Chapter 194 Two-tier shareholding structure
Inside the flagship store of THE TOP SHOP in Taikoo Li, a scene is in full swing.
More than 100 girls, divided into more than a dozen teams, began to move boxes of clothes and various accessories from the warehouse according to the instructions of the two store managers, and began to work.
And the captain of each team has the team's number on his sleeve.
"Flowey, you're in charge of recording the inventory data. Others, come and order with us. "Xiaoyun is the captain and is responsible for commanding the entire team.
Everyone worked in an orderly manner according to her arrangement.
Li Qinghuan held a notebook and pen in his hand, stood on the second floor, looked down on the first floor, and wrote a few words on the notebook from time to time.
This kind of teamwork makes it easy to distinguish between the superior and the inferior.
Xiaoyun's team, everyone is very diligent, and they are willing to listen to Xiaoyun's command, so they work fast and well.
And some teams are just a mess. The captain's command is not clear, and the team members do not listen to the captain's arrangement, and everyone does their own work, which causes a lot of duplication of work, and the efficiency is naturally not high.
"Hey~ I just ordered those, why did you order it again. ”
"Ah~!How do I know that you ordered, and you didn't say a word. ”
How can such a team be efficient?
IN FACT, THERE IS NO NEED TO WAIT FOR EVERYONE TO FINISH, LI QINGHUAN HAS A SCORE IN HIS HEART, WHICH ONES CAN BE RETAINED AND WHICH ONES ARE NOT SUITABLE FOR THE TOP SHOP, ALL OF WHICH HAVE BEEN WRITTEN IN THE NOTEBOOK.
I have to mention that these shopping guides who were eliminated by Li Qinghuan are not necessarily people with poor ability.
Perhaps, the person who is not performing well now is still a gold medal shopping guide in the original store.
Just because, a big store like THE TOP SHOP and a small store of 100 square meters like Huashang International have different requirements for shopping guides.
In Huashang stores, shopping guides need to have strong individual combat ability, and often complete a series of tasks such as entertaining customers, recommending products, and finding goods in the warehouse. Moreover, the ability to sell is very important.
But at THE TOP SHOP, it's a different story entirely.
This kind of big store of one or two thousand square meters, there are more than ten or twenty shopping guides, and the customers who need to be received every day may be thousands. Moreover, the sales model of THE TOP SHOP does not require a shopping guide to actively promote at all.
Therefore, it is more important to pay more attention to the cooperative combat ability of shopping guides.
Dexterity, diligence, obedience to orders, and willingness to cooperate are the characteristics that THE TOP SHOP VALUES WHEN SELECTING SHOPPING GUIDES.
In the end, Li Qinghuan selected a few teams of people he liked on the spot, and the others could only say sorry.
Xiaoyun's team, of course, was successfully selected.
……
This scene is being staged in major cities across the country, and there are 20 stores that opened before the year.
Of course, Wang Ye doesn't have to worry about these trivial matters, but this year he can't go back and stay for more than ten days like last year.
He had already called home and told him that he would not be home until about twenty-nine or thirty this year, and then he would rush back on the first day of the Lunar New Year.
That is, you can only stay at home for two days.
This is also a matter of no choice, how great the ability is, how great the responsibility.
Now he controls several companies, things are complicated, although there are senior executives in charge, but the real major matters still have to be approved by him, the big boss.
Meigo.com has now entered the preparatory stage for the official listing, and Xu Jing, Li Xin, and Li Youlun are already busy flying.
A few of them, let alone the New Year, even sleeping during this period of time feels like a waste of time.
Although the conditions for listing on NASDAQ are much simpler than those in China, the whole process is also extremely troublesome.
This time, it is not as easy as Huashang International's listing, it is escorted, of course, it is a smooth listing without any danger.
However, when you go to NASDAQ, you can only follow the rules, and every process must not go wrong.
Regardless of any company at home and abroad, if it wants to be listed on the NASDAQ, the process of underwriting brokerage counseling is similar, and there are about five units related to the parties during the period, namely the company to be listed on the stock exchange, the financial advisory company, the securities and exchange commission registered accountant, the securities and exchange commission registered lawyer, the nasdaq registered underwriting broker, etc.
Among them, the most important is of course the IPO underwriter, and the underwriter who undertakes the listed company can also bring huge profits.
Wang Ye's loyal partner, Citibank, of course, took the lead and occupied a spot as an IPO underwriter.
However, only Citibank is obviously not enough, because the NASDAQ is listed and faces global investors, and the size of Meigo.com is not small. If there is only one underwriter, it is not enough to support the stock price.
Sequoia Capital and IDG, of course, also have their own recommendations.
Sequoia Capital recommended Morgan Stanley, while IDG recommended Credit Suisse.
These three formed the underwriter team of Meigou and began to intervene in the listing process.
Meigou has a total share capital of 850 million yuan, and plans to list and issue an additional 350 million shares, so that the total share capital will reach 1.2 billion.
Wang Ye still holds 300 million shares in his hand, which will account for 25% after listing, which is a relatively appropriate ratio.
Of course, in order not to lose the controlling stake, Wang Ye designed a two-tier equity structure + voting rights agency.
That is, the shares of Meigou are divided into two categories: AB, Wang Ye's own 300 million shares are separately classified as Class B, and the stocks in the hands of others, including the new shares issued after listing, are all Class A shares.
Class A shares and Class B shares are exactly the same in terms of dividends and cash value on sale, with the only difference being that the voting rights of B shares are 10 times that of A shares.
In addition, in order to ensure the absolute control of Wang Ye, Meigou has also added a "voting rights proxy agreement" in addition to the design of the two-tier shareholding structure.
All institutional and individual investors who have invested in Meigou are required to sign this agreement with Meigou.com, agreeing to authorize Wang Ye to vote on behalf of the shares held by shareholders on certain occasions that require shareholder voting, and this agreement will remain in effect after the completion of the IPO.
In this way, Meigou will have a total share capital of 1.2 billion after it is listed. Wang Ye's 300 million Class B shares have 3 billion voting rights, while the remaining 900 million shares only have 900 million voting rights.
What's more, Temasek, Sequoia Capital, IDG, Li Youlun, Nie Dingwen, and Fang Haohua also have the voting rights to authorize Wang Ye for the shares in their hands.
After calculation, Wang Ye will hold more than 80% of the voting rights in his hands, which also means that even if the shares in his hands account for only 25%, his voice in the board of directors has not been reduced at all.
It's still a word!
When discussing this shareholding structure, Sequoia Capital's Zhou Da said with a wry smile.
"Wang Dong, is it necessary, you already have a lot of shares in your hand, and then divide it according to the voting rights of AB shares of 10 to 1, it's a bit too much. ”
Wang Ye smiled and said nothing, but Temasek's Lee Kuang Wah disagreed.
"Mr. Zhou, you are wrong, I think that this kind of equity structure is easier to increase the confidence of investors! Such a company will be more favored by ordinary investors. ”
Li Youlun clapped his hands and agreed: "I think so too! To be honest, except for Wang Dong at the helm, I don't feel at ease when someone else is at the helm of Meigou.com!"
Everyone else nodded in agreement.
Zhou Da didn't want to oppose it, but when he saw that everyone agreed, he also said that he had no opinion.
In this way, Meigou has determined the two-tier equity structure of AB shares, and this equity structure has also determined Wang Ye's status in Meigou.com, even if he sells some of his shares in the future, it will not affect his right to speak.
That is, Wang Ye has always performed well, and several other shareholder representatives happily agreed with this double-tier equity design.
This is the advantage of going to NASDAQ, if it is in the mainland, it is impossible to achieve.
The same shares and equal rights are the rules of the mainland securities trading market, and it is impossible to change them for the Meigou alone.
By the time this is done, the time has come to February 22nd, and there are still two days to go before the New Year.
Wang Ye only then had time to pay attention to the opening of THE TOP SHOP.
Two days ago, on February 20th, 20 stores of THE TOP SHOP opened.
……
"Hurry up, the store opens today, we have to go over early and get ready!" Xiaoyun shouted at Huahua.
"Oops, it didn't open until 10 o'clock, and the store manager told us to be there at 9 o'clock. Look at the time, it's only 8 o'clock, we'll be there in twenty minutes, as for going out so early?" Flowey muttered reluctantly.
Both of their families are in the following cities, and this time they were selected to work together at THE TOP SHOP Taikoo Li's flagship store.
As soon as the two little girls are combined, it is better to rent a house together, which is also much more convenient.
Taikoo Li is a city center location, and the houses nearby are not cheap, but Xiaoyun won the co-branded suit at the annual meeting and transferred it to Mr. Wu, and the money in hand was 600,000 yuan. Therefore, renting a house is also a lot more generous now.
Muttering to muttering, Huahua also understands that the store opens today, which is a big event, so it's better to go early.
The two of them freshened up and dressed up, and hurried out of the house.
Rushed to the Taikoo Li store, the store manager and the rest of the shopping guides were almost there. Today is the first day of business, and there is no shift to say, everyone has to come!
Including the two store managers, there are 32 people.
Everyone began to tidy up the store and prepare for the opening, and when it was about nine o'clock, the management of Taikoo Li also came to help.
After walking around the store, the operation manager asked the store manager in surprise: "What about the leaders of your head office? It's about to open for business, why hasn't it arrived yet?"
HE THOUGHT THAT THE LEADER OF THE THOP SHOP HEADQUARTERS HAD NOT YET COME TO THE STORE, AND WAS STILL IN THE HOTEL.
The store manager smiled and said, "There is no leader of the headquarters, in the past few days, our company has 20 stores to open, and the leaders have rushed to other cities to prepare." We have already made all the preparations for this store, and it is good to open for business now. ”
Taikoo Li's operations manager couldn't understand how big it was for the headquarters to open such a large flagship store.