Chapter 143 [Everyone is a Smart Man]
In the afternoon, when Yao Jianhong opened his personal computer, he found that he had received a formal offer from the Cote d'Azur company in his personal mailbox.
On the same day, he signed the contract and became a full-time employee of CΓ΄te d'Azur No. 005980.
Yao Jianhong joined the Cote d'Azur and received the first task to be responsible for the company's supply chain partners and sales department channel building, which was also his first assessment.
As the [Azure] plan progresses as scheduled, the sales side must also start to follow up, everything is from scratch, and it is natural to prepare, otherwise when the product launch conference comes out, consumers have no way to buy, so why not the company follow the fried?
On the side of Bluestar Technology, in the next few days of this year, Luo Sheng attaches the most importance to two important tasks.
The first is to prepare for the IPO plan in the United States, and the second is to complete the company's spin-off and reorganization plan.
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Entering the second half of April, the news of the industry was suddenly swept by the news related to Bluestar Technology, which made headlines some time ago, and now it is back.
At an earlier meeting of the board of directors of Bluestar Technology, Luo Sheng officially announced the news of preparing for listing at the meeting, and the directors appointed by major external shareholders then reported to their old clubs.
It didn't take long for the outside world to get the news.
The news has been covered by major global financial media outlets such as the Wall Street Journal, Bloomberg News, Reuters, and mainstream media such as CNN, The New York Times, and The Guardian.
As early as the end of April, Wall Street has already begun to hype, and the listing of Bluestar Technology Group (BTC) is undoubtedly another sensational and exciting fundraising move in history.
Some authoritative analysts even pointed out that the listing of "BTC" may exceed the IPO scale set by Google's listing last year, and may even become one of the largest IPOs in history.
The whole market is boiling. Get crazy about the code "BTC".
At first glance, it may seem unusual, but Google made $3.19 billion in revenue and $399 million in profit last year, with an average quarterly revenue of $797 million and a profit of $99.75 million.
On the other hand, according to the data of Bluestar Technology, the revenue in the first quarter of this year was 434 million US dollars, and the profit was only 3.17 million US dollars, according to this benchmark, the total revenue of the year was about 1.736 billion US dollars, and the profit was 12.68 million US dollars.
According to this number, Bluestar Technology's revenue this year is only 54.42% of Google's last year, and its profit is only about 3.17% of Google's.
How can Bluestar Technology's IPO surpass Google's market capitalization?
Naturally, shrewd Wall Street would not make such a low-level mistake and could not afford to lose itself.
You must know that the revenue of Bluestar Technology can almost be said to be supported by one of its six major sectors, that is, the social platform business, while the other five business segments are still in the growth period and have not yet made efforts, but the huge potential is the key.
Although the other business segments of Bluestar Technology are currently in a state of huge losses, Luo Sheng gave them great confidence, Wall Street is not afraid of Bluestar Technology's current losses, but is afraid that it will not make a lot of money in the future.
It is obvious that Wall Street is also well aware that Bluestar Technology's current losses are constantly investing in development and making more money in the future.
As long as it is a reasonable loss, a loss that can pay for making a lot of money in the future, Wall Street is completely acceptable.
After all, Wall Street as a whole holds more than 30% of the shares of Bluestar Technology, and it can exceed 40% after the IPO.
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Bluestar Technology Group headquarters, in a hall.
"Mr. Paul, we are hoping that Bluestar Technology Group can carry out a public offering (IPO) in the first half of next year, it is still too early, the board of directors disclosed the preparation of the IPO, I plan to communicate between the shareholders of the company, internal circulation, I didn't expect you to let the news out."
At this moment, Luo Sheng was interviewing Paul Watson, the head of Goldman Sachs Group, and Meng Qiu, the head of Goldman Sachs Capital in Greater China, was also present. β
Paul Watson did not respond immediately, it is true, before Goldman Sachs, almost all the world's famous investment banks came, such as Morgan Stanley, Zurich Credit, Citigroup, etc., which had already sent important people to Bluestar Technology to contact Luo Sheng before Goldman Sachs.
As early as 2003, when Luo Sheng founded Bluestar Technology, the U.S. stock market was undervalued due to the bursting of the Internet bubble.
Many investment banks are desperate for some special math to stimulate the stock market, which has been in the doldrums for two years, and last year's Google IPO became almost the stimulant for the entire stock market that year.
However, Bluestar Technology has risen against the trend in the downturn, and has grown to such a huge scale in less than three years, and its potential is faintly higher than Google.
If Bluestar Technology is listed, it will definitely be a super stimulant in the stock market.
"Mr. Luo, if BTC (Bluestar Technology Group) carries out an IPO, its scale will definitely not be smaller than the scale of Google's IPO last year, but Goldman Sachs Capital is very happy to contract and list Bluestar Technology in a big way, and it will be supported by high-profile support as always, and it will be done within three months without waiting for next year, and we dare to guarantee it." Paul Watson said, his tone was categorical.
In fact, what Luo Sheng just said Paul Watson didn't believe at all, or only half of it.
Some time ago, the board of directors announced the preparation for the IPO, but it is scheduled for next year, what did you reveal so early?
With such a long time span, there is no need for potential stocks like Bluestar Technology Group, you must know that before the Internet bubble burst, an Internet company successfully rang the bell on the NASDAQ without even going through a year from its creation to IPO.
And the strength of a capital group like Goldman Sachs on Wall Street is beyond doubt.
But Luo Sheng did just that, and he has been in contact with one world-famous investment bank after another, Paul estimates that Luo Sheng may have met no less than a dozen bankers before this.
And he showed patience.
At this moment, Luo Sheng said with a serious tone: "To tell the truth, Mr. Paul, there are more than 11 investment banks that want to contract the listing of Bluestar Technology Group, each of which includes Goldman Sachs, which is the world's top investment bank, I don't know what to choose, it seems that no matter which one to choose, it is okay for Bluestar Technology Group, everyone has brought full sincerity, I don't know how to refuse, it should be worth the joy, but now it has become a new trouble." β
After speaking, Luo Sheng sighed deeply helplessly, and Paul Watson was not moved at all when he heard this, but looked at the other party with a playful smile, and said: "Mr. Luo, you are young but I have to sincerely admire you, you are really calm and extremely shrewd in front of sophisticated Wall Street bankers. β
Luo Sheng immediately responded: "No, this is not shrewdness, this is honesty." β
When Paul Watson heard this, he smiled and didn't speak, and said in his heart: What a little clever ghost, damn it!
He knew that Luo Sheng was probably very clear about the cards in his hand and the cards in Wall Street's hand, and it was because of this that he revealed the preparation for the IPO in the previous timetable, but it was scheduled to be listed next year, but the time was not specific, and it is still vague.
Therefore, there are so many investment banks this time, which can be said to be endless, and Luo Sheng has not fallen behind and met with him for the first time to show his attention.
However, after meeting with more than a dozen investment banks, he has not been in a hurry to agree to any well-known investment bank to express his willingness to contract and go public, but has been extremely patient to keep in touch with many investment banks.
How shrewd is Wall Street?
In fact, everyone is a shrewd person.
Paul Watson knew why Luo Sheng did this, which was to keep the commission as low as possible, and to keep the underwriter's commission to a minimum without offending any of the famous investment banks.
His speculation is not wrong at all, suppressing the commission, this is the core starting point of Luo Sheng's doing, and this does not seem to be very clever, because it is not difficult to come up with this result with a little brain and rational speculation.
But this just shows Luo Sheng's calmness, patience and shrewdness, because even if everyone knows what he wants to do, they all rush upward.
Because of the benefits!
Luo Sheng pointed directly at human nature and real vested interests, which seemed to be full of flaws but were actually indestructible.
Traditionally, the listed underwriters will charge 7% of the financing amount as a commission, and if Bluestar Technology Group's IPO ends up raising $3 billion, if the usual 7% ratio is followed, then the sponsor will have to pay a hefty commission of $210 million.
For investment banks, the money is no different from lying down and making it, for no other reason, and the huge potential of Bluestar Technology Group reduces the risk to an exaggerated level.
The net income is so huge and the risk is so small, it is simply contrary to investment common sense, and of course the major investment banks are rushing to contract.
However, they met Luo Sheng, it is impossible to earn a huge net income from him with a very small risk, the smaller the risk, the less you must earn, this is the investment.
What's more, this is already a lot of commissions, and it is only a part of the income that the investment bank sponsoring the listing can receive, not all the income.
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Sogou