Perfection of Rebirth

Chapter 510 Meituan Network Roadshow

In the early hours of September 2006, 09, Beijing time, Meituan held its first roadshow at the Hilton Hotel in New York, attracting many of the biggest names in Wall Street.

According to the plan, after the stop in New York, Meituan.com will also move to other cities in the United States for roadshows, and then will go to Hong Kong, Singapore and London for roadshows.The promotion meeting is expected to end on September 2006, 9, and the price will be priced that night. On the second working day, September 22, 2006, it will be listed and traded on the New York Stock Exchange with the stock code "MEIT".

According to Meituan.com’s IPO offering price guidance range of US$24 to US$26 per share, the financing amount of this round can reach up to US$11 billion, which is expected to be the largest IPO of China’s listed companies in the US this year.

The most important thing is that Xiaonei, which is also a subsidiary of Guanghui Group, is expected to be listed on Nasdaq in two or three months.Moreover, potato has just received a billion-dollar financing from Google, and Twitter has grown rapidly in the United States.These factors combine to make Wall Street investors full of interest in Meituan.

In the past, when Chinese companies were listed in the United States, the valuation was always lower than that of American companies in the same situation because investors did not know much about China's situation.But this time Meituan.com is different. The number of international users of Meituan.com is no less than that of domestic users. The most important thing is that many Americans are also using Meituan.com, which attracts everyone's interest even more.

At the road show, Zhou Benqiang and Wang Feng introduced Meituan.com to potential investors in a "domestic first, then foreign" approach.Potential investors at the scene also raised more than ten questions, covering the business model of Meituan.com, and the Chinese government (it seems that every Chinese company going public in the United States will be asked this question, it seems that prejudice is not so easy to eliminate ), and future business development plans, etc.

According to Jiang Hui's request, Zhou Benqiang called out Guanghui Group's policy of "customers first, employees second, and investors third" for the first time, and stated that he would not sacrifice the company's long-term interests for short-term profits.

"I can see that Meituan will be a long-term winner," Zhou said.

This roadshow is roughly divided into five parts.[-]. General Manager Zhou Benqiang explained the market opportunities and business model of Meituan.com; [-]. Deputy General Manager Wang Feng demonstrated the achievements of Meituan.com; [-]. Zhou Benqiang demonstrated the operational capabilities of Meituan.com; [-]. Development Minister An Wei shared Meituan.com's future growth strategy; [-]. Finance Minister Liu Xu demonstrated the company's financial status.

In the next few days, Zhou Benqiang and others went to road shows in Boston, Chicago, Los Angeles and other places one after another, and the relevant information was also widely concerned by the Internet circles at home and abroad.

……

Google.

"Is Jiang's company about to go public?".

"Yes, Meituan.com is the first listed company under Guanghui Group, and its current valuation is around US$50 billion."

"I have read the information of Guanghui Group, and it seems that the status of Meituan.com in it is not very high."

"It's really not very high, but I think it's because of this that they listed Meituan first."

……

IDG.

"How was the response to the road show of Meituan.com?".

"It's very popular. I think the issue price can be adjusted online. We are currently the second largest shareholder of Meitu.com, and we have invested hundreds of millions of dollars before and after, occupying about ten points of shares (IDG holds Meituan Tianchao Company) [-]% of the shares, after the reorganization of several branches of Meituan, IDG’s shares have also been diluted). At present, there are at least ten times the return.”

"A single investment project earned [-] million U.S. dollars, and Tianchao did a good job."

"This is just the beginning. After Meituan.com, Xiaonei.com will be listed immediately. It is expected that the scale of IPO will be more than double that of Meituan."

"Tianchao is indeed a market with great potential."

……

Imperial University of Technology Flying Forum.

"Boss Jiang's company is about to go public."

"Is Meituan going to produce a group of local tyrants like Du Niang?".

"It was listed on the market just over two years after its establishment, which is too powerful."

"Who knows what the valuation is now?".

"400 billion RMB."

"Meituan.com's status in the Guanghui Group should not be comparable to that of Xiaonei.com, Guanghui Weibo and Guanghui Payment, right? If Guanghui Group goes public as a whole, will its market value be skyrocketing?".

"I feel that Jiang Hui will become the richest man in China sooner or later."

"What is the richest man in China, sooner or later he will be the richest man in the world, okay?"

……

Dream Band group chat.

"Sister Zhang, Meituan.com is about to go public."

"What does it have to do with you?"

"Xiao Lizi wants to know when YY Live and Autohome will be launched, right?".

"Actually, I want to know too."

"Am I going to be a billionaire too?".

"Hundreds of millions? This requirement is too low. If YY Live, Qunar, and Autohome are all listed, if any of us are worth less than one billion, I will ask Jiang Hui to make up for it," Zhang Mengze said proudly .

"Now my parents dare not say that I am not doing my job properly."

"Do you want to ask Jiang Hui?"

"What are you asking? In terms of vision, the sum of us can't compare to Jiang Hui's one finger. Let's just sit quietly and be non-disruptive shareholders."

"That's right, Jiang Hui will naturally arrange it. It's not good for us to talk too much, and they won't take us to play later."

……

There is a group network.

"Meituan's valuation has reached 50 billion US dollars."

"Our website has one tenth of it, and I am satisfied."

"At this opportunity, let's take the initiative to contact VC, raise a sum of money and burn it, and see if we can use this shareholder's style to cash out part of it."

"Well, if Meituan raises so much money, it will definitely make a big move when it comes back. The days of us small group buying websites are getting more and more difficult."

……

Du Niang news report: Recently, Meituan, a leading Internet company in China, launched a road show in the United States and plans to list on Nasdaq on September 9.Meituan.com is the world's leading group buying website. It pioneered the new Internet model of group buying. Its business covers China, the United States, island countries and other countries and regions...

……

Meituan employee communication area.

"It's like a dream, I didn't expect the company to go public so soon."

"I envy the seniors who have options and shares."

"The last time Mr. Jiang came to inspect, he said that this year's year-end bonus will be a share for each person."

"Really? How come I don't know."

"That's great, Mr. Jiang is mighty."

"It is said that the company has raised more than one billion U.S. dollars, so what is the use of so much money for?".

"This is the core strategy of the company. Don't say you don't know it. Who would dare to talk here if you know it?".

"In any case, money is certainly not a bad thing."

"If the market value is 400 billion, we are considered the top five Internet companies in China, right?"

"If you only compare with companies that have already been listed, it is estimated that it can rank fifth in market value."

……

(End of this chapter)