My 1999

"How is it?"

Xu Liang suddenly realized that he had almost forgotten about it.

"We had almost finished talking to Wu Changjiang.

But when the contract was signed, the suppliers and distributors of NVC Lighting jointly put pressure on the company, and kept demanding that Wu Changjiang must be appointed as the general manager of NVC Lighting.

And they also demanded that Du Gang and Hu Yonghong be eliminated.

So the two of them are in a very awkward situation now, and hope to get rid of the shares of NVC Lighting as soon as possible. At present, they have sent invitation letters to all institutions that have been interested in investing in NVC Lighting before.

They hope to sell their 55% equity in NVC Lighting at a price of 300 million Chinese yuan.

But the price is a bit high. At present, except for us and JP Morgan, other institutions have withdrawn."

"I didn't expect that Wu Changjiang is really popular." Xu Liang said with a smile.

"Mr. Xu, do we still want to continue?"

"Continue. I will let Hongyan connect with you, and let Hongyan take over this part of the equity. Then you will invest money on behalf of Hanhua to dilute Wu Changjiang's equity."

"Understood."

"Also, after obtaining the majority of NVC Lighting's shares, the management can be handed over to Wu Changjiang, but the company's finance and personnel must be our people."

"Yes."

After hanging up the phone, Xu Liang called Xia Changsheng again and handed over the matter of NVC Lighting.

"Arrange NVC Lighting to go public next year."

He didn't plan to hold this company forever.

Hold it for three or four years, and sell it when its potential is exhausted.

Looking at Lu Hui who was still standing aside.

"Anything else?"

"Mr. Xie Wen and Mr. Wang from Sina will arrive in Hong Kong on the 2 o'clock flight this afternoon. When do you think we can arrange a meeting?"

Xu Liang suddenly realized.

After several delays, Sina's re-listing finally arrived on time.

"Tonight, you make arrangements, I'll treat them to a simple meal."

"Okay."

"By the way, do you have Sina's IPO prospectus with you?"

"I left it in your office in Xiangjiang."

"Let's take a look at it when we get back."

"Okay."

After having lunch with the senior executives of the Pengcheng office at noon, Xu Liang didn't say much and left in the afternoon.

He believed that the company's senior executives, including Jiang Xiaoyang, had no intention of interfering in management matters.

He didn't have the time.

With so many companies under his control, if he didn't focus on the big ones and let go of the small ones and fully delegate power, even if he was energetic, he would be exhausted.

...

"We're here."

Looking at the brightly lit Peninsula Hotel outside, Xie Wen reminded.

Wang Zhidong nodded, with a bit of anxiety in his expression.

"Why, are you still worried about the listing?"

The two have worked together for many years, and Wang Zhidong did not hide it.

"Going public is a big test for a company's fate. As the CEO of Sina, how can I not be nervous, especially since the process of going public has been full of twists and turns, postponed several times, and I don't know what kind of valuation the capital market will give us?"

Xie Wen smiled and patted his shoulder.

"From the results of the roadshow, Sina received 42 times the subscription, which shows that the capital market is still very optimistic about Sina."

Wang Zhidong also smiled.

While chatting, the car also arrived.

The two got off and entered the hotel with their bodyguards and secretaries.

Lv Hui, who had been waiting here for a long time, stepped forward to greet them.

"Mr. Xie, Mr. Wang."

"Director Lu."

After the three shook hands, Lv Hui led the group to the private room reserved by Xu Liang.

"Mr. Xu."

"Haha, I finally waited for you, sit down quickly."

Xu Liang stood up and asked the group to sit down.

"A few days ago, I went to Penguin and was treated to a Cantonese meal. It tasted very good.

Today, I've ordered a table for you too.

Come, try it."

Looking at the sumptuous dinner on the table, Xie Wen picked up his chopsticks.

"Mr. Xu, I'm hungry too, so I won't be polite with you."

"Eat as much as you want. I'll add more if it's not enough." Looking at Wang Zhidong, Xu Liang asked with a smile, "Old Wang, it's almost on the market, why are you still so listless like an eggplant hit by frost?"

"He's unsure." Xie Wen said with a smile.

Wang Zhidong smiled bitterly, "Mr. Xu, Sina's development this year is not as good as last year, so I feel uneasy."

"Why not as good as last year?

In the first quarter, Sina's total revenue was 1.18 billion Chinese yuan, and its net profit exceeded 286 million Chinese yuan, an increase of 48.7% over the same period last year. In the global context, Sina's development is also excellent.

What do you have to worry about?"

"It's mainly Mobile Dream Network. After the new profit-sharing agreement was signed, the wireless value-added business suddenly lost 35% of its revenue.

It almost wiped out all the development results of Autohome and Soufang.com this year.

My negotiations with investment institutions in the past six months have almost become useless."

Wang Zhidong sighed.

At the end of last year, when he discussed the listing conditions with Goldman Sachs and Morgan Stanley, the other party gave a 35 times net profit valuation multiple.

But he felt that Autohome and Soufang.com were developing very fast, so it should be higher.

As a result, after nearly half a year of negotiations, the listing was postponed several times.

Mobile's backstab made all his negotiation results go down the drain.

"How can you be sure of success in doing things?

After 100% effort, if you can achieve 10% improvement, it is already very good.

And this time, Goldman Sachs and Morgan Stanley gave Sina a valuation multiple of 40 times net profit, which is a lot better than before, which is not bad.

With so many listed companies, how many are higher than Sina?

One slap can be counted. "Xu Liang said with a smile.

Although Sina's wireless value-added business revenue has declined, its sub-businesses have great potential.

Judging from the financial report, Sina's business development is still very good.

Autohome is already the largest automobile vertical website in China.

SouFun is also the largest real estate website.

The two sub-sites jointly contributed 39% of Sina's revenue.

The key is that the development potential is huge.

Coupled with Sina Sports, Tieba, Sina Game Hall, mailboxes and blogs, as well as the rapidly developing Weibo business, Sina's user stickiness has been enhanced and the revenue system has become more diversified.

In terms of market, Sina is currently the largest portal website in China and Southeast Asia, and the largest vertical website in the automotive and real estate categories.

The largest gaming portal.

Tieba is also the largest forum in East and Southeast Asia.

It has 190 million registered users and 450 million daily users.

All this forms the basis for Sina to obtain a high valuation of 40 times.

Of course, the blessings of Hongmeng and Xu Liang are also indispensable.

Big companies and successful people can always bring more attention to the company.

"Mr. Xu, Yahoo plans to sell Yahoo China to Alibaba. Do you know about this?" Wang Zhidong asked.

"Why, are you still afraid of Yahoo China?"

"That's not true. Yahoo China has a lot of users, and several sub-websites have also been developed with great characteristics. Should we acquire them?"

"I'm afraid that if you want to buy it, Lao Yang won't sell it." Xu Liang said with a smile.

"Because of Ali?"

Xu Liang nodded, "Yang Zhiyuan is a smart man. Unless we are willing to exchange Sina's equity, he is still more willing to sell Yahoo China to Alibaba.

After all, Yahoo does not lack these hundreds of millions of dollars, and he is more willing to invest in the future than money.

But you can go and get in touch and have a taste of it. "

Wang Zhidong nodded.

"Lao Xie, how are you talking about the listing of No. 1 Store?"

“Negotiations have already begun, and the prospectus is expected to be available next month.

If there is no problem, the road show will start in July and it will be officially launched in Xiangjiang on October 1. "Xie Wen said.

"Send me a copy of the prospectus once it's finalized."

"OK."

…

Duang….

The loud gong resounded throughout the hall of the Hong Kong Stock Exchange.

Wang Zhidong, who looked excited, led Sina's management and beat the gong vigorously.

Xu Liang stood in the audience and did not try to steal the limelight from his old subordinate.

Sina relisted with a total share capital of 1 billion shares and issued 150 million new shares, of which 80 million shares were cashed out by investment institutions and Sina management's old shares, and the remaining 70 million shares were actually issued to the market.

According to the results agreed between Sina, Morgan Stanley and Merrill Lynch.

Sina's issue price per share is HK$48.

Based on Sina's revenue and net profit, this price is undoubtedly a bit high.

But now Internet companies are becoming popular, and there is a big boss like Xu Liang standing behind Sina.

Sina's stock price soared as soon as the market opened.

The price that day exceeded 60 Hong Kong dollars.

Wang Zhidong and others breathed a sigh of relief. Although there was no big explosion, it was still an explosion.

Sina's equity has also changed since its listing.

Hongmeng Corporation’s shareholding dropped from 64.46% to 57.55%;

Goldman Sachs, Morgan Stanley, and Citigroup's shareholdings dropped to 2.3%, and SoftBank's shareholdings dropped to 1.5%.

HSBC, Deutsche, Waterfall Investments, Li Jiacheng Foundation, Abu Dhabi Investment Authority, Merrill Lynch and other companies only have 0.7% equity left.

In addition to major institutions, Sina's listing created 15 billionaires, 7 of whom have a net worth of more than 1 billion Huaxia coins;

There are 57 multi-millionaires and 215 millionaires.

This is the largest wealth creation feast in China from 2005 to now!

Not surprisingly, it once again detonated domestic public opinion.

It has once again attracted public attention to Internet companies.

As the boss behind Sina, Xu Liang has naturally attracted rounds of attention.

In just three days, Sina's market value exceeded HK$70.

Although Sina's skyrocketing stock price has moderated since the fourth day, its market value of more than 70 billion Hong Kong dollars still allows Sina to surpass Internet Technology and become Hongmeng's company with the highest market value so far.

…

"Brother, people outside are now questioning whether Forbes can lower your wealth."

Xu Meng handed over a copy of "Qilu Evening News".

Xu Liang took a look.

Forbes’ ranking of the world’s richest people is being questioned?

The title was eye-catching, but he had no interest in reading it.

This argument has become more common since Sina went public.

No wonder they are like this.

Master Kong's market value exceeds HK$180 billion, New Dream's market value exceeds HK$60 billion, Netcom's stock price exceeds HK$65 billion, and Sina's latest market value is HK$77.9 billion.

The shares belonging to Xu Liang in the first two are about 80%, and the shares in the latter two are about 60%.

With just these four assets, Xu Liang's wealth is US$35.7 billion.

However, the real main businesses of the huge Hongmeng Group are Bing, Yihaodian and Universal Pictures.

Not to mention Hanhua, an increasingly large financial giant.

So no matter how you calculate it, Xu Liang's wealth is more than that 44 billion US dollars.