Rebirth 2008: I Can Make Money Reading

Chapter 424 The final valuation is 180 billion US dollars

On August 5th, Yang Nian, the president of Xinghai Investment Company, returned to City H to report to Mu Yang on the work of the investment company and the financing negotiations of the overseas Hummer Company.

In the early stage of financing, Yang Nian and his team made initial contacts and negotiations, and Mu Yang had to sign the final decision.

Yang Nian knew Muyang's intention to transfer the overseas Hummer company, so she specifically looked for investment institutions willing to buy shares, not just financing.

Overseas Hummer companies are not short of funds, what will the financing be used for?

There are plans, such as adding Hummer branches in other countries, expanding factories, and building charging piles in North American cities.

It's just that Mu Yang is not willing to use his own money to help the beautiful country build infrastructure.

But there are some things that have to be put on a show, less construction, who told him to earn money from foreigners.

Yang Nianhui reported: "Chairman, several evaluation agencies, estimate the value at 160 billion US dollars to 170 billion US dollars, the fixed assets of overseas Hummer companies are not many, and the total investment before and after is only more than one billion US dollars.

If overseas Hummer companies do not enter the field of low-end new energy vehicles, it is difficult to ensure that the Hummer EV model will continue to sell well. "

"Well, there is no model that can guarantee popularity for a lifetime. If it can be popular for three or four years, it will be very powerful. Car companies will continue to optimize. Every one or two years, it will be two or three years later to release a new model;

After the current Hummer EV sales are exhausted, a smaller Hummer EV will be released.

As for the low-end market, we will not enter it for the time being. This will reduce the brand influence of Hummer, and old customers will protest. "Mu Yang feels that even if a smaller Hummer EV is produced, the price is still high, and ordinary people still cannot afford it, and it is only 20,000 to 30,000 dollars cheaper.

If it is sold cheaply, it will have an impact on brand power.

The well-known luxury brand BALI family launched a bag that looks like a garbage bag, and it can sell for more than 10,000 yuan. If it sells for a few hundred yuan, no fans will buy it.

To put it bluntly, some customers who have spent hundreds of thousands of dollars on Hummer EV do not want to be confused with those who only spent tens of thousands of dollars, and feel ashamed.

Launch high-end cars first, and then gradually launch mid- and low-end cars. Consumers think this is a high-end brand;

If the order is reversed, consumers think it is a low-end brand.

Tesla is much more shrewd. First, it will launch the Model S worth more than one million yuan, then the Model 3 and Model Y worth about 300,000 yuan, and finally the more cars worth about 200,000 yuan.

In fact, in terms of quality, it is far inferior to domestic cars of the same price.

However, Tesla disrupted consumer perception.

However, domestically-produced cars Zheli and BYD have launched more than 300,000 cars, which are difficult for the public to accept, and it will take a long time. After the word-of-mouth operation is established, it overturns the national perception of domestically-produced cars.

After talking about the Hummer company, Yang Nian reported on other investments.

At present, the investment company's assets have exceeded 50 billion yuan, excluding the shares of the new energy company.

Yang Nian originally held 1.1% of the shares, which she paid for herself;

After this year, Muyang rewarded her with 0.5% of the shares to motivate her efforts in the past few years.

Yang Nian is fully in charge of the investment company, while Mu Yang is completely hands-off shopkeeper.

Yang Nian's ability is very good, and he is loyal to himself, this is the most important thing to Mu Yang, otherwise he would not trust to entrust this company to her management.

Mu Yang recalled what happened a few years later, and suggested: "You can invest in the medical and biological industry, but it is only for the basic type, and those unreliable medical research may not necessarily see results after ten years of investment.

However, we invest in medicine not only to make money, but also to support the development of medicine. As for whether you can make money, it depends on luck. "

Mu Yang really wants to tell a joke, those who sell water don't make money, and those who sell water can become the richest man.

Now that he said that, it is estimated that many people would not believe it.

Of course, maybe someone became the richest man, and the main wealth is not from selling water companies, but selling water can indeed make money.

Yang Nian recorded what Mu Yang said, and after asking clearly, he confirmed: "Well, we will choose a more reliable company."

Mu Yang nodded, he didn't need to emphasize anything about the investment company.

Investing is actually investing in people.

If Mu Yang said he didn't pay much attention to the overseas Hummer company and let it develop, then its valuation would be greatly discounted.

Yang Nian knew the truth, but Mu Yang knew that she knew better than himself, so he didn't want to talk about the truth.

After reporting to work, Yang Nian started to get busy with the listing of the overseas Hummer company.

The first is to transfer the shares, and at the same time choose an intermediary agency to be responsible for the listing affairs.

It is impossible for Xinghai Investment Company to be responsible for all the affairs of the listing, neither technically nor in terms of resources.

Intermediaries are generally investment banks, accountants and auditors, and law firms.

Overseas Hummer company plans to list on Nasdaq, which is to choose foreign investment banks;

Accountants and auditors generally use the Big Four accounting firms, namely PriceWaterhouseCoopers, Deqin, Pimawei, and Yuyong.

In Yang Nian's words, which intermediary agency to choose depends on their technical level. It mainly depends on the team members who are inspecting the other side, what successful listing experience they have, and how much resources and energy they are willing to invest in it to ensure the successful listing of overseas Hummer companies. And the efficiency is fast, it is the best intermediary organization.

No matter whether the listing is successful or not, these intermediary agencies need to pay a lot of fees, and the fees are charged according to the complexity and number of work, not based on the high valuation of Hummer.

Of course, if the capital verification is high, the fees will naturally be higher in proportion.

For the listing of the overseas Hummer company this time, the audit fees and legal fees for the accounting firm will not be less than one million US dollars.

Finally, a lot of underwriting fees must be paid to the distribution agency securities companies. The underwriting fees are generally between 5% and 8% of the total funds raised by the company's listing, rather than based on the company's market value.

Of course, this ratio is not fixed, it depends on the specific situation.

If the overseas Hummer company plans to raise US$40 billion in listing this time, the amount of financing will be very large, and the underwriting fee ratio will be very low. It may only need about 1%-1.3%, or even less than 1%, which is normal.

For example, GUO Tai Junan will be listed in the next two years, with an initial public offering fund of 30 billion yuan, and the issuance fee will account for 1.31%, which is close to 400 million yuan.

Another example is the listing of Shangji CNC, with only 1.01 billion yuan in the initial public offering funds, and the distribution expenses accounted for a terrifying 15.97%!

In fact, there was no 1.01 billion yuan in hand, and only 840 million yuan after excluding expenses.

Why is the cost so high?

The main reason is that it is relatively difficult for this company to go public. Everyone is not optimistic about it or the initial price is set very high, which makes distribution much more difficult, and the fees are naturally much higher.

Naturally, this fee was not taken from Mu Yang, but from the funds of the widow.

Of course, the lack of funds in the few collections is not good for the company, and Mu Yang's own interests are also lost.

From August 8th, Mu Yang signed the share transfer agreement of overseas Hummer Company with various investment institutions in Xinghai Group.

In a word, he just doesn't go abroad, and if he has the intention of cooperation, then please come to Huaguo for a tour.

The valuation of overseas Hummer companies has also been fixed.

180 billion dollars!

This valuation is indeed relatively high, and those investment institutions who want to eat a piece of cake are also helpless and have to accept this valuation.

Before the IPO listing, Muyang plans to transfer 30% of the shares personally.

20% of IPO public financing, at that time, his 70% shares will be diluted to 56%.

In other words, he can get 54 billion U.S. dollars, which is equivalent to ten years in business.

No, in fact, Mu Yang still has to pay the tax of TMD.

If it is domestic, it is a windfall income. Like winning a lottery, the personal income tax rate is 20% instead of 45% of that salary.

Moreover, the beautiful country adopts different systems for foreign companies and domestic companies, because it does not want capital to flee.

In order to avoid paying more taxes, tax avoidance measures will also be taken, capital reinvestment or purchase of materials.

But the tax that should be paid still has to be paid. The beautiful country has no way to take Muyang, but there is a way to sanction the overseas Hummer company.

No matter what, the benefits that Mu Yang obtained from it were so great that he could not reach a height in the past few years, and he still obtained it from the beautiful country.