At the shareholders' meeting of Bluestar Technology Group, Luo Sheng's first proposal has ended, and now all the shareholders attending the meeting are looking at him again.

Everyone is unhappy, especially the big six investors.

That's for sure, he was disarmed on the spot, and no one will give a good face.

Gleefully came all the way to attend the shareholders' meeting, and was "seized power" to exchange EB, which was unhappy with anyone, Luo Sheng didn't care at all, and could tolerate the shareholders present to express their displeasure, as long as the vote passed.

Don't care about my birds?

At this moment, the major shareholders are already preparing for a worse than the first resolution, and according to the usual practice, it is more likely to be further and more than possible.

All in all, the remaining two major decisions are certainly not a good thing, at least for external shareholders.

At this moment, Luo Sheng took a sip of water, Luo Sheng glanced around at everyone, and suddenly fixed on the seats of JP Morgan and Goldman Sachs, and the two major investors were inexplicably puzzled.

After a while, Luo Sheng said calmly: "The second thing is how the stock price of Bluestar Technology's IPO next year will be determined." ”

When I heard this, it was no wonder that I was asked to sign a confidentiality agreement when I attended the shareholders' meeting, but basically everything about the IPO had to sign a confidentiality agreement, because the time span was still very long.

Luo Sheng continued: "In order to repay the support of the majority of shareholders to Bluestar Technology, in addition to the major shareholders, we must also ensure the interests of small and medium-sized investors in the future, so we decided that the share price of Bluestar Technology's IPO next year will be executed by auction. ”

Goldman Sachs Group and JP Morgan both had a toothache when they heard this, and Luo Sheng's number was a pain for Wall Street investment banks.

The use of bidding to subscribe for the original shares of Bluestar Technology is really a starting price, and I have never seen such a meticulous calculation to the extreme.

Will you die if you make us a little more?

At this time, everyone inexplicably scolded Google.

It was Google that got off to a bad start, and the underwriters or investors present firmly believed that Luo Sheng had definitely studied the case of Google's IPO last year.

Because when Google went public, it was playing auction subscription.

Indeed, Luo Sheng referred to Google's case, and also determined to do this, who made the shares of Bluestar Technology a sought-after commodity, and the one with the highest internal subscription price would get it, so as to avoid diluting his shares at too low a price.

In previous listing actions, the price of the original shares was generally negotiated between the listed company and the underwriters, and the price was usually lower than the actual value.

The underwriters and their large clients earn the difference through internal subscriptions, which of course harms the interests of the company and the interests of small and medium-sized investors.

Not only that, but the underwriter will also control the allotment of the original shares, and must give priority to their very important large customers, and ordinary people will not get internal subscription rights at all.

To put it simply, high-quality IPOs like Bluestar Technology and Google are not something you can buy with money.

JP Morgan's representative sighed in his heart, and he could see that it was more difficult to take advantage of Luo Sheng's hands than to ascend to the sky.

He should go to work on Wall Street.

In fact, Luo Sheng not only referred to Google, but also studied Buffett's Berkshire Hathaway, as well as other listed companies.

Of course, it was Qin Weimu who helped him refer to the analysis data.

Paul Watson immediately looked at Luo Sheng and asked in a deep voice: "In that case, what is the minimum bid and upper limit per share?" ”

Luo Sheng's approach must ensure the interests of his founder team and small and medium-sized investors, so of course Wall Street will definitely make less money from it, which both parties know well, and it is not easy to talk about it on the surface, and it is useless to talk about it.

In fact, JP Morgan and Goldman Sachs, as investors in Bluestar Technology and also listing sponsors, are also thinking about this in their hearts, which is difficult to talk about on the surface, but they will definitely not cooperate behind the scenes.

When you seize the opportunity, you must be ruthless and not kill him.

This little bastard!

Luo Sheng didn't know what the other party was thinking, and he didn't need to dwell on it, so he replied with an innocent smile: "Don't worry, let's wait until next year." ”

Damn it!

When everyone heard this, they scolded in their hearts.

But think about it, if you set the subscription price now, you won't be the shrewd little bastard in their eyes.

Until the end, you will never reveal your hole cards easily.

Bluestar Technology's current development momentum will rise almost every quarter, and there will be variables in pricing until the day before the IPO is listed.

This matter was quickly negotiated, and Luo Sheng immediately threw out the third item for deliberation: "In the end, we decided to split next year's IPO into three financings, except for the first one, and the next two will be completed in early 2007 and late 2007 or early 2008 at the latest." ”

The investors present thought that the last matter would be more difficult to accept, but they were quite surprised, as soon as Luo Sheng's proposal came out, all shareholders raised their hands in favor.

Of course, the company raises funds to go public, hoping to raise as much money as possible, but this comes at a cost, and the company and its existing shareholders may not be able to get the maximum profit by diluting their own shares significantly.

Luo Sheng decided to split a financing into three times, the IPO stage in 2006 was one price, and after 2007, the market value and stock price of Bluestar Technology Group will be much higher than the IPO period.

Relatively speaking, in order to achieve the desired financing amount, only a small number of additional shares are needed to achieve the goal, and the shares in the hands of shareholders can naturally be diluted as little as possible, so as to ensure the interests of themselves and their investments to the greatest extent.

This is not only beneficial to Luo Sheng and the founder team, but also to all the shareholders present.

The previous two matters were only beneficial to Luo Sheng and his founding team, and had no benefit to external shareholders, and even lost interests, which was naturally unhappy.

And this time, of course, there was no reason to oppose it.

However, there must be a premise for this, that is, after the IPO, Bluestar Technology Group should develop well, and it is best to become more and more outstanding, so the value will be higher.

Obviously, almost all investors have confidence in Luo Sheng and his management team at this point, because they have proven that they can lead the company on the right path.

The third item was also passed without any suspense, and all shareholders had no objections.

There is still a big difference between the front and the back, and the sum that made a group of external shareholders unhappy before suddenly tasted the sweetness in the end, I have to say that they can see Luo Sheng's move, but it is indeed very cool and useful.

His psychological control of people really makes Paul Watson and others look sideways, not to mention taking advantage of him in vain, but beware of not being counter-routined by the other party.

Because he had been deceived by his youthful appearance and fell into a trap, 12% of the Class B equity was repossessed by her.

By the end of the shareholders' meeting, it was almost time to finish.

So far, basically Luo Sheng has made all preparations for the IPO listing of Bluestar Technology Group, and in general, what can be done, strengthened, guaranteed, imagined, and calculated has been arranged clearly.

The big tone has been set.

The next thing to do is to do a good job in the company's performance, products, and development with peace of mind, and try to achieve the highest valuation of the company on the day before the IPO.

For the external shareholders, they must be very dissatisfied with this shareholders' meeting, but they can reluctantly accept it.

Luo Sheng's treatment between himself and capital has achieved a perfect balance, which is easy to say, but it is not something that ordinary people can achieve.

Finally, during the closing of the meeting, Luo Sheng once again made a final speech, only to see him look around at all the external shareholders and laugh loudly: "Ladies and gentlemen, as early as during the pre-A round, I said that my investors, don't think about anything, don't do anything, don't ask anything, lie at home with peace of mind and count the money until the hand cramps, this non-binding commitment is not an absolute success, but today, there is no doubt that the signs of its success have become more and more obvious." ”

Paul Watson got up from his shareholder seat, came to Luo Sheng and joked with a smile: "I have to admit a fact, Mr. Luo, your shrewdness is really a bit excessive, and having such a person at the helm of Bluestar Technology Group definitely makes Wall Street love and hate." ”

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Sogou