Chapter 548 [Earning too much is also troublesome]
The remaining 12.05% of the market value of 4.458 billion yuan is allocated to retail investors for subscription. The first ones are predetermined offline subscription shares. Only 12.05% of the shares, about 325 million shares, are allocated to the entire network through online lottery, that is, for big A.
of retail investors.
Lu Ming was not afraid that the retail investors would not be able to finish the food. If they really couldn't finish it, Lin Qiang and the others would be happy to take it again.
In fact, this part is also targeted by Wang Yue and others. When it is listed, they will compete with retail investors in the secondary market.
As for how they play and what tricks they can create, this is beyond Lu Ming's control. He doesn't have the responsibility to do so.
And this ratio is really not low, accounting for 12.05% of the total equity, which is already 0.1% more than the option pool of the company's senior management team. You must know that Tianchi Technology's financing is not short of investors.
It is no exaggeration to say that any institution present can easily absorb the 20 billion financing scale on its own.
However, Tianchi Technology is a subject listed on the Science and Technology Innovation Board, which means that the vast majority of retail investors have no chance of it. The entry threshold for the Science and Technology Innovation Board requires a minimum account capital of 500,000 and participation in securities trading for more than 2 years.
There are thousands of investors who have been shareholders for 2 years who meet this condition. The difficulty is the minimum capital threshold of 500,000.
The account funds of most retail investors in Big A are tens of thousands of yuan, and the top is more than a hundred thousand yuan. Those who can spend at least 500,000 yuan for stock trading are basically considered middle class.
The division plan of the Tianchi Technology pie has basically been negotiated. Now we have reached a verbal consensus, which can be regarded as a gentleman's agreement, but if nothing unexpected happens, there will be no changes. The next step is to go through the process.
At the end, Lin Qiang suddenly looked at Lu Ming and said with a smile: "That brother, one of the first batch of listed companies on the Science and Technology Innovation Board, and Pinduoduo, to be honest, we also have ideas."
Everyone also burst into laughter, looking at Lu Ming, he looked like we all want to get in the car, you know.
After hearing this, Lu Ming also said bluntly: "To be honest, I, Tiansheng, hold 30% of the shares of Pinduoduo, but I really can't say anything about it. The structure of the AB share system, I, Tiansheng, am just a financial investor."
, if you want to get on the bus, you have to go to Mr. Huang’s place and walk around more."
Lu Ming spent a lot of energy and resources to build Duoduo, and finally convinced Mr. Huang to give up going public in the United States and choose to go public on the Science and Technology Innovation Board. There was a very important reason that he couldn't tell anyone present.
That's why Lu Ming plans to use this ticket to stifle foreign capital. Foreigners are keen on setting up this kind of listed company. They are still worried about the liquidation of foreign capital before the listing. Not many retail investors can enter the Science and Technology Innovation Board. This is very important.
By then, it will be so boring that even retail investors will be left.
However, foreign capital can only invest in stocks on the Science and Technology Innovation Board through QFII and RQFII. There are restrictions on the channels for entering the Science and Technology Innovation Board, but it is enough to have investment channels.
The outside world does not know about this private dinner, but the cake distribution plan for Tianchi Technology has been negotiated at the dinner table, and the process can be followed directly.
…
The next day, Monday, January 7th.
Lu Ming came to the company this morning and entered his office. A copy of Qi Wei's materials was already placed on the desktop. Naturally, it was sent by Han Qiulin. This falls within her scope of work.
Apart from himself, there are only two people in Lu Ming's office who can enter and exit when he is not present. One is assistant Han Qiulin, and the other is general manager Su Xiaoman.
Except for the two of them, no one else in the company can enter alone. The helmsman's office contains many company secrets.
Lu Ming came to his desk and sat down. He picked up the materials and reports on the desk and read through them.
This report is the company's overseas funds once again deploying long Bitcoin. To say that Tiansheng Capital's investment target with the largest overseas income is none other than Bitcoin. Lao Qi doesn't ask too many questions now, nor does he express any concern. The big wave
SS said just do it and it will be done.
Bitcoin has also been bearish throughout this year. At the beginning of the year, it dropped to a low of around US$3,150, and is currently fluctuating between US$3,100 and US$4,100.
Lu Ming, who was lurking in this target again this time, had the foresight to know that the market would probably give Tiansheng Capital a chance to raise funds at the floor price for a quarter, because another major rise in the market would start in the second quarter, and the price would rise again.
It was worth tens of thousands of dollars each.
Regarding Bitcoin, Lu Ming has said it a long time ago. It is just a gambling den. It is being speculated all over the world. If it can create a profit-making effect, Tiansheng Capital will get involved. Whether it will leave a lot of chicken feathers is not Lu Ming's.
The only thing Ming has to consider is that after entering the market, he must withdraw steadily with full profits, and he can cut as much as he can.
However, it is worth mentioning that Lu Ming only participated in Bitcoin, and did not participate in other small digital currencies, including Ethereum.
…
Speculation in virtual digital currencies will bring huge profits to Tiansheng Capital in the future, and this part of the equation is not reflected in the Tiansheng Composite Index because the income from Bitcoin is not added to the index.
It is not reflected in asset prices and income statements, and is a piece of invisible income for the company.
The reason why Lu Ming did this was to adjust the rate of increase in Tiansheng Capital's revenue and asset prices. Because the increase was so crazy and the profits were so high, the release of this annual report would definitely cause a sensation in the entire capital market.
Making too much money is also a worry. If you disclose all your family assets without reservation, and the results far exceed market expectations, then the market will continue to revalue Tiansheng Holdings and give it a higher value.
If the valuation is higher and the price-to-earnings ratio is higher, the stock price will definitely skyrocket.
Every time the Big A market starts, there is an invisible force leading it. In one sentence, the core function of the domestic capital market is to provide a financing platform for enterprises.
Lu Ming is naturally aware of this, so what he has to do now is to prevent Tiansheng Holdings from entering a fanatical speculative craze and wildly amplifying market volatility, because the market is really too big, and the proportion and weight will become larger and larger.
If the current Tiansheng Holdings still has a sudden rise like that of a monster stock, it will bring a dilemma to the management.
If left alone, the market will form a positive feedback effect that will continue to strengthen and the trend will accelerate. The index will definitely soar to more than 5,000 points in two or three months, and the tragedy of the 2015 stock market crash may repeat itself.
If you want to control it, you can only hedge against the market by suppressing other weighted core assets, but the cost is very high. Foreign investors will scream with excitement and frantically buy low-quality core assets. In the end, they still cannot fundamentally solve the problem.
The other is to lock the stock kings in a small dark room? This method is not feasible, because it does not fundamentally change the logic and expectations. When it is released, it will skyrocket. The difference is just a different time point.
Unless Lu Ming is interviewed and asked to make less money, which is even more unlikely, who would object to making too much money? You must know that the list of the top ten shareholders of Tiansheng Holdings includes members of its LP institutions and a large number of Guo Jia team
The lineup, Tiansheng's sickle is trying to grab meat on the territory of the United States, and more than 65% of the profits come from overseas.
Therefore, in order to solve the problem, Lu Ming can only hide the profits. As the market expands and the pool expands, it will slowly be reflected in next year's financial report.
By then, Tiansheng Holdings' stock price will be able to maintain a very stable slope and steadily rise, without speculative fluctuations in the middle.
As for money, you must earn as much as you can. If you earn too much, put it in a small vault first. It doesn't matter even if it depreciates.
