The 24% stake in the company is not subject to any obstacles. In order to IPO of Aika Electronics, Rongjian has previously divested this part of the equity.

And the HK$5 billion fund is not a large amount for the new venture electronics.

On the second day after Lin Qi and Rong Jian reached an oral agreement, the professional teams of the two companies had quickly entered the process of liquidating assets and handling equity delivery procedures.

After obtaining this part of Rongjian's equity, 49% of the equity of Xinai Electronics is concentrated in the hands of Xinchuang Electronics Group.

Of course, although the equity ratio has increased, it still cannot ensure 100% control, so Xinchuang Electronics continued to redeem part of the equity from several other state-owned shareholders. According to the current price, the shareholders of Xinai Electronics have already made hundreds of times profits. Therefore, this case is not only not the loss of state-owned assets, but the myth that state-owned assets have profited hundreds of times in seven years.

It is this kind of win-win case that makes Lin Qi have a good reputation in China and become the most welcome capital for investment promotion in various places.

……

In the following days, Lin Qi met with investment bankers such as Deutsche Bank, Goldman Sachs, and Morgan Stanley.

Because, IPO listing inevitably has to deal with these institutions, and even deliberately convey benefits to these institutions in exchange for these institutions to work harder to promote the IPO process.

Before the listing, the total share capital was 1 billion shares. Among them, Rong Jian holds 650 million shares, and Lin Qi holds 200 million shares. Of the remaining shares, 80 million are employee shares. In addition, 70 million original shares were sold to about 20 institutional investors at a price of HK$10 per share.

In comparison, the cost of Lin Qi's shareholding is only HK$1 per share, which is only one-tenth of the cost of these institutional investors. Of course, these institutional investors have already decided that the company is going to IPO, so they are on the bus before the IPO.

In addition, these capitals are only to help Aika Electronics go public, which is equivalent to icing on the cake.

And Lin Qi is to send orders and projects directly to Aika Electronics, without Lin Qi, there would be no Aika Electronics today's glory. It is precisely for this reason that Rong Jian, the boss of Aika Electronics, will deliberately send money to let Lin Qi buy shares at a low price.

Rong Jian was not afraid that Lin Qi would make a big profit and take advantage of him, but he was afraid that Lin Qi would make less money, which would make him have fewer opportunities to hold his thighs in the future.

"The IPO plan of Aika Electronics is to issue 250 million new shares at an issue price of not less than HK$30 per share. Of course, if investors are in contention, the IPO price should be higher than HK$30. The project leader of Goldman Sachs said with a smile, "Not only because the growth rate of Aika Electronics is amazing, but more importantly, it is now a big bull market!"

The most successful investment is to make money in the big bull market and sweep the goods at a low price in the big bear market. Lin Qi said with emotion.

The worst thing for investors is to run into the market in a big bull market, and as a result, the market style suddenly changes into a big bear market!

For companies that are preparing to go public, if they want to maximize their profits, they naturally choose to go public in a bull market atmosphere. Listing at the craziest time of the end of the bull market is the best price to sell. However, if the rhythm is not guessed correctly, the end of the bull market turns into a big bear market, leading to the abortion of the listing plan.

Aika Electronics is preparing for an IPO in the first half of '87, in fact, it has chosen a very good time node. You know, in the second half of '87, the global market suddenly had a short-lived but very lethal stock market crash.

"Therefore, the whole of Hong Kong admires Mr. Lin, you are definitely the reincarnation of the real God of Wealth. The head of Goldman Sachs said, "Not only in business, but no one is better than you." Just investing in stocks, you can't find a smarter person in the world than you!"

"It's not worth mentioning!" Lin Qi smiled, "I'm just investing from the perspective of a businessman." If I want to invest in an industry from scratch, I need 1 billion to achieve the expected goal, but it only takes 500 million to buy a ready-made company, and a fool will not buy it!"

That's right!

It is precisely because of the big bull market that the IPO valuation of Aika Electronics can have the confidence of more than 30 billion. You must know that after the divestment of the equity of Xinai Electronics, only the main business of Aika Electronics remains, although its asset scale reaches 15 billion, most of it is a liability, and the net assets of Aika Electronics are only more than 5 billion. Even now the net profit for a year has reached 1 billion. But in the market a few years ago, a company of this level can give a valuation of 10 billion, which is already very face-saving.

You must know that in the past few years, the market has just experienced a four-year long bear, and the Hang Seng Index has even fallen to more than 600 points at its lowest. In 81~84 years, the average P/E ratio of Hong Kong stocks was only 5 times, and the P/E ratio of extremely undervalued stocks was even less than 3 times. That kind of extremely undervalued market is the lowest in the history of Hong Kong stocks.

However, since 85 years, because China and Britain have reached a consensus on the ownership of Hong Kong, the Hong Kong stock market has entered a new round of long bulls. By the end of '86, the Hang Seng Index not only completely walked out of the bottom of 1,000 points, but also broke through 2,000 points, hitting a record high. After that, it continued to advance to 3,000 points......

At the same time, the global market is bullish, and international markets such as Japan and the United States frequently hit new highs. The valuation of the Hong Kong stock market is not so expensive compared to the international market. As a result, investors in the Hong Kong market have long left caution behind and are once again in a frenzied bull market.

In the bear market a few years ago, stocks with a 10 times P/E ratio would also be too expensive for investors. But now there are many stocks in the market with more than 30 times P/E ratios, and many stocks are recognized as bad companies and can also get very high valuations.

Not to mention, the high-quality new stock of Aika Electronics is issued with a price-earnings ratio of more than 30 times, which is not too black-hearted. After all, Aika Electronics not only has performance, but also has quite strong growth.

It can be said that as long as the new venture electronics company's electric toys, handhelds, laptops and other businesses continue to maintain growth, then the LCD panels, rechargeable batteries and other businesses of Aika Electronics will be able to maintain synchronous growth. Investing in Aika Electronics is equivalent to indirectly investing in New Venture Electronics.

As the IPO progress of Aika Electronics gradually entered the sprint stage, the media-related warm-up articles also began to increase. Immortals from all walks of life began to popularize the history and concept of the company's science to readers.

Various research reports and data, combined with exaggerated descriptions, quickly let market investors know that this company is the king of rechargeable batteries, the leading enterprise of FT LCD panels, and the panels of Zhangyu and Pangu notebooks under Xinchuang Electronics, most of which are supplied by Aika Electronics......