Rebirth: Dominate The World, Starting From The School Network

Chapter 156 Xiao Ma’S Helplessness And Xu Chengye’S Anger

Pengcheng, Goose Factory headquarters.

Ever since in January, Goose Factory was so upset by a letter from Future Technology that it removed the product from its shelves to grab parking spaces and issued an open letter to apologize, Goose Factory has become extremely low-key.

certainly.

Being low-key is just low-key in behavior, and the development should continue to be vigorous.

No way, who made Goose Factory decide to go public in June this year.

If the listing plan is ruined because of these things, the loss will not be caused by one or two people playing a small game of grabbing parking spaces.

Why do companies go public?

It can improve the financial situation of the company and raise funds through the issuance of stocks.

With money in hand, the company can continue to develop and do more things.

Although Goose Factory has found a channel to monetize through the QQ show, and last year the QQ show made a profit of 100 million, making Goose Factory turn a profit.

But 100 million is just a drop in the bucket for Goose Factory.

Especially in the field of instant messaging, after the interference of WeChat, a corner of the originally unbreakable city wall has been knocked down, making Brother Ma feel a strong 07 existential crisis.

Goose Factory is not a future technology, so it is so favored by investors. As soon as you open your mouth, many investment institutions will come to your door with money.

Goose Factory cannot do this.

His little brother Ma doesn’t have the same charm as Lu Yi.

The future will be a huge challenge for the goose factory.

Because it not only has to face the siege of WeChat, but also opponents such as MSN and Wangyibaobao.

If you don’t have enough money in your hands, you will naturally not have enough confidence to face your opponents.

In the past two months, Xiao Ma has been running around for the company's listing.

Before the advent of future technology, goose factories were still very popular.

But after the emergence and growth of technology in the future, the treatment of factories in front of investment institutions will not be as good as before.

Fortunately, in the end, Goldman Sachs agreed to be the sponsor for Goose Factory's listing.

But this also came at a huge price.

The commission rate alone is as high as 7.2%.

This is a huge expense for the goose factory.

But there is no way, this must be given.

Otherwise, why would Goldman Sachs endorse you for free and pay you underwriting fees?

Endorsing a company for listing requires taking certain risks.

However, the commission rate of 7.2% is given as long as it is given. For Xiao Ma, getting the company listed first is the most important thing now.

Moreover.

He currently has no leverage to negotiate terms with these organizations.

"pony, what did you say at the listing meeting?"

Xu Chengye came to Xiao Ma's office.

As one of the five founders of Goose Factory, he is fully responsible for the strategic planning and development of website property and community, customer relations and public relations.

Listing the company is also his business scope.

"Goldman Sachs promised to endorse us, and the listing location will be in Xiangjiang in June." Xiao Ma Gong said with a smile.

Although Goldman Sachs seized the opportunity and bit off a piece of meat, after all, the listing matter was settled, and it is worthy of celebration.

"Hong Kong?"

Hearing this, Xu Chengye frowned.

You know, the vast majority of domestic Internet companies now choose to be listed on Nasdaq or the New York Stock Exchange.

It is considered the cradle of the global Internet. The former "Wang Chentou" Xinlang, Somo and Wangyou all landed in the capital market there without exception.

Now it's their goose factory's turn, but it turns out that it can only be listed on the Hong Kong Stock Exchange. This is not a shortcoming for Xinlang and others.

"Is it because Goldman Sachs is unwilling to endorse our listing on Nasdaq, or is it because of the school network?" Xu Chengye asked.

"There are two reasons." Xiao Ma said.

Xu Chengye said: "Listing in Xiangjiang is not a good choice for us. Many people think that the atmosphere in Xiangjiang is not good. They are traditional industry companies with very low price-earnings ratios. It is difficult for technology companies to pursue high price-earnings ratios."

"I know, but not many institutions are willing to endorse us now. Goldman Sachs took a big bite out of us before reluctantly agreeing to guarantee our listing in Hong Kong."

"But now that it has been decided, we have no choice but to run the goose factory well and slap those institutions that are not optimistic about us in the face."

"Chengye, we should take a longer-term view, instead of pursuing a high price-to-earnings ratio in the short term of one or two years, we should do it for the long term."

Brother Ma said.

Xu Chengye nodded: "pony, you are right, Xiangjiang will be listed on Xiangjiang. By the way, what is Goldman Sachs' valuation of us?"

"500 million meters of gold."

Brother Xiao Ma shrugged and said helplessly: "Originally, our valuation should be around 600 million yuan, but the emergence of Xiaonei.com and the success of WeChat have had a great impact on our valuation. They are even more optimistic about WeChat than our QQ."

"Bullshit! Goldman Sachs is deliberately lowering our valuation!"

Xu Chengye's eyes were a little on fire.

More than half a month ago, TOM Company was listed on both Hong Kong and Nasdaq. Institutional investment was oversubscribed 60 times, and individual investors oversubscribed 100 times. Now the company's total market value has exceeded 750 million yuan. "1

"Is our goose factory not even as good as TOM? This is nonsense! There is nothing more ridiculous than this!"

"500 million yuan, this group of hateful capital institutions, this is intentional, they want to squeeze the maximum investment income from us!"

TOM is an Internet company in Hong Kong. On the day of the annual meeting of Future Technology, it was listed on the 687 stock exchange in both the United States and Hong Kong, and was oversubscribed dozens or hundreds of times. The stock was crazy by investment institutions and individual investors. Rob.

Xu Chengye couldn't help but be angry.

Those blood-sucking capital institutions said they were not optimistic about Goose Factory, but in fact they saw the crazy subscription of TOM after its listing, and thought they could take advantage of this wave of popularity to replicate the TOM myth again.

after all.

Behind Penguin, there is also the Li Chaoren family.

Li Chaoren's youngest son, Li Zhekai, previously owned 20% of the Goose Factory. Although it was sold to the South African MIH company in 2001, his influence still remains.

"There is no way, now this group of investment institutions are determined to suck blood from us, and the excuse they use is that the Future Technology Campus Network and WeChat have had a huge impact on us.

"But we still have time to add more leverage. The premise is to defeat Xiaonei.com and WeChat. That way we can prove our value and strength and have the leverage to negotiate with Goldman Sachs."

Brother Ma said, with a cold and stern light in his eyes.

If it were not for future technology, Goose Factory would definitely be able to go public in the United States, and its valuation would not be severely suppressed by Goldman Sachs.

Ever since I was nearly half-dead by a letter from Future Technology in January, Xiao Ma has had a very bad feeling about Lu Yi and his Future Technology. .