Reinventing the Millennium.

Chapter 430
New York, San Francisco, Los Angeles, Chicago, Boston, Washington.

The number of Yike’s roadshows in the United States has increased due to the success of the first stop in New York. The city is characterized by strong financial strength. At the same time, there are old four companies to help guide the way at each stop. No challenge.

This is not what Fang Zhuo imagined.

Moreover, the media within the sphere of influence of Goldman Sachs also began to build momentum for the listing of Yike.

Yike is different from some domestic companies. Because it has the same business as Apple, a listed company, it is easy to be understood and accepted by investors. In addition, the management performance created in the road show, each city The response has been quite good.

Institutions of different sizes and a certain number of investors eventually made Fang Zhuo's stock subscriptions over 8 times when he returned to New York.

That is to say, the lower limit of the offer price range of the cumulative bidding and inquiry has been broken.

Yike plans to issue 8% of the total share capital in this IPO, about 2250 million shares. Goldman Sachs has comprehensively judged various factors and set an offering price range of US$19-23.

If the subscription ratio of the roadshow is less than 5 times, the issue price will be US$19, which is the lower limit of the inquiry price.

The current response is good. The latest suggestion from Goldman Sachs is that it can be slightly increased, and it can be set at around US$25.

Goldman Sachs' initial offering price was US$19-23, and Yike's valuation ranged from US$53.4 billion to US$64.7 billion. According to the latest proposal, Yike's valuation came to US$70.3 billion.

For comparison, Apple's market capitalization at this time was $230 billion.

After a wave of roadshows, Yike raised its value expectations considerably.

Originally, Goldman Sachs' range of 19-23 US dollars was tacitly given a relatively high range, because the highest market value of Huaxia Corporation on Nasdaq was the 2 billion US dollars hit by Netease this year with "Journey to the West 33", but it The stock price immediately fell back from the price of 70+ US dollars.

At present, NetEase's stock price is slightly ahead of Sina at $57, which is still stable at around $51.

It is worth mentioning that the market value of NetEase was only 2000 million US dollars when it was suspended the year before last, and it once rose to more than 30 billion this year.

The strong performance of this group from the Huaxia Portal has refreshed many people's impressions of Eastern companies. Now, Yike's listing has also become a relay, but it is even more dazzling.

Because, although Yike's IPO price range is not high, with a total share capital of 2.8125 million shares, its initial valuation has surpassed NetEase and Sina at this time.

Once Yike goes public, it will be the first share of a mainland Chinese company in the United States.

China noticed that Yike had gone through the silent period of listing, and the 2003 Forbes Rich List, which had already drawn up the list, abruptly stopped. Although they still couldn’t know the situation of Yike’s roadshow, out of intuition and vague estimates, they believed that Netease Ding Lei, who has made rapid progress and is temporarily ranked first in the mainland, is likely to be in an unstable position.

The NetEase stock in 03 was too dazzling, and Ding Lei held nearly 50% of the shares. Therefore, Forbes believes that Fang Zhuo should rank second in China in terms of comprehensive other assets when Sina's shareholding ratio and stock price are lagging behind.

If Keyike goes public...

The exchange of information at home and abroad is not timely, and Yike's core business is abroad. It is difficult for Hurun to preside over the rich rankings in China and it is difficult to correctly evaluate the value of Yike. We just plan to wait for the results to come out.

On December 12, Fang Zhuo returned to New York and accepted a group of media interviews arranged by Goldman Sachs, including the Wall Street Journal.

"Eco has broad prospects in the world, and I think the next ten years will be the era of consumer electronics."

"Eco and Apple are engaged in healthy competition, and there may not be opportunities for cooperation in the future."

"Eco and Sony are both competing and cooperating, and Sony Music is our shareholder. I believe that the two can join hands to enter a new era."

"Personally, I don't have too many expectations for going public. As the president of the company, all I have to do is to do a good job in the product and market quietly. Capital matters are not in my consideration."

"Obviously, from a global point of view, Yike has already led the mp3 music player market, and my goal for next year is to increase sales by three times."

Fang Zhuo talked eloquently to the reporters.

Young and handsome appearance, well-matched clothes, fluent spoken language, global analysis, and confident outlook, all these are easily included in media reports.

By the way, Goldman Sachs also helped to provide the material of Mr. Fang's judgment on Sony two years ago. This is not only content that people in Japan, Singapore, and China are happy to see, but also evidence that Americans can easily accept.

Who made Sony a world-renowned brand?
Zhouche Laoton's subsequent interviews did not exhaust Fang Zhuo's energy. After he left the camera with a charming smile, he immediately held an internal meeting of Yike, announcing that the roadshow from Xiangjiang, Singapore to major cities in the United States was close to success.

8 times the pledged amount, this does not mean that investors can buy it if they want, but it has to be a stroke from high price to low price in the IPO price range.

In other words, Yike's goal of raising 2250 million US dollars by issuing 5 million shares has basically been achieved.

"January 1st, the listing time has been finalized."

"Everyone, everyone, I have to remind you seriously, seriously, and formally."

"On January 1st, you'd better get your cameras ready to take pictures for the listing. This will be the witness of our initial success of Yike, and it will have very good historical significance."

At the meeting, Fang Zhuo briefly described the situation of the road show, and finally said something exciting in a serious tone.

There are still 8 days before New Year's Day. After these 8 days, Yike will be a listed company on Nasdaq. This is not only the honor of the company, but also the realization of the value of the options in hand. Just thinking about it is already fascinating.

The spontaneous applause in the meeting room soon ended in cheers.

"Today is still Christmas Eve, Xiao Yu, Xiao Pan, are you interested in relaxing and taking a walk in the street at night?"

Fang Zhuo called out to the executive, and said with a smile: "Goldman Sachs said that Time Warner had a billboard about me posted on the street tonight. It was a conspicuous and handsome one. It would be a pity not to see it. "

Yu Hong: "..."

She reminded: "Mr. Fang, you seem to have a friend from China waiting for you to meet. Are you going to ask him to go for a stroll on the street tonight?"

"Friends in China?" Fang Zhuo was puzzled.

Yu Hong thought for a while: "The surname seems to be Ni."

"Oh, oh, old Ni." Fang Zhuo has already spent more than a week from New York to major cities, and all kinds of replays and numbers are entangled in his mind, and he almost forgot that there is a gentleman friend from China .

He thought about it for a while: "I have to call Lao Ni. There is still some good room for cooperation between me and him. We will have a hot pot together that night, and it will be considered a Christmas Eve."

"Old Ni must want to be safe. He happened to meet me, so he is lucky. It's really hard for others to help him."

Fang Zhuo felt that this day was a coincidence, and it might be a secret fate. If this place is left behind, it must be considered as the blessing of Jesus.

(End of this chapter)