Chapter 1813 Hong Kong IPO
After the Makino Auto Group made its debut with the Makino Aurora, Makino Technology's listing of the IPO in Hong Kong has come to the final stage.
In view of the fact that Ele.me has not covered the whole country, the Muye Automobile Group has just been established, there is no way to accurately measure the market value, and neither Android nor Apple has come up with truly innovative things, so Li Mu is not going to pack these companies into Muye Technology. Instead, the two companies were first separated and listed in Hong Kong with the main body of Makino Technology.
At present, the valuation given by the underwriters is US$320 billion, which is already the highest valuation of IPOs in the world.
Although many companies have a market value of more than 500 billion US dollars at their peak, and some even exceed trillions of US dollars, this is only achieved after they have been listed for a period of time, even years or more than ten years later.
Many large companies were still in the teenage years of a company when they first started their IPO. They had potential, but their strength was not that strong, so when they went public, they often only got a market value of tens of billions of dollars in the IPO stage.
However, Makino Technology is different.
Muye Technology is no longer a teenager. He is now a super-large company with huge market coverage and extremely high income. Although it has not yet reached its peak, it can be regarded as a young adult.
Therefore, the valuation model of investing in children is no longer applicable to him.
It's like the transfer fee of a star, a genius at the age of seventeen or eighteen, the transfer fee is only a few million pounds, but this person may be worth ten times in five years, but it depends on time and hand. Witnessed at the arena.
The same is true for companies. When most companies first went public, their business hadn’t really taken off. They relied on the financing from the listed IPO and the rising market value to support the company’s rapid business growth.
However, Makino Technology has now passed.
Therefore, the IPO valuation of tens of billions of dollars, or even more than 300 billion dollars, can no longer satisfy Li Mu.
Because in Li Mu's view, the high global coverage and high payment rate of yy ecology is already a heaven-defying existence in this era, and this alone is worth 400 billion US dollars.
Any industry, once it covers the world, can get a **uff of x2, x3 or even x10.
The main revenue of Ali Baba is in the domestic market. Most of the profits of Taobao, Tmall, and Alibaba Cloud are in the domestic market, so it has achieved a market value of 400 to 500 billion US dollars.
Amazon covers almost all other places except China, and has a market value of nearly one trillion US dollars at the peak. If these two companies merge, it will be a global e-commerce business and a global enterprise cloud service platform, as long as it does not When it comes to anti-monopoly law, its market value is by no means as simple as four or five hundred billion plus one trillion, and it may exceed two trillion or even higher.
The faebook of later generations, like Amazon, failed to cover the Chinese market, but it also obtained a market value of US$5.6 trillion or even higher, while Tencent's main business was in China, and it also achieved a market value of US$4.5 trillion.
Together these two companies may not even have the same influence as the current Muye Technology, because the coverage of Muye Technology on a global scale is almost a monopoly.
After msn has completely cooled down,
Li Mu has never suppressed any instant messaging software products, because he knows that the general trend of the world has become a reality, and anyone who jumps out to compete with Muye Technology will only be in vain. Tired to death.
Therefore, in Li Mu's view, the current market value of Muye Technology of US$320 billion is still slightly low overall.
What's more, Makino Technology is also a shareholder of Google and Baidu, which together have a market value of tens of billions of dollars.
Moreover, Makino Imaging's recent "Flying Tigers" has indeed achieved box office results that shocked the world. Although a movie cannot explain that Makino Imaging can also be smooth sailing, it is at least a very strong supplement.
Therefore, Li Mu's ideal market value must at least exceed the line of 450 billion.
How much Makino's stock will skyrocket after going public is another matter.
In view of this, Li Mu and the brokerage representatives met again.
At the meeting, Li Mu put forward a request for an IPO valuation of US$450 billion.
The valuation is US$450 billion, and all shareholders will use 10% of the shares diluted in equal proportions to be used as issued shares. A total of 1 billion shares will be issued, and the stock price is US$45.
Of the US$45 billion raised, US$35 billion will be used to enhance various investments of Makino Technology at this stage, including research and development, marketing, cloud computing and new business attempts.
The remaining $10 billion will be cashed out by shareholders in equal proportions.
Everyone has been guarding Muye Technology for a long time, and it is time to get a lot of money.
If 10 billion US dollars are distributed, even a person with only one point share can get 100 million US dollars.
Of course, the price is 1% of his shares, which will be diluted by 0.1%, leaving 0.9% after dilution.
If it is an executive with only 0.1% of the shares, this time it is diluted by 0.01%, and it can also get 10 million US dollars.
This is the benefit of the boss.
If you follow the right boss, you can catch a wave of IPOs in two or three years, and you can achieve financial freedom with a few tenths of shares.
If you don't follow the boss, there are a lot of people who can't even afford a house after 20 or 30 years of hard work.
As for the remaining shares in the hands of shareholders, they will be locked up by the agreement, and they will not be allowed to reduce their holdings in the secondary market or pledge them in the primary market in the next two years.
That is to say, even after Muye Technology goes public, Li Mu still has more than 70% of his shares, but he can't sell these shares in the secondary market, can't buy and sell them, and can't make pledge loans in the primary market.
If major shareholders do not sell their shares, it will give investors more confidence.
If the major shareholders try their best to sell on the secondary market as soon as they go public, the stock price will inevitably collapse.
If the major shareholder has just been listed and pledged his shares to the brokerage and cashed out for his own enjoyment, the stock price will not be able to sustain.
A major shareholder is like a general defending a city. It is necessary to always give the generals of the army and the common people the belief that "people are in the city", so that everyone can fight against the enemy with the generals.
Several state-owned securities firms are somewhat apprehensive about the valuation of US$450 billion.
First, the price is too high;
Second, the risk is indeed quite large;
Third, I have never done such a large-scale IPO.
When Alibaba went public that year, the IPO scale of more than 200 billion was already a record. Now Muye Technology has directly opened up to 450 billion US dollars, and the tune is set too high.
If a brokerage wants to hold such a large-scale IPO, first of all, it must be able to help Muye Technology raise 45 billion US dollars of funds.
But Li Mu said to them: "Everyone, once you undertake the IPO of Muye Technology with a scale of 450 billion US dollars, I believe that a large number of customers will come to you to subscribe for the shares of Muye Technology. You think the scale of 45 billion US dollars is very large. But the market's reaction will surely make you realize that this is a very easy task."
The person in charge of the lead underwriter was a little embarrassed and said: "Mr. Li, I have been doing IPOs for several years. The fundraising scale of your company's IPOs is higher than the combined scale of the companies I have done in the past two years. You Can I not be nervous?"
Li Mu smiled and said, "That's a good thing. Finally, I have the opportunity to do something big. It's much better than doing IPOs for dozens of companies with a market value of several hundred million US dollars and two or three billion Hong Kong dollars every year."
After a pause, Li Mu said again: "To be honest, the bigger the IPO is, the bigger the company is, the more stable the performance after listing. Those small companies that rely on concepts and popularity, the stock price can skyrocket today. 50%, tomorrow may drop 90% in one day!"
"There are many companies that have made it clear that they are making money by listing, but there are still underwriters who will help them do IPOs. If you miss the big event of Muye Technology's IPO, maybe in the next 20 years, you will never be able to participate in such a big event again. project opportunity.”
The other party nodded lightly and said, "That's the truth, but this price is really too stressful for us..."
Li Mu said with a smile: "The goldberg family behind HSBC in the UK has been rushing to pick up the IPO of Muye Technology. I have withdrawn the IPO from the US stock market, but they are still reluctant to give up. The person in charge of their family is still in Yanjing. I have been living in the hotel for more than half a year. I want to see me, but I just can't see him. There are two reasons. First, what they did with the Wall Street gang made me a little sick; second , I deliberately hang him until the day I say what he accepts."
Speaking of this, Li Mu added: "By the way, this old man has always respected me, he even gave me a club in the Premier League, and I didn't plan to give him any meat from the Makino Technology ipo, so I temporarily He wants to give him a share of 10 billion US dollars from the IPO's 45 billion US dollars. If you think that you are a few brokers together, 35 billion is still a bit difficult, we still We can talk again, I believe that even if 45 billion is given to the Goldberg family, they will agree without hesitation."
After Li Mu finished speaking, he glanced at everyone, and said seriously: "However, I want to tell everyone the truth. Why did I withdraw Muye Technology from the US stock market? I just don't want these Wall Street bigwigs to enjoy this capital feast."
"So, I want to put it in Hong Kong, because Hong Kong is an inseparable part of China in any case, and the listing of Makino Technology in Hong Kong is considered to be fat and water that does not flow to outsiders."
"But if everyone thinks that this piece of meat is too big to be eaten, eaten or digested, then I can only put this piece of meat in Hong Kong, and then let the gang of Wall Street crocodiles eat it across the country."
"In that case, there will be no loss to Muye Technology. I will still sacrifice 10% of the shares to raise 45 billion US dollars of funds. The only difference is who will help me raise the money. However, for everyone here, This loss is huge. Once you let the market see that you are unable to swallow a large piece of meat, or even swallow a large piece of meat in front of your own door, then even companies that come to Hong Kong IPOs will not be able to. Looking for you as the lead underwriter, it is very likely that you will choose a securities company with a British background or a US background, and then everyone will be instantly passive!"