Chapter 104 [fixed increase of 45 billion (2400 months)
Tiansheng Capital goes public via backdoor, so there is no longer a traditional IPO, but listing definitely requires financing.
The financing method of Tiansheng Capital is to issue new shares to specific targets. That is, the institutions present at the moment directly obtain the shares of Tiansheng Capital and then send money there without going to the secondary market, so there are basically no retail investors.
What happened?
After these large institutions learned that Tiansheng Capital was going to be listed through a backdoor listing, they all rushed over to receive the additional shares. Especially Chaoyun Trust and Wanxiang Group, who had tasted the benefits, were eager to buy up.
Lu Ming and Wang Yue looked at each other, then looked around at the people present and said: "Tiansheng Capital's backdoor listing has given a valuation of 240 billion, with a total share capital of 80 million shares, and an estimated 35% of the circulation, of which 15 million shares will be issued to
Everyone, this means that we will raise 45 billion yuan."
The year before the resumption of trading, the circulating market was even lower than 35%, because the 35% of the circulating market mentioned by Lu Ming included 15 million private placement shares, and the private placement shares have a one-year sales restriction period, so
That is to say, on the first day of resumption of trading, the actual circulation of Tiansheng Holdings started at %. Lu Ming will definitely not sell off the 55% equity he holds, not even a single share.
Wang Yue and others were speechless for a moment, and they all looked at Lu Ming with surprisingly surprised expressions on their faces.
Whether it was the amount raised or the resumption market price, both figures surprised everyone present.
"Good guy, 45 billion!" Lin Qiang exclaimed.
This number is equivalent to ranking among the top 10 IPOs in the history of Big A. No private company has raised more than 40 billion yuan. The funds raised by Tiansheng Capital in this round of backdoor listing are equivalent to the largest in the world.
OK (46.6 billion).
The major institutions present were all whispering to their own people at this moment. Lu Ming smiled and said: "45 billion should be enough."
Wang Yue said at this time: "Brother Lu, is the price of 3,000 yuan per share too expensive? Don't you consider liquidity?"
For a target, the term "expensive" is only relative, that is, relative to certain basic indicators, book value or cash flow. From an investment perspective, "expensive" should be a synonym for "overvalued", while "expensive" should be synonymous with "overvalued".
"Cheap" should be a synonym for "undervalued."
Tiansheng Capital’s price of 3,000 yuan per share is reasonable and even underestimated, because if Lu Ming wants to achieve an EPS of no less than 240 yuan per share, then the profit per share will be as high as 24,000 yuan. In other words, Tiansheng Capital’s valuation
The PE price-to-earnings ratio is only 12.5 times.
Faced with Wang Yue's inquiry, Lu Ming smiled and said: "The price is set just because of liquidity. I actually want to merge the shares to 5,000 yuan, but I still have to take care of ordinary retail investors."
After hearing the last sentence, the representatives and responsible persons of these institutions present directly replied to Lu Ming in their hearts: I understand, brother, our institution will push the stock price to over 5,000 as soon as possible after the resumption of trading!
Retail investors:???
Institutions don’t want retail investors to get on the bus.
As time passed, more than a dozen institutional investors present began to match up with each other on how to divide the 45 billion private placement shares.
Now everyone is rushing to take over.
The money for the backdoor listing and refinancing was, not surprisingly, secured by more than a dozen institutions present. Among them, Wanxiang Group directly subscribed for RMB 3.7 billion, making it the largest subscriber.
What has been negotiated so far is an initialed agreement, which is what everyone has negotiated first, but it is not legally binding and is more like a gentleman's agreement.
However, when all parties have negotiated, they will definitely not go back on their word easily. This is a credit issue. Sometimes a gentleman's agreement is more effective than a formal agreement. After all, you are going to be in this circle, so you won't mess around to make money in the future.
I'll take you to play.
Tiansheng Capital's backdoor listing will not be until March next year at the earliest. This is already assuming that everything goes well.
Lu Ming introduced these large institutions in order to further speed up the listing. A large number of them were all Guo Jia team institutions.
After meeting and discussing with these institutions for more than two hours, all parties reached a preliminary consensus and left.
It is also worth mentioning that the IPO fee is 6 to 8% of the total funds raised, while the cost of backdoor listing and refinancing is 2 to 4% of the raised funds. When the amount raised is large, the cost of backdoor listing is even lower.
The price negotiated by three securities firms including Lu Ming and Cailian Securities was 2.15%, and the cost of backdoor listing and refinancing was 967.5 million yuan, with Cailian Securities taking the lead in sponsoring.
…
Less than twenty minutes after Wang Yue and others left, An Yirou entered his office.
"The call from the front desk said that someone who claimed to be your second uncle wanted to see you for something important. Do you want to see him?"
Second uncle?
Lu Ming was stunned for a moment, nodded and said with a smile: "My relatives are probably in trouble when they come to the company, and they won't give up until we see them. By the way, go to the finance office and get two or three hundred thousand in cash, and
, go and arrange for a safe to be installed in my office later, and always have hundreds of millions of cash on hand."
The second uncle, who had no memory of him, suddenly showed up. It was most likely that he was in trouble, and it couldn't be for any other reason. He just sent him away and that was it.
An Yirou couldn't help but smile and said: "From what you said, there are quite a few relatives who are in trouble. Do you think you will just give them money to spend when this kind of thing happens in the future?"
Lu Ming shrugged and asked, "Otherwise?"
An Yirou said: "Aren't you afraid that these relatives will not repay the loan? You don't even know if they are relatives, so are you afraid of being cheated?"
Lu Ming smiled and said: "Don't expect to get the money you borrowed back. As for the subsequent question, does it matter whether you were cheated or not? Not caring about not exploring is a kind of condescending tolerance, and it is also a rational choice. It's just
This kind of rationality needs to pay a price, such as one or two hundred thousand, and I am willing to pay the price for this kind of rationality... Go ahead."
The implication is that Lu Ming doesn't bother to worry about such trivial matters, and goes to delve into it deeply. If he spends the energy spent on working on such things, he has already earned back the price of hundreds of thousands ten or dozens of times.
, to argue that it is not a good deal no matter how you calculate it, this is not the choice of a qualified capitalist.
Whose family doesn't have a few relatives in trouble these days? Since they were on the rich list, they must have been unable to cope with it. In the future, there will definitely be more troubled relatives than this second uncle, and there will be a second uncle like Lu Ming.
It won't be a surprise either.
A few minutes later, An Yirou brought a man over fifty to the office. Lu Ming took a document bag handed over by his girlfriend, which contained cash.
When the legendary second uncle saw Lu Ming, he started chatting non-stop. His little girlfriend An Yirou quietly acted like a melon-eater with great interest. She thought it was very funny and she listened in rapt attention.
However, the second uncle talked for a long time and Lu Ming could not remember some things about the original owner's childhood. Finally, after Lu Ming guided the conversation, the second uncle finally let the second uncle tactfully express his difficulties.
It turned out that the problem was that the second uncle's son wanted to marry a wife. He wanted a bride price of 200,000 yuan. Since his hometown had built a new house, he basically had no money left.
Without saying anything, Lu Ming readily handed the document containing cash to his second uncle. He didn't know the exact amount of money in it, but it was definitely 200,000.
The second uncle was very happy when he saw that there was about 200,000 to 300,000 yuan in cash inside. After getting the money, he exchanged a few pleasantries and said he would repay the money in the next few years, and then left happily.
Regarding the matter of relatives lending money to his son to find a wife, Lu Ming would take the initiative and selectively forget it after a while.
With only two people left in the office, An Yirou looked at Lu Ming with a smile on her chin and said, "Your second uncle is really looking for something far away."
Lu Ming was very interested: "How do you say it?"
An Yirou put on a serious face and said: "If it were me, I would tell the woman's family directly that my family has a billionaire relative, and the relationship is very close. Check the woman's family to find out if this is true.
Will you worry about the bride price?"
"You're so clever and very smart." Lu Ming was stunned for a moment and couldn't laugh or cry. He then added: "But if the woman learns that you have such a rich relative in your family, you will definitely be no different.
How can you raise the betrothal gift to 500,000 or more with a backhand? You underestimate the greed of human nature, and you also overestimate the foresight of such people."
An Yirou was speechless for a moment.
The matter of relatives coming to complain about their difficulties is just a trivial incident for Lu Ming, but anything that can be settled quickly with money will definitely not waste more energy and words.
The following days are still focused on the backdoor listing plan.
…
(Ps: Two more league leaders have been killed. Is this killing crazy? Reward, the first additional update has not started yet, and now I am stuck in the quagmire of monthly tickets. I finally caught up and reached 2700.
Monthly ticket? I thought it would only be 15 chapters at most, but I haven’t cashed in the monthly ticket yet. Ma De has finished his work and is going to liquidate his position...)
