Phoenix Sya is operated independently from Yufeng Jewelry, or a subsidiary jointly held by Yufeng Jewelry and Shiya Group.

Originally, Liu Shiyu wanted to change Yufeng directly to Shiya Yufeng, and the European Phoenix Shiya was simply a subsidiary of Shiya Yufeng, but it was not implemented later, because it was better to operate the subsidiary controlled by the two sides, and the company's name could be dug deeper.

Yufeng Jewelry only buys jewelry and jewelry, Shiya only buys clothing and cosmetics, and there are other household and daily chemical rapid consumables in the future.

But Phoenix Shiya sells everything, only to see if the product is suitable for selling as a luxury product, it is a full range, and it takes the pure fashion route.

Of course, the management of Phoenix Shiya is dominated by people of Yufeng Jewelry, and Yufeng Jewelry is also mentioned more to the outside world, because those who sell jewelry give the impression that they are high-end.

Therefore, they can also be listed independently.

After Liu Shiyu went back, she had a video conference with Jiang Xuemei and Mu Yaxin, and the opinions of the three of them were often the final opinions, and the formal meeting was basically announced directly.

"200 billion Hong Kong dollars, isn't it too much?" Mu Yaxin was still in Europe, very surprised, yesterday was still discussing whether 80 billion or 100 billion is better, and today it will be doubled directly.

"I also think it's too much, and with such a high valuation, I don't think it's a good thing to either issue more shares or raise the price of a single share. Jiang Xuemei said.

The more shares are issued, more people need to buy them, and the price of a single share is higher, so many people will hesitate to buy it.

After all, it is a new stock, whether it is a retail shareholder or an institution, if they are just short-term, buy on the first day, immediately throw out, and make quick money, it will also be a big blow to the stock of Shiya Group.

Ling Tian believes that the valuation of the listing also includes the positioning and value of the company itself, as well as the expected value in the future, and cannot only look at the price-earnings ratio and current size. Liu Shiyu probably said what Ling Tian meant, of course it was more professional.

The three of them, including the underwriters, were all valued according to the size of the Shiya Group, and no one thought about what impact it would have on Phoenix Shiya, which is also the usual practice.

Ling Tian's views were different, so he would come up with different opinions.

"I agree with his suggestion. Liu Shiyu finally said.

"It seems to make some sense, it's just too risky. Mu Yaxin nodded, before Phoenix Sya was listed, most people would look at the strength of the parent company Silka Group, but the result was just a company with a market value of hundreds of billions of Hong Kong dollars, and others would think that the parent company of Phoenix Poetia was so small.

It's more depressing.

After all, the starting point is different, and the appreciation ability of stocks is different, and the market value of 200 billion yuan may become 400 billion in one or two years, 600 or 800 billion in two or three years, or even trillions.

80 billion Hong Kong dollars listed, within a year or two, it will rise to 200 billion, the sky, no matter what, it will be at least a year or two later than 200 billion Hong Kong dollars listed.

Of course, it is also possible that the listing of 200 billion Hong Kong dollars will encounter Waterloo, not only will it not rise, but it will fall.

In short, the risks are high.

"Otherwise, in this way, we will only squeeze out 10% of the shares for listing, so that the proportion is smaller, the number of shares issued will be less, and the price of a single share can be maintained at a relatively lower level. Jiang Xuemei suggested, after all, she is a science and engineering woman and is more sensitive to mathematics.

Before, they planned to squeeze out 15 percent of the shares and issue 600 million shares, but now 10 percent is less than one-third, and the price of a single share remains the same, and the number of shares issued can also be reduced by one-third to 400 million shares.

"You can give it a try. Liu Shiyu thought that this idea was not bad.

"Let's use a large range for the time being, with a valuation of 100 billion to 180 billion, and then we will see the situation. Mu Yaxin muttered.

Before the official listing, when the situation is not right, a single share will be cheaper, so the valuation is low.

If the market applauds, then the individual shares are more expensive, and the overall valuation is also higher.

"This method is good, the highest 180 billion does not look like 200 billion scary, and the effect is about the same, anyway, as long as the price rises, it will definitely exceed 200 billion, no matter how many 200 billion, others will say that it is a 200 billion company. If it falls, it doesn't matter how high the valuation is. Jiang Xuemei echoed.

"That's the preliminary decision. ”

This is just an internal decision on the side of Shiya Group, and after finally discussing with the underwriters, a total of 500 million shares will be issued, and the valuation range will be as low as 120 billion, so that a single share is only 24 Hong Kong dollars, and the highest is 180 billion Hong Kong dollars, and a single share will reach 36 Hong Kong dollars.

………………

New York, literally translated as New York, is the largest city and the largest port in Millican, the world's largest city, one of the world's three major international financial centers, and is called "Port Nuren" together with London in Great Britain and the port city of China.

On the evening of November 6, a five-star hotel on Madison Avenue in New York, banquet hall.

Liu Shiyu led several senior executives of Shiya to gather here, Zhao Wen also came from Tyre, and Ling Tian, the senior vice president, was also there, and the guests came in an endless stream, all of whom were well-known investment funds on Wall Street, rich people from Millican and executives of large companies.

Tonight, the cocktail party held here is the New York station of the global roadshow of Shiya Group's listing.

The so-called listing roadshow is the company's stock promotion conference, to promote the company's shares to investors, basically institutions, institutions are the big head, only the institutions are optimistic and supportive, after the listing can sell well.

The listing plan of Shiya Group is the most important work of the year, and the preliminary work is very smooth, and the listing hearing of the Hong Kong City Stock Exchange was also completed in low October, which means that everything is ready, and only the final pricing is left for listing.

On October 30, the first investor pitch meeting was held with the underwriters in Hong Kong City, officially starting a crazy and intensive global roadshow to warm up for the official listing in mid-November.

The performance on the first day of listing is still very important.

As the largest shareholder of Yufeng Jewelry and the second largest shareholder of Shiya Group, it is impossible for Ling Tian to make soy sauce anymore.

"Sister, brother-in-law, congratulations, your company is going public. A young woman walked in at the door, saw Liu Shiyu and Ling Tian, and smiled.

"Yaoyao, you're here. Liu Shiyu walked over and took Du Mengyao's hand, she was also very happy, Du Mengyao successfully came here to study after returning to the capital last time, so Liu Shiyu also called her.

After all, the guests who participated in this kind of reception were very helpful to Du Mengyao's future employment, and this was a very strong network of contacts. Take a look at the latest chapter of "Me and the Beautiful President's Wife's Paw Book House" to read for free for the first time.

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