My rebirth is different

Chapter 568 Start financing again
Things have changed too fast in the past two days. The international trust and investment company in the city has been operating, and the senior executives inside the Shanghai Pudong Development Bank have looked stupid. The two major factions of the chairman and the president have not reacted, and the matter is over. up.

"What's the situation! Didn't your Citibank say that you have already communicated with many small shareholders? They will sell the shares to you, and then your Citigroup will become the largest shareholder of Shanghai Pudong Development Development. What's going on now, all the shares have arrived In the hands of the International Trust Company?" The chairman of Pudong Development asked angrily, and Hanke, the representative of Citibank, was sitting opposite him.

Hanke was also full of depression, "I've inquired about it, and it was an order directly from your city's State-owned Assets Supervision and Administration Commission, asking them to transfer the shares to the International Trust and Investment Corporation."

"Then what does the International Trust and Investment Corporation want to do when it takes so many shares?" the chairman continued to ask.

Hanke spread his hands and said helplessly, "I don't know. International Trust and Investment Corporation has always been mysterious. I don't know anyone from them."

In fact, the chairman has dealt with Mr. Liu of the International Trust and Investment Corporation several times, but the two of them are not familiar with each other.

After such a thing happened this time, the chairman also called Mr. Liu after many inquiries to no avail. Unfortunately, Mr. Liu did not disclose any news to him.

The chairman had an ominous premonition. His position was originally assigned by the organization, and he was regarded as a "tool man" of the state-owned holding bank.Originally, after the bank's shareholding reform, he wanted to change himself and become a real shareholder of the bank, even if it was only a minority shareholder, it would be much better than being a "tool man".

What's more, Citigroup has promised that as long as Citigroup can control Shanghai Pudong Development Bank, it will hire him as the president!As for the current President Wu, of course he will not stay any longer.

…………

Similarly, President Wu, Yu Wenfei's old senior, also got the news.

"What! The International Trust Company has come forward? They now have 70.00% of the shares in their hands. Obviously, it is impossible to keep so much, which means...the International Trust Company will have a big investment. Take Shanghai Pudong Development Bank to replace the shares of other companies!" President Wu was very smart and guessed very accurately.

But he still doesn't know which company to replace with.

President Wu is also very concerned about this matter, after all, the president who holds great power is so glorious.

If he is kicked out after the shareholding reform of the bank, he can only go to the State-owned Assets Supervision and Administration Commission or the China Banking Regulatory Commission to take an idle job. He is still young and does not want to retire so early.

However, after inquiring and inquiring, I didn't find any really useful information, because this time, Mr. Liu of the International Trust personally handled it. If he didn't release the information, others would naturally not be able to inquire about it.

…………

This is why Yu Wenfei had long heard about the share reform of Shanghai Pudong Development Bank. He was also very interested in the shares of this bank, but he kept holding down the reason why he did not do anything.

If you get involved directly, there are too many interested parties, including state-owned assets, Citigroup, and internal bank executives. It's like a mud pit. If you sink in, you will be covered with dirty water.

But if you change your thinking and press down directly from the top layer, things will become very simple.

This is simply a dimensionality reduction blow. He does not need to intrigue with others. The International Trust directly collects all the scattered shares together, and the procedures are cleaned up. Then both parties only need to sit at the negotiating table and discuss a deal that both parties can accept. s price.

Things are safe now...

For this round of financing, not only state-owned assets will be brought in, but Yu Wenfei will also bring in another Wall Street capital to pave the way for Facebook to go public.

As a result, Facebook once again released news that the company is going to launch the last round of financing before going public. If you are interested in a big investment bank with strength, please contact us as soon as possible!

After the news spread, there is no doubt that the entire investment banking circle is boiling.

The development of Facebook during this period is obvious to all. The number of users and daily activity are all in front of us. Facebook has grown into a domestic Internet giant.

And at present, there is no competitor that can challenge its position.

Although Sina Blog has also raised funds after the year, it has long been unable to recover. It has held several big activities and spent a lot of money, but the results are not satisfactory.Up to now, the number of registered users of Sina Blog has just exceeded 6000 million. As for the number of daily active users, let’s not mention it.

As for the Sohu blog, since its launch, there has been almost no movement.

Sohu also sprinkled a lot of money on this website. Obviously, the money was basically wasted without any effect.

This also verifies the law of the Internet industry. In every subdivision of the industry, the leader is making a lot of money, the second child is barely getting by, and as for the third child, what awaits him is the fate of starving to death. A few days earlier and a few days later.

……

After several investment banks submitted their investment intentions, Yu Wenfei personally selected several shortlisted investment banks, including Citigroup, Temasek, Sequoia Capital, Goldman Sachs, Merrill Lynch, HSBC, Deutsche Bank, etc.

Although his goal is very clear, there is nothing wrong with choosing a few more companies, because there must be someone to accompany him, so that the valuation can be raised.

It stands to reason that banks like Citigroup, whose main business is banking, seldom participate in the financing of Internet companies. They prefer to invest in industries. The same is true for Goldman Sachs Merrill Lynch and HSBC Deutsche, but this time is different. These big banks are like sharks. When it smelled like blood, they gathered around.

This is because Facebook has already released the wind, and the financing will give priority to funds with bank backgrounds, and Facebook will prepare for listing after financing, and the qualifications of listing underwriters will also be given to the banks participating in this financing!
With this condition added, the meaning is completely different.

Originally, Facebook belonged to the "unicorn" level of enterprises. Even if the valuation is already very high, it is still profitable, but the income may not be so high.

When investing, if there is a stable income, even if the return on investment is relatively low, it is what everyone dreams of.

Not to mention, while participating in the financing, you can also obtain the qualification of the underwriter of the Facebook listing!

With the scale and development trend of Facebook, it should be relatively easy to reach a market value of more than 100 billion when it goes public, after a reasonable hype and momentum.

Then the income of listed underwriters is very considerable. If it is underwriting, the income will be [-]% to [-]%!
It is a bit exaggerated to say that the money is taken for nothing, but in fact it does not require the bank to pay too much energy, because the customers they sell stocks are themselves the big customers of their bank.

…………

It is still the large conference room on the top floor of Building No. [-]. Yu Wenfei, Cai Congxin, and Xue Chunhe are representatives of Facebook’s existing shareholders. Merrill Lynch, HSBC and other company representatives.

This time it was an intentional contact. Obviously, there will not be so many companies that have really entered the "finals".

"Everyone, first of all, thank you for your trust and support for Facebook. Before Facebook's listing, this is the last financing. That is to say, after this financing is over, we will immediately start the listing process. The goal is NASDA America. Gram! Next, I will first inform you about the key data of Facebook in the latest stage..."

Cai Congxin was the host of the meeting and took the lead in speaking.

After explaining the key data of Facebook, he signaled the secretary to send the relevant information to the representatives in the conference room.

All the data mentioned here, as well as written materials, are guaranteed to be 100% true and cannot be mixed with water.

Because these things will also be an important basis for various investment banks to value Facebook. After they really decide to invest, they will also conduct strict due diligence.

If the data provided by Facebook is found to be falsified, it will be a big deal.

Before coming here, each investment bank must have done the function, and now it is just to confirm with the data provided by Facebook itself.

"As for the valuation of Facebook, our board of directors considers it in this way. It starts with 50 billion US dollars, and everyone will bid for it. In the end, we will only introduce two new partners. Therefore, please be cautious about quoting. Also, Facebook Net will issue up to 3000 million additional shares and distribute them to new partners." Cai Congxin added again.

Facebook now has a total of [-] million shares, and the share structure is like this.

After the last redistribution, Yu Wenfei continued to hold 900 million Class B shares of Facebook through Star Technology, and became the largest shareholder with an absolute controlling stake.

There are 1000 million Class A shares in the newly established employee share incentive pool.

Softbank got 900 million shares, and Jiaoda Venture Capital got 100 million shares.

In addition, Cai Congxin has 100 million shares. According to his work performance, before the company goes public, he can still get 400 million equity incentives.

This time, by issuing another 3000 million shares, Facebook will have a share capital of 3000 million, and the shareholding ratio of the original shareholders will be diluted. This is also impossible.

When Facebook actually goes public, the shares will be diluted once more.

Therefore, for many Internet start-up companies, when they actually go public, the founders may only hold a few percent of the shares.

In only a very small number of companies, the founders can always control the real power of the company. In most companies, the founders will not even wait for the company to go public, and the founders will start to fade out of the company's management, and some will even be kicked out of the company.

…………

After listening to Cai Congxin's quotation, there was a slight commotion in the meeting room. Bidding is a relatively rare financing method.

Under normal circumstances, it is the company that asks for venture capital. How can there be such a group of investment banks begging the company to accept their checks.

This is Facebook, and it is impossible for another company to appear.

There is no way, who makes Facebook so prosperous now, not only all kinds of data have blinded everyone's eyes, but now, this company has also been affirmed and supported by the above.

In mainland China, everyone understands what it means.

(End of this chapter)