Chapter 1276: The valuation is not ideal
This surprised Shi Lei a little.
He sat up a little and asked, "Are you going to expand so soon?"
Song Miaomiao shook her head, there was already quite a length of hair, rubbing Shi Lei was itchy, since establishing a relationship with Shi Lei, Song Miaomiao had already removed the hair she had received earlier, leaving her original hair, and now, it is already the length of a standard lady's short hair.
"The UK is too small, the size of two Koto provinces, and Wales and Northern Ireland are too small to put on the market, so we just symbolically put some bikes over there, lest the locals think that we are favoring one over the other, and we don't actually treat these two parts as real markets. The main ones are England and Scotland, and the value of Scotland is not very large, to put it mildly, the enlightenment of England is actually just the enlightenment of England. And it is mainly the scope of metropolitan counties, and the market of non-metropolitan counties is not of much significance, so don't look at the establishment of Qixuan Britain not long ago, in fact, the British market is almost saturated. If we don't expand any further, it's time for our business to stop. ”
Shi Lei thought about it, this is also true, Europe is originally small in area, and there are so many countries, most of which are the size of one or two provinces in southeastern China. If Britain wants to become bigger, it can indeed only focus on the whole of Europe, rather than confined its eyes to a single country.
"What is the current valuation?"
"In the A round, my mother and I did it according to the valuation given by the venture capital fund in Europe, although we were our own people, but the accounts still had to be clear. At that time, the valuation was 180 million euros, and now we are preparing for the B round and have already made initial contacts with several countries in the European Union. In the face of this positive situation, our valuation has reached 340 million. I discussed it with my mother, and of course I discussed it with Li Qian, and we both felt that if we could stretch a little more, we would stretch a little more, and it is estimated that with the opening of our second country-level market, even if only the first batch of 10,000 to 20,000 bicycles is launched, this valuation can go up a little. There should be no problem with breaking through 400 million, and with luck, it may be possible to reach 4.5. ”
Shi Lei has no opinion on this, it's just that the B round valuation of 400 million, that is, 27.8 billion soft sister coins, seems to be a little lower than in China.
However, the initial investment of Qixuan UK is much higher than that of Qixuan in China, which does not take into account the brand value of Qixuan. If the brand value of Qixuan is taken into account, at that time, according to Li Qian Haocheng's 150 million and only 25% of the shares, it was actually a total investment of 600 million. At that time, it was almost 100 million euros.
The A round was only estimated at 180 million, which is still a little bit short of doubling, and now it can only be estimated at a maximum of more than 400 million, and there is still a major expansion, which is really low.
Song Miaomiao seemed to see Shi Lei's thoughts, and said with a smile: "Do you think the valuation is a little low?" Let me tell you, my mother and I, as well as Li Qian, have been busy for Qixuan Britain during this time, but they are not as good as dogs. The reason why the valuation is not so good is that in Europe, the bike-sharing project has not really formed a hot situation, which is different from China, after all, the population density is different. If your primary market was in the west, the value added would have been relatively slow. In addition, the cost is already high, and now it is good to have such a valuation. My mother said that in the next step, her main direction is to move Qixuan UK to the entire European Union, at least before the C round of financing, to open the markets of more than three major countries, France and Germany must be among them, so that when the round is rounded, it may not be less than Qixuan's financing in China. ”
Shi Lei has no say in this, because he has hardly much investigation, and he doesn't know how difficult it is for them to develop and enlighten the UK.
All along, what I have seen is good news, but it has not been compared with the scale of domestic development.
Now, Shi Lei understands a little better.
"The B round is only more than 400 million, and the top sky is less than 3 billion, can the C round really reach the level of the C round of domestic enlightenment?"
Song Miaomiao kissed Shi Lei on the lips, and said with a smile: "That's all, I'm still hugging it, my mother is more conservative, my own opinion is that because we are facing the entire EU market in the C round, I think it is possible to be directly estimated to be around 3 billion euros......"
"Seven-fold or eight-fold increase?"
"Let's see!" Song Miaomiao looked energetic, and just now when she was sluggish, she was swept away.
Seeing that Song Miaomiao seemed to be gaining momentum again, Shi Lei was a little unbearable, he hurriedly lifted the quilt and got out of bed, and said, "Take a bath, I'm almost tired, I took a ten-hour plane ride to come here today, and the jet lag hasn't been reversed!"
Song Miaomiao pursed her lips, followed Shi Lei into the bathroom dissatisfied, and after teasing him twice without success, she muttered, "I'm afraid you have to keep your spirits and deal with Sun Yiyi at night, right?"
Shi Lei's face darkened slightly, just now he suddenly forgot that there was such a stubble, he didn't look at the time, he just glanced out the window, the sky was still bright, but now it was the end of July and the beginning of August, and it was dark at seven o'clock at night, and it was five o'clock at this time.
I couldn't help but feel a little worried......
Of course I won't say it, otherwise Song Miaomiao's temper won't explode?
After washing, the two returned to the bedroom one after the other, Shi Lei put on a change of clothes, and the phone rang on the sofa.
When I picked it up, it was Sun Yiyi, Shi Lei's heart couldn't help pounding, and he answered the phone after walking to the balcony.
As soon as she connected, Shi Lei heard Sun Yiyi's voice with apology, and she said, "Brother Shi, I'm sorry, I'm afraid I won't have time to go over to have dinner with you at night." There was something unexpected in the company, and I had to stay. It is estimated that it will be eight or nine o'clock to finish. You can have dinner by yourself, and I'll call you when I'm done here. ”
Although Shi Lei also felt a little regretful, he was still relieved, no matter what, there was no need for Mars to hit the earth.
So, he said, "Okay, then you can get busy first." ”
Sun Yiyi hesitated for a moment and said, "Why don't you ask Master Shui and see if she can go over to accompany you?"
In any case, Sun Yiyi and Song Miaomiao always have to deal with each other, and after coming and going, she also called Song Miaomiao Shui Ye, which is mainly the reason why Li Qian Haocheng shouts like this in front of her every day.
Shi Lei hesitated for a moment, but decided to tell the truth: "She's here with me now." ”
Sun Yiyi was slightly stunned, and then said lightly: "Then let her accompany you to dinner, it's okay, you won't eat well alone." ”
Shi Lei couldn't help but feel a little sorry, so he said: "One by one, I'm not ......."
Before he finished speaking, Sun Yiyi interrupted him and said, "Brother Shi, don't say it, I know everything." It's okay, you two have dinner, I'm still a little busy here. I'm done calling you. ”
Shi Lei hung up the phone silently, looking at the Thames River not far from the balcony, slightly stunned.
Song Miaomiao hugged Shi Lei from behind, put her head on Shi Lei's back, and said softly: "First sister is not as easy to deal with as me and Wei Xingyue, right?
Shi Lei turned around, hugged Song Miaomiao into his arms, and whispered, "I'm sorry, I ......"
Song Miao stood on tiptoe, kissed Shi Lei, and blocked back what he was about to say.
"Wei Xingyue and I thought of this day when we decided to follow you, so there is no need to say I'm sorry. ”
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