Chapter 1543: IT overlord

Longhua wants IP, Weibo prepares IP, Teng Xun prepares to resume trading.
In the first five years, none of Li Dong ’s industries was listed, or even the idea of ​​listing.
At the end of five years, it is finally time to harvest.
Although Longhua is not a distant industry, Li Dong currently holds 20% of the shares. This ratio is definitely not low.
Just when Li Dong took a vacation, he also made some fine adjustments in the distance.
Teng Xun's Weibo industry, including some technology patents, was spent with Li Dong's 2 billion cash. These industries, Teng Xun Weibo is bound to be incorporated into the remote Weibo system. Share with Weibo.
The 10% shares in the mall were not actually considered financing, and Li Dong sold the shares personally.
So this money does not need to be shared with others.
This time it was merged into Weibo, and Weibo's equity also made some small changes. According to the method of increasing capital and expanding shares, Weibo issued an additional 20 million shares.
The original Weibo share capital of 300 million shares is now expanded to 320 million shares.
And Li Dong personally, the share capital held from 140 million shares, this time also expanded to 120 million shares.
The other 4 million shares, on the eve of the ip, were once again used as rewards and chosen to be distributed to employees.
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, and 4 million shares are used as rewards, which can be accepted by major institutions.
So far, Li Dong's personal shareholding ratio has expanded from 34.67% to 37.5%.
The senior management of Weibo and distant places have changed their share capital from the original 10 million shares to the current 14 million, with the proportion rising to 4.375%.
On the far side, Li Dong and senior management hold a total of nearly 42% of the shares.
In fact, according to the valuation after the round of financing, Weibo is priced at US $ 25 per share and 20 million shares, or US $ 500 million.
The 4 million shares rewarded are not counted. The 16 million shares added by Li Dong have reached a value of 400 million US dollars, which is much more than the value of Teng Xun Weibo.
Although Teng Xun's Weibo was exchanged with Li Dong for 2 billion yuan, he actually added many technologies and patents.
However, the technology and patents exchanged by Teng Xun from afar are also shared with Weibo.
And on the eve of Weibo's upcoming IP, major shareholders and managers also have the right and obligation to adjust some equity structures.
Li Dong did not choose to repurchase the share capital in the hands of other institutions, but chose to increase the capital and expand the shares. A little difference in value is still acceptable to everyone.
Moreover, the single list of Teng Xun's Weibo may not be of high value.
Ke Teng Xun Weibo also has a group of loyal fans, including some technical research and development, and also has a complementary role with distant Weibo.
At this time, the value slightly rose, as long as it was not too much, some capital institutions have chosen the default.
The total value of Weibo after the capital increase has also exceeded 8 billion US dollars, in fact not counting the expansion after the last round.
At this time, before Weibo ip, the final shareholding structure was completely settled.
The total share capital is 320 million shares, Li Dong holds 120 million shares, Yuan and Weibo management and employees hold 14 million shares, state-owned financial institutions hold 39 million shares, Baidu holds 10 million shares, and other such as These private funds of Victoria Harbour Fund or other domestic small and medium-sized investment institutions account for a total of 7 million shares.
In other words, Yuan and Guozi Investors, including domestic capital, accounted for a total of 190 million shares.
And IDG, Sequoia, Goldman Sachs, Small and Big Mo ... These foreign-funded institutions together account for a total of 130 million shares.
...
Just when Longhua officially started running for ip, the remote side also started running for Weibo.
Compared with Teng Xun, Teng Xun only resumes trading, and still resumes trading in Hong Kong stocks. In fact, the process is much simpler.
This is also the reason why many companies choose to backdoor listing. The key lies in the time period, the process is not complicated, and approval is easy.
Weibo has introduced too many foreign institutions, and Weibo is a global social platform. If it is still listed in China, it will not be in the interest of some countries.
Based on this, Weibo initially decided to go public on the Nasdaq.
In fact, if it is not a victory over Teng Xun, and Teng Xun's shell is perfect, maybe pp goes public and will choose to go to Nasdaq.
Of course, with the foundation of Teng Xun here, it is a pity that Teng Xun gave up this shell.
Coupled with the pp instant messaging software, it is still popular in China, and it has been occupied by sn giants abroad. In fact, the instant messaging system is still based on China.
pp is listed on Hong Kong stocks, but this has not been met by too many people. If Weibo also chooses Hong Kong stocks, there will definitely be many people who object.
What's more, the Hong Kong stock market is not big after all, it is almost the same to feed Teng Xun, and it is not difficult to cultivate the second Weibo with a market value of tens of billions of dollars.
Nasdaq will bring greater benefits to people.
...
distance.
Li Dong has really stopped coming to the company these days. His marriage is near, and there is no time to decorate his new house. These days, he is accompanying Shen Qian around.
Before the great changes happened in the distance, Yuan Chengdao and these people did not want to find Li Dong.
At this time, Li Dong called when something happened, but proved their incompetence.
Not long ago, the board of directors just made adjustments, and the rights of several executive directors of Yuan Chengdao increased greatly. At this time, it was the time to consolidate authority, and Li Dong was not the best.
In fact, Li Dong set the pattern of the board of directors the day before he left the company. Perhaps it is precisely taking these into account that he would give them space to deliberately.
...
In the meeting room.
Yuan Chengdao held the first formal board meeting of Li Dong's absence from the company.
This time, Sun Tao and Wang Yue did not return, but Liu Hong hurried back.
Wang Wei, e0 of Weibo, also attended the board of directors.
This time, the issue of Weibo listing was discussed.
Wang Xin reported with documents: "In May and June, during these two months, we will make final preparations, including the integration and digestion of 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 companies have been identified, including Big and Small, Goldman Sachs, Citi, Credit Suisse and Deutsche Bank.
In July, when the SE application was approved, we announced detailed data.
If all goes well, around September, we have the hope of listing and trading.
Of course, the premise is that everything goes smoothly, including the adoption of the plan.
In fact, the efficiency may be a little slower, but this time the selected underwriters are world-renowned financial giants. With their help, the efficiency will be much faster.
This time we plan to issue 80 million American Depositary Shares. Several underwriters have given us a rough price range.
According to the value of 400 million shares of the total share capital, including the valuation after the round of financing, and our revenue, the range given by several companies is not large, from $ 35 to $ 40 per share.
If it can reach US $ 40 per share, the listing plan will raise US $ 3.2 billion.
In addition, we also granted over-subscription rights to 20 million American depositary shares of several major underwriters. If the market conditions are good, these over-subscription rights should be used passively.
In addition, for this commission, the current ratio of 1.5% financing amount, plus other expenses, is about 50 million US dollars in total ... "
Wang Xin said this, Yuan Chengdao frowned: "1.5% is higher, and we also gave the other party 20 million shares of oversubscription rights, which is more!
We only plan to issue 80 million shares in total, giving the other party so much over-subscription rights, and Mr. Li alone cannot pass it.
Up to 10 million shares, also use the commission, 50 million US dollars, grab money!
In fact, it was not necessary for us to find so many if it had not been the agreement between Mr. and Mrs. Li and Mr. Li.
And according to the current real market, the popularity of Weibo, and their pricing range, the highest price is 40 US dollars, the difficulty of issuance is not too great.
This time the cost of ip is up to 40 million US dollars, this is the limit, you will talk about it later.
In addition, for each shareholder, we should not add too much capital to the shot. If we include oversubscription, the new capital will reach 90 million shares.
If the total share capital is 410 million shares, Mr. Li's shares will be diluted to below 30%, which does not meet Mr. Li's expectations.
In terms of major shareholders, at least 10 million shares must be put out, 70 million shares will be added, and 400 million shares will be added. Mr. Li can only maintain a 30% share ratio after listing.
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, you will make a detailed plan for me.
In addition, the highest price in the issuance range is only $ 40, which is actually not in line with Weibo's current status.
However, the specific issue price depends on the situation. You will know the situation when you wait for the road show.
If the oversubscription meets expectations, make adjustments temporarily.
In addition, this listing is a global placement. When the SE audit is approved, the time and location of the road show will be arranged. Then I will ask Mr. Li to see his time schedule. "
Weibo Roadshow, Li Dong can't do it.
With Li Dong in, that is the biggest cost.
Li Dong didn't go, and no one else went to the road show, and he couldn't meet that expectation.
400 million share capital, financing 3.2 billion US dollars, the market value of the issue price is as high as 16 billion US dollars, which is also the largest IP financing of 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, which is not as high as Weibo.
Of course, the time is not the same. It is now in 2009, and we have to consider the factors of inflation.
In addition, Weibo has a large share capital this time. Although the over-allotment option is only 80 million shares, it can occupy 20% of the total share capital. The share is not low.
However, it has not been listed for the time being, and I don't know what the specific situation is. If the market is good in the later period, Weibo's share capital will definitely be split.
Splitting five and ten is normal. After all, 80 million shares of circulating capital are still too small, which is not conducive to retail admission.
Several people said at the end, Yuan Chengdao suddenly said: "At that time, when Baidu went public, the closing price rose by as much as 350% on that day, and even once rose by 450% during the peak of the intraday period!
The issue price is $ 27, and it closes above $ 122!
Talking about fame, reputation, and influence, Weibo is no worse than Baidu, and even more internationally renowned.
Of course, our basic market is also large, so the increase may not be so high, but a 100% increase is necessary!
This point depends on how well the preparatory preparations and propaganda are done.
Once it reaches 100% and closes at $ 80 per share, everyone should know what it means.
It means that the market value of Weibo is more than 30 billion US dollars, and all the people present, including me, hold about 500,000 shares of Weibo in their hands.
If we meet our expectations, the value of the microblog stock we hold alone exceeds 40 million US dollars.
In addition, there is Teng Xun, who will also go high and go high!
This year is not only a harvest year in the distance, but also our harvest year.
Whether it is for the group or for yourself, I hope you can put in 1000% of your efforts!
Perhaps as President Li said, there will be countless billionaires and even billionaires in the distance this year. This is very likely. "
If Weibo can reach a market value of 30 billion US dollars, and these people do not cash out in advance, Weibo alone can bring them hundreds of millions of yuan in revenue.
Not to mention, there is still a round of reward schemes yet to be released.
In 2009, it was also the year when the senior executives in the distance harvested, and the executives who could sustain this year would almost make a fortune.
When saying this, many people couldn't help but think of a few people.
Qin Hai, Zhou Haidong!
Both of these were members of the board of directors. When Weibo allotted shares, these board members accounted for half of the allotment.
With 10 million shares allotted shares, each of them almost got 500,000 shares.
The remaining 5 million shares only went down in turn, and finally reached the hands of employees, in fact very few.
And at the beginning of 2009, the two left one after another, and Weibo's equity was turned over to the company.
If you do n’t leave at that time, after the round of financing, in fact, the members of the board of directors will almost reach the level of billionaires.
In just six months, at this moment, many people still have some pity in their hearts.
It's a pity that no one said anything, and now the share of the two people's surrender is almost all allocated. If you say these things again, you will offend people.
Kong Xiangyu of the logistics group and the newly appointed Liu Hongmei, these people are all vested interests. Now that they are sorry for Qin Hai, wouldn't it offend these current real power bosses.
...
On May 23, Yuanfang announced its plan to go public in the US, and Yuanfang began to prepare for the Weibo ip road.
For a time, there was a lot of discussion on the Internet and in reality again.
Although Distant just announced the plan, he didn't even submit the ip application, but many people understand that the difficulty is not right.
Far away is different from Ali in the previous life. The path of listing in the previous life is tortuous. That is because Ma Yunnong ’s partner system has not been reviewed several times, which is so troublesome.
Without getting 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 its shares, and it is not the overall listing of Yuanfang Technology, but a separate listing of Weibo. The auditing of reports and the like will be much simpler.
As long as there are no major issues on Weibo, listing issues are not significant.
Far away did not announce something like the approximate value, but there are still some news on the Internet, Weibo's issue price should be positioned at around $ 40.
The market value of the newly listed market is just above the market value of $ 20 billion.
Among the domestic Internet companies, Teng Xun has now collapsed, Ali is out of the market, and Baidu is the most respected among other giants.
Baidu once fell 20 billion US dollars in market value last year, and even fell in the direction of 10 billion US 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 about $ 240, and the market value is also approaching the $ 25 billion mark. UU reading www.uukanshu. com
In other words, once the remote Weibo is listed, the opening is good, and it is likely to surpass Baidu and become the company with the largest market value of China Internet!
As for whether Weibo is faster or Teng Xun is faster, it is hard to say for the time being.
No matter who is fast, Teng Xun and Weibo are likely to surpass Baidu, become the Internet company with the largest market value, and even occupy the first and second thrones.
When the people who eat melon saw this scene, many people said with emotion: "Unexpectedly, I never expected that, in the end, the brother of the gun actually became a brother of the it industry.
The first two years were the pattern of South Malaysia and North Li. In 2007, Ali emerged as a new army and became two horses and one Lee.
It ’s good now. One of the two horses is dead, and the remaining one is not easy to say. In the future, it may be the pattern of the two north and south. "
"Return to North and South Li? With Brother Pao, Bei Li's name can be removed.
Brother Cannon spent three years, killing all it giants, who competes with it! "
"This is also true. You said that if Brother Cannon is not just the Internet industry, will it be worth hundreds of billions of dollars?"
"Brother Pao is so much money now that it's really just numbers. Let's not care how much money he has. The key is that the senior executives and employees in the distance must get rich!
I'm sorry to die now, let me go in the distance two years ago, I didn't go.
I can't go now if I want to go, otherwise, I have gone two years ago, I don't have to be a billionaire now. "
When this word came out, many people bowed their heads, and then someone asked what the other party was doing and whether it was a big cow.
As a result, it took a long time to find out that the other party was hired by the cafeteria chef, and suddenly booed.
Booing booing, Li Dong three years later, Dingding it overlord status, but it has been recognized by everyone.
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