My rebirth is different

Chapter 868 Difficult Listing
On June 26, Xiangjiang Securities Exchange Market.

Although the weather in Xiangjiang in June is already very hot, Brother Xiao Ma is still wearing a neat suit, and his hair has been carefully taken care of by the hair stylist, and is combed back in an orderly manner.

With a pair of gold-rimmed glasses, Xiao Ma, who is just in his early thirties, can be regarded as a good-looking talent.

There was a big smile on his face.

Because today is a good day for Tencent to be listed in Xiangjiang!
After several years of hard work and many hardships, Tencent finally went public.

Today is the first day that Tencent Holdings is officially listed on the Xiangjiang Securities Market.

Brother Xiao Ma and the others are here to "ring the bell".

…………

In fact, if Internet companies want to go public, a better choice should be to go public on NASDAQ, but after discussing with several major shareholders of the company.

Everyone still decided to come to Xiangjiang to go public.

Tencent's current size is still too small, and listing on Nasdaq may not have any effect.

Moreover, if it is listed in the United States, it may cause lawsuits, which is too much trouble.

As for who will trouble it, that's obvious. Don't forget who bought ICQ.

AOL has a wide network of contacts in the United States for two political and business terms. It is not easy to find trouble with a company from mainland China.

Therefore, Xiao Ma decided to avoid the American market and not to go public there.

Save yourself trouble.

The issue price of Tencent Holdings is 3.7 Hong Kong dollars. It is the first Chinese Internet company listed on the Main Board of Hong Kong. The company's market value is only more than 50 billion Hong Kong dollars.

Before Tencent, when domestic Internet companies went public, they usually went to the United States to earn dollars.

Like Sina, Sohu, NetEase, Shanda, and of course Facebook, all of which are listed on Nasdaq.

Tencent has also set a precedent, exploring a new listing route for domestic Internet companies.

"This time, thanks to your bank's help in the underwriting, otherwise, our company's listing would not have been so smooth."

Amidst the joy and encouragement, Brother Xiao Ma said gratefully to a refined middle-aged man beside him.

"Haha, there are investors who recognize the future of Tencent, so they are willing to spend money to buy shares, and promise to hold the shares for a long time, and will not cash out. I want to thank the investors. We, HSBC, are just an intermediary. "

This middle-aged man underwrote Tencent's listed shares on behalf of HSBC.

It is the role of Citibank in the listing process of Facebook.

As Xiao Ma said, Tencent’s listing has been full of twists and turns. In fact, when the road show first started, not many investors expressed interest.

Because everyone knows that the future of Tencent is not clear.

Its competitors are too powerful.

In the field of online instant messaging, it goes without saying that abroad, there are ICQ and MSN, QQ can't go out at all.

At home, the situation is also grim.

In the field of online social networking in China, Facebook is the leading company. Even in the field of instant messaging, WeChat is competing with QQ.

Although in the past six months, WeChat does not seem to have made any major moves, and it seems that it does not care about the speed of development.

However, no one dares to ignore WeChat.

After all, behind WeChat, there are a lot of Facebook companies!

That really needs money and money, and people and people!
Even if it is said that WeChat will completely surpass QQ in one month, no one would dare to take it as a joke.

Because everyone thinks it's possible...

So when Tencent went public, it faced a big problem.

An Internet company with an uncertain future, under such circumstances, how can any investor dare to buy its stock.

Almost, Tencent will not be able to go public.

Fortunately, news suddenly came from their underwriter HSBC that there was an individual investor who was planning to invest in all of Tencent's listed tradable shares.

Of course, it is impossible to really buy all of them, and some of them must be reserved for the market and given to scattered investors.

But this conveys a meaning, that is, Tencent's listing is stable!
Don't worry about facing the dilemma that no one wants stocks.

Of course, Xiao Ma and the others have personally met this investor.

He is an ordinary Hong Kong local, not the investor himself, but an investment representative.

Moreover, this investment was also invested through a trust fund of HSBC.

The background of the real investor is relatively mysterious.

But Xiao Ma and the others don't care about this!

Originally, when the company was listed, the newly issued shares were for people to buy and sell at will.

What I worry about is what to do if I can't sell it, not what to do if someone buys it!
There are quite a few so-called "big families" in Xiangjiang who like to engage in mysteries, so it's not surprising that they invest anonymously.

…………

In order to raise enough funds for this listing, Tencent issued [-] million new shares in one go!
The company's total share capital is only 15 billion after the additional issuance.

In other words, they took out 20.00% of the shares to raise funds.

There is no way, I am so poor!

There is such an opportunity to raise large funds, how can we not firmly grasp it.

Because of the attack from Facebook and WeChat, Tencent has had a really hard time in the past year, and its own company valuation is relatively high, so this year, there have been no new investment banks entering the market at all to invest in it.

The risks are simply too great!
No one knows when Yu Wenfei's WeChat will take off.

And once WeChat makes an effort, what is waiting for Tencent may be "death"...

At this juncture, who would dare to spend a lot of money in it.

In the term venture capital, the word "wind" not only means "risk", but also means "see the wind to make the rudder"!
When your company has a bright future and the future is promising, venture capitalists will flock to you and rush to send you money.

However, once your company's future is bleak and a strong competitor appears, VCs will disappear without a trace.

They just want to add icing on the cake, and rarely do things that give charcoal in a timely manner.

………………

Tencent Holdings was officially listed. On the first day, the stock price performance was tepid. Fortunately, it did not fall below the issue price, otherwise it would be embarrassing.

Tencent also raised funds of more than one billion Hong Kong dollars, which relieved the urgent need.

If you can't get any more money, the company can't even pay the bandwidth fee!
Brother Xiao Ma and his group of executives often lament that everyone is doing social networking, so why is there such a big gap.

Look at other people's Facebook, it is very popular, not only got a lot of money from Laomei, but also became the richest Internet company in China.

Moreover, it has also launched a unique smart advertising business, which has attracted the attention of a large number of brand manufacturers, and the advertising revenue is also booming.

I also do social networking, and the number of users is not much worse than Facebook.

How did it get mixed up like this!
…………

(End of this chapter)