July.

In an office building in the magic capital.

"Lao Huang, I see that Zhang Yida has made a group shopping product called "Pindodo", which has become popular on WeChat.

What do you rely on 0 yuan to buy toilet paper and laundry detergent, which has pulled millions of people's heads.

Do we want to follow the trend and make a group shopping product out?

We are now fighting for good goods, only buying fruits, the product is still too single, and there is little hope for it to become bigger. ”

A subordinate suggested to Huang Zhen that it has been a few months since Pindodo was launched, and the products are getting richer and richer, and the momentum is getting stronger and stronger.

"Hmm...... Their skills are not high, our good goods are originally for group buying, as long as we expand more categories, it should not be worse than them.

It's this kind of money, it's really not as good as others. ”

Huang Zhen said with a smile, and a trace of gloom flashed in his heart.

In high school, he was sent to Zhu Kezhen College of Zhejiang University, apprenticed to business leader Duan Yongping, had lunch with Warren Buffett, and instructed Ding Sanshi Technology......

But now, the high is not the low.

Huang Zhen joined Google after graduating with a master's degree in 04 and obtained a lot of options, which is also the origin of his first pot of gold.

After resigning from Google in 07, he began to start his own business, and successively founded a number of companies such as mobile e-commerce, e-commerce agency operation and games.

But entrepreneurship has not been successful, although the family has surpassed the vast majority of people, but it is still far from what he is pursuing.

"Lao Huang, don't be discouraged. The resources around you are still abundant.

As long as our good goods are done, are you afraid that you won't be able to get financing?

Zhang Yida has not raised funds step by step to start his business. We don't have to scare him. ”

The subordinate comforted Huang Zhen.

"It's not that he's scared, it's that he has a first-mover advantage over us. We can raise money, but Zhang Yida is not able to raise money.

I'm worried about falling behind one step and falling behind one step at a time.

Since we want to transform into a full-category group e-commerce, we must go all out to close the gap with Pinduoduo as soon as possible. ”

After Huang Zhen made up his mind, he began to call his mentor Mr. Duan, ready to pull some investment.

"Xiao Zhen, you haven't called me for a long time, what have you been busy with lately?"

Duan Yongping on the other end of the phone was still in the United States on the other side of the ocean, and was lying on a deck chair by the beach basking in the sun at this time.

In 01, he immigrated to the past, and only returned to China twice a year to participate in the board of directors of the step-by-step group.

For Huang Zhen, a disciple, he still values it very much. Otherwise, I wouldn't have taken him to Warren Buffett's luncheon back then.

"Master, I'm doing a group shopping startup project now......"

Huang Zhen told Duan Yongping about the mode of group shopping on the phone.

"Hmm...... Your business model is good, you have a chance to succeed, take advantage of it.

By the way, isn't there a shortage of entrepreneurial capital? ”

After listening to Huang Zhen, Duan Yongping, who has excellent business vision, immediately saw the advantages of this group purchase model - cheap.

Don't look at the fact that China's current reform and opening up achievements are very remarkable, but Duan Yongping is very clear that after all, it is not a developed country, the population base is there, and the market for high-quality and low-cost commodities is very large.

"Well, it's just that there is still a bit of a shortage of funds. We also have a difficult competitor to deal with, his name is Zhang Yida, and he has a fintech company with a valuation of 10 billion US dollars......"

Huang Zhen told his mentor about Zhang Yida's entrepreneurial experience and family background.

"Only 20 years old? That's pretty remarkable. To be able to do such a big business, ability and wrist are indispensable!

Xiao Zhen, the other party is not inferior to you at all. Whether it's personal connections or brains, it's no worse than you. You're a fierce enemy! ”

After listening to Huang Zhen's talk about Zhang Yida's heels, Duan Yongping sighed, there are talents in the domestic generation.

"I'll talk to Ding Sanshi again, let him join one too, and we will each invest an angel investment for you. ”

The stock price of the pig factory fell below $1 in 01, and it was Duan Yongping who helped Ding Sanshi hold it up, so they had a good relationship with each other.

Of course, Duan Yongping did not suffer a loss, and the stock that started with $1 rose to $70 in more than a year......

Ding Sanshi is also one of the Internet tycoons in China, and Duan Yongping is ready to call each other to give his lover a strong momentum together.

Relying on the past network resources, Huang Zhen's Pinhao Goods completed the angel round of financing.

With abundant development funds, Huang Zhen led the team to fully transform into a full-category group buying e-commerce.

……

"Mr. Zhang, the SEC has passed the review, and the listing period is set for the 20th of this month. ”

Fan Hongyang happily came to report to Zhang Yida, and he was accompanied by Mr. Robert of Goldman Sachs.

Robert said: "Mr. Zhang, we have to hurry up the roadshow, there are less than two weeks to be listed." ”

At the same time, Robert handed Zhang Yida a report and said:

"The IPO issuance size is set at 30 million ADSs, and the issue price range is $22.5~$25.

1 ADS = 5 ordinary shares.

The total number of shares before the IPO is 1 billion shares, and after the issuance is 1.15 billion shares, and the underwriters exercise the over-allotment right, the maximum is 1.1725 billion shares.

Based on the upper limit of the issue price range of US$25, if the underwriters do not exercise the over-allotment option, the amount of Yimin.com's golden gross financing (excluding listing-related expenses) will be US$750 million;

If the underwriters exercise all the over-issuance rights, i.e., Yimin Netgold will issue 34.5 million ADSs, with gross financing of US$862.5 million. ”

Zhang Yida took the report handed over by Robert, looked at it, and asked, "How many times is the price-earnings ratio?"

"18 times ~ 20 times, which is not low. The PE multiple of financial stocks is generally not high, generally 5-10 times.

Considering that Yimin Metal has a high-speed growth in the Internet finance industry, it was finally determined to be this multiple.

If it is higher, it will be embarrassing if it cannot be issued. ”

Robert said with a smile that the Yimin Netgold handled by him can be regarded as a large-scale IPO, and the underwriting commission alone has tens of millions of US dollars, which is a good deal, and he can also get a lot of bonuses.

Zhang Yida is also calculating in his heart, Yimin Netgold's financial report for the Q2 quarter of 15 years has also been audited and reported to the SEC, compared with the first quarter, there is an increase of more than 45%, reaching 456 million yuan.

Coupled with the net profit of 314 million yuan in the first quarter of Q1, the total net profit of Yimin Netgold in the first half of 15 years is 770 million yuan, and the market value is 27.72 billion yuan ~ 30.8 billion yuan based on the dynamic price-earnings ratio of 18-20 times.

The current exchange rate is 1 US dollar: 6.2 yuan, which is converted into US dollars, and the market value of Yimin Wangjin is between 4.47 billion US dollars ~ 4.97 billion US dollars.

The final post-listing figures will also vary depending on the exchange rate, the roadshow situation, and the exercise of the over-allotment option.

……

"Mr. Zhang! Yimin Netfinance is about to be listed, I heard that it has been established for less than two years, right?

It's like riding a rocket.

If Shake is going to be on the market so soon, I can wake up laughing in my dreams. ”

On the plane, Ma Jun said with a smile that he went on a business trip to the United States this time, and he walked with Zhang Yida who went to the United States for a roadshow.

Huang Xiaofeng, who was sitting next to Ma Jun, interjected: "Mr. Ma, I believe you will be able to wait for this day soon."

Which of Mr. Zhang's companies is not developing fast? I guess the next one to ring the bell will be Shake Vision. ”

"We're slow! Huimin Bicycle is called fast.

I guess the next bell ringing will definitely be Huimin. ”

Ma Jun is more modest, the current popularity of Shake is far from being compared with Huimin Bicycle, people are about to become a national application, Shake is just starting, musical.ly is a little better, but it is not enough to reach others.

Zhang Yida turned his head to Ma Jun and said:

"Ring the bell, that's it. Listing is not the end of entrepreneurship, it can be seen as another starting point.

It's just like Xiuzhen in the novel, after you ascend, it's time to change planes, and then continue to fight.

Musical.ly Didn't you top the Apple Store list this month?

I'm going to upgrade my North American office and turn it into a North American branch.

Taking advantage of this momentum, we have to invest more resources to increase the number of users in the musical.ly. ”

"Well, Mr. Zhang, you're right. Musical.ly is to take advantage of the victory to pursue a wave and completely open up the situation in the United States. ”

Speaking of Musical.ly, Ma Jun is proud, his overseas products topped the first place in the Apple Mall, and he also suppressed the overseas giants, which is the only one in China.

Recently, various media reports and various honors have been added to Musical.ly head, what is "the most successful product going to sea", "the light of China", "the best Internet company in China", ...... Took a large number of titles.

At the same time, Ma Jun regretted it in his heart, Musical.ly sold early.

Now, Musical.ly definitely has the potential to be a unicorn.

But the matter has come to this point, I can only honestly contribute to the company and take more shares.

Therefore, Zhang Yida went to the United States this time and asked Yang Lu and one of the two of him to send one of them to the United States, stationed in the United States, and was responsible for the development of the local market.

In order to earn more performance, Ma Jun volunteered to sign up.

"Mr. Huang, what are you doing in the United States?

Ma Jun glanced at Huang Xiaofeng and asked.

Huang Xiaofeng glanced at Zhang Yida, and Zhang Yida nodded and motioned for him to speak.

Huang Xiaofeng said: "Yes! Open up the American market. ”

"Shared bicycles go to sea? So good? If you put shared bicycles all over the world, at least tens of millions of them will be put into the world!

The number of users is also expected to reach several hundred million. That's a multinational Internet company. ”

Ma Jun said with some surprise, glanced at Zhang Yida with admiration, and said in his heart: This Mr. Zhang is really ambitious, and all his companies will go to sea and become a large multinational group.

"Wrong! It's not just bike sharing. Huimin Bicycle wants to do business all over the world.

But it will be measured according to the situation of each country and each region.

For example, the United States is not particularly suitable for bike sharing. I think the "sharing scooter" is more suitable!"

Ma Jun felt that this brain hole was quite big, in addition to "sharing bicycles" and "sharing cars", even "sharing scooters" came.

"Don't think I'm, I'm serious. The roads in the United States are not particularly suitable for bike sharing, and coupled with the influence of rain and snow, pedals will not work.

Just as China is a big cycling country, the United States has a very strong skateboarding culture. ”

In the previous life, shared electric scooters were particularly popular in Europe and the Americas, and many unicorns have emerged in this field, many of which have also received investment from giants such as Uber and Google.

Zhang Yida plans to set up a shared electric scooter company in the United States, which is listed under the banner of Huimin Bicycle.

Many companies in Europe and the United States went to China to conquer the city, and Zhang Yida also wanted to give them a "straight smash Huanglong".