Chapter 147： [Smart to the bone]

At the shareholders meeting of Blue Star Technology Group, Luo Sheng's first proposal has ended, and now all the shareholders attending the meeting look at him again.

Everyone is unhappy, especially the six major investors.

That's for sure. He was disarmed on the spot, and no one would look good when changing.

Elated ass, assault, far away, came to the shareholders' meeting, and when he got on, he was "captured" for EB who was unhappy, and Luo Sheng didn't care. He could tolerate the disappointment of the shareholders present, as long as he passed the vote. .

Unhappy with my bird affairs?

At this moment, the major shareholders have made plans to be worse than the first resolution. According to the practice, it is more likely that they will pass it later.

In short, the two remaining major decisions are certainly not good, at least for external shareholders.

At this moment, Luo Sheng sipped, Luo Sheng looked around at everyone and suddenly settled in the seats of JP Morgan and Goldman Sachs. Both investors were inexplicably confused.

After a while, Luo Sheng calmly said, "The second thing is how Blue Star Technology will determine the stock price of its IPO next year."

When I heard this, it was no wonder that I was required to sign a confidentiality agreement when I attended the shareholders' meeting, but basically everything was about to sign a confidentiality agreement because the time span was still long.

Luo Sheng continued: "In order to return the majority of shareholders' support for Bluestar Technology, in addition to the major shareholders, we must also ensure the interests of small and medium investors in the future, so we have decided to use the auction method for the stock price of Bluestar Technology's IPO next year. carried out."

Goldman Sachs Group and JP Morgan heard a toothache. Luo Sheng's path was very painful for Wall Street investment banks.

Using the bidding method to subscribe for the original shares of Blue Star Technology has really started from the ground, and I have never seen such a careful calculation to the extreme.

Will you die if you earn more for us?

At this time, everyone insulted Google inexplicably.

It was Google that had a bad start. The underwriters or investors present believed that Luo Sheng was definitely studying the case of Google's IPO last year.

Because when Google went public, it was playing for auction subscriptions.

Indeed, Luo Sheng referred to the case of Google and determined to do so. Whoever made Bluestar's stock a sought-after product and the one with the highest internal subscription price won it, so that he could avoid diluting himself with a lot of low prices. Of shares.

In previous listing actions, the price of the original shares was generally negotiated and determined by the listed company and the underwriter, and the price was usually lower than the actual value.

The underwriters and their large customers earn the difference through internal subscriptions, which of course harms the company's interests and also the interests of small and medium investors.

Not only that, the underwriters will also control the rationing of the original shares, and they will give priority to their very important large customers, and most people will not get the internal subscription rights at all.

Simply put, high-quality IPOs like Blue Star Technology and Google are not something you can buy with money.

The representative of JP Morgan sighed in his heart. It can be seen that it is harder to get the advantage from Luo Sheng's hands.

He should go to work on Wall Street.

In fact, Luo Sheng not only referred to Google, but also researched various materials such as Berkshire Hathaway Company and other listed companies.

Of course, it was Qin Weimu who helped him analyze the data.

Paul Watson immediately looked at Luo Sheng and asked Shen Sheng: "So, what is the minimum bid and ceiling per share?"

Luo Sheng's approach certainly guarantees the interests of his founder team and small and medium investors. Of course, Wall Street must make a small amount of money from it. It ’s easy to talk about it, it ’s useless.

In fact, JP Morgan and Goldman Sachs, as investors of Bluestar Technology, are also listing sponsors. They are also calculating this in their minds, which is difficult to explain on the surface, but they will definitely not cooperate in the background.

Whenever he catches a chance, he must be overcast.

This little bastard!

The other party was thinking what Luo Sheng didn't know, and there was no need to tangle, only to see him smile innocently and answer: "No hurry, I'll wait until next year."

damn it!

Everyone heard these words and scolded them.

But if you think about it, if you set the subscription price now, it won't be the **** in their bones.

You won't easily show your cards until the end.

Bluestar's current development momentum will rise a step almost every quarter, and the pricing will be variable the day before the IPO goes public.

This matter was also quickly concluded, and Luo Sheng immediately threw out a third item for consideration: "In the end, we decided to split the IPO financing for the next year into three times, except for the first time and the subsequent two times in 2007. Completed at the beginning of the year and by the end of 2007 or at the latest by the beginning of 2008. "

The investors present thought that the last issue would be more difficult to accept, but did not expect to be surprised by them. As soon as Luo Sheng's proposal came out, all shareholders expressed their approval with both hands.

Of course, the company wants to raise funds for listing, but it is hoped that the larger the amount of financing, the better. However, this requires paying a price. It is necessary to dilute its own stocks in large quantities.

Luo Sheng decided to split a financing into three times, the stage is a price, and after 2007, the market value and stock price of Blue Star Technology Group will not be unexpectedly higher than during the IPO period.

So, relatively speaking, in order to achieve the desired financing amount, only a small amount of shares need to be added to achieve the purpose, and the shares in the hands of shareholders can naturally be diluted as little as possible, to ensure their own and investment interests to the greatest extent.

This is not only beneficial to Luo Sheng himself and the founder team, but also to all shareholders present.

The two previous matters are only beneficial to Luo Sheng and his founding team, and have no benefit to external shareholders, and even lose benefits, which is naturally unhappy.

This time, of course, there is no reason to object.

However, this must have a premise, that is, after the IPO, Bluestar Technology Group needs to develop well, it is best to become more and more outstanding, then the higher the value.

Obviously, at this point, almost all investors are very confident in Luo Sheng and his management team, because they have proved with practical actions that they can lead this company on the right path.

The third issue was passed without any doubt, and all shareholders did not object.

There is still a big difference between the previous one and the previous one, which unpleasantly a group of external shareholders, tasted the sweetness at the end, and they have to say that they can see Luo Sheng's move, but it is really very cool. Use it.

His psychological control of people really made Paul Watson and others look at him. Don't say that such people take advantage of him for nothing, but they should be careful not to be tricked by the other party.

Because she was deceived by his young appearance, she was caught in a trap, and 12% of the Class B equity was overheated and she was taken back.

At the end of the shareholders' meeting, it should almost be over.

At this point, Luo Sheng has basically prepared for the IPO of Bluestar Technology Group. Generally speaking, what can be done, strengthened, guaranteed, imaginable, and countable has been clearly arranged. For nothing.

The big tune has been set.

The next thing to do is to securely do a good job in the company's performance, products, and development ~ www.novelhall.com ~ as far as possible to the company's valuation to the highest level the day before the IPO.

For external shareholders, they must be very dissatisfied at this shareholders meeting, but they can barely accept it.

Luo Sheng's treatment between himself and capital is perfectly balanced. It is easy to say, but it is not something that ordinary people can achieve.

Finally, during the forthcoming dismissal, Luo Sheng spoke one last time, only to see him look around all the external shareholders and laugh out loud: "Dear everyone, as early as during the pre-A round, I said, my investor, nothing Do n’t think, do nothing, ask nothing, rest assured that lying at home counting money to cramps, this non-binding promise does not say absolute success, but to this day, there is no doubt that the signs of its success have become More and more obvious. "

Paul Watson got up from his shareholder seat and laughed in front of Luo Sheng. "I have to admit the fact that, Mr. Luo, you are a bit too smart, and such a person is in charge of Bluestar Technology. The group definitely made Wall Street love and hate. "

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