficult to establish.
This may not be a good thing for the future development of Longhua.
And Li Dong, in fact, does not value those real estate groups that much.
If he wants to seize the power of Longhua, he can now slowly gather people's hearts and signal the outside world.
But Li Dong didn't even care about Dongyu Real Estate, let alone Longhua Real Estate.
He had his own plan, and the construction of the enclosure by the retail group was not noticeable. He really wanted the real estate company to grow bigger, but it was not necessarily a good thing.
In the end, the real estate business of the retail group may be much larger than that of the top ten real estate groups in China, and it is not conspicuous. This is the result Li Dong wants.
...
At noon on the 22nd, Li Dong arrived in Xiangjiang.
In the evening, he asked the heads of several underwriters to discuss matters.
This time, Teng Xun's resumption of trading was huge, and it was much larger than the original Guomei resumption. Teng Xun still chose an underwriter.
Morgan Stanley, Goldman Sachs, Citigroup and Bank of China are the underwriting syndicates of Teng Xun.
On Weibo, the number of members of the underwriting syndicate has reached six, and the three foreign investors of Morgan Stanley are also included. There are not many cases of IP underwriting internationally by BOC, but they have not entered the microblog underwriting syndicate.
It is a big deal for these investment banks to undertake the listing plans of the two major groups in the distance.
Weibo and Teng Xun, the two listed on the scale of more than 50 billion US dollars.
In 2009, the listing underwriting plan of this scale is still very large. Once the listing market is good, these companies will make a lot of money.
Underwriters not only earn various fees paid by listed companies, but also over-allocated equity.
They may or may not exercise this right.
Once the market is favorable, during the roadshow, there are more orders received and more oversubscription multiples, which means that it will definitely explode. At this time, when they exercise the oversubscription right, they will make a big profit.
Therefore, several companies also attach great importance to Teng Xun's resumption plan.
Not only the heads of the Asian region have arrived, but also the senior leaders of the headquarters.
Hotel conference room.
Li Dong exhaled while unbuttoning his shirt: "It's not too good in the south, it's a bit sultry.
We are all old acquaintances, then head straight to the topic.
This time, Teng Xun sold 1 billion shares, of which 300 million shares were publicly sold in Xiangjiang. Of the remaining 700 million shares, 680 million shares were international placements, and the remaining 20 million shares were given to you in advance. Stay.
I do n’t care if you exercise your over-subscription rights.
The key is that this time the financing scale is not small, 1 billion shares, 50 billion Hong Kong dollars of financing, 6.5 billion US dollars.
6.5 billion US dollars, too much is not too much, too little is not too little, of which the international placement portion accounts for a majority.
On the Xiangjiang side, I still think that the problem is not big. The key lies in the international placement. As an internationally renowned financial institution, you have had many underwriting experiences. I think you still know.
The $ 6.5 billion subscription amount is not difficult, and this is inevitable.
But what I want is not to reach 6.5 billion US dollars. If it is just barely this data, it is the biggest denial of Teng Xun, the biggest denial of far away, the biggest denial of me Li Dong!
This time, I won't tell you about those fake, 10 times the subscription amount!
If the frozen funds exceed 65 billion US dollars, then you will be listed as the main underwriter on Weibo. Once you do not even reach 65 billion US dollars, it means that you cannot meet my expected plan.
Next, Weibo will go public and will not be handed over to you again.
I would rather postpone the listing of Weibo than let the Weibo listing encounter a crisis.
Teng Xun's foundation is here, and his foundation is here. I can first use it to test the water for you. No matter how bad it is, it will not be worse than the previous Teng Xun.
But Weibo, the first ip, is still in the United States, you do n’t come up with some strength, it is difficult for me to believe you. "
After Li Dong finished speaking, the translator on the far side also translated simultaneously.
The heads of several institutions across from each other gathered together and whispered a few words, and then the other party ’s translator began to say: "Mr. Li, the $ 6.5 billion financing amount, 10 times the subscription amount, we have done these cases, 10 times, just the lowest expectation.
The main point is that Teng Xun's issue price is indeed somewhat higher.
In fact, if the price is set at HK $ 40, the effect will definitely exceed Mr. Li's expectations ... "
It is inevitable for underwriters to set low prices.
The pricing is low, they do not say good operation, when the right to exercise the over-allotment right, the other party can also take those stocks at a low price.
This is also one of the biggest differences between ip companies and underwriters.
No company wants its issue price to be underestimated. The issue price is set low, which means that the amount of financing will be much less.
The amount of corporate financing depends not on the closing price of the day, but on the issue price.
The pricing is low and it sounds good when it breaks out, but in fact, the company is losing money.
When Baidu went public in the U.S. on the first day, it exploded on the first day, but Baidu didn't raise much money. Its reputation was good, but its actual benefits did not meet expectations.
Of course, it should not be too high.
If there is no one in the market, the trouble is even greater.
Therefore, enterprises and underwriters are required to prejudge and compromise.
Now, several Malaysian companies hope that Li Dong will lower the issue price, which is also for their own interests.
Several Malaysian companies are fighting for, but the BOC people said nothing, they are mainly responsible for the underwriting plan of Xiangjiang and the country.
The scale is much smaller than the international placement, but they eat one family, but they have an advantage over several companies. At this time, it is enough to watch other companies fight for it.
Li Dong glanced at the other person and frowned slightly: "In this way, the road show plan has been arranged. At the end of this month, a road show will be held in Xiangjiang.
When the time comes, look at the on-site subscription plan, how much is the price, and then talk about it in detail.
However, I explained in advance that the gap of 40 Hong Kong dollars is too large, and the probability of my consent is very low.
As an internationally well-known underwriting agency, do n’t follow me for meaningless things. "
As soon as these words came out, the indignation of several people across the face, the translator hurriedly expressed their anger.
Obviously, Li Dong's words just now questioned whether they might make small moves during the roadshow subscription, and the underwriters could do some small actions.
Regarding their indignation, Li Dong even heard that, when their indignation was over, Li Dong said indifferently: "The ugly words are here first. I have not questioned your thoughts.
After all, the outbreak of Teng Xun's listing has brought greater benefits to you.
In short, let's take a look at the situation first ~ EbookFREE.me ~ The situation is good, everyone is in favor.
The situation is not good, so is not listed.
You are not only underwriters, but also shareholders of Teng Xun and Weibo. Once the listing plan is blocked, the losses will be even worse.
Now the debate over the issue of the interval is of little significance.
Even, in my opinion, 50 Hong Kong dollars is low.
Of course, these are all afterwords, I still hope that you can do your best, not to mention building the world's first IT market value enterprise, at least Asia first, it must be Teng Xun!
Don't think about too many things for the sake of a little bit of profit.
This time it was Teng Xun and Weibo. Next time, there will be a distant mall, and Wanhuanto ...
There are too many industries in the distance. It is not a one-off business. I still hope that you will not let me down. "
Li Dong said that there are still a lot of industries in this distance, which is considered to hit everyone's weakness.
Li Dong is right, the possibility of Wanhua cartoon being listed abroad is very low, but if the mall is far away, if it wants to be bigger, the possibility of going to the US is very high.
Today's Distant Mall, in terms of performance alone, has surpassed Amazon, which is definitely a legendary Internet company.
If they can successively underwrite the listing plans of these companies, it is also good news for them.
A few people looked at each other, and finally someone said in crappy Chinese: "Mr. Li, don't worry, we will not let you down!"
These companies really need to work hard, and Li Dong doesn't have to worry about the international placement at least.
Regarding the promise of the other party, Li Dong doesn't care whether it is true or not. Everything has to be seen after the roadshow's subscription.
There is too much talk now, and when the market responds in general, that is the big trouble.
ps: Just two more. The eyes have been blooming recently. I have been watching the computer for too long, so I take a break.