sinovels Chapter 233 Financing 1.25 Billion Meters Of Gold, Valuation Of 15 Billion Meters Of Gold
Chapter 233 Financing 1.25 Billion Meters Of Gold, Valuation Of 15 Billion Meters Of Gold
This time there are two more domestic venture capital institutions.
One is Zhongxin and the other is Qiming Venture Partners.
Not much to say about Qiming Venture Partners. Like Shenzhen Venture Capital, they are both domestic private capital venture capital institutions.
And Zhong Xin’s background is much more diverse.
This is a national opening window approved by Duke Deng in 1979, with a distinct official background.
After years of development, it has developed into a large-scale comprehensive multinational enterprise group with both finance and industry.
The leaders of the company are all ministerial-level leaders with administrative levels personally appointed by the state.
Lu Yi naturally welcomed Zhong Xin's arrival.
Zhong Xin, that represents the official.
Zhongxin becomes a shareholder of Future Technology, and then Future Technology will really have a big backer behind it, and it will be an invincible one.
Under the warm welcome of the Hilton hotel manager, Lu Yi led a group of people to the conference venue.
After all investors arrived, the conference door was closed.
Raise funds privately, negotiate and discuss, and have the right to disclose or not disclose to third parties.
Lu Yi first exchanged greetings with old acquaintances present and chatted with the investors present for a while before getting down to business.
first.
Lu Yi made way for 657 Qi to briefly describe the current operations of Future Technology and its development vision for the future to the investment leaders present.
It was mainly mentioned that in the near future, the company will launch a new business - audio and video business.
This also adds a bargaining chip to increase the company's valuation.
at the same time.
It also tells where the money from this D round of financing will be used.
at last.
Lu Yi personally said that if nothing unexpected happens, this D round of financing will be the company’s last private fundraising.
In the next six months to one year, in addition to consolidating and maintaining its existing products, Future Technology will prepare for the IPO, which will be scheduled for next year.
Future Technology will prepare for the IPO process, which is what investors present most want to hear.
Because only when Future Technology is listed on the market, can the Future Technology equity they hold be truly converted into money.
If Future Technology does not go public, the equity they hold will be just a paper valuation.
As for Lu Yi's plan to develop audio and video business, heads of institutions such as Goldman Sachs and Morgan have long known about it.
Because the Future Technology Board of Directors has been established, things like this need to be discussed by the board of directors and their people will naturally report the specific situation to them as soon as possible.
Speak the truth.
In fact, they are not optimistic about the future expansion of technology into audio and video.
But Lu Yi's operations have never failed before, so they didn't object.
One is the fear of being slapped in the face.
Second, it is useless to object.
If Lu Yi is really pissed off, it would be wrong to just kick them out.
There are not too many institutions that want to take over future technology equity.
They all still feel that the shares they hold in future technology are not enough, and they are thinking of ways to increase their holdings and how they can sell them.
so.
Although he was suspicious, he didn't say anything more.
There is not much else to discuss.
They can clearly see the development momentum of future technology, and they will not doubt that investing in future technology will fail.
So we quickly entered the specific negotiation process.
This investment was led by Goldman Sachs, Morgan Stanley and Zhongxin.
Goldman Sachs and Morgan are the world's top investment banks and are not short of money, while Zhongxin is backed by the government and is also not short of money.
Obviously.
Before the start of this financing negotiation, the heads of these institutions met and discussed.
Whoever leads the investment will follow.
Naturally, these must be discussed in advance, and the shareholding ratios of each of them have been discussed in advance to avoid wasting time by wrangling.
Because the institution that leads the investment contributes the most money, it naturally gets more equity.
Goldman Sachs, Morgan and Zhongxin naturally want to lead the investment alone, so that one company can take at least 3.5% of the equity.
But obviously.
The three parties argued about this, and no one was short of money.
"In this D round of financing, Future Technology sold 8.3% of its equity (ccaf) and raised 1.25 billion yuan." Lu Yi said.
"What?"
The capital institutions present were stunned when they heard this.
Because according to Lu Yi, that means that the future valuation of technology after financing will reach 15 billion meters.
In other words, the pre-financing valuation is 13.75 billion gold.
There is a relatively large gap in analysis estimates.
Huang Xing from Shenzhen Venture Capital even smiled bitterly when he heard this.
Based on this valuation, it means that 1% of the equity is worth 150 million gold.
0.1% of the equity costs 15 million yuan.
He also said he was ready to bite the bullet and get the next 0.2% stake.
result.
The little money he squeezed out through gritted teeth could only earn 0.1%.
If converted into RMB, it would be equivalent to 120 million yuan to obtain 0.1% of the future technology equity.
How many billionaires are there in the entire Dragon Kingdom now?
The person in charge of Goldman Sachs immediately shouted: "Mr. Lu, we admit that the development momentum of future technology is very strong and has great potential, but the valuation after the D round of financing is 15 billion meters. This... is artificially high.
"Not only is it high, it's ridiculously high!"
The person in charge of Morgan took over the topic and started yelling.
Although they are rich, they cannot be taken advantage of.
"Our internal analysts have audited and estimated that the pre-financing valuation of Future Technology is at most 11.5 billion gold, and after financing, it will be around 13 billion gold. And when you ask, it is 15 billion gold, which is a total overestimation of 2 billion gold. !”
"I bought one, but with all due respect, you are robbing money!"
This is not only the voice of Morgan and Goldman Sachs, but also the voice of other investment institutions.
Although the development momentum of future technology is unparalleled, they cannot refute it. Both Wall Street and Silicon Valley are very optimistic about it.
But this is still based on paper data, not financial reports!
If these picturesque data were real profits, there would be nothing to say.
Not to mention the valuation of 15 billion meters of gold, even if it is 50 billion meters of gold, they will not say no!
But after all, data is data, and profit is profit.
No one can guarantee 100% that the beautiful data of Future Technology’s products will truly turn into high profits!
If the monetization ability of these data is not that high, then wouldn’t their investment be risky?
Financing at this stage is no longer the hundreds of thousands or millions of dollars in angel rounds and A rounds, but hundreds of millions!
If the investment really fails and loses money, even capital giants like Goldman Sachs and Morgan will be very stubborn.
Of course, Lu Yi also knows that the valuation of 15 billion meters of gold after financing is somewhat exaggerated.
But this is the last financing for Future Technology after all, and he is also betting on who can withstand it first.
"The valuation after the D round of financing is 15 billion yuan, and Zhongxin recognizes and accepts this valuation."
"If Goldman Sachs and Morgan can't accept it, it doesn't matter. Zhongxin and our family can also lead the D round of financing."
at this time.
Zhong Xin, the person in charge, spoke this time. .