New York, also known as the Big Apple, is the sin city in Batman's fairy tales, the largest city in the United States, and the world's financial center.
This is a beautiful business card. The external American spirit - the Statue of Liberty, and the real American spirit - Wall Street are all located here.
After Lin Yi and Liu Jianni wandered around here for another two days, they finally figured out which bastard was targeting them.
"It's Factory A."
Jenny Liu categorically shared the information she had found out: "I got the exact information from my former colleagues at my old employer. Cai Chongxin from Factory A called every institution we visited one by one and told them not to invest in us.
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In terms of ancestry, Cai Chongxin is also a fellow Zhijiang fellow of Lin Yi, but in fact he is a Chinese-Canadian born in Baodao Province.
He received a doctorate in law from Yale University, and his career path after graduation was from a law firm to a private equity fund. He is considered the kind of Chinese elite who relies on his studies to get ahead, but the story behind him is a bit unusual.
Cai Chongxin is one of the Eighteen Arhats in Factory A. There are rumors that he was deceived by Jack Ma, who had not yet made his fortune at the time.
There is probably something wrong with this, because Cai Chongxin's main task is not to participate in the business operations of Factory A. His position is CFO, responsible for finding money for the company's financing, and he should be based in Hong Kong City most of the time.
You can't survive in Hong Kong City with five hundred yuan.
No matter what happened, he boarded the giant ship of Factory A anyway, and the subsequent story was very boring. It can be described as a rapid rise in four words. Lin Yi also knew that he would become the owner of the NBA Nets in the future.
Why is Factory A targeting them?
This is not surprising, because in the subsidy war at the beginning of the year, his younger brother Kuadu Taxi was at a disadvantage, which also made the payment products of Goose Factory and Bear Factory popular.
Oh, one more thing, because the participation of Lin Yi and Wanli Chuxing has been cultivated in the subsidy war, although the current Xiong Factory Wallet is not as good as the Goose Factory Payment that relied on red envelopes, it is much stronger than in the previous life.
This is also one of the reasons why Robin Li is so confident in increasing his investment in O2O.
Therefore, it is completely understandable that Factory A is unhappy and malicious about Wanli Travel. You must know that Zhifubao is Ma Jack’s treasure, and he almost broke up with shareholders in order to divest this asset.
Lin Yi couldn't help but complain: "You really think highly of us. After traveling thousands of miles, do you still need to make a special trip to retaliate with your small arms and legs? Factory A's mind is really only as big as a pinhole."
But his question is: "Although Factory A is considered one of the three giants in the industry, this is the United States. Does it get their turn to talk things over?"
Liu Jianni immediately answered his confusion: "Cai Chongxin told those institutions that anyone who invests in Wanli Travel cannot get the IPO share of Factory A."
Forget about this.
Factory A's B2B business was listed in Hong Kong City before, but the stock price was never ideal, so it was privatized in 2012.
In addition to Zhifubao, which was divested this time, Hong Kong City was also the first consideration for Factory A's overall listing. However, due to the Hong Kong Stock Exchange's insistence on the principle of "same shares, same rights", this opportunity was missed.
Because the real major shareholders of Factory A are SoftBank in neighboring countries to the east and Yahoo in the United States.
If the standard of equal shares and equal rights were strictly followed, Jack Ma and his Eighteen Arhats would immediately lose control and be kicked out.
However, technology companies have to absorb a large amount of financing in the early stages, and selling equity is unavoidable. The common practice is to design it as AB shares to ensure the rights of the founding team and financial investors.
When paying dividends, both parties can enjoy the same economic rights, but in terms of internal management, the shares held by the founding team enjoy so-called "super voting rights" that exceed those of ordinary shares.
Many well-known technology companies have adopted this kind of equity structure, so the proportion of equity held by the founders is only single digits and absolute control can be guaranteed.
Wanli Travel will be listed in the future, and there is a high probability that it will also engage in AB shares.
The situation in Factory A is different. It has developed a unique partnership system. There is no need to go into details.
In short, they chose the Nasdaq in the United States as the listing venue for this time, and it is now in the final stage. If nothing else, the bell will be ringing soon.
"Tsai Chongxin should be in the United States now. Factory A's IPO will break the historical record for the largest amount of funds raised in a US stock market listing, and it will be the focus of the market during this period."
"Furthermore, Factory A's listing price is low, leaving enough profit margins for investors, so its share is very popular, and all financial institutions want to enter the market to get a piece of the pie."
All I can say is that it is worthy of being Factory A, and it still has the familiar arrogant and domineering appearance.
With Wanli Travel's current size, Lin Yi can't even think of challenging Factory A.
Lin Yi is not particularly envious. Now is the harvest moment for Factory A. From 1999 to 2014, they have been on this road for 15 years.
If Wanli Travel is still around 15 years from now, Lin Yi will definitely not mind meeting up with Factory A Shanshui.
At this time, he could only ask his CFO sincerely: "What can we do now?"
"Nothing to do."
Of course, Jenny Liu was not about to give up, but she analyzed very calmly: "Factory A is still strong, but it is only during the period before it goes public. It is not their turn to issue orders in the U.S. capital market."
"Although we already know about it, we don't need to take it too seriously. There will always be organizations beyond Factory A's control that will be interested in us."
"The worst outcome is that we will not make any progress until Factory A is launched, but this period of time will not be long."
"Because Factory A's IPO is not about money at all. Instead, it is an attractive proposition. All parties have too much to offer and have to balance their interests."
"I even have some doubts. Cai Chongxin has said that no one who invests in Wanli Travel will be given a share. Is he deliberately rejecting some unwanted funds in our name?"
Well, Jenny Liu couldn't help but make a cold joke at the end.
Lin Yi adopted Liu Jianni's suggestion. Although he encountered an inexplicable sniper attack from Factory A, he did not change his plan because of this.
After wandering around the East Coast, they returned to San Francisco again, because the venture capital institutions they had contacted before sent them investment intentions, and they had more in-depth contact with them.
It's normal to have several rounds of talks about real money matters, but it's a rare occurrence in a century for a stupid rich man to spend money if he doesn't agree.
Just as Liu Jianni guessed, the listing of Factory A is certainly a major event in the capital market recently, but the taxi-hailing industry is also a particularly popular target in the venture capital circle this year.
Lin Yi and Liu Jianni flew back and forth to the United States and stayed for about two weeks. When they left, they took several investment letters of intent with them.
"Although it is worse than expected, we still have time. After returning to China, I will look for a group of investors with other backgrounds. The last round of Tuk-Tuk Taxi was found in China..."
Maybe it was because she brought her boss to the United States but failed to achieve the original goal and directly put together the financing package for this round, so Liu Jianni kept talking about the next plan when she returned.
But Lin Yi didn't actually listen to her words too seriously. He was sitting in the departure hall of San Francisco International Airport, looking out the window at the giant aircraft taking off.
Large aircraft is also a high-end manufacturing category known as the industrial crown, but that is not what Lin Yi is concerned about.
He looked at the shadow of the plane falling on the ground, and thought that the BATs were like these big birds made of steel, and the shadows under their wings were everywhere.