After completing the liquidation of Shu Shu and the insider, and cleaning the house again, the market must continue to open, and it is impossible to directly close the market.
What to do next? How to reshape the top-level design? How to restore market confidence and get on the right track as soon as possible?
These issues are urgent.
This is the moment when Fang Hong makes his debut. It is now time to participate in the top-level design. Because Star Capital is a heavyweight benchmark in the financial field, there is a high probability that Fang Hong will be asked to be a consultant and will definitely ask for advice.
to him.
You are an expert, so just tell me how to do it better. Everyone values your opinions and suggestions.
By then, Fang Hong will be able to put forward the long-prepared solution in a logical manner.
…
However, in the current season, with WeChat thriving during the Spring Festival, the number of users has soared past the 700 million mark, and the number of users who have opened WeChat Pay has easily reached more than 300 million. The capital market is really booming.
Because many large investment institutions already know that Fang Hong has set the IPO valuation of WeChat at 400 billion, it can be said that the entire Big A is the only one that takes care of investors in the secondary market.
.
Fang Hong gave WeChat an IPO valuation of 400 billion. In industry terms, this is a serious underestimate.
And because of the popularity of WeChat red envelopes during the Spring Festival, various investment institutions in the capital market have unanimously recognized that the value of WeChat will be revalued. The attributes of WeChat itself as a mobile social platform are worth 500 billion, plus there is also a game business sector
It has brought strong performance growth and is also the major shareholder of Mihayou.
Now with the Internet financial attributes of Zhifubao added to it, its market share in the mobile payment market is close to one-third, second only to the big brother Zhifubao in the industry. The key is that it has also shown great potential to challenge the number one leader.
Top position.
If these major attributes are superimposed on the same company, the normal valuation should definitely not be 400 billion. It must at least be doubled to be reasonable. A valuation of 800 billion is not considered an overestimation.
Because of this, during WeChat's IPO, various investment institutions were already overwhelmed, begging to get on the bus. All they had to do was ask them to get on the bus and call them daddy.
If other companies want to raise funds and go public, especially those who only want to make money from going public, they have to do small things and transfer profits to get financing. However, companies in Qunxing, especially their star-level companies like Xingyu Technology and WeChat, have to go public.
After it went public, a large number of investors waved red tickets and came to ask for subscriptions.
You can choose and look for them at will, and you don't have to worry about not being able to raise funds. What's more, Star Capital itself doesn't have much else but has a lot of money, which is so much that it can't be spent all.
…
With the Spring Festival holiday over, various places are returning to work.
On Wednesday, February 25, the A-share market also ushered in its first trading day after the holiday, and it got off to a good start. The market index closed down -0.56% that day, and the Shanghai Stock Index stopped its seven-day streak of positive gains.
However, the reverse was realized on Thursday the next day, with the Shanghai Stock Exchange Index rising 2.16% that day to close at 3300.26 points, regaining the 3300-point mark again.
Around 17:30 on Thursday afternoon, Jingxin lives in the villa.
"The company's decision-makers held another meeting today to discuss the IPO listing of WeChat. It is currently determined that WeChat will be listed on the Shenzhen Stock Exchange main board. The IPO valuation is 400 billion yuan, the total share capital is 22 billion shares, the issue price is 18.18 yuan per share, and 600 yuan is raised.
Billion yuan, issuance of 3.3 billion additional shares, accounting for 15% of the total share capital." Tian Jiayi was reporting to Fang Hong the minutes of the meeting of Star Capital executives regarding the WeChat IPO.
The listing of WeChat will undoubtedly add a giant listed company to Big A. Not surprisingly, its IPO scale will be the largest financing in the A-share market in 2015, and it will also rank among the top five IPOs in the history of the A-share market.
The top five IPO listed companies in the history of Big A are Xingyu Technology, the only one with an IPO of over 70 billion, the second is Nongxing with 68.5 billion, the third is Zhong Petroleum with 66.8 billion, the fourth is Shenhua with 66.5 billion, and the fifth is about to go public
WeChat 60 billion.
Speaking of which, when WeChat is listed on Big A, whether it is listed on the main board of the Shanghai stock market or the main board of the Shenzhen stock market, there has been competition between the Shanghai and Shenzhen stock markets.
Logically speaking, such super large-cap stocks will usually choose to be listed on the Shanghai stock market, but judging from the current results, it is obvious that they will be listed on the Shenzhen stock market. On the one hand, the Shenzhen stock market is not very popular at the moment, and the liquidity is relatively poor compared to the Shanghai stock market. The trading volume
It is also far inferior to the Shanghai Main Board, and it also lacks the big guys to control the market.
On the other hand, there are already a lot of big players on the Shanghai Stock Exchange Main Board next door. Xingyu Technology is listed on the Shanghai Stock Exchange Main Board, Zhong Petroleum is also on the Shanghai Stock Exchange Main Board, and the super heavyweight stocks of major financial leaders are also on the Shanghai Stock Exchange Main Board.
Fang Hong knows that in a few years, the trading volume and activity of the Shenzhen stock market will exceed that of the Shanghai stock market. When this happens, one of the more important factors is the Shanghai stock market's supervision of the market. People with high emotional intelligence are said to have too much flexibility, such as
, if you say close the small dark room, then close the small dark room.
This turns what should have been a capital game within the market into a game between investors and the village, and what do you think I will do next? It seems like there are no set rules. This is impossible to play.
Gradually, as the most active hot money in the market, short-term players have no interest in tickets starting with 600.
But the funds themselves will find a way out, so they turn around and speculate in stocks starting with 000 in the Shenzhen Stock Exchange, because relatively speaking, the Shenzhen Stock Exchange will not deal with it so casually even if it wants to close a black room for a hotly speculated stock.
A certain mechanism must be triggered before execution, and things must be done according to the rules. This reduces the uncertainty of the variable for funds, and naturally people prefer to play in the Shenzhen stock market.
But at this moment, Tian Jiayi looked at Fang Hong and said: "There are 673 investment institutions participating in the subscription this time, with an over-raising of 240 billion. Currently, 232 institutions have been confirmed to be on board."
It plans to raise 60 billion yuan, but 240 billion yuan of funds are rushing to get on board, which shows how popular it is.
Tian Jiayi added: "In addition, the specific date for WeChat's listing has not been finalized at the meeting. The original plan was in June as you said, but Cathay Pacific Jun'an, a securities firm, also went public in June, and the financing scale is also huge.
Shiyao and the others discuss whether it would be better to stagger the listing? Let’s move it one month in advance or delay it by one month, or we can talk to Cathay Pacific and let them go public in advance or delay it.”
Fang Hong immediately asked: "Has the specific listing date of Cathay Pacific Junan been finalized? How much will it raise?"
Hearing this, Tian Jiayi said: "The details are unknown, but the relevant information we have obtained infers that it is most likely to be in late June. As for the fundraising, it is said to be close to 30 billion. If both companies are listed in June, the total financing will reach 90 billion
The market may not be able to bear the scale."
Fang Hong smiled in his heart when he heard this, couldn't bear it? That's right, let WeChat choose this day in June, which is the time window for Big A to rush to the peak of this leveraged bull market and go down in the whole market.
When there was a sharp decline, WeChat and all its listed subsidiaries of Qunxingxing bucked the trend and supported the market.
In the end, Fang Hong immediately made the decision: "Don't worry, since Cathay Pacific will be listed in late June, then we will let WeChat land on the A-share market in early June, and the specific date will be Friday, June 5th.
