Chapter 475: Investing in Ctrip
Um?
Is there such a good thing?
Wang Liu blinked, a little surprised, but it was normal to think about it carefully. The epidemic is getting worse now, students are on holiday, and adults don’t go out to travel around after work, and they all stay at home. Now there are no entertainment projects, so they can only go online and play games?
And they just opened the game for free, which was exactly the same as providing them with a free entertainment method. Instead of spending money to play other games, it would be a good deal for Tiansheng to get free.
This is really an unexpected surprise.
Wang Liu immediately said, "There is no good idea, so I can only go to a batch of servers in the concession for the time being. No matter what, we must ensure the game experience. When everyone comes, we must keep them for me."
"I understand." Li Xiangtao responded.
After hanging up the phone, Wang Liu called Zhou Zhixiong, Pan Xiaowen and others one by one, reminding them to be vigilant of the epidemic and pay attention to protection. He also gave Li Xiangtao several prevention and control measures just now, and asked them to strictly implement them.
The next hard-hit area is the capital, and they happen to be in the capital, so you must be careful.
The epidemic is aggravating, and several people have realized the seriousness of the problem. Without asking more questions, they agreed directly. Zhou Zhixiong also told him good news.
"Jiayi replied to me a few days ago. He learned about it carefully and felt that Ctrip has good potential and agreed to jointly invest in Ctrip with us.
I contacted Ctrip again, and they had not yet obtained financing. I heard that Goldman Sachs intends to jointly invest with us in them, so I also thought about it and agreed to talk to us again. If nothing unexpected happens, it shouldn’t be a big problem this time.”
Wang Liu nodded. The main purpose of Ctrip's search for financing is to introduce an overseas influence investor, enhance the company's international influence, and thus pave the way for listing.
Now that Goldman Sachs is the signature, it fully meets their requirements, and the chance of success is indeed quite high.
"When will the talk? Have you made an appointment?"
"I made an appointment. The morning after tomorrow, Jiayi and I went to the Shanghai Ctrip headquarters to meet and have a meeting with them."
"Tell me if there is a result."
"good."
...
Two days later.
Just as Wang Liu expected, Goldman Sachs' international influence fully meets Ctrip's requirements, and the investment was not unexpected and the negotiation was smoothly held.
The only surprise was that Wang Liu originally asked Zhou Zhixiong to call him to report the results, but he did not expect that he would not call and came to Nanhua directly with He Jiayi.
In the office.
Looking at Zhou Zhixiong and He Jiayi who suddenly came to the door, Wang Liu said in surprise: "Why are you two here?"
"Jia said something was going to come to you, and I just happened to report the result to you, so we just came here." Zhou Zhixiong explained with a smile.
Wang Liu looked at He Jiayi: "You have something to ask me for? You can't tell me what's wrong, you have to come over in person."
He Jia smiled and said, "It's not a big deal. It's just that when Tiansheng saw the news before, he announced that he would give up the charging model and change it to free. The market is generally not optimistic, and the stock price has fallen for more than 20 days in a row.
From the highest price of 65, it has only 36 left, and it is almost halfway down. If it falls, it will fall below the issue price.
Investors are more worried. If you call you and try to persuade you to change your mind, you don’t listen. They called me and wanted me to persuade you.”
Wang Liu raised his eyebrows and said, "So, you ran over from all over to help them persuade me?"
He Jiayi shook his head: "No, although we have known each other for a long time, after contact during the previous listing period, I think you know a little about Mr. Wang. You will definitely not make such a decision for no reason. Since you have done so, you will definitely have your considerations.
I came here to find out why you did this and how it worked.
If it's not bad, I'll help you to comfort the investors in turn."
Wang Liu smiled, took out the phone and called Li Xiangtao: "Carrange the recent performance of the game business and send it to me."
"Do you want it now?"
"right."
"Okay, I'll have someone to sort it out now."
After hanging up the phone, Wang Liu looked at He Jia and said, "I have asked someone to sort out the performance. I want to understand the reasons and effects of my doing so. You will know after reading it later.
But it will take some time to organize it and then send it over. You can sit down and wait."
"It's okay, listen to Zhixiong's report to you first, I'm not in a hurry." He Jia agreed with a smile, and a hint of expectation rose in his heart.
I am so confident that I dare to give him the performance directly. Could it be that the free effect is really good?
Wang Liu nodded and looked at Zhou Zhixiong and said, "What's the result? Is the negotiation going smoothly?"
"It went smoother than I expected."
Zhou Zhixiong smiled and said, "The last time we talked, we haven't found an investor for more than three months. I guess they are a little anxious. This time I took Jiayi to come to the door. With the Goldman Sachs sign, they agreed without much hesitation and accepted our investment.
We agreed that our two companies each invested 10 million US dollars and subscribed 2.18 million shares of Ctrip at a price of US$4.58 per share."
$4.58 per share, the price is quite high. In terms of conversion, it is higher than Tiansheng's current stock price... Wang Liu frowned and said, "What is the shareholding ratio?"
“8.11%.”
It's okay, he is also worried that the stock price is too high, and even if it goes public, there is not much room for growth, so there is no profit in this investment this time.
But he thought too much. The stock price is high because of the small total share capital. 2.18 million shares account for 8.11% of the shares, which is equivalent to the total share capital of Ctrip being less than 30 million shares.
Ctrip's performance is indeed good, and it can support the stock price, and there is still room for growth when it goes public later.
Wang Liu stretched his eyebrows and said, "Last time you said Ctrip had a plan to go public. Now more than three months have passed. Have they started to take action?"
Zhou Zhixiong smiled and said, "It's started. After talking about investment this morning, the second thing we talked about is this. They meant that they wanted to go to Nasdaq to go public. Goldman Sachs also does securities trading business in the United States.
They took the initiative to talk about stock underwriting with Jiayi, hired Goldman Sachs as their lead underwriter and listing consultant on the spot, and officially launched an IPO.
If it goes well, you should be able to ring the bell in Nasdaq in half a year.”
"Yeah?"
Wang Liu looked at He Jiayi and smiled and said, "I want to congratulate Mr. He. Not only did he successfully invest, but he also took over the order business. This is a double happiness."
He Jia smiled and said, "Thank you, let me say that, thank you Mr. Wang. If you hadn't suggested that you invest with you last time, I would have learned about Ctrip carefully. These two businesses would probably be out of my reach."
Wang Liu waved his hand: "If it weren't for Goldman Sachs' signboard, Lao Zhou would probably not be able to get this investment. We'll be even, so don't thank anyone."
Chapter completed!