Chapter 846 Sina goes public
“How was it?”
Xu Liang suddenly realized that he had almost forgotten about it.
“We had almost reached an agreement with Wu Changjiang.
But when the contract was signed, NVC Lighting’s suppliers and distributors joined forces to put pressure on the company and kept asking, Wu Changjiang must be appointed as the general manager of NVC Lighting
And asked Du Gang and Hu Yonghong to be eliminated.
So the two of them are now in a panic and hope to sell off their shares in NVC Lighting as soon as possible. They have currently sent invitation letters to all institutions that had previously been interested in investing in NVC Lighting.
Hope to sell their 55% stake in NVC Lighting for 300 million Chinese coins.
But the price is a bit high. At present, except for us and JP Morgan, other institutions have withdrawn. "
"I didn't expect Wu Changjiang to be so popular. "Xu Liang smiled.
"Mr. Xu, do we want to continue?"
"Continue. I will let Hongyan connect with you, Hongyan will take this part of the equity, and then you will invest a sum of money on behalf of Hanhua. Dilute Wu Changjiang's equity."
"Understood."
"Also, after acquiring the majority shares of NVC Lighting, the management can be handed over to Wu Changjiang, but the company's financial and Personnel must be our people."
"Yes."
After hanging up the phone, Xu Liang called Xia Changsheng again and explained the matter about NVC Lighting.
"Arrange NVC Lighting to be listed next year."
He has no intention of holding this company forever.
If you hold it for three or four years and the potential is exhausted, sell it.
Looking at Lu Hui who was still standing aside.
"Is there anything else?"
"On the plane at two o'clock this afternoon, Mr. Xie Wen, Mr. Xie, and Mr. Wang from Sina will arrive in Xiangjiang. When do you think we will arrange to meet?"
Xu Liang suddenly realized.
After several postponements, Sina’s re-listing is finally on schedule.
"Let's make some arrangements tonight. I'll treat them to a casual dinner."
"Okay."
"By the way, do you have Sina's listing prospectus with you?"
"I left it in your office in Xiangjiang."
" Let’s go back and watch.”
“Okay.”
After having dinner with the senior management of Pengcheng office at noon, Xu Liang didn't say much and left in the afternoon.
When it comes to management matters, he believes that the company's senior officials, including Jiang Xiaoyang, have no intention of dictating anything.
I don’t have that time either.
With so many companies under his control, if he does not focus on the big ones and let go of the small ones, and fully delegate power, even if he is full of energy, he will be exhausted.
……
"We're here."
Looking at the brightly lit Peninsula Hotel outside, Xie Wen reminded.
Wang Zhidong nodded, with a bit of anxiety in his expression.
“Why, are you still worried about going public?”
The two have worked together for many years, and Wang Zhidong did not mince words.
"Listing is a big test of fate for a company. As the CEO of Sina, how can I not be nervous, especially since the listing process has been full of twists and turns, postponed several times, and I don't know what kind of valuation the capital market will give us?"
Xie Wen smiled and patted his shoulder.
“Judging from the results of the road show, Sina has been subscribed 42 times, which shows that the capital market is still very optimistic about Sina.”
Wang Zhidong also had a smile on his face.
While chatting, the car also arrived at the place.
The two came down and entered the hotel with their bodyguards and secretaries.
Lu Hui, who had been waiting here for a long time, stepped forward to greet him.
“Mr. .
"Mr. Xu."
"Haha, I finally waited for you. Sit down quickly."
Xu Liang stood up and greeted the group of people to sit down.
“I went to Penguin a few days ago and was invited to have a meal of Cantonese food, which tasted very good.
I also ordered a table for you today.
Come, have a taste. "
Looking at the sumptuous dinner on the table, Xie Wen picked up his chopsticks.
"Mr. Xu, I happen to be hungry too, so I won't be polite to you. ”
“Eat whatever you want, if it’s not enough I’ll add more.” "Glancing at Wang Zhidong, Xu Liang asked with a smile, "Old Wang, it's almost on the market, why are the eggplants still so dull with frost? "
"He has no idea. "Xie Wen smiled.
Wang Zhidong smiled bitterly, "Mr. Xu, Sina's development this year is not as good as last year, so I feel uneasy."
"Why not as good as last year?
Sina's total revenue in the first quarter was 1.18 billion Huaxia coins, net The profit exceeded 286 million Huaxia coins, an increase of 48.7% over the same period last year. Sina's development is considered excellent worldwide.
What do you have to worry about?"
" Mainly Monternet, after the signing of the new sharing agreement, the wireless value-added business revenue suddenly dropped by 35%.
It has almost wiped out all the development results of Autohome and SouFun this year.
My negotiations with investment institutions in the past six months have been almost all in vain. "
Wang Zhidong sighed.
At the end of last year, when he was discussing listing conditions with Goldman Sachs and Morgan Stanley, the other parties gave a valuation multiple of 35 times net profit.
< br>But he feels that Autohome and SouFun are developing very fast, so they should be higher
As a result, we negotiated for nearly half a year, and the listing was postponed several times.
The mobile backstab made all his negotiation results in vain.
“There is no guarantee of success in doing anything?
It is already very good to get 10% progress after 100% effort. And this time Goldman Sachs and Morgan Stanley gave Sina The net profit valuation multiple of 40 times is much improved than before, which is good.
With so many listed companies, how many are higher than Sina?
You can count them in one slap. "Xu Liang smiled.
Although Sina's wireless value-added business revenue has declined, its sub-businesses have great potential.
From the financial report, Sina's business development is still very good.< br>
Autohome is currently the largest automotive vertical website in China.
SouFun is also the largest real estate website.
The two sub-websites jointly contributed 39% of Sina’s revenue.
The key is that the development potential is huge.
Coupled with Sina Sports, Tieba, Sina Game Hall, mailboxes and blogs, as well as the rapidly developing Weibo business, Sina's user stickiness has been enhanced, and the revenue system has become more diversified.
In terms of market, Sina is currently the largest portal website in China and Southeast Asia, and the largest vertical website in the automotive and real estate categories.
The largest gaming portal.
Tieba is also the largest forum in East Asia and Southeast Asia.
It has 190 million registered users and 450 million daily active users.
All this forms the basis for Sina to obtain a high valuation of 40 times.
Of course, the blessings of Hongmeng and Xu Liang are also indispensable.
Big companies and successful people can always bring more attention to the company.
"Mr. Xu, Yahoo plans to sell Yahoo China to Alibaba. Do you know about this?" Wang Zhidong said.
“Why, are you still afraid of Yahoo China?”
“That’s not the case. Yahoo China has a lot of users, and several sub-websites have also been developed with unique characteristics. Should we acquire them? "
"I'm afraid that if you want to buy it, Lao Yang won't sell it," Xu Liang said with a smile.
"Because of Alibaba?"
Xu Liang nodded, "Yang Zhiyuan is a smart man. Unless we are willing to exchange Sina's equity, he would still prefer to sell Yahoo China to Alibaba.
< br>After all, Yahoo is not short of hundreds of millions of dollars, and he is more willing to invest in the future than money.
But you can get in touch and find out."
Wang Zhidong nodded.
"Lao Xie, how are you talking about Yihaodian's listing?"
"Negotiations have begun, and the prospectus is expected to be available next month.
If there is no problem , the road show will start in July, and it will be officially launched in Xiangjiang on October 1." Xie Wendao.
“Send me a copy of the prospectus when it’s finalized.”
“Okay.”
……
Duang…….
The loud gongs resounded throughout the hall of the Hong Kong Stock Exchange.
Wang Zhidong, who looked excited, led Sina's management and beat the gong vigorously.
Xu Liang stood in the audience and did not go up to steal the limelight of this old subordinate.
Sina re-listed with a total share capital of 1 billion shares and issued 150 million new shares, of which 80 million shares were cashed out by investment institutions and Sina management's old shares, and the remaining 70 million shares were actually new shares issued to the market.
According to the results agreed between Sina, Morgan Stanley and Merrill Lynch.
Sina’s issue price per share is HK$48.
Based on Sina’s revenue and net profit, this price is undoubtedly a bit high.
But now Internet companies are becoming popular, and there is a big boss like Xu Liang standing behind Sina.
Sina's stock price soared as soon as the market opened.
The price that day exceeded 60 Hong Kong dollars.
Wang Zhidong and others breathed a sigh of relief. Although there was no big explosion, it was still an explosion.
Sina’s equity has also changed since its listing.
Hongmeng Corporation’s shareholding dropped from 64.46% to 57.55%;
Goldman Sachs, Morgan Stanley, and Citigroup's shareholdings dropped to 2.3%, and SoftBank's shareholdings dropped to 1.5%.
The shareholdings of HSBC, Deutsche, Waterfall Investments, Li Jiacheng Foundation, Abu Dhabi Investment Authority, Merrill Lynch, etc. Only 0.7% remains.
In addition to major institutions, Sina's listing created 15 billionaires, 7 of whom have a net worth of more than 1 billion Huaxia coins;
57 multi-millionaires and 215 millionaires .
This is the largest wealth-making feast in China from 2005 to now!
Not surprisingly, it once again detonated domestic public opinion.
It has also once again aroused public attention to Internet companies.
As the boss behind Sina, Xu Liang naturally attracted round after round of attention.
In just three days, Sina's market value exceeded HK$70.
Although Sina's skyrocketing stock price has slowed down since the fourth day, its market value of more than 70 billion Hong Kong dollars still allows Sina to surpass Internet Technology and become Hongmeng's company with the highest market value so far.
...
"Brother, people outside are now questioning whether Forbes can lower your wealth."
Xu Meng handed over a copy of "Qilu Evening News".
Xu Liang took a look.
Forbes’ list of the world’s richest people is being questioned?
The title was eye-catching, but he had no interest in reading it.
This argument has become more common since Sina went public.
No wonder they are like this.
Tingyi’s market value exceeds HK$180 billion, New Dream’s market value exceeds HK$60 billion, Netcom’s share price exceeds HK$65 billion, and Sina’s latest market value is HK$77.9 billion.
The shares belonging to Xu Liang in the first two are about 80%, and the shares in the latter two are about 60%.
With just these four assets, Xu Liang's wealth is US$35.7 billion.
But the real main businesses of the huge Hongmeng Group are Bing, Yihaodian and Universal Pictures.
Not to mention Hanhua, an increasingly large financial giant.
So no matter how you calculate it, Xu Liang’s wealth is more than the US$44 billion.
(End of this chapter)