Chapter 504 [Seven Funds Subscription]

With the end of the dialogue forum, major media also began to report, but the hottest thing on the Internet was Luo Sheng's various golden sentences at today's summit, which spread all over the Internet on the same day, and netizens frantically participated in the army of memes.

However, when the outside world was hotly discussing these topics, Luo Sheng had already invited a dinner party that night and met with a group of special people.

Banquet.

There were nine people sitting at a table, more than half of them were foreigners, and there were even Arabs in the ranks, but even so, they still drank, compared to the Middle Eastern world.

"Mr. Luo, let me introduce you to ......" The CEO of the host HK Securities and Futures Commission introduced Luo Sheng to Luo Sheng one by one with a smile his unfamiliar faces, and he was also quite attentive, and he had already guessed in his heart that it was not surprising that these people should be big buyers of Bluestar Technology's listing in Hong Kong.

The first person to be introduced was the head of the Norwegian Global Pension Fund, which is currently the world's largest sovereign fund, with total assets of $785.2 billion, equivalent to 1.52 times the country's GDP, the fund is financed by all income from the oil and gas industry, 60% of the fund's assets are invested in equities, and the rest is used to buy government bonds and real estate.

The second is the Sat Sovereign Fund, which totals $675.8 billion, equivalent to 94% of the country's GDP, and is mainly financed by oil export revenues, and the fund's investment strategy and asset composition are not disclosed.

The third is the Abu Dhabi Sovereign Fund, with a total of $627 billion, equivalent to 2.53 times the country's GDP, the fund can get 70% of the annual budget surplus and dividends of the national oil monopoly giant Abu Dhabi National Oil Company, and more than 75% of the fund's assets are managed by foreign investment funds, mainly invested in stocks of developed country companies and U.S. Treasury bonds.

The fourth is the Kuwaiti Sovereign Fund, which totals $386 billion, equivalent to 2.09 times the country's GDP, and receives about 10% of the country's revenue each year. Stocks of Daimler AG, BP and Bank of America Merrill Lynch are important investments for the fund.

The fifth is the Hong Kong Monetary Authority, with a total of $326.7 billion, equivalent to 1.24 times the region's GDP.

The sixth is Singapore's Temasek Holdings Limited, which totals $173.3 billion, equivalent to 63% of the country's GDP, and more than 70% of the company's assets are currently invested in Asia-Pacific companies, mainly financial and transportation companies.

The seventh is the Government of Singapore Investment Corporation, which has a total of US$285 billion, equivalent to 1.03 times the country's GDP, and the company's funds are mainly invested in real estate and infrastructure, as well as equities.

With the completion of the introduction, Luo Sheng secretly sighed in his heart that the country has a skill, and it can be seen that he must have made a lot of effort behind the scenes to get the world's seven sovereign wealth funds.

It can be seen that the country has successfully listed in Hong Kong for Bluestar Technology this time, which can really be described as an all-round escort rhythm, and no private company has ever had this treatment before.

However, this time, there are no domestic sovereign funds involved, such as the National Social Security Fund and the State Administration of Foreign Exchange, which are actually eager to participate in this gluttonous feast.

But in the end, it was rejected, because the State-owned Assets Supervision and Administration Office is already the largest shareholder of Bluestar Technology, currently holding 25% of the shares, and sold 3% of the shares some time ago, cashing out 24.9 billion US dollars.

At the same time, it cannot be ignored that the country has made such great efforts because it is the largest shareholder of Bluestar Technology.

Obviously, Wall Street once held more than 65% of the shares of Bluestar Technology, but now it is less than 20%, and in the future, after Bluestar Technology completes its listing in Hong Kong at the same time, Wall Street's influence will be greatly reduced.

At the end, the chief executive of the Hong Kong Securities and Futures Commission said with a smile: "After the restructuring, Hong Kong stocks will support the provisions of different rights of the same shares, Bluestar Technology will be listed in Hong Kong, IPO public offering, these seven sovereign wealth funds are internalized, and will subscribe for a total of 24.5 billion US dollars of raised funds, not counting other subscription accounts and retail investors' subscription amount, which has already created a new record for IPO." At the same time, the seven sovereign wealth funds have pledged to buy an additional 1% of BTC treasury shares from your company for long-term holding to ease your company's debt burden. ”

This is equivalent to an average of $3.5 billion in subscription funds from each of the seven sovereign funds, and at the same time they all buy 1% of the shares, and each sovereign fund will pay $8.3 billion, for a total of $11.8 billion per sovereign fund.

The subscription amount of the IPO plus the amount of treasury shares purchased, the seven sovereign wealth funds will bring a total of $82.6 billion in cash flow to Bluestar Technology, which is undoubtedly an astronomical amount.

Once the money arrives, Luo Sheng can basically conclude that he does not need his family fund to come forward, and he can continue to hide and solve the current financial problem of Bluestar Technology.

With this money, Bluestar Technology's cash on the books will be close to a terrifying scale of $300 billion, and its debt level will drop directly from the high risk zone to the safe zone.

While the ability to pay off the debt, there is also ample liquidity to advance the three major strategies of the US$150 billion research budget, expanding the business in the mainland market, and expanding into emerging market economies.

Luo Sheng said with a smile: "It's not a secret, the company's internal issue of Bluestar Technology's IPO in Hong Kong has been decided, we plan to raise $29.7 billion from the society, and the seven sovereign wealth funds have solved $24.5 billion of it, and I am very much looking forward to this IPO." ”

After saying that, everyone clinked glasses to each other.

The vice president of the Norwegian sovereign wealth fund said with a smile: "The U.S. stock market is as strong as a forest, there is no scarcity, you can catch a lot of the same type of company in the U.S. stock, and the scarcity means that there is no premium, compared to the U.S. stock, the Hong Kong stock market has too few powerful companies, Bluestar Technology Group has scarcity in Hong Kong, everyone will think that this is the best in the IT sector, and they will rush to ......"

This is almost so straightforward, in fact, it is very explicit.

Scarcity means that everyone thinks that you stand out from the crowd, and they will give you a high premium, and the agency will bring the leeks under your command to fry you to the sky, until your own mother doesn't know you.

This is the fundamental reason why the seven sovereign wealth funds dare to spend $11.8 billion each on the sky-high subscription amount, because there is a lot of profit to be made.

Luo Sheng dares to pack a ticket, if Bluestar Technology is listed in the big A, it is really possible to be fired to the rhythm that his mother does not know, and it is definitely not an accident that the total market value will reach more than 12.5 trillion yuan (2 trillion US dollars) after the listing.

You must know that Bluestar Technology was once speculated to a high of $1.7 trillion in the U.S. stock market, and it was not easy to break $2 trillion in the big A listing of the "independent market"?

Fortunately, Bluestar Technology is really unable to be listed in the big A, which is almost equivalent to rejecting foreign capital, because it is easy for foreign capital to come in and difficult to get out.

For the big A, you still have to be in awe.

Isn't it good for Bluestar Technology to sit in the Hong Kong stock market and face the world for the country's financial stability.

This dinner can be regarded as a consensus on the general direction of Bluestar Technology's listing in Hong Kong, and the specific release of the prospectus IPO listing is either in the second half of this year or early next year, during which these internal information are limited to them and will not be circulated to the outside world.

After all, as long as there is uncertainty on the day before the IPO goes public, these sovereign funds are not stupid, and they will suffer a loss if they push up the stock price of Bluestar Technology by revealing it early, which involves a huge transaction of $11.8 billion.

……

Following.

Luo Sheng continued to brag with the industry bigwigs at the IT summit, and the summit exchange meeting will last until tomorrow, but his itinerary to Pengcheng will end today, and he will take his own special plane home directly in the afternoon.

At the same time, Qin Weimu arranged for a subordinate named Cao Yi to contact Zhang Yiming, the founder of Toutiao, as a VC.

Cao Yi went to carry out the investment task as the general manager of Anaheim Asia Technology Venture Capital in North America, anyway, the behind-the-scenes leaders above arranged the task in this way.

……

Capital.

In a business car, Cao Yi's assistant and secretary entered the car and handed a document to his immediate boss: "Mr. Cao, we have completed a comprehensive research and evaluation of Zhang Yiming's information, and this is his evaluation report." ”

Cao Yi took it and asked while looking at it, "How do you evaluate it?" ”

Assistant: "Since he started to do 99 housing network, in a year, the data has jumped to the first place in the mobile terminal of real estate, along the way, Zhang Yiming can continue to improve in the field he is good at, has always maintained his advantage, and slowly improved in the field he is not good at." In addition, he is very stubborn, and he finally makes a decision when he disagrees with him in every board of directors, no matter whether he succeeds or fails, he will review and accumulate lessons through self-examination, which makes his judgment more accurate and more and more broad. ”

At the same time, Cao Yi, who was browsing the report, muttered to himself: "Is this the vision of the headquarters?" It seems that Zhang Yiming's person wants to be a big company in a big industry, which is his dream all along...... Let's go and meet the entrepreneur. ”

Cao Yi closed the materials and immediately instructed the driver to drive to Toutiao's current office address.

……