Chapter 075 [Cash Out $400 Million]
Luo Sheng decisively quoted a price: "According to the valuation after the B round of financing, I plan to transfer 12% of the company's equity held by individuals and cash out 400 million US dollars." ”
Chen Tao, the representative head of IDG, roughly silently counted the numbers, and suddenly said: "No, 12% set of 400 million US dollars? This is significantly higher than the Series B financing, which is valued at $3.33 billion, and the Series B financing is valued at $3.25 billion. ”
Luo Sheng suddenly spread his hands and complained again and again: "I said Mr. Chen, you are all top big VCs, how can you stare at the small market if you want to see the big market, why bother so much?" Isn't rounding up and that's it? It really has to be evaluated according to the process, and it is not a problem for Bluestar Technology to be valued at more than $4 billion, and you still don't want me to make up a whole number......"
Chen Tao: "......"
Everyone was speechless on the spot, and they all wanted to be serious, but Luo Sheng's tone of remarks really made people feel unbearable.
Although the money can be taken out without much pressure, it is not good if the wind blows? Besides, the valuations are all fictitious, and now it's time to pay real money, can it be the same......
"I'm throwing 12% of the equity and asking for $400 million, which is not too much, do you have any objection?" Luo Sheng looked at everyone and said again.
A group of investment shareholder representatives did not answer him, of course, there is no objection, that is, the risk leverage has increased, but at the same time, it also means that the income has increased, Bluestar Technology does not say that the prospect will be successful, but the potential for success is becoming more and more clear, which is the core reason why the major VCs will be willing to be "slaughtered".
Everyone understands people, needless to say too thoroughly, Luo Sheng added: "OK, how to eat the 12%, you can talk about it, if it's inconvenient, I can also avoid it." ”
Meng Qiu stopped his hand and said: "Oh, come on, what do you need to dodge, I have never seen such a bad one, halfway hooligan, Goldman Sachs is the first time to 'plant' such a heel, you can only follow all the way to the dark when you get on your thief ship, whether it sails to the other side of success or a shipwreck, let's see." ”
"This ship will become an aircraft carrier, rest assured." Luo Sheng said with a bright smile, didn't leave, and continued to sit, but suddenly disdainful in his heart: How many of you who play with capital will do loss-making transactions?
In the next 20 minutes, several major VCs discussed with each other and reached a consensus in less than half an hour.
$400 million is definitely a lot of money.
This time, Luo Sheng transferred 12% of the equity of Bluestar Technology Co., Ltd., which was endorsed by six investment institutions: Softbank, Goldman Sachs, Venture Capital, IDG, Morgan's investment bank, and state-owned Huajin Securities.
That is to say, each investment institution accounts for 2%, according to the proportion of capital contribution, Sequoia Capital chose to take the initiative to withdraw, Teng Xun can't come up with so much money, even if 2% is calculated at the current exchange rate, it will have to contribute ¥550 million to eat, Teng Xun can't take out so much cash now, can't fight cash flow with those VC institutions, and this time I just got a right to know.
In addition to the six investment institutions, the other shareholders basically came to play soy sauce with them this time.
Qin Weimu helped Luo Sheng draw up the contract and audit, the two sides successfully completed the signing of the equity transfer agreement at 15 o'clock this afternoon, the six major investment institutions have increased their holdings of 2% of the shares of Bluestar Technology Company, and Luo Sheng successfully cashed out 400 million US dollars, and the funds will be credited to his account about a week later, which is a large amount, and it takes time for financial liquidation.
This money does not belong to the company's assets, but Luo Sheng's personal disposable assets, but after the completion of the transfer, he has to pay 20% tax according to law, and the actual personal disposable funds in hand are equivalent to about 2.635 billion yuan in domestic currency.
The shareholding structure of Bluestar Technology has once again ushered in a new round of changes.
Option Pool Reserved: 11.05%
Luo Sheng: 45.6%
Tengxun: 9.45%
Goldman Sachs: 8.148%
SoftBank: 7.26%
Venture Capital: 5.51%
IDG:5.13%
Morgan: 3%
Huajin Securities: 3%
Sequoia: 1%
Others: 0.852%
This time, the equity change of Bluestar Technology Company is not a capital increase or share expansion, but an equity transfer, and the company's own assets have not increased or decreased.
The equity of the other shareholders is basically unchanged, but the change is Luo Sheng and the six major investment institutions, the former sold 12% of the equity to cash out 400 million US dollars, and the latter each bought 2% of the equity to increase their holdings.
Luo Sheng's personal shareholding in the company's equity has dropped to 50% for the first time, but he and his management team together still hold more than 56% of the company's equity, even if the equity held by the management team is excluded, only Luo Sheng's personal shareholding still maintains absolute control over the company, the shareholders' meeting, the board of directors he absolutely controls, and the board of supervisors also has his people.
……
Meng Qiu looked at Luo Sheng with a smile and said: "Hehe, Mr. Luo, I have to say that you eat the capital to death, Bluestar has not yet IPO, you have set up 400 million US dollars, and still have the absolute right to speak on the company, this is the biggest indulgence I have seen in the investment community for the founder, I hope you can bring investors a matching rate of return." ”
Luo Sheng replied with a smile: "To be honest, if it weren't for time, I would definitely wait for the company to go public." ”
Meng Qiu glanced at him in surprise: "So in a hurry?" Well, to put it mildly, you want to make a name for yourself in the ICT field from scratch...... 400 million US dollars, less than 300 million points after tax, and nothing can be spent without adding a zero. ”
As long as you don't toss with investors' money, it's best to lose blood, and come back quickly and honestly develop Bluestar Technology.
Speaking of this, Meng Qiu shook his head and added: "Even if it is 3 billion US dollars, it may not be able to play much of a fame, and how many times can you toss the existing equity in your hand?" Right? ”
Luo Sheng didn't mind his words of hitting people in front of him at all, and said with a smile: "One time is enough, who knows?" Sometimes I do it, maybe I'm lucky? ”
Meng Qiu shook his head with a smile, and just said a few words casually, and after the matter was done, he said goodbye and left, and the shareholder representatives who came this time also left one after another.
The news about Luo Sheng's successful cashing out of ¥3.3 billion (before tax) with a 12% equity transfer spread quickly, and for a while, the news spread rapidly in the industry like wings.
The major domestic media reported on this, which once again stunned the insiders.
Many senior practitioners in the industry only feel that when they wake up, there is something wrong with this world.
Is all that capital crazy?
Or is it possible that those investment institutions have Luo Sheng's relatives?
Why?
Bluestar Technology has not yet been listed for IPO, he has successfully cashed out 3.3 billion yuan, take a step back and say that even if the company is finally finished, Luo Sheng will definitely not lose, the money has already arrived, and it is an astronomical amount.
This news is full of deep malice for countless entrepreneurs and startups who are worried about funds.
It's really more popular than people, and when I get up early in the morning and see this kind of news, many entrepreneurs just want to scold my mother.
For Luo Sheng, I don't know how many people are envious and jealous, this 3.3 billion is no longer a virtual valuation, but real money, and more importantly, such an astronomical amount is not the company's assets, but personal net assets.
This also made Luo Sheng once again the focus of the news media, at the age of 19, he set a fortune that 99% of the world's people could not reach, became the youngest billionaire in China and even the world, and successfully entered the domestic ¥1 billion club.
Legendary, or in this unbelievable way.
With a personal net worth of ¥2.6 billion yuan, he successfully squeezed into the top 25 ranks of the domestic rich list, and only struggled for more than a year to create this wealth myth, and is currently a popular candidate for the richest man in the country, because Luo Sheng also holds nearly 45 or so shares of Bluestar Technology, once the IPO is successfully completed, his personal wealth will once again usher in a terrifying surge.
Even though Luo Sheng does not accept any media interviews or participate in any program interviews, the media still favors him, and news reports about him continue one after another.
Such people, such things, are too newsworthy.
……
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