Things have changed too quickly in the past two days, and the city's international trust and investment company has made the executives of Shanghai Pudong Development Bank look stupid, and the two major factions of the chairman and president have not reacted, and the matter is over.

"What's the situation! Didn't you Citibank say that it has communicated with a lot of small shareholders, and they will sell their shares to you, and then your Citibank will become the largest shareholder of SPD. What's going on now, all the shares are in the hands of the International Trust Company?" asked the chairman of Pudong Development angrily, and sitting opposite him was Hank, the representative of Citibank.

Hank's face was also full of depression, "I inquired, it was a direct order from your Municipal State-owned Assets Supervision and Administration Commission, requiring them to transfer their shares to the International Trust and Investment Company. ”

"Then what does the International Trust and Investment Company want to do when it takes so many shares?" the chairman continued to ask.

Hank spread his hands and said helplessly: "I don't know, the International Trust and Investment Company has always been very mysterious, and I don't know their people." ”

In fact, the chairman has dealt with Mr. Liu of the International Trust and Investment Company several times, but the two have an average friendship and are not familiar with each other.

After such a thing happened this time, the chairman also made a phone call to Mr. Liu after inquiring in many ways to no avail, but unfortunately, Mr. Liu did not disclose any news to him.

The chairman of the board of directors had an ominous premonition that his position was originally assigned by the organization, and he could be regarded as a "tool man" of a state-owned holding bank. Originally, after the bank's share reform, he wanted to transform himself into a real shareholder of the bank, even if it was only a small shareholder, which was much better than being a "tool man".

What's more, Citi has promised that as long as Citi can control the Shanghai Pudong Development Bank, it will appoint him as its president! As for the current President Wu, of course, he will not stay any longer.

............

Similarly, Yu Wenfei's old senior, President Wu, also learned the news.

"What! The International Trust Company has come forward? They all have seventy-eight percent of the shares in their hands now, and it is obviously impossible to keep so many of them forever, which means ...... The international trust company is going to make a big investment, and the shares of the Shanghai Pudong Development Bank will be exchanged for the shares of other companies!" President Wu is very clever and guesses accurately.

But he also doesn't know which company to replace with.

Governor Wu is also very concerned about this matter, after all, the governor who holds great power has a lot of scenery.

If he is kicked out after the bank's share reform, he can only go to the State-owned Assets Supervision and Administration Commission or the China Banking Regulatory Commission to take an idle position, he is still young and does not want to retire so early.

However, after inquiring and inquiring, I didn't find any really useful news, because this time the matter was handled by Mr. Liu of the International Trust, and if he didn't release the news, others naturally couldn't inquire about it.

............

This is why Yu Wenfei had already heard that the Shanghai Pudong Development Bank was going to carry out share reform, and he was also very interested in the shares of this bank, but he kept suppressing it and did not do it.

If you are directly involved, there are too many stakeholders, and it is state-owned assets, Citigroup and bank executives standing in line, just like a mud puddle, and if you fall into it, you will stick to your dirty water.

But if you change your thinking and press down from the top, things will be very simple.

This is simply a dimensionality reduction blow, there is no need for him to intrigue with others, the international trust directly collects all the scattered shares together, the formalities are handled cleanly, and then only the two parties need to sit at the negotiation table and discuss a price acceptable to both parties.

So things are safe......

In this financing, not only state-owned assets will be introduced, but Yuwenfei will also bring in another Wall Street capital to pave the way for the Facebook online market.

As a result, Facebook once again released the news that the company is going to launch the last round of financing before listing, and if you are interested in a powerful investment bank, please contact as soon as possible!

After the news got out, there was no doubt that the entire investment banking circle was boiling.

The development of Facebook during this period of time is obvious to all, the number of users, daily activity and these data are really in front of us, and Facebook has grown into a domestic Internet giant.

And for now, there are no competitors who can challenge its position.

Although Sina Blog has also raised funds after the year, it has long been unable to return to the sky, and has engaged in several big activities, and a lot of money has been spent, but the effect is not satisfactory. Up to now, the number of registered users of Sina Blog has just exceeded 60 million, and as for the number of daily active users, let's not mention it.

And Sohu Blog, since it was launched, almost no movement has been heard.

Sohu also sprinkled a lot of money on this website, and it is clear that the money has basically been wasted and has no effect.

This also verifies the law of the Internet industry, in every subdivision of the industry, the leading boss is making a lot of money, the second is barely living, as for the third, what awaits him is the fate of starvation, which is nothing more than a few days earlier and a few days later.

......

After a number of investment banks submitted investment intentions, Yuwenfei personally selected several shortlisted investment banks, including Citigroup, Temasek, Sequoia Capital, Goldman Sachs, Merrill Lynch, HSBC, Deutsche Bank, etc.

Although his goal is very clear, it is always wrong to choose a few more, because there must always be someone to accompany him, so that the valuation can also be raised.

It stands to reason that companies like Citigroup, whose main business is banking, rarely participate in the financing of Internet companies, and they prefer to invest in the industry, and Goldman Sachs Merrill Lynch HSBC Deutsche is the same, but this time it is different, these big banks are like sharks smelling blood, and they surround them.

This is because Facebook has already released the wind, and the financing will give priority to funds with a bank background, and Facebook will prepare for listing after financing, and the qualifications of the listed underwriters will also be given to the banks participating in this financing!

Add this condition, and the meaning is completely different.

Originally, Facebook was a "unicorn" level company, and even if the valuation is already very high, it is still profitable, but the income may not be so high.

When making investments, if there is a stable income, even if the return on investment is relatively low, it is something that everyone can't ask for.

Not to mention, while participating in the financing, you can also get the qualification of an underwriter for the Facebook online listing!

With the scale and development trend of Facebook, it should be relatively easy to reach a market value of more than 10 billion after reasonable speculation and momentum when it goes public.

Then the income of the listed underwriter is very considerable, if it is underwriting, then the income will be 1.5% to 3%!

This money is a bit exaggerated to put it bluntly, but in fact, it really doesn't require much effort from the bank, because the customers who sell their stocks are themselves the big customers of their banks.

............

It is still a large conference room on the top floor of Building 8, where Yu Wenfei, Cai Congxin, and Xue Chunhe, as representatives of the existing shareholders of Facebook, sit opposite them, including representatives of Modu International Trust and Investment Company, Citibank, Temasek, Sequoia Capital, Merrill Lynch, HSBC and other companies.

This time it is intentional contact, and it is obvious that there will not be so many families who really enter the "finals".

"Ladies and gentlemen, first of all, thank you for your trust and support for Facebook, which is the last time Facebook raised money before going public. In other words, after the end of this fundraising, we will immediately start the listing process, and the target is the American Nasdaq! Next, I would like to update you on the key data of the latest stage of Facebook......"

Cai Congxin was the moderator of the meeting and was the first to speak.

After talking about Facebook's key data, he motioned to the secretary to send the relevant information to the representatives in the conference room.

All the data mentioned here, as well as the written materials, are guaranteed to be 100% true, and there can be no water in the slightest.

Because these things will also be an important basis for investment banks to value Facebook, and after they really decide to invest, they will also conduct strict due diligence.

If the data provided by Facebook is found to be fake, then the matter is a big deal.

Before coming, all investment banks must have done their functions, but now they are just reconfirming the data provided by Facebook itself.

"For Facebook's valuation, our board of directors has considered it like this, starting with $5 billion, with everyone bidding for it, and in the end, we will only bring in two new partners. So, please be cautious about your offer. In addition, Facebook will issue up to 30 million additional shares to be distributed among new partners. Cai Congxin added again.

Facebook now has a total share capital of 100 million, and the composition of the shares is like this.

After the last redistribution, Yuwenfei continued to hold 79 million Class B shares of Facebook through Star Technology, becoming the largest shareholder and having an absolute controlling stake.

In the newly established employee share incentive pool, there are 10 million Class A shares.

SoftBank received 9 million shares, and Jiaoda Venture Capital received 1 million shares.

In addition, it is one million shares in Cai Congxin's hands, and according to his work performance, he can still get four million equity incentives before the company goes public.

This time, an additional 30 million shares will be issued, and Facebook will have a share capital of 130 million, and the proportion of shares of the original shareholders will be diluted, which is also a matter of no choice.

When Facebook actually goes public, the stake will be diluted once.

Therefore, when many Internet startups actually go public, the founders may only hold a few percent of the shares.

Only a very small number of companies, the founder can always control the real power of the company, most companies, even before the company can go public, the founder begins to fade out of the company's management, and some will even be kicked out of the company.

............

After listening to Cai Congxin's offer, there was a slight commotion in the conference room, and bidding is a relatively rare way of financing.

Under normal circumstances, it is the company that begs for venture capital, how can there be such a group, a group of investment banks begging the company to accept their checks.

This is also Facebook, and it is impossible to change companies.

There is no way, who makes Facebook as it is now, not only is all kinds of data blinding everyone's eyes, but now, this company has also been affirmed and supported by the above.

On the mainland, everyone understands what it represents.