"Do you think I'm eyeing Lawyer Liu's hundreds of millions of lawyers' fees? Don't worry, this kind of business can be done if you have a fate. If you have to respect the rules, then I won't rob them. I have a lot of things to do, not bad for hundreds of millions of yuan, and I can earn it by doing anything else. ”

Feng Jianxiong's words dispelled some of Jackma's biggest doubts.

It turns out that he is not here to take on legal business.

However, Feng Jianxiong said just right: "Of course, whether it is the VIE structure or the NASDAQ IPO, after all, our Chinese companies have been practicing for more than ten years, but in fact, the difficulty is not as great as it was back then." Let me tell you from the bottom of my heart, I can also learn Lawyer Liu's tricks. At most, in some subtle details, it is not as perfect as he operates, carefully considering for customers.

However, if it were left to me, I would also have my advantage – Liu Gang was too focused on the law, he couldn't see the general trend of the investment market, nor could he see the capital fluctuations caused by the competition of other Internet companies, and he only saw his customers and regulators. ”

When Jackma heard this, he couldn't help but laugh and scolded: "I said, you went around such a big circle, and the result was not that you were blushing at these hundreds of millions of lawyer fees!"

"It's really not red-eyed! If you don't believe me, you won't take any money and tell you a little dry goods! After being verified in the future, you will decide with your conscience how to repay me. Feng Jianxiong said confidently.

"Oh, then I'd like to hear where you got your confidence. Jack Ma chuckled.

Feng Jianxiong replied and asked: "Okay - that's good, you tell me, when does Liu Gang suggest that you complete the delisting of Hong Kong stocks? When should you go to the NASDAQ to successfully list? I will tell you what is wrong with his decision." ”

Jack Marliu was suspicious, feeling that this was nothing worth keeping secret, so he replied truthfully: "His suggestion is to complete all the delisting work in the middle of next year, and then go to NASDAQ for a year of silence, and prepare all financial preparations from now on." When the delisting is about two years old, the listing on the NASDAQ side will be officially completed, that is, after the summer vacation of 2013. ”

Many people who know the history of Ahri Baba may be surprised to hear this - didn't Ahri Baba wait until the end of 2014 before its IPO on the Nasdaq?

Why is it that when Jack Ma chats with Feng Jianxiong now, the planned time point mentioned is about a year and a half earlier than the actual history of the later generations?

What's wrong with this?

In fact, history is certainly not wrong, and neither is Jack Ma's plan here. It was later that several major changes occurred, which made this process be forced to brake.

And Feng Jianxiong knows exactly the important principles behind these major changes.

Feng Jianxiong looked like he was holding a pearl of wisdom, and proudly declared: "So, this is what I want to say, the first mistake of Liu Gang's plan - he is too cautious, not brave and radical enough, just want to fully build momentum to press the tradable shares to an ideal low price before this delisting, but he didn't expect that delaying the completion of the delisting for more than half a year will have any adverse impact on a series of future moves." People who look at grand strategy must have the same vision as you, not just as your lawyer, he must understand the general trend of the world!"

Jackma was slightly moved, but he still did not rule out the possibility that "Feng Jianxiong may be just alarmist", and calmly asked: "Then you should tell me, if you are to operate the delisting, what should you do? What is the 'general trend of the world' behind this?"

Feng Jianxiong said as a matter of course: "If it were me, of course I would rather let Ahri lose 5%~10% of the repurchase money, and strive to complete the delisting work in advance of this year! Then, correspondingly, the schedule of going to the NASDAQ listing should also be as fast as possible, from the summer of 2013 to at least the fourth quarter of 2012." ”

"Why?" asked Jack Ma quickly.

He was curious if Feng Jianxiong had casually made up a timetable.

Feng Jianxiong pointed out sharply: "Because we have to fully consider whether there are any super unicorns in the U.S. stock market that have never been listed, and whether they may conflict with Ahri Baba in terms of financing time, resulting in Ahri Baba having to redo the plan and greatly delay the listing plan." ”

"What do you mean by 'does anyone have a financing time to conflict with Ahri Baba'? According to the NASDAQ rules, all companies to be listed do not affect each other, and you are a bit alarmist when you say this. Jackma smacked.

Feng Jianxiong: "According to the rules of the securities law, of course, they do not affect each other. However, there is a finite amount of money in the world, and there is a limit to the amount of money that can flow into the NASDAQ market at any one time, or even within the same year.

If less than a year before Ahri Baba went public, another supergiant melted $10 billion in pure cash, or even $20 billion in pure cash, all at once. Well, I think there will be a lot of stocks on the Nasdaq market that will fall below the issue price as soon as they go public, or not get a good subscription price in themselves, at least in the next six months, because the hot money is sucked dry. ”

Feng Jianxiong's assumption is not bold.

Logically, it's easy to deduce.

However, in the current world, no one would believe this. The world can't understand that "since there are good new companies on the NASDAQ, the performance is good, and the stock price is promising." But just because the hot money used to playing on the NASDAQ is sucked dry, there is a lack of new money to support the situation."

In the view of people in classical economic theory, "if housing prices skyrocket, then the money from stock speculation will flow into the property market." If the stock price skyrockets, then the money from property speculation will flow into the stock market", which is a very beautiful and philosophical picture.

How can there be "holders of old money who believe in Buffett's 'ability theory' and only speculate on what they can understand", and when the situation on the NASDAQ is good, they are complacent and refuse to withdraw their money?

However, the previous securities of all mankind did not have enough evidence to prove the theory that "a company that directly raised $20 billion in cash at the time of IPO can make the Nasdaq capital pool dry up for more than a year".

Because there has not been a super unicorn in all mankind before, it was only when the market value was held back to such a large size that it came to the NASDAQ to be listed.

Microsoft, Google, Apple, Amazon, Oracle...... Although they are all giants now, when they first came to NASDAQ, they were still "small bodies".

JACKMA RACKED HIS BRAINS AND REVIEWED THE POSSIBILITY DESCRIBED BY FENG JIANXIONG, AND THEN ASKED WITH A SLIGHT STARTLE: "DO YOU MEAN THAT IT WILL COLLIDE WITH FACEBOOK'S POSSIBLE LISTING PERIOD?" BUT THEY ARE NOT AS BIG AS A FOX NOW, HIS VALUATION AT THE BEGINNING OF LAST YEAR WAS ONLY $45 BILLION, AND I DON'T KNOW ABOUT IT RECENTLY." ”

FENG JIANXIONG SMILED SLIGHTLY: "GUESSED RIGHT, I'M TALKING ABOUT FACEBOOK - IT IS NECESSARY FOR YOU TO GO PUBLIC BEFORE ZUCKERBERG." It's up to you to drain his pool. ”

THE FIRST IPO IN HUMAN HISTORY TO PROVE THE CONSEQUENCES OF "SUCKING $20 BILLION IN CASH AT ONCE" WAS FACEBOOK'S NASDAQ LISTING IN 2012.

AFTER THAT LISTING, ALMOST ALL THE BOSSES WHO WENT PUBLIC BEHIND ZUCKERBERG FOR MONTHS AFTER THAT CRIED MISERABLY - THERE WAS NO MONEY IN THE MARKET AT ALL, AND ALL THE MONEY WAS SUCKED UP AND SQUEEZED OUT BY THE SUPER CASH BLACK HOLE OF FACEBOOK. One after another, the newly listed companies fell below the issue price and could not get a good issue price.

And Ma Feng in history, in fact, it was precisely because he saw clearly the miserable situation of those companies that were ranked a few months before him that he urgently stepped on the brakes - let's postpone, and we will postpone it for 18 months. Wait for the hot money to slow down, and wait for the "gambling funds" in the NASDAQ pool to be full, and then he will go again.

That's why Ahri didn't go public again until 2014.

COINCIDENTALLY, WHEN AHRI ALSO SIPHONED OFF $20 BILLION OF HOT MONEY FROM NASDAQ AT ONE TIME IN 2014, THE UNLUCKY GHOSTS WHO FOLLOWED AHRI ALMOST COMPLETELY REPLICATED THE UNLUCKY GHOSTS WHO FOLLOWED FACEBOOK TWO YEARS AGO.

Since then, the global technology capital community has reached this consensus: small companies are following behind tens of billions of IPOs, and it is better to go directly to the street.

……

Of course, Feng Jianxiong can't copy the things summed up by these reborn people to Jack Ma as they are.

But with his eloquence, it can still be done by packaging it a little, and then secretly changing the evidence, pretending to have a nose and an eye to relay it.

In particular, he had already made up his mind, so he had specially collected relevant evidence that could support his point of view before he came, and now he could show it to Jack Ma.

In fact, this evidence is of no value at all – because Feng Jianxiong collected it selectively, and in fact if he analyzed all the samples thoroughly, he would not have reached the same conclusions as him.

Otherwise, those bigwigs in the investment and financial circles still have to wait for Feng Jianxiong to summarize?

He just packaged an otherwise naked Prophet of the Regenerate into a "rigorous deduction" of justification.

Of course, if you change someone who is not as eloquent and logical as Feng Jianxiong, it will definitely be unsuccessful.

Who made Jack Ma himself the number two in this circle?

Only Feng Jianxiong, the No. 1 big fool in the sky, can flicker Jack Ma around.

"Although this statement is unheard of, it seems to be reasonable...... After being fooled by Feng Jianxiong, Jackma fell into deep thought.

"However, if the matter is not as serious as you say, and the extra ransom we paid for early redemption today will already be lost. Jack Mars thought about it again and again, and raised his last doubts.

However, Feng Jianxiong was still confident, and he said with a smile:

If you insist on believing in Liu Gang's prudent tactics, you can sign a bet with me. If the actual 'listing behind the giants' is actually the negative effect of the element on financing, it is obviously not as exaggerated as I described.

Then I can sign a VAM agreement with you, and transfer the equity of Station N to you at a lower valuation at that time, so as to make up for the loss of some of the additional redemption money caused by the accelerated delisting of Ahri Baba in Hong Kong stocks today. ”

Of course, the premium of the VAM agreement is not enough to make up for 100% of the loss of Ahri's early redemption.

But it was at least a gesture that expressed Mr. Feng's willingness to take responsibility for his advice. Even if Ahri only let Feng Jianxiong share 2 yuan thanks to 10 yuan in the end, it would already be a great courage.

Seeing Feng Jianxiong say so confidently, Jackma once again felt that his gambling soul became enthusiastic.

It seems that every time he feels this way, Feng Jianxiong can help him win the bet.

Bet!

﹉

PS: I originally wanted to update the new book first today, so that the new book will suck up the recommendation votes first. But the new book is still under review.

Later, during the month when the two books were updated in parallel, the update time of this book was moved to around 5 or 6 o'clock every night. And the new books will be changed in the morning, which is conducive to the new books to attract recommendation votes. It's good for everyone to read that book during the day and this one at night. (Today's second shift moved to 6 p.m.)