"As we all know, our biggest competitor in China, New Dream Group, has put forward a plan to be listed on the U.S. market, and from the current market feedback, the plan of New Dream Group is going smoothly, and if nothing else, it may be able to land on the U.S. stock exchange in 2005. Long Yu said, "This is a very serious challenge for us in Baibao Group. If we don't react in time, then our position in the domestic market will be immediately lost. In the future, when we discuss the domestic Internet market, we will not be placed alongside our group and New Dream Group, and they will leave us far behind. So this time, I am determined to let Baibao Group be listed on the domestic stock market as soon as possible, at least in the domestic capital market, one step faster than New Dream Group. As long as we can successfully go public, we will have a chance to turn defeat into victory, which is the purpose of our emergency meeting this time. ”

Nearly 100 people sat at the venue, among which the management of Baibao Group was all present, and the senior management of Baibao Group began to discuss.

Whether Baibao Group should be listed has actually been debated within Baibao Group for a long time, and it is not a new topic.

However, as to whether and where it should be listed, Baibao Group has never had a clear internal positioning.

Some people believe that it is too early for Baibao Group to seek listing, after all, the whole group is in a period of rapid development, and there is still some room for development from entering the stage of stable business platform.

In this case, an overly hasty listing is not conducive to Baibao Group's pursuit of a high valuation. These group executives also hold a percentage of the Baibao Group, and for them, the higher the value of the shares, the greater the wealth they have on hand.

Therefore, from the perspective of pure personal interests, they do not want Baiba Group to go public in the near future, but to wait for a better time to go public.

But for Long Yu, the situation is completely different. For an Internet conglomerate of the current size, wealth is only part of the equation. Longyu needs to consider more about Baibao Group's position in the future international Internet economy and its reputation in the industry.

If your group company does not plan to go public, then it may fall behind the New Dream Group. With the rapid internationalization of New Dream Group, it is possible to widen the gap with Baibao Group in the future. It will be more and more difficult for Baibao Group to catch up again, and this is not a simple matter of money, but a complex strategic issue.

The crowd at the scene began to discuss......

"I think from a cash flow point of view, Baibao Group is not short of money at the moment, and if we go public in a hurry in this situation, we will have a lower starting point. In terms of stock market capitalization, it can only be regarded as a medium-sized listed company, and it only has influence in the Internet sector. If you look at the entire stock market of our group, our overall meaning will be at the middle and lower levels. ”

......

"It's not impossible to go public, but I think our IPO goal should be on the international market, after all, New Dream Group has fulfilled its ambition to list in the U.S. market. If we are only listed in the domestic market, we will be one step behind. But at present, we have the strength, and we are not even as good as New Dream Group in the international market, so the possibility of us listing in the American market in the near future is almost zero. ”

......

"It is not without benefits to be listed in the domestic market, at least in the domestic Internet market, we are a well-deserved leading stock. And if we are listed on the American market, we can only move up to the middle and lower reaches at best. Therefore, although New Dream Group has slowed down its plan to list in the U.S. market, I am not optimistic about their overall market value after listing. After all, foreign securities markets are more mature, and there are fewer opportunities for speculation, so maybe they will stagnate for a long time. ”

......

"I think it is also beneficial to be listed in the domestic market, after all, we are familiar with the domestic capital market and have a certain ability to control it. As long as we operate it properly, we can increase our market value several times in the future. And once in the international market, many factors are out of our control. So don't look at the new dream group now shouting out bold words, the future situation may not be better than ours. ”

......

Everyone's discussion made Long Yu look a little upset.

He has always felt that he is not bad in terms of strategic vision, but compared to Li Feng, it is a notch behind. No matter what new ideas he came up with in the Internet field, Li Feng seemed to be faster than him, and he did it better than him, which made Long Yu feel both admired and worried.

It can be said that in today's international Internet field, there is almost no one to compete with Li Feng. Li Feng seems to have a natural acumen to be able to perceive the direction and trend of deep-seated changes in the Internet field, and this keen insight is unique.

So if you want to compete with the New Dream Group, you will already lose at the starting line.

Therefore, this time, Longyu plans to be listed in the domestic market, in order to get rid of the trend of followers and find a path suitable for the development of its own group. If you always follow behind the new energy group, you will be shrouded by Li Feng's shadow for a long time, and there will be no chance to surpass him, which is why Long Yu has to make up his mind to start the listing plan.

After listening to everyone's analysis, Long Yu stood up, walked a few steps back and forth on the huge venue, and said: "Everyone's analysis just now is very reasonable, but we need a unified opinion to plan the next direction of our group's action. I think that at present, we have reached the crossroads of development. No matter which direction you go in the future, there are two possibilities: success or failure. We have to choose one direction and take the first step. I think the first step is to start our listing plan, and if we start the listing plan in the domestic market now, then we could go public as soon as early next year, and by that time, we will have a very large cash flow that will allow us to start multiple huge strategic initiatives at the same time. This will be a new stage of development for our group. Moreover, as a leading stock in the domestic Internet market, we will also be able to obtain multi-faceted support from the domestic market. ”