Chapter 163: Finalizing Financing
Fang Ping looked at the dense crowd of people in the audience, and he was not stage frightened, and smiled: "Introduce yourself, I am the founder and CEO of Future Technology, Fang Ping!" ”
"Thank you for your optimism about the future of science and technology, come to the magic capital thousands of miles away, and come to the future technology A round of financing site, thank you!"
As he spoke, he bowed to everyone in the audience.
Everyone in the audience was secretly surprised, they had long heard that the founder of Future Technology was a very young man. It is said that he is still a sophomore at Fu University, and when he saw it today, he was sure of it.
But in addition to being surprised, everyone was so polite to Fang Ping, and they were very comfortable in their hearts, and they couldn't help applauding.
The applause was very enthusiastic.
Fang Ping smiled humbly, and said in a sharp tone: "I believe that before you come, you already have an understanding of future science and technology, and the achievements of future science and technology are also obvious to all." I won't go into too much detail here. ”
"At the same time, in order to avoid wasting everyone's time, I will not hide it, and the future technology transfer shares will be 20%, and the financing amount will be 7.6 billion US dollars."
Everyone subconsciously wanted to applaud, but they immediately reacted, no, your financing process is too simple, right? When other companies came to us for financing, it was a PPT and a story concept, and we were afraid that we would not invest money.
You're good, we all know each other, and it's over?
Aren't you afraid that we won't invest money?
And if you transfer 20% of the shares, you dare to ask for 7.6 billion US dollars. Isn't your valuation of future technology already $38 billion?
You're wronged by us!
As much as you say, you can do as much. Whether it can achieve such a high valuation depends on whether there is an investment bank approval, okay!
Thinking about it, everyone looked around, waiting for others to stand up, refute Fang Ping, and suppress the high valuation that Fang Ping shouted.
Then when the person who refuted Fang Ping was disgusted by Fang Ping, he came out to make a haha, raised the valuation a little, and picked the peaches.
It's just that everyone thinks so, but no one stands up to express their position, approve, or disagree with the valuation code shouted by Fang Ping.
For a moment, the venue fell silent.
Fang Ping on the stage was not in a hurry, and waited quietly, anyway, the investment bank chased him for financing, not him to ask for investment bank financing.
Although the valuation of 38 billion US dollars he shouted is indeed a premium. But he only intends to raise funds this time, and then until the listing.
In other words, if you want to get on the first ship of Future Technology, only this time, if you miss it, you can only wait for Future Technology to go public.
It's just that at that time, the profit margin was much smaller.
"Boss, there are a lot of media reporters outside, how to deal with it?"
At this moment, Su Xiaoxiao walked from the stage to the stage, came to Fang Ping's side, and said in a low voice.
Fang Ping was surprised: "Have you notified the media?" ”
"It's not what we notified, it should be that the media got the news of today's Future Technology Series A financing and came spontaneously!" Su Xiaoxiao shook her head.
That's right, in the past two days, the heat of Future Technology's Series A financing has remained high, and it is normal for media to come to the scene.
Fang Ping thought for a while and said, "That's it! You arrange for someone to arrange for the incoming media to rest in the hotel. When the financing negotiation is over, you will hold a press conference on behalf of me and on behalf of Future Technology to announce the final financing amount! ”
"Boss, for such a major matter as future technology financing, you let me represent you? You're not ready to walk to the front desk yet? Su Xiaoxiao was stunned.
Fang Ping shook his head: "Let's delay it for a while!" When the time comes, I'm talking! ”
He knows very well that once he walks to the forefront, there are invisible restrictions on what he says and does, which will also cause a lot of controversy and bring great inconvenience to life.
So he didn't rush to the front desk.
"Well, okay, then I'll go down and arrange it first!"
Su Xiaoxiao whispered a few words, hurriedly walked off the stage, met with the staff on the side of the main and table, and hurriedly walked out of the conference center.
This scene was seen by everyone in the audience, and there couldn't help but have a trace of commotion.
Finally, someone couldn't help it, stood up and said, "Mr. Fang, I am very optimistic about the development of science and technology in the future." But the valuation you prescribe is too much of a premium. Far more than the value of future technology itself! ”
"Yes, yes, the premium is too high, so it's better to have less."
Some of the people sat in their places one after another, gossiping in agreement.
Fang Ping raised his eyebrows, looked at the representatives of the top ten international limelight companies under the stand, as well as a small number of strong investment companies, all remained silent.
The representatives of the companies that echoed were only some of the venture capital companies that were not very strong.
I couldn't help but reach out and press it, stared at the venture capital representative who stood up, and said lightly: "You don't agree with my valuation price of future technology?" ”
"Yes, the valuation you offered, the premium is too high!" The standing venture capital representative nodded.
"Okay, please go out and turn left, thank you!"
Fang Ping stretched out his hand, made a gesture of please, pointed at the gate of the conference center, and said lightly.
The standing venture capital representative was stunned: "What do you mean?" ”
"Since you don't agree with my valuation of future technology, there's no need for you to stay here. So please leave! ”
Fang Ping said lightly: "Of course, your round-trip ticket to the magic capital, as well as accommodation and living expenses, will be reimbursed by my Future Technology!" ”
The venture capital representative who stood up was stunned.
The rest of the VC representatives who echoed were also stunned.
I'll go, it seems that we are the ones who pay for it!
But here in him, I feel that it is our grandson who pays for it, and the one he asks us for money has become an uncle?
This is special, unscientific!
It is the international investment banks, and the corners of the mouths of the strong domestic investment banks are twitching, and the reason why they did not follow the voice of the venture capital company just now made a statement.
First, they only regard venture capital companies of the same level as opponents, and the attitude of other venture capital companies does not matter. Because they can't come up with that much money!
Second, and most importantly, they all know that Fang Ping's head is very iron, which is different from other startups. Others are begging venture capital companies for financing, but he himself and his money are not indifferent to venture capital.
Otherwise, since the establishment of Future Technology, it has developed into a social giant in Huaguo, and it has not been financed once.
It's just that they never expected Fang Ping to be so rigid and invite a venture capital representative who has opinions about his valuation to go out in public.
This is unique in the history of venture capital.
However, they also saw that Fang Ping's attitude towards venture capital was still the same as always.
If you want to invest, just calculate it according to my valuation. If you don't vote, please go.
To say that it is not angry, it is absolutely false.
It's just that they know that the future technology has been created from scratch, and along the way, there has been a four-word label, and I am not short of money.
In order to get on the train of future technology, they were angry, and they also chose to endure it.
After all, you can't get along with anyone, you can't get along with money.
After a long while, the venture capital representative who stood up said inwardly: "Mr. Fang, if you do this, aren't you afraid that our venture capital here will not give you future technology investment?" ”
"It doesn't matter if you don't vote! I am not short of money, I have enough funds to bring the future technology to market! ”
Fang Ping said indifferently: "In addition, I am here, and I solemnly reiterate that Future Technology will only raise funds once today." There will be no more financing in the future. To a certain extent, go straight to the market! ”
The venture capital representative who stood up was as disgusting as swallowing a fly in an instant, and he had the heart to refute but couldn't speak, and finally just sat down hatefully, I want to see if you shout such a high valuation, is there that stupid fork, willing to accept it!
However, there was a trace of turmoil among the representatives of the top ten international investment banks, and they finally understood the confidence of Fang Ping to shout out a valuation of 38 billion yuan at a premium.
In addition to the value of the future development of science and technology itself, I am afraid that this only financing opportunity has also become a bargaining chip for the other party.
In the next second, Gao Sheng, one of the top ten international investment banks, stood up and said: "Mr. Fang, I, Gao Sheng is willing to lead the investment..."
"I, JPMorgan Chase, am also willing to lead the pitch..."
"And me..."
Gao Sheng's representative started, and other venture capitalists followed up with nonsense, some asked to follow Gao Sheng to lead the investment, and some asked to follow the investment.
The face of the venture capital representative who stood up before was swollen, and he thought that no one would accept the valuation given by Fang Ping, but he didn't expect so many people to accept it, and these people are either representatives of major international investment banks or representatives of top investment banks in China.
I was speechless in my heart, and I couldn't help but curse, what the hell, are these people crazy? The future technology lion opened his mouth and released such a large valuation, you actually dare to invest?
Aren't you afraid of falling into the pit and not being able to get out?
Fang Ping was relieved to see that some investment companies recognized the valuation he gave.
Although he just said that he didn't care if anyone invested, in fact, he still hoped that someone would invest, not because of money, but because of the huge power behind the capital.
The future of technology will require the power of capital to drive rapid expansion.
Of course, there is a more important point, the A round of financing of Future Technology has made a lot of noise outside, and even a lot of reporters from major media have come. If in the end, because the valuation is too high, there is no income, it will be a joke.
Fortunately, the future technology valuation he gave was recognized by investment banks.
Then Fang Ping immediately arranged for someone to keep the venture capital company that recognized the valuation, and invited the venture capital company that did not recognize, or could not afford to pay the money, and did not participate in the co-investment.
Almost a quarter of an hour later, there were only thirteen representatives of venture capital firms left in the huge conference center.
Among them is Wang Hong of the China Commercial Group.
After a period of negotiation with representatives of these 13 venture capital companies, Fang Ping finally finalized the financing plan for Future Technology to transfer 20% of its shares and raise 7.6 billion US dollars.
After the A-share financing of Future Technology, the shareholding structure is as follows.
Fang Ping holds 80% of the shares.
Gao Sheng led the investment to hold 6 percent.
Morgan followed the investment, 4 percent.
Sequoia holds three percent.
The remaining 7 percent will be divided among the other 10 venture capital firms.
Next, under Su Xiaoxiao's arrangement, Fang Ping and various venture capital representatives held a simple signing ceremony without media reporters in the conference center.
At the same time, Fang Ping also took a group photo with various venture capital representatives.
Of course, the group photo is only open internally, not to the public.
At the end of the signing, Su Xiaoxiao, on behalf of Fang Ping, went to the hotel conference room with representatives of various investment banks to participate in the press conference of Future Technology and publicly disclose the financing results.