Global Monopoly of Technology

At the shareholders meeting of Bluestar Technology Group, Luo Sheng's first proposal had ended, and now all the shareholders attending the meeting looked at him again.

Everyone was unhappy, especially the six major investors.

That's for sure, he was disarmed on the spot, and no one would give a good face to anyone else.

Excitedly, he came all the way to attend the shareholders' meeting, and when he went to the EB, who was "seized power" and replaced by no one, Luo Sheng didn't care at all. He could tolerate the dissatisfaction of the shareholders present, as long as the vote passed .

Do you mind taking care of me?

At this moment, the major shareholders have already made plans for something worse than the first resolution. According to the usual practice, most of them will go further and go beyond them.

All in all, the remaining two big decisions are certainly not good news, at least for outside shareholders.

At this moment, Luo Sheng took a sip of water. Luo Sheng glanced around at everyone, and suddenly settled on the seats of JP Morgan and Goldman Sachs. These two major investors were inexplicably puzzled.

After a while, Luo Sheng said calmly: "The second thing is how the stock price of Bluestar Technology's IPO next year will be determined."

When I heard this, it was no wonder that I was required to sign a non-disclosure agreement when I attended the shareholders meeting. Basically, I have to sign a non-disclosure agreement for everything about IPO, because the time span is still very long.

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

Goldman Sachs Group and JP Morgan have a toothache when they hear it. Luo Sheng's approach is very painful for investment banks on Wall Street.

Subscribing for the original shares of Bluestar Technology by bidding is really starting from the ground, and I have never seen such a meticulous calculation.

Will you die if you make more money for us?

At this time, everyone inexplicably scolded Google fiercely.

It was all a bad start for Google, and the underwriters or investors present firmly believed that Luo Sheng had definitely studied the case of Google's IPO last year.

Because when Google goes public, it is playing auction subscription.

Indeed, Luo Sheng referred to Google's case, and decided to do this. Whoever made Bluestar's stock a sought-after one would get it with a high internal subscription price. In this way, he could avoid a lot of dilution at an excessively low price. shares.

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

The underwriters and their big clients earn the price difference through internal subscriptions, which of course harms the interests of the company as well as the interests of small and medium investors.

Not only that, the underwriters will also control the rationing of the original shares, and they will definitely give priority to their very important large customers, and ordinary people simply cannot get the internal subscription rights.

To put it simply, high-quality IPOs like Bluestar Technology and Google are not something you can buy with money.

The representative of JP Morgan sighed in his heart, and he could see that it was harder than reaching the sky to take advantage of Luo Sheng's hands.

He should go to work on Wall Street.

In fact, Luo Sheng not only referenced Google, but also studied Buffett's Berkshire Hathaway, as well as other listed companies and other materials.

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

Paul Watson immediately looked at Luo Sheng and asked in a deep voice, "In that case, what is the minimum bid and upper limit per share?"

Luo Sheng's approach must ensure the interests of his founder team and small and medium investors. Of course, Wall Street must make a small profit from it. Both parties are well aware of this, and they are not on the bright side. Well, it's useless to talk about it.

As a matter of fact, JP Morgan and Goldman Sachs, as Bluestar Technology investors, are also listed sponsors, and they are also thinking about this in their hearts.

If you take the chance, you must smother him ruthlessly.

This little bastard!

Luo Sheng didn't know what the other party was thinking, and he didn't need to worry about it. He just saw his innocent smile and replied, "No hurry, we'll talk about it next year."

damn it!

When everyone heard this, they cursed in their hearts.

But think about it, if you set the subscription price now, you won't be the shrewd little bastard in their eyes.

It will never be easy to show the hole cards until the end.

The current development momentum of Bluestar Technology will rise to a level almost every quarter, and the pricing will be variable until the day before the IPO.

This matter was quickly settled, and Luo Sheng immediately threw out the third item for consideration: "Finally, we decided to split the financing of next year's IPO into three, except for the first, the subsequent two were in 2007. The beginning of the year and the end of 2007 or early 2008 at the latest.”

The investors present thought that the last issue would be more difficult to accept, but they were surprised. When Luo Sheng's proposal came out, all the shareholders expressed their approval.

For a company to raise funds and go public, of course, it is hoped that the larger the amount of financing, the better, but this requires a price to be paid, and the company and its existing shareholders may not be able to obtain the maximum profit if they have to dilute their own shares a lot.

Luo Sheng decided to split one financing into three, and the stage is one price. After 2007, the market value and stock price of Bluestar Technology Group will not be unexpectedly higher than during the IPO period.

Relatively speaking, in order to achieve the expected financing amount, only a small amount of additional shares can be issued to achieve the goal, and the shares in the hands of shareholders can naturally be diluted as little as possible, ensuring the interests of themselves and their investments to the greatest extent.

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

The two previous matters were only beneficial to Luo Sheng and his founding team, and had little benefit to external shareholders, and even lost their interests, which was naturally unpleasant.

And this time, of course, there is no reason to object.

However, there is a premise for this, that is, after the IPO, Bluestar Technology Group needs to develop well, preferably more and more outstanding, then the higher the value.

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

The third issue was passed without any suspense, and all shareholders had no objection.

There is still a big difference between the first and the last. What made a group of external shareholders unhappy before, suddenly tasted the sweetness at the end, I have to say that they can see Luo Sheng's move, but it is indeed very refreshing. Useful.

This kind of psychological control of his people really made Paul Watson and others look at him, and such people should not say that they took advantage of him in vain, but should be careful not to be countered by the other party.

Because she had been deceived by his youthful appearance and fell into a trap, she took back 12% of the Class B equity after it was hot.

By the end of the shareholders meeting, it is almost time to end.

So far, Luo Sheng has basically made full preparations for the IPO of Bluestar Technology Group. Generally speaking, everything that can be done, can be strengthened, can be guaranteed, can be imagined, and can be calculated has been clearly arranged. In vain.

The big tone has been set.

The next thing to do is to do a good job in the company's performance, products, and development with peace of mind, and try to make the company's valuation as high as possible the day before the IPO.

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

Luo Sheng's handling of himself and capital has perfectly achieved a balance, which is easy to say, but it is not something that ordinary people can achieve.

Finally, before the meeting was about to end, Luo Sheng made his final speech again, only to see him looking around all the external shareholders and laughing loudly: "Everyone, as early as during the pre-A round, I said that my investors, nothing Don't think, don't do anything, don't ask anything, just lie at home and count the money until your hand cramps. This non-binding commitment is not an absolute success, but today, there is no doubt that the signs of its success have become more and more more and more obvious."

Paul Watson got up from his shareholder seat, came to Luo Sheng, laughed and joked: "I have to admit a fact, Mr. Luo, your level of shrewdness is too much, such a person is in charge of Bluestar Technology. The group is definitely something Wall Street loves and hates.”

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