"We intend to file a prospectus in the near future. ”

Zhang Yida's face was calm, and he didn't seem to be happy at all about the upcoming feast of wealth.

This made Li Xiaojia secretly surprised, this is the material for doing big things, and his joy and anger are invisible.

"What is the expected size of the IPO?"

Li Xiaojia took a sip of tea and asked lightly.

This issue is related to the income of the Hong Kong Stock Exchange and the influence of the ball trading market, which he attaches great importance to.

The Hong Kong Stock Exchange is not only an exchange, but also a listed company, and is a profit-making institution.

In addition to charging hundreds of thousands or millions of initial listing fees for listed companies, it will also charge annual fees to listed companies every year, which range from hundreds of thousands to millions of Hong Kong dollars per company, depending on the size of the company's issued shares.

Of course, the biggest source of income is the securities transaction fee, which is not high, 5/100,000.

Taking penguins as an example, a daily trading volume of HK$3.04 billion can bring HK$150,000,000 to the Hong Kong Stock Exchange every day.

Sixty or seventy million a year doesn't seem like a lot, but it's a toll

Harvest every day, every year, isn't he fragrant?

Although Ruixiang is not as large as Penguin, it has been internally assessed by the Hong Kong Stock Exchange that it can reach at least half of the trading volume of Penguins, and it is also possible to attract new investment from other regions to the Hong Kong Stock Exchange to speculate in stocks.

It is equivalent to a good company listed on the Hong Kong Stock Exchange, attracting new passenger flow to the Hong Kong Stock Exchange.

In addition, Ruixiang is a benchmark Internet company to be listed on the Hong Kong Stock Exchange, which will also attract technology companies from the mainland and even other countries to list on the Hong Kong Stock Exchange, which has a very important demonstration role.

In addition to these, the Hong Kong Stock Exchange has some additional ways to make money, such as number selection.

Like Penguin's stock code 00700, Ahri's previous listing on the Hong Kong Stock Exchange code 01688, such codes are Geely numbers that are bought with extra money.

If you don't want to pay, the system will allocate one, maybe you don't like it.

But for large companies, especially domestic companies, who doesn't want to pick a good number.

After all, going public is a big thing to make billionaires, so what's the point of spending millions more to choose an account.

This is the same as a luxury car with a good license plate, what you want is to save face.

The HKEX's own code is also a Geely number, 00388.

Zhang Yida replied with a smile, "It is estimated to be 26.028 billion US dollars"

Li Xiaojia paused for a while, and then came back to his senses and asked, "Mr. Zhang, are you serious?"

Zhang Yida spread his hands and laughed: "Do you think I'm joking?"

"That's the biggest IPO in the history of the ball. ”

Li Xiaojia's tone was not very calm, this was to shock the world

Zhang Yida waved his hand, "At most, we will press Ahri, isn't there still a Saudi Aramco with a market value of 2 trillion US dollars, at least 10 billion US dollars." ”

Li Xiaojia shook his head, "The scale is too big for the market to eat." ”

Shen Beipeng interjected at this time, "Do you mean Saudi Aramco or Ruixiang." ”

Li Xiaojia looked at Shen Beipeng and said sincerely, "I can't eat both."

Last year, the Hong Kong market raised a total of US$3,656.3 billion in IPO financing, making it the largest market in the world.

Ruixiang wants to raise US$26.028 billion on the Hong Kong Stock Exchange, which is somewhat difficult.

Unless the issue price is controlled, leave some room for imagination, so as to attract as many investors as possible. ”

Shen Beipeng felt happy and troubled at the moment, how to choose, turned his head to look at Zhang Yida, and wanted to hear the latter's opinion.

"As the most successful Internet company in China, Ruixiang is enough to attract investors. ”

Li Xiaojia nodded, "I admit it, but considering geopolitical issues, Ruixiang actually has a lot of hidden worries."

I can see this, and some institutional investors can see it as well.

If the price is too high, it is easy to discourage them from investing.

And if you only look at the basic market, it is the second financial technology company, the second e-commerce company, and the second largest entertainment company.

Putting ICAY aside, Ruixiang is only the second in China in all sectors, and it is not a leading stock. ”

Although this is straightforward, Zhang Yida has to admit that this is the truth.

Ahri and Penguin's business fundamentals that have been operating for 20 years are not so easy to break.

"There are two sides to everything, we have an e-commerce that Penguin wants to have but has not been able to do, and there is a big entertainment sector that Ahri has burned tens of billions of dollars but has not succeeded.

These two swords in our hands pose an unprecedented threat to the two giants.

Today, the two giants are ahead of us for a while, but in the future, it may not be the same in three or five years. ”

Li Xiaojia smiled, "Mr. Zhang doesn't need to explain too much, Ruixiang is a good company, there is no doubt about it."

In order to ensure the normal listing of Ruixiang and achieve the ideal fundraising, let's return to the topic.

The amount of funds raised and the pricing must be rounded off. ”

"What if the Science and Technology Innovation Board is allowed to undertake part of the fundraising?"

Zhang Yida suddenly remembered that the Science and Technology Innovation Board was going to officially have a company listed at the end of the month

If the big A shares share part of the pressure, the pressure on the fundraising side of Hong Kong stocks will be less

"AH Listing"

Li Xiaojia was a little hesitant, from the bottom of his heart, he definitely wanted to leave Ruixiang in the Hong Kong Stock Exchange.

But it's too big to eat.

However, Li Xiaojia also appropriately raised his own questions: "There is no company officially listed on the Science and Technology Innovation Board, and the future situation is not easy to say."

Zhang Yida didn't think much of it, and replied with a smile, "You see, the Science and Technology Innovation Board is now also engaged in a registration system and allowing different rights of the same shares.

And there is no upper limit on the rise and fall of the first five trading days, and the limit of the rise and fall after five trading days is 20.

Compared to the original, it has been improving. ”

Li Xiaojia said with a smile: "It's too early to talk about this, at least we have to officially open the gates to know the level of financing." ”

After a pause, Li Xiaojia persuaded again: "In addition, does the Science and Technology Innovation Board allow the listing of AH shares, and the companies that plan to IPO have not heard of anyone doing this."

"Then we'll be the first to eat crabs."

Zhang Yida said with a smile, "I'll get in touch with the regulators when I go back, they should be very welcome to Ruixiang." ”

Li Xiaojia saw that Zhang Yida insisted on doing so, and he no longer persuaded him.

Instead, he emphasized, "If the weight of the share capital is concerned, it should be more H shares."

Our market is more mature, and it shouldn't be much of a problem to raise $20 billion. ”

Zhang Yida nodded, he agreed with these words.

If you really want to raise more than 200 billion yuan from the Science and Technology Innovation Board at one time, it will definitely be difficult.

After all, this trading market has just emerged, and investors and brokerages are waiting and seeing.

In addition to resolving the problem of fundraising, the choice of dual listing can also diversify the risks brought about by the fluctuation of a single capital market.

In addition, the stock exchanges in Hong Kong and the mainland have their own investor groups, and the dual listings can rapidly expand the shareholder base, improve the liquidity of shares, and enhance the ability to raise funds.

The most important thing is that the valuation of the science and technology innovation board is high