There is no way, now the performance of Jixiang Automobile is too ordinary, but the company's financing amount is quite high, more than one billion Hong Kong dollars, a total of more than 100 million profits want to finance so much money, this issue price-earnings ratio is more than 60 times!

It's not that the Stock Exchange doesn't have companies listed with high price-earnings ratios, but you have to look at the type of company, and it's a bit of a fool's dream for an auto manufacturer to get this valuation.

Therefore, when the investment banks that contacted Jixiang Automobile saw this financing valuation, they generally shook their heads when they saw all of them.

That is, after Liang Baiheng had a deep chat with Liu Ruoyi, he had a strong interest in the mainland automobile industry, a company with the ability to build cars independently, and it can survive, which may be a little special, which makes Liang Baiheng interested and ready to contact and see first.

You must know that the big guys in the mainland automobile industry are all state-owned backgrounds, and these giants are listed now, even if Yongxiang wants to intervene, there is no play, and only these private enterprises have a chance to go public.

The boss of Jixiang Automobile was originally a little desperate, and even began to prepare for a more complicated "backdoor listing" to move around.

Of course, the road of "backdoor listing" is really not easy to walk, not only more complicated, but also very risky, if the market does not accept, Jixiang Automobile not to mention that financing is hopeless, but also may because of the huge financial cost of "backdoor listing" drag down the company's development.

Now they heard that their peers had completed the pre-IPO preparations in Yongxiang, and they immediately came to the door.

This is different from other companies. The big boss personally came to Xiangjiang to have a face-to-face conversation with Liang Baiheng, talking about the future development of mainland automobiles and the financing plan of Jixiang Automobile......

In short, after a long flicker, Liang Baiheng felt that this person was still a little unreliable, because the submitted corporate balance sheet, income statement, and cash flow statement were really lackluster for the time being, and he didn't see too many bright spots.

However, the other party's sincerity and understanding of the industry still moved Liang Baiheng, so he made a brief explanation of this matter with Liu Ruoyi, and was ready to ask Liu Ruoyi's opinion to take a look.

After all, the last time I went to Xinglong Bank to negotiate, Liu Ruoyi's confidence in the mainland economy is quite sufficient, and the automobile industry is an industry that will inevitably flourish after economic development, and Liang Baiheng is still a little optimistic about this industry.

He listened to Liu Ruoyi's words that he should not pay attention to the performance of the current company, but should be optimistic about the other party's team.

It's just that the communication between the boss of Jixiang Automobile this time is a bit exaggerated, and Liang Baiheng can't see this person, so he decided to let Liu Ruoyi check it.

Liu Ruoyi is now known for her poisonous eyes, and she may be able to see some things that she can't see.

After taking the report materials of Jixiang Automobile and looking at them briefly, Liu Ruoyi did not say his opinion first, but asked Liang Baiheng:

"What is your personal opinion on this case, Lao Liang?"

"I think they can cut into the cheap entry-level car market, this is very attractive to me, I have seen their materials, basically they are the cheapest car manufacturers on the market at the moment, with the current economic development of the mainland, this entry-level economy car market space is actually quite large.

Now the purpose of their financing is to expand production capacity and develop new models, according to their plan to double their production capacity in the next three years, if this goal is achieved, it is quite attractive. ”

Liang Baiheng honestly expressed his opinion, indeed, this company still has a set of things, and the gathering point is also very clear, which is the main reason why he can't let go.

"But the boss of Jixiang Automobile always seems to be a bit of a truth, bragging is very big, a lot of ideas, such as they will cut into the high-end car field in the future, compete with BBA, etc., I feel too empty, I can't see this team accurately. ”

Sure enough, he was a great talent, and he only met once, and he saw the personality of the boss of Jixiang Automobile in seventy or eighty, and Liu Ruoyi secretly praised it in her heart.

"Market-level analysis, I fully agree with you. Liu Ruoyi gave her opinion.

"As for this team, about the owner of Jixiang Automobile, I have seen such a report in the mainland in the past, when an important person visited his company, he said that building a car is four wheels and a sofa. ”

"That's a big deal to some, they just built motorcycles at the time, and a lot of people laughed at them for building cars as a dream, and now we know that they did build cars. And it's self-funded. So it's not just big talking. ”

Hearing Liu Ruoyi say this, Liang Baiheng was silent for a while.

"Annie, I see. I know how to do it. ”

"Lao Liang, do it boldly, the temporary setback of one or two single business is harmless, but the opportunity in the mainland market is something that many people dare not think about and imagine, and it will have a great advantage to occupy the pit first.

If there is anything you can't decide in the future, please feel free to come and discuss with me. ”

"By the way, the Penguin shares I invested in now also want to be listed in Xiangjiang, although I think they are in a bit of a hurry, and now the listing is more at a loss, but the founder team is more anxious to raise funds for great development, and this matter is also left to you to do. ”

"I am very optimistic about the future development of this company, after the listing of Lao Liang, if you have private money, you may want to invest it in a few years, it may surprise you.

This case is recommended that we also underwrite, according to their financing scale, that is, more than one billion Hong Kong dollars, if the Xiangjiang market does not recognize it, it is just right to smash our hands. ”

"I don't understand the Internet stocks, most of the Penguin applications are free, what is the future profit model, I don't think they have thought clearly, of course, the current profit model is better than their competitors, at least they are making money. ”

Although Liang Baiheng said that he did not specifically study Internet stocks, he still knew a few leading companies in mainland Internet stocks relatively well, after all, as an investment bank, no industry leader knew anything about what to do.

"Now we can concentrate users on our own platform and provide services with user stickiness, the future is limitless, and the future development space of the network market is greater than that of any other industry, which is the area with the most potential for development in my opinion!"

Liu Ruoyi did not hesitate to praise the mainland network industry.

Although Liang Baiheng has his own opinions, in the face of his boss, it is impossible for him to jump out and oppose it, since the boss has explained this matter, he will do it.

Because Liu Ruoyi has injected 20 billion Hong Kong dollars into the investment fund of Yongxiang Securities.

This real money thing makes an old Jianghu like Liang Baiheng have nothing else to say.

As soon as the investment banking business was booming, Liang Baiheng received rumors that two mainland heavyweights planned to list on the H-share IPO next year.

"Zhongping Insurance and China Grid are preparing to list on the H-share market next year, which should be the two largest businesses of mainland investment banks next year, my colleagues at ICBC Investment told me personally.

If it was this kind of project in the past, I could only watch top investment banks such as Goldman Sachs, UBS, and HSBC compete for it, but today is different.

Although our Yongxiang Securities is still not well-known now, with the 20 billion backing funds injected by Annie, I have the confidence to compete. ”

This business is too big, involving at least 10 billion Hong Kong dollars in financing, so that Liang Baiheng didn't dare to make a decision, and came to Liu Ruoyi after receiving the news.

"Go all out, no matter the cost!" Regarding Liang Baiheng's request, Liu Ruoyi said without hesitation.

This made Liang Baiheng, who had prepared a stomach of reasons to persuade Liu Ruoyi, stunned for a while.

"Do you think I should say that I should think carefully about the risks before I talk about it?" Liu Ruoyi looked at Liang Baiheng's face and knew that she was a little bit of a feeling that Lao Liang couldn't use his strength to go out with a fist.

"Annie, these two families are not small, in the worst case, the market does not recognize the valuation and affects the market price, and it may be tens of billions of dollars invested in the bottom line! Liang Baiheng smiled bitterly and nodded.

"I thought you would advise me to take it easy and do the case at hand first. ”

"Lao Liang, if it were a different time window, I would do this, but now I don't know if you feel it, the mainland to overseas listings I told you earlier, especially the wave of H-share listings in Xiangjiang has begun to appear. ”

Liang Baiheng was stunned again, he didn't expect Liu Ruoyi to pull on this, but he also felt something.

This year, there are significantly more mainland enterprises listed overseas than last year, and according to Liang Baiheng's current statistics, the number of listed companies and those preparing to list has exceeded 40.

Judging from the materials received some time ago that mainland companies are preparing to list on H-shares, although the physique of these companies is uneven, and most of them do not have the quality of listing, but this is only the material received by his investment bank.

At present, Yongxiang Securities is operating the listing of four reserve companies at the same time, and this performance is not the best in Xiangjiang.

That's a clear trend.

So Liang Baiheng nodded in approval immediately after a pause.

"So in order to eat the first soup of this wave, we must make a name for ourselves as soon as possible, and start the signboard of Yongxiang. ”

"So in my opinion, either of these two families will fight for it with all their might, even if they don't make money, they will be beautiful and send them to H shares!"

If you don't make money, you're ready to discount sponsorship fees and underwriting fees.

To put it bluntly, this is a price war, in other fields, this method may be immediate, but in investment banks may not be.

Liang Baiheng knows this.

"Annie, I'm afraid that if it's just about the price, this business will be difficult to do, I think we need to unite some friends!"

"You are solely responsible for the specific operation, as long as it does not touch the bottom line of the law, I will not interfere. ”

Liu Ruoyi gave Liang Baiheng even gray channels according to this authorization.

This kind of trust moved Liang Baiheng, which was more handy than when he was a major shareholder in Peregrine, and there was no one who dragged his feet at all.

"Don't worry, I'll do my best for this business. Liang Baiheng stabilized his mood and said solemnly.

"By the way, the incentive model of this business, Lao Liang, you will do a special thing, do not consider the profit, and after it is done, apply for bonuses for the brothers according to the financing amount!" Liu Ruoyi added a grand weight again when Liang Baiheng said goodbye.

The investment bank's incentives for the project team are routine, and the general financing amount and project income are the focus of consideration, especially the project income, so that the company will not lose money.

However, Liu Ruoyi only considers financing for this single business, that is, the incentive is closer to the upper limit, with a plate of nearly 10 billion, the dividend incentive of the project team of this single business is enough to make the team members rest for several years.

That's what big things do!

Liang Baiheng couldn't hold back any longer, clenched his fists hard, but didn't say anything, this matter, we must let the project team run with the strength to become a benevolent if it doesn't succeed, and now it's better to say more than to do things well.

Draw out the best manpower and over-allocate double personnel to go to the front line, Liang Baiheng took out his best team to fight.

Of course, his own connections were also used in both projects.

Soon, positive signals came back from the familiar ICBC investment.

"Lao Liang, are you saying that Yongxiang can underwrite the bottom funds, right? Don't fool your brother, where did you get such a large amount of money?"

"Don't worry, Lao Ma, we have been cooperating for so many years, how dare you talk nonsense about this kind of thing, to tell you the truth, this fund has been lying in my Yongxiang Bank, and the investment lock-in period given by the customer is at least 3 years. ”

Liang Baiheng said to Ma Zhiyuan of ICBC Investment on the other side of the phone.

"That's good, that's no problem.

I just reported to the higher authorities in the mainland, and this business was jointly underwritten by my ICBC and Yongxiang, but in terms of listing commissions, our brothers settled the accounts, and no one in the family lost anyone. ”

Ma Zhiyuan said this openly, in fact, Liang Baiheng knew that this buddy had taken a big advantage, and the underwriting risk belonged to Yongxiang's side, and they just paid some manpower to share half of the commission, which is equivalent to Yongxiang taking the risk, and the benefits of ICBC are steadily earning.

However, in the current situation, Liang Baiheng can't care about it at all, without this powerful helper, he has no chance to run down at all.

"No problem, we have been working together for so many years, one yard is one yard, and this thing has made us have many opportunities in the future. ”

"Haha, Lao Liang is refreshing! It's a little empty to turn around, our brother has an appointment to swing a game, I have to go to Beijing to report immediately, with your brother to support the bottom, our brother will do this, and save the ghost guy to make money." ”

Ma Zhiyuan said with a smile.

Their ICBC investment is not small, backed by a deep-rooted tree in the mainland, which is not something that can be easily shaken by ghosts, but in terms of funds, this kind of big order can't be eaten by themselves, and sometimes they have to find ghosts to cooperate with them.

Although the back is against the big tree, but the big business is bigger, this big tree is not only ICBC Investment this son to take care of, there are more places to use money, more than one billion short-term turnover is good to say, but tens of billions?

The boss must have said forget it and let the market solve it. In a word, it is Ma Zhiyuan who has to figure out his own way. Therefore, in addition to these big investment banks that are not bad for money, Ma Zhiyuan cannot find a suitable partner to work with.

But in this way, the ghost guy is not stupid, he has funds in his hands, and he naturally wants to eat a large part of the interests.

But there is no way, who makes the money in his hand not as much as these ghosts. They are backed by banks, and they do not have funds that they can use on their own.

Now they can get half of the commission income of this order, and they have been doing it for two years!

Therefore, after Lao Ma got Liang Baiheng's promise, he also entered a state of fighting for his life.

There's no way, this is not a connection in the headquarters, and he can't handle such an attractive big cake alone.

......