Chapter 7210: Immortal Legend
Vice Premier Wu hesitated, Cai Siqiang was proud, after a conversation with Mr. Liu, he quickly integrated the SAL business, and transformed SAL into a high-tech company based on the communication industry, intelligent voice software and related businesses, this part of the business sold more than 100 billion US dollars last year, and the profit was as high as more than 40 billion US dollars, although this year was affected by the US market, In the U.S. market, it may lose more than $20 billion in sales and nearly $10 billion in profits, but with China's new economic and trade agreement, SAL has begun to vigorously expand the high-end markets in these countries.
The negotiators of the Ministry of Economic and Trade claimed that if the United States does not have a suitable reason to prohibit the sale of SAL in the US market, the Chinese side will take the same measures to prohibit the sale of products of similar US enterprises in the Chinese market.
Now that the dust has settled on this layout, Vice Premier Wu naturally cannot watch SAL withdraw from the US market.
So, after going through the most difficult phase in SAL's history, the prospects for the new SAL, which has completed the business integration, are even brighter.
In this case, SAL's listing route was very steady, and because the top management was happy to see SAL transparent, coupled with the attention of Mr. Liu and Vice Premier Wu, Cai Siqiang's team went through the entire listing process at an astonishing speed, and soon entered the stage of determining the price of the pre-IPO roadshow.
"Duke, you have to attend this roadshow no matter what, it's a groundbreaking event in our SAL history." Cai Siqiang flew to the lotus base and begged.
The industry estimates that if SAL issues 1 billion new shares on the basis of the current 10 billion shares, the conservative valuation of 15 times the price-earnings ratio will raise more than 60 billion US dollars, such a huge IPO issuance is the largest in history, although SAL is initially scheduled to be issued in the three stock exchanges in China, Hong Kong and Taiwan at the same time according to the ratio of 5:3:2, but also created a new record of three companies issued, but the amount of funds raised in the dispersed is still a new record for local stock exchanges. Therefore, Cai Siqiang is very nervous, in order to ensure a smooth release and not mess up during the roadshow, of course Cai Siqiang has to use all his strength to fight for it.
Among them, Duke, the spiritual leader of SAL, is particularly critical, the CIA's smear has not damaged Duke's reputation in China, but has further boosted Duke's prestige, even the angry young people who believe that Duke has done hacking things think that Duke has done a good job, in their eyes, the Yankees have made enough money from China's reform and opening up, and this time Duke did nothing but recover some interest.
Therefore, Cai Siqiang's team believes that if Duke participates in the roadshow, it will greatly stimulate popularity.
"There's no need for this, Caicai, I think it's almost enough, we can set the price lower, so that it won't be attractive." Duke excused. His research is at a critical moment, so instinctively want to shirk these things, in his opinion, these are a waste of time, SAL is not short of money, the big deal will reduce the number of shares issued, the price is a little lower, there is no worry about not being able to sell, in fact, there are many rich people at home and abroad to come to the door, claiming that 10 times the price-earnings ratio of SAL companies sell how much they buy. As for himself, it makes little difference to him that his personal wealth is one more and one less zero.
The market capitalization of SAL will exceed $400 billion at ten times the price-earnings ratio, which is a giant company in the world, and there is no suspense at all to enter the top ten in the world, and Duke, who now owns 60% of the shares, will have a personal net worth of more than $200 billion, which is much richer in most countries in the world.
However, Cai Siqiang's ambition is not only the world's top ten, he has to do his best, although the timing of this listing is not too ideal, there is a suspicion of rushing to launch, but even so, Cai Siqiang also hopes to do his best to do this listing work perfectly, and it is best to become a new legend in the world.
"It's necessary, Duke, I only need to occupy your time for three days, one person and two brothers, you won't give this little face, right? Anyway, it doesn't make much difference if your research is a day earlier or a day later, so why rush it. Cai Siqiang moved with emotion and reason, so that Duke really couldn't wipe off this face.
"Okay, let's talk about it first, it's just 3 days!" Duke had no choice but to agree.
Moved to the god of Duke, Cai Siqiang's roadshow in China, Hong Kong and Taiwan has achieved unprecedented success, Duke has been sought after by more than 10,000 investors everywhere, once in the reporter's inquiry about SAL's future business and new technology research, Duke inadvertently revealed that SAL is researching a new standard of wireless broadband technology, this new wireless technology will be several times higher than the spectrum utilization rate of the old generation of LTE wireless communication technology, which will provide greater bandwidth support at a lower cost, In the future, everyone will be able to access the Internet quickly and wirelessly.
Stimulated by this news, most of the institutional investors enthusiastically gave a valuation of 15-20 times the P/E ratio in the institutional investor inquiry, and most of the institutional investors believe that with the new generation of wireless broadband technology mentioned by Dr. Duke, there is no pressure on SAL to double its future business, and if it is not for the large SAL base, we can even give a P/E ratio of more than 30 times.
Soon after the successful roadshow, SAL's IPO attracted more than $600 billion of subscription funds from global institutional investors, in this case, Cai Siqiang decisively increased the number of shares, from 1 billion shares to 3 billion shares, and at the same time, in order to take care of the needs of domestic ordinary shareholders, Cai Siqiang will issue 2 billion shares directly to ordinary shareholders, so that everyone can register through the three stock exchange accounts to buy by lottery, and the remaining 1 billion shares are for institutional investors.
In terms of final pricing, Cai Siqiang listened to Duke's advice and set the issue price at a low-lying valuation of $40, which is lower than the bottom line of institutional investors' bids, so SAL's IPO finally became a feast for shareholders, and 2 million shareholders were lucky to shake 1,000 shares of SAL shares.
In this way, SAL raised $120 billion in cash through this IPO, completed an unprecedented fundraising activity, and finally achieved a new immortal legend in the world.
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