I stole someone else's ticket to rebirth

Chapter 246 The Largest Private IPO in A-shares
Zhao Xingcheng is still very confident because it has always been like this.

Xingcheng Supermarket has been established for 20 years and has fought countless business wars. Most of them were defeated by Xingcheng Supermarket's foundation. Even international brands like Walmart were suppressed by Xingcheng Supermarket.

Later, the six major supermarkets in the province signed a cooperation agreement, divided the regions, and helped each other, directly squeezing out several foreign supermarkets, leaving only Walmart, which had the strongest foundation, struggling to survive.

The current Xingcheng Supermarket has the ability to drive others out, even locals.

The market is so small, only enough for them to make money.

However, he waited until the seventh day of the first lunar month but still did not receive a reply from Feng Jianhui, which made him feel a little strange.

After waiting for one more day, it was the eighth day of the New Year.

Not only did I not receive a reply from Feng Jianhui, but I received something else instead.

Someone is investigating the malicious competition of Xingcheng Supermarket.

Are they the dozen or so people who went to Green Water World to take advantage of the situation?

What's the point? It's within their rules, so it can only be said to be immoral, but can it be illegal?

He initially thought that the county government simply wanted to give an explanation to the netizens to prevent the matter from becoming too embarrassing.

But soon, the accounts of Xingcheng Supermarket were checked.

He called Feng Jianhui.

"Leader Feng, it seems that you don't want to give Xingcheng Supermarket a chance to survive. In that case, we will leave."

"Mr. Zhao, don't worry. It won't be too late to leave after you have checked the accounts."

"What do you mean?"

……

Feng Jianhui was helpless. This guy Li Yang was really disgusting. Anyone who got involved with him would be in bad luck.

He didn't know how Ye Bingcheng got along with Li Yang, but so far they actually got along very well.

It's outrageous!
Who can get along with a guy like Li Yang?

His original intention was not to let Li Yang lose too much money, as the Green Water Group was about to be delisted.

To some extent, Xingcheng Supermarket would be courting death if it went head-to-head with Lvshui Group, after all, Jiang Banxia and Li Yang were standing behind Lvshui Group.

It's just that Zhao Xingcheng was simply targeting Green Water World and did not lead the war in other directions. He felt that Green Water World alone could not defeat him.

The greatest value of Green Water World was when it was built. What value does it have now?
Li Yang didn't say anything to Feng Jianhui, nor did he blame anyone.

There is nothing that can be done, and there is no way out.

Who knows what he will come up with next? Li Yang has figured out the Internet.

At this time, Ye Bingcheng was talking to Li Yang on the phone.

"Mr. Li, are you interested in building a green water paradise in Jiangbei? The local issues are easy to discuss. I will try my best to get them."

"I'm afraid it's a bit difficult. Big cities are different from small cities. If you run a shopping mall in a county town, as long as there is a lot of traffic, there is still hope of making money. In first-tier cities, it's hard to make money even if it's packed every day."

"What a pity." Ye Bingcheng sighed.

"Haha, there's nothing to regret. This year, the second Green Water World has already started construction. From now on, we can basically build two a year. The nearest one is only 40 kilometers away from Jiangbei."

"We're going to build nine in total?"

"Yes, according to Taoist teachings, nine is the number of the extreme. If you build nine, you might make some money. If you build more, they will be worthless."

"Haha, this is an interesting point of view. It means that everyone should abide by the rules. Without rules, accidents are more likely to happen."

Li Yang said, "That's for sure, but you can't let others bully you just because you follow the rules. That would be too cowardly. Besides, I'm a student, so it's normal for me to be ruthless. I'll be able to calm down after graduation."

"Not too serious, normal. He didn't bet on you, so he naturally wants the best situation."

"Happy New Year, bro!"

"Happy New Year!"

……

Li Yang actually owed the other party a favor.

Jiying Automobile has been taken care of a lot in Jiangbei, and even many suppliers have been specifically greeted by Ye Bingcheng, otherwise the contracts could not have been finalized so quickly.

But now Jiying Automobile is in a situation where it can almost pay off its debts.

But he never talked about those things with Ye Bingcheng. Ye Bingcheng did it himself. That's what friends do.

After hanging up the phone with Ye Bingcheng, he immediately called Jiang Baichuan.

"Boss, Happy New Year."

Jiang Baichuan was not in a good mood because the collaboration between Jiying Automobile and Wanliu Capital was not a good thing.

I can only say that it's just brushing the edge.

Naturally, there were many reports.

He had a headache and didn't know how to deal with this matter.

If I don't deal with it, I'm afraid people will accuse me of being biased.

Deal with it? They didn't make any mistakes.

It's just that others don't have this ability.

"Li Yang, strictly speaking, your Jiying Auto points can be exchanged for financial management quotas, which is somewhat against the rules. Please don't do it again."

Li Yang smiled and asked, "You must have remembered it wrongly. My girlfriend is a top student in the Department of Finance. She knows all the rules very well. This is not a violation."

"You have to ask me to come up with a new rule before you're satisfied? Finance is not a joke. The way you raise funds is not in line with the process."

“What if we liquidate our domestic funds and only do QDII funds?”

The so-called non-compliance with procedures mainly refers to the fact that Wanliu Capital has two funds, both of which are not small in scale.

It is not difficult to create a market trend.

For example, Jiang Banxia can easily transfer the profits of the other two funds to the new fund and give the new fund an exaggerated return, and the subsequent cars will definitely be snapped up.

"Where is the quota for Wanliu Capital's QDII fund?"

"Wouldn't it be enough if you just approve a little bit? We don't want much, just 5 billion US dollars."

Jiang Baichuan said angrily: "You guys are the ones you keep talking about! You are not an employee, and you have nothing to do with Wanliu Capital!"

"Haha, it's okay, it's okay. Jiang Banxia and I are acting in concert."

"Concerted action? Then what about your overseas funds?"

"What do you mean by overseas? I'm dirt poor. I'm almost 10 billion in debt without even realizing it. How can I have any money?"

"You... forget it, forget it. I'll give you the credit limit, but if you lose, you have to find a way to fill the foreign exchange gap..."

QDII funds require the use of foreign exchange, and the domestic management of this aspect is relatively strict, mainly to prevent capital outflow.

Some QDII funds cooperated with foreign countries to help support foreign funds, and naturally lost the foreign exchange, resulting in capital outflow without anyone noticing.

Therefore, the quota of QDII funds has always been strictly managed.

A single fund with a limit of US$5 billion? Impossible!
The fact that Li Yang's money is in Gangcheng is also the reason why Jiang Baichuan is not so wary.

"In that case, why not give us 10 billion dollars?"

"You... spend the five billion dollars first!"

Jiang Baichuan almost vomited blood. What Li Yang meant was that even if he lost all the 10 billion US dollars, he could still make up for it. What a big mouth!

But on second thought, this guy is really amazing.

Perhaps out of the money he managed, the little money Li Yang earned was not even enough to pay the interest on the money he managed for a year.

But he has such a huge system, so many channels, and so many products covered.

Li Yang has limited access to products.

"By the way, let me discuss something with you. Wanliu Capital is preparing to go public. You know the size of Wanliu Capital, and most people can't afford it. Can you find a few capable underwriters for us?"

Jiang Baichuan asked, "Can't afford it? They can afford an IPO of over 10 billion, but can't afford Wanliu Capital? Ping An's IPO was close to 40 billion, and no one frowned. As long as the market is willing, even if your IPO is 100 billion, there will be people scrambling to take it."

Li Yang smiled and said, "No, no, we didn't think so much, we just want 60 billion."

"Sixty billion? You want to sell the entire company? That doesn't comply with the procedures. I won't approve it."

"Sell everything? We only take out 20%. If we sell everything, we will be left with nothing."

Jiang Baichuan: "..."

So this guy Li Yang thinks Wanliu Capital is worth 300 billion?

I wouldn't dare to think so in my wildest dreams.

"Why do you think Wanliu Capital is worth 300 billion?"

Li Yang said: "Wanliu Capital's net profit last year was more than 10 billion, and the net profit the year before was only a few billion. According to this growth rate, this year's net profit should be at least 60 to 70 billion. If we were not worried that Wanliu Capital would become more and more valuable in the future and completely lose the opportunity for IPO, we would not be willing to put this egg-laying rooster into the A-share market.

Even if we calculate it based on last year's net profit, the PE is only about 20 times. Is it high? If we calculate it based on this year's estimated net profit, the PE is less than four times. How is this different from giving away money for free? "

Li Yang's shameless words would not be able to deal with Jiang Baichuan.

Estimated net profit one year in advance?

So if he made one dollar last year, ten thousand this year, he's expected to make one hundred million next year?

Does Li Yang know what it means to earn 60 to 70 billion? There are only eight A-share companies with a net profit of more than 50 billion, and only four with a net profit of more than 70 billion.

That is, the four major banks.

Following closely are China Mobile with over 60 billion yuan, Ping An with over 50 billion yuan, China Merchants Bank, and CNOOC.

Moutai’s net profit is only more than 30 billion.

He said helplessly: "You are really good at giving me new terms, and your calculation is outrageous!"

"Leader, I am a pragmatic person."

"Okay, I can arrange for someone to distribute it for you, but I won't cover the unsold goods. You can find someone to take over the remaining goods yourself."

Jiang Baichuan agreed, since he would have to ask Wanliu Capital for the handling fee anyway.

"No problem. Here's what I'm thinking. We'll have 500 billion shares, each worth three yuan, and take out billion shares for IPO. Each shareholder will have a subscription quota of shares. Anyway, if there are many subscriptions, we can just take out billion or billion shares. If there are few subscriptions, I'll arrange for people to buy the remaining shares."

"It's useless for you to tell me this. We'll audit the pricing and total share capital first." Jiang Baichuan felt that Li Yang was taking it for granted.

Three dollars a share? One hundred billion shares?
Is this a listing? The stock price must fall below the IPO price on the day of listing.

The total share capital is too large and no institution is willing to hold it.

Except for bank stocks which have a relatively large total share capital due to high dividends and can exceed 100 billion yuan, BOE, known as the king of retail investors, has a total share capital of only more than 30 billion yuan.

He understood Li Yang's intention immediately, but...

It doesn’t matter, just let him be.

Does he really think he is God?
No one will cover for him.

If they honestly ask for a high price, institutions will be willing to support them, which will greatly help increase their value.

"Thank you very much. By the way, before going public, a series of equity changes need to be made. Would you like to take some?"

"Okay, I'll give you five points."

"I was going to give you twenty points."

Jiang Baichuan: "The company is not yours! And why do I need so much? These five points are all for Jiang Banxia's sake. You don't have any face in front of me."

"Your words really hurt my heart. I am much simpler than Jiang Banxia."

"Ha ha……"

……

In fact, what Li Yang said was true.

Jiang Banxia is the one who truly kills without blinking an eye, more ruthless than anyone else.

However, the fact that he was able to show five points of support showed that Jiang Baichuan really liked Jiang Banxia. After all, that was 15 billion.

Although the money is not his, he needs to take responsibility if he makes too many wrong decisions.

Then, Li Yang began to calculate the share of the 5 billion US dollars.

Wanliu Capital will have to put up about 10 billion yuan, and even if the car owners sell 20,000 vehicles before June, it will only be 7 billion yuan.

In reality, the number of transactions would definitely not be that large, probably only around 13,000 vehicles.

Five billion US dollars is about thirty-three billion, and there is still about eighteen billion in space.

Just happened to provide financing for Wanliu Capital.

I came to Jiang Banxia’s new house, where Jiang Banxia was working.

After all, there are too many people coming and going in her house, and the house cannot be quiet even after everyone goes to work.

Li Yang came over and said, "Does Wanliu Capital need financing?"

"Ah?" Jiang Banxia was surprised for a moment, but quickly realized, "Done?"

"Well, the $6 billion quota is estimated to be available within two months. I calculated that after deducting the shares of those car owners and adding the money in the Wanliu Capital account, there is still a gap of about billion. I will raise billion for Wanliu Capital and take % of the equity."

"Are you crazy? Eighteen billion can buy half of Wanliu Capital."

Li Yang smiled and said, "There is no finance without leverage, and it is to facilitate the IPO so that no one will find fault with it later."

Is Wanliu Capital worth 300 billion? It is definitely worth it.

When the financial sector goes public, the PE ratio is generally not too high, ranging from 20 to 30.

When some companies go public, their PE ratio can directly reach 40 or 50.

Li Yang could indeed get more through the equity adjustment before the listing, but there is no need for that. It will not do him much good except giving people an excuse to attack him.

If he wants money, he can always ask Jiang Banxia for financing with the company he owns.

"Which institutions can give a valuation of 300 billion?"

"Their boss has already said that they have no choice but to give it. Besides, the data is within a reasonable range, so why shouldn't they give it? It's enough if someone in the market is willing to pay for it."

"But I... I'm afraid this year..."

Jiang Banxia hasn't gone to the capital yet, which clearly shows that she doesn't want to go.

"There is still some time left. I will get my professional qualification certificate as soon as possible."

"what?"

(End of this chapter)