Chapter 324: The unspoken rules of capital, be careful ofo!

After all, Huang Chaoxi is the best capital tycoon, and he suppressed the shock in his heart.

He poured Ximing a glass of wine and then filled it with it. This was the first time he took the initiative to want to drink.

There has been no such surprise for many years. Although he is not old, he has become famous very early and never cared about others in his heart. Although he will act humbly on the surface.

The person in front of him touched him from the depths of his heart, and he was actually a low-key king.

"Are you really the boss behind Xiongbai shared bicycles?" Huang Chaoxi now knew Xi Ming's identity and asked again idiotically.

As the best in the younger generation, Huang Chaoxi is very arrogant and naturally has a high vision.

Rarely can be shocked.

He didn't understand why Li Ka-shing gave the couplet he treasured in his study to a young Xiashi Business School MBA student who was ordinary in all aspects. After knowing that he was the pioneer of China's shared bicycles, it really surprised the great man Huang Chaoxi.

I remember that at the beginning of 2017, the senior executives of China met with him in person, but the outside world did not leak his photos at that time. No matter how great he is, he is not as good as the senior executives... at most it is just a mayor's communication.

Seeing a strange color flashing in the other party's eyes, Xi Ming did not expect that his identity as the pioneer of shared bicycles was so useful.

"Come on, Brother Xiaoxi, my brother, congratulations to you. Xiongbai shared bicycles are definitely no problem. Congratulations, you will be the chairman of a listed company in the future."

"Haha, I want to go public and I want to make a living. I am not as good as Brother Huang, you have a big business and are already the chairman of several listed companies..."

The two young elites now put each other in the same position and sit on the same level.

For Huang Chaoxi, he had dinner with this young man instead of saying that he had done the couplet for that couplet before, but now he kept silent about the couplet for the artwork, but wanted to make friends sincerely.

Businessmen are smart and fickle.

However, Xi Ming was completely aroused enough appetite by Huang Chaoxi.

He was very interested in gossiping in the capital market.

He kept telling himself about the tricks of the capital world, because sooner or later he would be on that path in the future.

Just do some homework in advance.

This kind of opportunity to communicate with the strongest people in the industry is hard to come by. Everyone has their own affairs. Maybe there will be a second such intersection in the year of the monkey and horse.

There is a saying that goes: be friends with successful people and make yourself better. When communicating with strong people in the industry, you will also gain the light of his professional grains of rice. Although it is less, it is the light of wisdom.

Ximing's desire.

Seeing that he was so curious and studious, Huang Chaoxi began to tell the truth about the industry with Xi Ming, who has great potential in the future.

He is also preparing to make sincere friends.

"Brother Xiao Xi, attracting companies to rush to ipo one after another. This is actually behind the huge ipo "cake", there is a chain of interests that runs through the entire ipo process."

"Brother Huang, I am an industry worker and I don't have a deep understanding of capital. Why don't you tell me a little more detailed, otherwise I won't understand." Xi Ming had no choice but to spread his hands.

"Actually, there is nothing particularly rare, especially complicated. Simply put, investment banks are the protagonists in iPo intermediaries, accountants and lawyers are supporting roles, accompanying investment banks to the world. Securities companies are responsible for comprehensive coordination, accountants are responsible for audits, appraisers are responsible for evaluation, and lawyers are responsible for legal affairs."

Ximing nodded.

He drew the message he needed.

"In the iPo business, investment banks are responsible for fooling people, while lawyers and accountants are responsible for telling others that the words of brokerage fooling you are true. This metaphor is very vivid. In addition, PE is another force that cannot be ignored in the iPo process. More and more people are starting to flock to PE because it is really attractive. Suppose you use 10 million yuan to invest an average of 10 projects, and one project is 10 million yuan, and in the end, as long as two projects are successfully listed, if the return on investment is 20 times, the income of 2 projects is 200 million yuan, and the investment of 100 million yuan is equivalent to making 100 million yuan. This is the characteristic of our country's PE."

"Such profitable?" Ximing questioned a little.

"Of course, capital is money to make money. Who can do it without money?" Huang Chaoxi said very explicitly.

"Since it is a chain of interests, how did they form a chain?" Xi Ming asked again.

"You asked the idea about this question. In the era of huge profits in the ipo, the ecological chain was formed like this: the most upstream people are industrial capital, angel investment, PE/vc, surprise investor, etc.; the middle-stream people are various intermediary institutions: securities investment banks, accountants, law firms and consulting companies, etc.; the downstream includes some media public relations, new investment institutions, etc.; until the end, the retail investors who were finally taken over and were cut off."

"Let's go public to harvest the meat of retail investors?"

"The final result is this. If a big fish eats a small fish, it is more realistic that the wool comes from the dog and let the pig pay the bill."

"What you are talking about is the unspoken rule of capital?"

"It can be considered, so every company wants to make money through capital."

Yes, now those companies and companies with a little market are either queuing up or on the way to queue up. For most companies, ipo is a difficult and long process.

You know that you can make money, but you have to queue up. First of all, you have to be able to wait, then you have to establish relationships and have a capable third party, otherwise making money has nothing to do with you.

Since he expressed the idea that Xiongbai shared bicycles wanted to go public, Ximing continued to ask, "If I were in China, what would our company do?"

"If you choose to go public in China, the company will need to go through a three-year counseling period before submitting the materials to the CSRC, and you will also have to pay the initial fees to the institution. Various adjustments to the listing will also require huge costs without any cost. If the loopholes that are absolutely necessary or even difficult to make up, the company will not withdraw from the application at the last minute, because the cost is really high."

"In addition, from the process perspective, there are dozens of links including appointing intermediary service agencies, due diligence, enterprise restructuring, tutoring filing and announcement, stock initial public offering sub-acceptance, meeting, questioning, feedback meeting, pre-disclosure, preliminary review meeting, issuance review meeting, document closure, post-meeting matters, approval and issuance, etc."

"So many twists and turns, you won't kill anyone." Xi Ming hates the most is the cumbersome administrative procedures, and many troubles are just superficial things.

"Haha, not only those, the process in China is long, and there are many reasons for the company to be denied, such as related transactions, competition among peers, and profitability doubts. The company cannot explain the future digestion capacity of the planned production capacity of the fundraising and investment project, the authenticity of the financial data of the company declared, and other information disclosure quality. The company violates social security and tax regulations, and any small flaw may become the lifeblood of the company's failure."

Ximing nodded.

Huang Chaoxi also began to regard Ximing as his own person and told the most important one.

"Brother Xiao Xi, if you want to go public, regardless of domestic or overseas, you should also pay attention that in the process of ipo, companies are often very low-key and afraid of the eyes behind them. Among them, questioning words such as "report letter" and "media exposure" often become obstacles for companies. For example, on the eve of Mengniu's listing, the company was successively framed. The relevant person in charge of the liquid milk department of its main competitor paid more than 4.9 million yuan to a subsidiary of a city, causing them to spread rumors that were unfavorable to Mengniu. The public security organs confirmed that in the five operations it carried out, the graphic media and the Internet in 11 provincial capital cities across the country published hundreds of articles defaming Mengniu Dairy."

"So a series of crises that have occurred in companies entering the listing process have been proven: a company that was not very concerned may be involved in a crisis event because of listing. Beware of your competitors' trouble. Now your Xiongbai has the biggest competitor ofo. If you go public, he will interfere, which is inevitable."

Huang Chaoxi became realistic again, and pointed out the problems that Xiongbai shared bicycles would encounter when they were launched.
Chapter completed!