CHAPTER 73: KICK OFF

The next morning, Lin Feng sent Ye Weiyu to work as usual. Pen Fun Pavilion wWw. biquge。 info

Along the way, Ye Weiyu always stared at Lin Feng.

Lin Feng touched his face strangely: "What's wrong?

Ye Wei smiled coquettishly: "No...... , I always feel that you are a little different today than usual!"

Lin Fengqi said: "How is it different?"

Ye Weiyu really thought about it seriously, thought about it for a long time, and shook her head: "I can't say it, I just feel it...... , Lin Feng, I feel that you got up this morning and were very gentle with me...... , said, did you do something sorry for me?"

Lin Feng sweats, my God, a woman's sensitivity is really talented!

Shook his head with a wry smile: "What can I do to be sorry for you? It's not good to be gentle with you...... Then I'll be a little more fierce in the future. ”

Ye Weiyu observed his face, hugged his arm with a smile, and said happily: "No, I like it very much, you have to behave so well every day!"

Lin Feng reached out and pinched her little Qiong's nose, "Okay, I'll behave well every day in the future to make you satisfied, okay." ”

Ye Wei said angrily: "That can't be too deliberate, just like this, hmm...... A natural feeling!"

Lin Feng smiled and shook his head: "Your request is too idealistic, okay, I'll do my best!"

remembered the thoughts that flashed in his mind last night, and said: "Yezi, there is something I want to discuss with you, the lease of this house is almost up, I now have tens of millions in the bank, and there is nothing to invest in for a while, let's just buy a house." ”

For women, having their own house and home will be more emotionally secure.

Although Ye Weiyu also has money in his hands, Lin Feng has never mentioned it, and Ye Weiyu has not taken the initiative to say anything about buying a house.

Ye Weiyu nodded: "Okay, I've been thinking about this recently...... However, now this house is actually quite good, a little reluctant. ”

Lin Feng smiled: "You just love the old and cry your nose as soon as you move...... , I forgot when I just moved from Panjiayuan, and I was happy again when I entered my new home...... Just pick a good real estate nearby, or you want to go to work conveniently, we completely according to their own ideas to decorate it, get a dream home!"

Ye Weiyu nodded, her eyes full of longing.

Ye Weiyu had to take care of the affairs of the new home, and Lin Feng was also happy that she had found something she liked, so she would go, and said with a smile that she would be responsible for paying for it.

sent Ye Weiyu downstairs to the company, the two kissed goodbye, and abused a circle of dogs.

………………

Lin Feng drove to the company.

As soon as he entered the office, Li Dong walked in with the papers.

"Lin Dong, this is the list of the listing team I selected, take a look, do you have any comments?"

"Okay, I'll take a look. ”

Lin Feng said as he took off his coat, and Li Dong took it casually and helped him hang it in the closet by the wall.

Wearing a suit and a small vest inside, chaining a pocket watch in the vest pocket, loosening the shirt collar and two buttons, casual and chic, without losing grace, Lin Feng is now more and more bossy, took the list, sat on the sofa and looked.

Li Dong sat skillfully on the side, receiving water, making tea, and getting along for a long time, he also knew Lin Feng's habit of coming to the company in the morning and drinking tea and talking about things.

It is in such small details that the tacit understanding between Li Dong and Lin Feng is increasing bit by bit.

Li Dong's list is very detailed, listing the background, strength, and resource advantages of each institution.

For the lead underwriters, whether it is Goldman Sachs, Credit Suisse, Morgan Stanley, JPMorgan, Deutsche Bank, Citigroup, are the world's top investment banks, who to choose, one is to see the investors they can provide, how much effort they are willing to spend to help you push, and the other is to look at the fees.

For overseas listings, the underwriter's commission is the bulk of the listing fee, generally between 6% and 8%, and also includes a certain percentage of oversubscription rights, which can be discussed. For example, when Facebook went public, because the valuation was as high as $100 billion, the underwriters reduced the commission ratio to 1.1% in order to participate in the feast. When Ali went public, it also talked about the commission of 2%.

Of course, Menglong is still a relatively small company, and its valuation after listing is at most $1 billion, which is definitely not so low, but it is also necessary to pick and choose, after all, there are tens of millions of dollars per percentage point.

Goldman Sachs and Da Mo as Wall Street bigwigs, the lead underwriter must choose one, because of the relationship between Li Dong, Goldman Sachs can be said to be a must, then what needs to be selected is to assist the underwriter, Lin Feng tends to JPMorgan, Credit Suisse and Deutsche Bank, in Lin Feng's memory, these are often underwritten for domestic Internet companies to go public, Deutsche Bank in the European market, Credit Suisse in Hong Kong and Singapore have a great influence in the market, and their investor list will be more recognized for China's business.

As for law firms and accounting firms, Lin Feng didn't bother to look at Li Dong's list of a large list, and asked Li Dong to list the two most preferred options and go to the board of directors to determine.

Li Dong smiled: "Then the law firm is tentatively Davis Polk (DavisPolk.WardwellLLP) and O'MelvenyMyersLLP, both of which attach more importance to Chinese business, and the accounting firms are tentatively PricewaterhouseCoopers (PWC) and Deloitte Touche Tohmatsu (DDT)?"

Lin Feng nodded: "Okay, you are professional in this area, and your opinion is the main thing." ”

"Another thing is that we need to hire another Director of Investor Relations (IR) for the purpose of going public, and will be responsible for promoting the company to the capital markets, including communicating with sell-side stock commentators and buy-side fund managers, as well as disseminating information through financial media," Li said. ”

Lin Feng remembered that he had asked the human resources department to recruit the head of the marketing team of the popular game business group, so he called Ren Jie into the office and just asked.

Ren Jie is a very low-key but conscientious and responsible director of personnel administration.

She would think of many things in advance, such as at this time, when she entered the office, as soon as she heard that it was this matter, she took out three resumes from the folder in her hand and handed them to Lin Feng.

"Boss, after the headhunter recommended, I have screened and prepared three candidates for you, and I am about to report to you. ”

Lin Fengyile: "Okay, Ren Jie, you are prepared, then I'll take a look first, you listen to Joe talk about the requirements for the selection of investor relations director." ”

Look down at the file.

Ren Jie's three selected candidates, one is Wahaha's East China regional sales director, the other is Mengniu's South China sales director, and the other is interesting, it turned out to be the regional sales director of Alibaba's B2B business.

Lin Feng snorted and asked Ren Jie: "Alibaba, this woman named Zhou Min is a woman, how did you think of including her as a candidate?"

Ren Jie said: "I'm quite optimistic about her, boss, you look at her resume, before joining Alibaba, she worked in sales in the field of FMCG, and was the sales manager of a beverage company in Hangzhou, which was later acquired by Wahaha. After being in charge of the B2B business after Alibaba, and then promoted to regional sales director in two years, there should be no problem in terms of ability, that is, I know how to manage traditional sales channels, and I have an understanding of the Internet, I think it is more suitable. ”

Lin Feng smiled and handed her the resume: "Okay, you and Zhang Zhijiao will meet first, all three of them will meet, meet first, and then Joe and I will meet again." ”

In addition, the director of investor relations that Joe just mentioned is also speeding up recruitment, and this position is more urgent. ”

"I understand, boss. ”

"Ren Jie, the company's next development speed will be accelerated, and there may be a lot of new positions, especially on the side of Fengxing Technology, you think about it, if there is a suitable candidate below, you can be promoted, mainly responsible for the work of Menglong Company, you have to transfer your energy to Fengxing. See what I mean?"

Ren Jie nodded: "I understand, I listen to your arrangement." ”

"Okay, you go get busy first. ”

After Ren Jie went out, Lin Feng still had an important matter to talk to Li Dong.

"Joe, you are responsible for arranging the VIE structure, you help me register a private company in Cayman, and on my behalf to invest in the Cayman SPV company that we are going to use for listing. In addition, for this pre-IPO private placement, you are responsible for contacting two overseas funds and institutions, plus Zhao Jun's Boyu Investment, and you will set three. If the financing ratio is concerned, it will be negotiated at 10%-15% first, depending on the valuation. ”

Li Dong thought for a while, nodded and said, "Okay, I'll handle this matter." You can rest assured. ”

………………

On April 15, 2003, the board of directors of Menglong Technology approved the listing plan and employee equity incentive plan submitted by Li Dong, and determined the composition of the listing team.

The IPO team consisted of Goldman Sachs as lead underwriter, JPMorgan, Credit Suisse AG and Deutsche Bank as the assisting underwriter. It was also determined that DavisPolk.Wardwell LLP and Deloitte Touche Tohmatsu (DDT) would form the listing team of Menglong Technology.

Li Dong used his many years of contacts and connections at Harvard and Goldman Sachs to quickly reach an agreement with the relevant institutions, and the underwriter's underwriting commission was 5%, and Lin Feng was very satisfied.

In May 2003, the domestic Internet companies were slowly recovering, and the overseas listing window was closed for three years, and I don't know when the overall industry downturn will break the ice in the capital market.

Menglong Technology, an SP company founded less than 2 years ago and with an annual profit of more than 150 million, quietly launched its listing plan.

"KICKOFF".