In a café next to Jiangdu Garden.

An old man and a young man sit opposite each other.

The practical old description of Li Zhonghong is a little bullying, he is just in his early forties, but there is a lot of gray hair mixed with black hair, and he does feel old when he looks at it suddenly.

In fact, listing is not just as simple as the company taking out some shares and then raising funds, before that, the company needs to do a lot of very professional preparations.

And for a 'private equity investor' like him, in order to smoothly delist after listing, the rules of the American stock exchange should be as clear and transparent as possible, he read a little bit and asked a little bit himself, but whether it is Shi Yangqing or Cai Zhaoxi, they are talents, but for more professional things, in fact, they don't know much.

This is a very, very highly technical job, and the company must have at least two law firms when it goes public, and the reason is very simple, the company operates in China, which requires a firm that is familiar with Chinese law, but if it wants to be listed in the United States, then it also needs a firm that knows the United States.

In addition, there are many technology companies that choose to register their companies in a place like the Cayman Islands, so they need a Cayman law firm.

Chen Zier used to think that these things were very far away from him and that it was none of my business, but now he doesn't think so at all.

Therefore, when China.com's U.S. lawyer called to improve the company's shareholder checklist, he was very cooperative and tried not to cause any difficulties to China.com's listing.

If this is because of his little moth, then he may be the most suicidal reborn in history.

The U.S. Securities and Exchange Commission has relatively strict requirements for listed companies, and the company itself generally has Chinese lawyers and American lawyers to promote the work, Chen Zier currently owns 14.6% of China.com's shares, which is a relatively large shareholder, so his age, education, experience, whether there are transactions with other directors, what kind of transactions exist, etc., must be clearly written word by word.

This is the securities law, and after listing, it will involve at least hundreds of millions of assets, hundreds of thousands of families, not a joke, if you want to go public, you must follow.

Li Zhonghong sat opposite, he could understand Chen Zier's English, and it should be said that he spoke it well, "Age, 21, education...... High school?"

'Undergraduate study' is not considered to have completed an undergraduate degree, and it is all basic information at the beginning, but this basic information makes him feel that it is too exaggerated......

Of course, when it came to some private information, Chen Zier walked away, but just the previous point was enough for him to completely overturn the previous definition of Chen Zier in his heart.

When he returned, Lee Jong-hong stood up to salute and then sat down with him.

After this, he was much more polite, "Mr. Chen is so successful at a young age, it's really admirable... And envy. ”

Chen Zier hadn't reacted yet, "I'm sorry, the matter is more important, and the delay is a little longer." ”

Li Zhonghong waved his hand and said, "It's okay, I'm speculating, it should be the investigation list sent to you by the lawyer, right?"

He used your word.

Chen Zier thought to himself, "Yes, it's just a small shareholder, I didn't expect them to be so troublesome." ”

"Mr. Chan is so humble. Li Zhonghong's expression was much richer than the facial paralysis just now. In the final analysis, in the world, everyone is a lackey of money, you have money, you are a master wherever you go, especially these people who come out of Wall Street. After all, it is really impossible to say who is the master and who is the slave between capital and the capitalists.

He said: "I am in this industry, I have read the prospectus, I have also written the prospectus, I have read the prospectus of any kind of company, and there are basically nearly 100 copies over the years. According to SEC (Securities and Exchange Commission) regulations, companies are required to submit a checklist of important persons when going public, including the company's directors, officers, key employees, and shareholders who hold more than 5% of the company's shares. ”

Li Zhonghong said half-affirmatively and half-doubtfully: "I think Mr. Chen must be the last one?"

How much wealth does 5% represent, Li Zhonghong can't give a figure, this needs to be decided by the market. Judging from the current level of Internet madness, the market value of China.com of $2 billion will definitely not be able to run, so this is $100 million.

He didn't dare to estimate himself, what are you kidding, this young man in front of him is a billionaire? 21 years old?

Chen Zier admitted, "Yes, I am the last one, in fact, I have always had some questions, always asking for answers, today I met Mr. Li, I didn't care so much, so I asked you directly." ”

Li Zhonghong smiled, "Thank you for your trust in my profession, Mr. Chen doesn't have to be so polite, I must know everything." ”

Regardless of business or private information, Chen Zier just wanted to ask about some rules, he said: "I am a private equity investor in China.com, and Mr. Li must know what I am seeking." ”

Lee Jong-hong said, "Quit, when the time is right." ”

"Yes, but I need to quit a lot. ”

Li Zhonghong frowned and thought for a while and said: "5% is actually good, just follow the rules of the SEC and follow the steps, do you have the right to register?"

"Absolutely. Without this, why would I withdraw from the market?"

The right of registration is very important to private equity investors, this is a common sense clause that Cai Zhaoxi, a general financial officer, knows, whether it is the first transaction or this transaction with Sequoia Capital, the right of registration is clearly stipulated in the contract, and this must be there.

To put it simply, private equity investors must want to register with the SEC when selling stocks, registration is a time-consuming and laborious thing, and there are costs of time and manpower, so if private equity investors do not seek their own registration rights, then once the company refuses to register for you, then you can't sell if you want to, and you can only explode with it.

Of course, there are some exceptions that do not require registration, but in general, private equity investors often ask for the right to register, and with the right to register, they can ensure that they can take the initiative to ask the company to register their shares after listing and sell them publicly at the right price.

For a person like Chen Zier who has a clear intention to delist, he will not trade at all if he does not give this right.

Li Zhonghong said: "Since Mr. Chen has the right to register, then things are much simpler, the SEC regulations are complicated and strict, but many of them are legal language, and many things seem to list more than a dozen regulations, but the key one is satisfied, and the rest of the lawyers will handle it." ”

The first time we met, Chen Zier didn't want to say it completely, but hoped that he could understand the focus of his inquiry, so he looked at him for a few seconds, and said calmly: "The problem is that my equity in China.com is more than 5%, is this still no problem?"

Li Zhonghong almost squirted out a mouthful of coffee while drinking, more than 5%, and a lot? He looked at the man in front of him with a shocked expression.

It is said that going public is a crazy wealth-making movement, and he has not never seen it, but this 21-year-old billionaire who has lived in the countryside since he was a child is really not common!!

Chen Zier was a little anxious when he saw him slow like this, if he had an acquaintance, he would have urged him a long time ago, what are you making a fuss about, are you coming back from Wall Street, have you never seen money or a handsome guy?