Chapter six hundred and seventy third batch making wealth
After Zhang Yida returned to the mainland, he immediately arranged for people to contact the leading group of the Science and Technology Innovation Board.
When I heard that Ruixiang was going to be listed on the Science and Technology Innovation Board, the other party was even more positive than Li Xiaojia.
The Science and Technology Innovation Board wants to become China's Nasdaq, but why does it lack top technology companies like Ruixiang?
Officials of the Science and Technology Innovation Board flew from Shanghai to Beijing and met with Zhang Yida in person to discuss some listing details.
Naturally, all parties were satisfied with the outcome of the negotiation.
What Zhang Yida is looking for is the speed of the meeting and the amount of funds raised. What the Science and Technology Innovation Board is looking for is that Rui has always supported their appearance.
…
Ruixiang notified all shareholders of the news of preparations for listing, and everyone was very happy that the day had finally come.
The most exciting person is Son Zhengyi. This year is a bit unfavorable for him.
Uber's IPO broke, WeWork's valuation halved...
The outside world is beginning to question his investment strategy.
They invested heavily in unicorns and their valuations were extremely high, only to be knocked back to their original shape as soon as they went public.
The losses were huge, with one project losing billions of dollars.
This resulted in the SoftBank Vision Fund’s second round of fundraising not going smoothly. Old LPs from the first fund were unwilling to participate in the investment and said they needed to consider it.
The listing of Ruixiang will give him a good turnaround and reverse the current decline.
How unhappy this made him!
In video conference.
The diminutive Son Zhengyi had a smile on his face and immediately sent blessings to Zhang Yida and Ruixiang.
"Mr. Zhang, congratulations to you, and congratulations to Ruixiang. From now on, Ruixiang will truly join the ranks of global technology giants."
Son's words came from his heart. He has seen too many amazing people in the business world.
Whether it’s Didi’s Chen Wei, Uber’s founder Kalanick, Grab’s Chen Bingyao, OYO’s Li Taixi…each of them is a young business leader from various countries.
But none of them are as good as Zhang Yida, they are all scammers and lose money!
Only Ruixiang can really make a fortune.
I secretly sighed and thanked Bonima for his righteousness in transferring the shares. This good man has a safe life!
Zhang Yida said with a smile, "Ruixiang is not mine alone. His success belongs to every shareholder present."
Robert, Evans and other shareholders all smiled in the camera. They were more concerned about the underwriters' issues than others.
"Mr. Zhang, Goldman Sachs will definitely be able to provide Ruixiang with the most satisfactory service for this record-breaking global IPO."
Robert, who had the same hair style as Baldy, was the most active and couldn't wait to start grabbing business.
"What Goldman Sachs can provide, we at Morgan Stanley can also provide."
Not to be outdone, Evans glared at the bald man Robert. Every time, the bald man took the lead.
This made him very unhappy, and he must win the game this time.
"We, Bank of America Merrill Lynch, can also underwrite..."
"We have the lowest deposit rate..."
"Credit Suisse has the best service..."
…
A group of shareholders began to compete for the qualifications of underwriters, not wanting to miss this big deal.
"We can use 1% of the amount of funds raised as underwriter fees. Whoever can accept it will be given the underwriter qualification."
Zhang Yida spoke, and when he looked at the dark faces in the small windows on the projection screen, he felt like laughing.
Fight, keep fighting!
As a result, no one said anything, and the scene became quiet.
"It's too low. The underwriting fee is 1%, so aren't we just busy in vain?"
Robert's shiny bald head shook violently, making it difficult to accept Zhang Yida's conditions.
"Ari was listed in the United States in 2014 at this price, Facebook raised US$16 billion in its listing, and the underwriting rate was only 1.1% of the amount raised."
Zhang Yida looked at the hundreds of shareholders in the small window and said calmly.
His principle is that money that should be spent must be spent, and money that should be saved must be saved.
"Okay, Goldman Sachs can accept it, and we will be the lead underwriter."
As soon as Robert relented, several other companies also expressed their acceptance.
Taking the financing of US$26 billion as an example, the three of them divided US$260 million, which is not a small amount. It is a rare and large deal in recent years.
After negotiating with shareholders and selecting underwriters, Ruixiang began to form a listing working group.
"Lan Lan will put aside the work of the strategic investment department during this period and hand it over to his deputy. You will serve as the deputy leader of the working group."
At the executive meeting, Zhang Yida glanced at Lan Lan and said.
"Okay, Mr. Zhang, no problem."
Lan Lan is very happy. Mr. Zhang serves as the team leader and she serves as the deputy team leader.
According to Mr. Zhang's temperament, most of the team leaders are just in name, so she is basically solely responsible for the listing.
This made her feel very important and also put a lot of pressure on her.
$26 billion raised!
The world’s largest IPO!
To ensure that the plan is a complete success, the next few months will be very busy.
Gu Panpan, Su Hua, Hong Haibo, Ma Jun and other senior executives looked happy.
Since last year, every now and then there have been reports from the self-media that Ruixiang is about to go public.
They have been looking forward to this day for a long time.
Everyone has a large amount of options in their hands. After the listing, everyone will be a 10-figure rich man!
The exception is Su Hua, who holds 0.9987% of Ruixiang shares and may be worth more than 20 billion after listing.
Lin Zhenyang has even more. He holds 1.87% of Ruixiang shares and is worth nearly 40 billion after listing.
The two of them are the two people with the highest shareholdings among Ruixiang's senior executives, except Zhang Yida.
Even Lu Qi is far inferior to them, with only 0.2% of Ruixiang shares.
Lilith's Wang Xinwen, Bilibili Chen Rui, Xiaohongshu's Qu Fang, Mao Wenchao and other founders of the companies acquired by Ruixiang also hold shares ranging from 50,000 to more than 10,000 shares in Ruixiang.
After Ruixiang is listed, a group of them can also increase their net worth ranging from one billion to several billion yuan.
After multiple rounds of financing, mergers and acquisitions, mergers, and betting winning rewards, the combined shareholding ratio of Ruixiang’s executives and employees is less than 6%.
The top management took away nearly half of the employee shares, and the remaining 3% of the shares belonged to tens of thousands of middle- and lower-level employees. On average, the shares held by each person were worth 5 to 6 million yuan.
Of course, the real situation cannot be average. Some people may have more shares, worth 10 to 20 million;
Some people have less shares, worth one or two million.
I don’t know about anything else, but house prices in Haiding District may be going up.
This is the truest thought in the minds of many executives present at this moment.
"Mr. Zhang, what do we need to do during this time?"
asked Gu Panpan, who did not join the listing preparation team.
"Go to work as usual!"
Zhang Yida was speechless, although he knew that the news of the listing would bring some impact to the executives.
But I didn't expect the impact to be so big, and even my brain started to run out of energy.
“Continue to attract investment for me and attract big brands to put Pinduoduo on the shelves.
The second tens of billions of subsidies are on the way!"
Zhang Yida glanced at the executives present and said calmly, "Although the company is about to go public, everyone must not slack off.
Going public is not the end, just a beginning.
There are still US$300 billion, US$400 billion... US$1 trillion waiting for us.
We can’t just sit back and relax. Apart from short videos, which business of ours has ranked first?
There are still many areas that require efforts. Everyone must correct their mentality.
If you do a good job in the business in these few months, it will be the greatest support for the listing work."
Lin Zhenyang responded, "Yes, there is actually no difference between being listed and not being listed.
Although everyone will be a billionaire after the listing, if it starts to drift away, then don’t blame me for not recognizing my brothers like Brother Dong.”
Although Lin Zhenyang said this in a very humorous language, everyone also heard the hidden meaning.
This allowed them to calm down a little and offset part of the excitement caused by the listing news.