Chapter 254 Lujiao Coffee IPO

April 10th, the Great Magic City.

It was pouring rain again, constantly hitting the windows of the Grand Phantom.

There is a reason why this car can be sold for more than 10 million yuan. No matter how noisy it is outside, it is so quiet inside that it seems like nothing happened.

The most silent car in the world, it lives up to its reputation.

This may be the reason why he has so many cars, but he always likes to drive Da Lao the most.

Not only is the price high, it's domineering.

It's also really comfortable to sit in there.

The main reason why he came to Shanghai was because the foreign investigation team of Antler Coffee had been investigating for almost twenty days.

In another week, the results will be available.

If Tengying Group launches a brand listed on Nasdaq, it would be of extraordinary significance.

Chen Pingsheng drove slowly on the road.

The visibility was not very high on a heavy rainy day. By chance, he saw an old lady crossing the road. She acted like a movie star and even leaned against a police car with flashers on.

Although these days, touching porcelain has become a way for many elderly people to make money, but this kind of thing is to touch police cars directly.

This was the first time he saw it.

To be honest, he seriously doubted that the old man's motive was that he wanted to have free meals and accommodation.

Otherwise, he wouldn't have hit the police car directly.

The world is so big and full of wonders.

The financing and listing of Antler Coffee is still very critical to him.

After he arrived at the group, the secretary Zhang Wanyi, who was small and big-breasted, immediately sent two documents that needed his signature.

He invested RMB 100 million in Snack Run, and about 50 stores will be opened in Shanghai in May.

Zhao Mingyu applied to the group for Zhao Liying to serve as the spokesperson of Snack Run.

Chen Pingsheng signed his own three characters.

By the way, he called Zhao Liying and asked her to be the spokesperson. At the same time, he also paid 20 million to get 15% of the shares.

Zhao Liying agreed without hesitation.

This is also the main reason why Tengying Entertainment can quickly attract those first-line stars to join.

The traditional business sector is still particularly reliable.

The second document is the first batch of pollution-free vegetables farmed by Tennong Fresh, which were officially transported to Shanghai via long-distance refrigerated trucks for sale in Shanghai.

It also has detailed bids and sales prices.

There are dedicated people to handle these things, and signing documents only lets him know the progress of each project.

After everything was signed, Chen Pingsheng looked at the big-breasted Zhang Wanyi and asked, "You don't have a car in Shanghai yet, right?"

"No, I'm still saving money to buy it."

Zhang Wanyi is still a top student in school, and her appearance is also very delicate. If she wears glasses, she would look like a teacher.

Especially when she wears a white shirt and a hip skirt.

"I also have an Aston Martin over there that has never been driven. You can take it and drive it first."

As his secretary, it is very inconvenient not to have a car.

Bai Xin is mainly in the capital now, while Zhang Wanyi stays in the Magic City.

There is also Xu Jing, who is planning to be transferred to Guangdong or even the Xiangjiang headquarters.

Zhang Wanyi was quite surprised. Bai Xin had long said that as long as she could become the boss's secretary, financial freedom would basically only take one or two years.

Now I am free without traveling, and it is still a very handsome Aston Martin.

It's not a big deal to borrow a car to go out, even if it's just a car for the secretary to drive.

Chen Pingsheng asked her to call Chu Qiuyan and Qin Xue over.

The investigation of Antler Coffee is coming to an end, and this outcome is beyond their control.

All that can be done now is to develop Antler Coffee better.

Chu Qiuyan said: "Antlers Coffee launched a milk coffee series at the end of February. According to the March financial report statistics, it has achieved financial breakeven."

The so-called breakeven actually means neither making money nor losing money.

In the past, Antler Coffee's main product was its signature coffee priced at 9 yuan, and the unit price was always difficult to raise.

It seems that in customers' inherent impression, Antler Coffee only sells for ninety-nine yuan.

Well now, after the milk coffee came out, the average unit price has been raised to about 15 yuan.

As the cost of opening a store further drops, it is only a matter of time before Lujiao Coffee becomes profitable.

This is good news.

In addition, didn’t I raise another 500 million yuan last month to open an office store?

The cost of opening a store is controlled at around 200,000 yuan. Without the high rent, it is expected that the cost can be recovered within eight months.

A series of good news also made Chen Pingsheng confident about Antler Coffee's path to Nasdaq listing.

We talked about other things later, and the days flew by, and it was mid-April in the blink of an eye.

Gao Hu brought Xiao Chunran to Beijing, and Chang Fu also returned to Beijing from Shanghai to report on the development of Xin Teng's live broadcast.

At the same time, there are also group brands scattered in various places.

They all come to Beijing to report on their work.

It was Xiao Chunran's first time in Beijing and he was curious about everything. The most important thing was to come and see the group headquarters here.

That's where Lao Chen works.

It's an exaggeration. It's a very large office building with the four characters "Tengying Group" hanging on it.

Magnificent.

In addition to the stock price still falling, the group's progress this month has been extremely smooth.

On the 18th, the foreign investigation team will conclude its one-month comprehensive analysis and investigation of Antler Coffee.

Tong Zelan also came to his side and set off abroad with the foreign investigation team.

The good news is that the survey team gave Lujiao Coffee a very good rating, and various indicators show that it is a rising coffee brand in Central China.

It will seriously threaten Starbucks' sales in China in the future.

The investigation team gave Lujiao Coffee a credit rating of AA+.

High credit rating.

The reason why it can reach the double A+ level is that Lujiao Coffee has no operating debt.

Second, Tenghui Capital, which invested in it, does not have any corporate loans.

Third, a series of affiliated companies associated with it have no corporate loans.

Clean, which greatly improves its credit rating.

You should know that many domestic companies want to be listed on the US stock market. The first thing they can't pass is the almost strict credit rating abroad.

Once a company has too many loans and a high debt ratio, it can be said that it is very difficult to go public abroad.

You should know that the US stock market is one of the countries with the most developed credit rating market in the world, and its regulatory system is also the most complete.

Once the corporate rating standard is double A+, it means high reliability.

The credit rating has passed, which undoubtedly makes everyone feel relieved.

The double A+ rating is also destined to make Lujiao Coffee's IPO road to overseas listing much smoother.

There is good news, and there is naturally bad news.

Because Lujiao Coffee has not yet achieved real profitability, it only shows the future development prospects of a unicorn company.

The investigation team gave Lujiao Coffee a valuation of 18 billion.

It is 2 billion lower than the 20 billion expected by Tong Zelan, not to mention the 30 billion threshold.

Of course, you can also run IPO financing at a different valuation, but the price is that it will be more difficult to get the money.

Once the double A+ credit and 18 billion are raised according to the foreign investigation team.

It is expected that the IPO will be completed in a week.

The main reason is that the foreign capital market recognizes their own investigation report.

He may not trust what you said.

Tong Zelan urgently called Chen Pingsheng, and the 18 billion valuation was obviously lower than their own expectations.

Asked him whether to slow down the IPO of Lujiao Coffee.

Chen Pingsheng felt that it was unnecessary. The overall decline in Tencent's stock price made him eager to get a large sum of money to repurchase shares.

The most important thing now is that Lujiao Coffee can successfully get the IPO money.

The 18 billion valuation was the data given by the foreign investigation team after a month.

Tong Zelan's IPO with this valuation was naturally very smooth.

Only five days later, five major foreign investment institutions agreed to invest in Lujiao Coffee.

And this time, it also means that Chen Pingsheng can get an unprecedented super fund.

April 25th of the Chinese calendar.

A financial news released abroad shocked the domestic beverage industry.

Lujiao Coffee, which was founded less than a year ago, officially landed on Nasdaq.

With a valuation of 18 billion, it completed IPO financing of 10.8 billion.

This also became the fastest super-large unicorn company in China to complete Nasdaq IPO financing.

As soon as the news came out, it shocked the domestic financial community.

Whether it was Toutiao Finance or Morning Post Finance, they reported this young company that completed Nasdaq IPO financing at an epic speed.

Looking at the establishment of Lujiao Coffee, you know that this is a company destined to enjoy the attention of countless people.

After all, before its store opened, it spent 200 million to hold an unprecedented concert of four superstars on the same stage in Beijing.

It also sponsored the trainee competition and had half of the connections in the entertainment industry to advertise and bring traffic for it.

It is not surprising that such a brilliant brand completed its IPO in one year.

After all, from the beginning, it was an enterprise supported by big capital.

The listing of Lujiao Coffee not only gave a shot of confidence to Tengying Group, but also added a strong touch to this era.

It is not about how high its valuation is, but its IPO financing speed has reached an epic level.

It can be said that the listing experience of Lujiao Coffee has definitely become an indispensable financial treasure in China.

Of course, all this is not as happy as Chen Pingsheng counting money silently at home.

With 10.8 billion in financing, he will personally dilute 60% of his shares.

About 30%.

Facts have proved that his decision to complete most of the investment in Lujiao Coffee by himself in the early stage was obviously very correct.

Now that he can cash out, the benefits are also amazing.

With a valuation of 18 billion, he cashed out 30% of the shares.

That is 5.4 billion.

Remove his personal investment of 1.8 billion in the early stage.

"Ding, congratulations to the host for accumulating 3.6 billion in income today. Would you like to open the random multiplier?"

It would be a lie to say that he was not excited.

Chen Ping had never accumulated such a huge amount of funds in his life.

After silently reciting the opening, the golden dice emerged and shook non-stop.

This is a big deal with billions of dollars in a jump.

How could you say that you are not excited?

I can only say that even if you fall asleep half a night, you can wake up with a smile.