Global Monopoly of Technology

Chapter 504 [Subscription of 7 Funds]

With the end of the dialogue forum, major media also began to report, but the most popular on the Internet is the various golden sentences that Luo Sheng broke out at today's summit. of the army.

However, when the outside world was discussing these topics, Luo Sheng had already been invited to a dinner party that night and met a group of special people.

Dinner.

There are nine people sitting on a table, more than half of them are foreign faces, and even Arabs are listed, but even so, they still drink, after all, this is not the Middle East world.

"Mr. Luo, let me introduce you..." The president of the HK Securities Regulatory Commission introduced Luo Sheng to the unfamiliar faces he was not familiar with one by one with a smile. A major buyer of Star Technology's listing in Hong Kong.

The first person to introduce is the head of the Norwegian Global Pension Fund, which is currently the world's largest sovereign fund with total assets of $785.2 billion, equivalent to 1.52 times the country's GDP. All income from the gas industry, 60% of the fund's assets are invested in stocks, and the rest is used to purchase treasury bonds and real estate.

The second is the Shater Sovereign Fund, with a total of 675.8 billion US dollars, equivalent to 94% of the country's GDP. The main source of funds is oil export revenue. The fund's investment strategy and asset composition have not been announced to the public.

The third is the Abu Dhabi Sovereign Fund, with a total amount of 627 billion US dollars, equivalent to 2.53 times the country's GDP. The fund can receive 70% of the annual budget surplus and dividends from the national oil monopoly giant Abu Dhabi National Oil Company. The fund 75 More than % of the assets are managed by foreign investment funds, which are mainly invested in the stocks of companies in developed countries and US government bonds.

The fourth is Kuwait's sovereign fund, with a total of $386 billion, equivalent to 2.09 times the country's GDP, and the fund can receive about 10% of the country's income every year. The shares of Daimler AG, BP and Bank of America Merrill Lynch Financial Management are important investment projects of the fund.

The fifth is the HK Monetary Authority with a total of $326.7 billion, equivalent to 1.24 times the region's GDP.

The sixth is Singapore Temasek Holdings Co., Ltd. with a total value of 173.3 billion US dollars, equivalent to 63% of the country's GDP. More than 70% of the company's assets are currently invested in Asia-Pacific companies, mainly financial and transportation companies.

The seventh is the Singapore government investment company, with a total of 285 billion US dollars, equivalent to 1.03 times the country's GDP, the company's funds are mainly invested in real estate and infrastructure and stocks.

at the end,

The president of the Hong Kong Securities Regulatory Commission said with a smile: "Bluestar Technology's listing in Hong Kong and the public offering of IPO, these seven sovereign funds have been determined by default, and will subscribe for a total of 24.5 billion US dollars of raised funds, not counting the subscription amount of other subscription accounts and retail investors. It has also set a new record for IPO. At the same time, the seven sovereign funds have pledged to buy an additional 1% of BTC treasury stocks from your company for long-term holding to ease your company’s debt burden.”

This means that on average, each of the seven sovereign funds has to pay a huge subscription capital of 3.5 billion US dollars, and at the same time they all buy 1% of the shares to hold, each sovereign fund here will pay 8.3 billion US dollars, a total of each sovereign fund. To pay 11.8 billion US dollars.

The subscription amount of the IPO plus the amount of treasury shares purchased, the seven sovereign funds will bring a total of 82.6 billion US dollars of cash flow to Bluestar Technology, which is undoubtedly a sum of money.

Once the money arrives, Luo Sheng can basically conclude that he does not need his family fund to come forward, and he can continue to hide it and solve the current financial problem of Bluestar Technology.

With this money, Bluestar Technology's book cash will be close to the terrifying scale of 300 billion US dollars, and its debt level will directly drop from the high-risk zone to the safe zone.

While it is able to pay off its debts, it also has extremely sufficient liquidity to advance the three strategies of the US$150 billion scientific research budget, expanding business in the mainland market and developing emerging market economies.

Luo Sheng said with a smile: "To be honest, the company has already resolved the issue of Bluestar Technology's IPO in Hong Kong. We intend to raise 29.7 billion US dollars from the society, and the seven sovereign funds have already solved the 24.5 billion US dollars. I am very much looking forward to this IPO.”

When it's over, everyone clinks glasses with each other.

The vice president of Norway's sovereign fund said with a smile: "US stocks are strong like forests, and they do not have scarcity. You can grab a lot of companies of the same type in the US stock market, and lack of scarcity means that there is no premium. Compared with When it comes to US stocks, there are still too few listed companies in Hong Kong with strength compared to US stocks. Bluestar Technology Group is scarce because of its listing. Everyone will think that it is the best in the IT sector, and will swarm it..."

This sentence is so straightforward that it's almost too blatant, in fact, it's already very explicit.

Scarcity means that everyone thinks you stand out from the crowd, and they will give you a high premium, and the agency will fry you with the leeks under its command, until your mother doesn't know it.

This is the fundamental reason why the seven major sovereign funds dare to spend 11.8 billion US dollars in the subscription amount each, because there are huge profits.

Luo Sheng dared to make sure that if Bluestar Technology were to be listed in Big A, it would really be fired to a rhythm that even my mother didn’t know. billion) or more is definitely not unexpected.

You must know that Bluestar Technology was once fired to a high of 1.7 trillion US dollars in the US stock market, and is it not easy to break through 2 trillion US dollars in the big A listing of the independent market?

This dinner is considered to have reached a consensus on the general direction of Bluestar Technology's listing in Hong Kong. The specific release of the prospectus and IPO listing will be either the second half of this year or the beginning of next year. During this period, these internal information will be limited to these people, and will not be published to the public. spread.

After all, as long as there is uncertainty before the IPO listing, these sovereign funds are not stupid. They will suffer losses by revealing early and pushing up the stock price of Bluestar Technology. This involves a huge amount of 11.8 billion US dollars. trade.

...

the next day.

Luo Sheng continued to brag with the industry leaders at the IT summit. The summit exchange meeting continued until Mingcai ended, but his itinerary for Pengcheng ended today, and he will take his own special plane home in the afternoon.

At the same time, Qin Weimu arranged for a subordinate named Cao Yi to contact Zhang Yiming, the founder of Toutiao, as a VC.

Cao Yi went to perform this investment task as the general manager of Anaheim Asia Technology Ventures in North America. Anyway, the behind-the-scenes leaders above arranged the task in this way.

...

capital.

In a commercial car, Cao Yi's assistant and secretary entered the car and handed a document to his immediate boss: "Mr. Cao, we have completed a comprehensive research and evaluation of Zhang Yiming's information, and this is his evaluation report. ."

Cao Yi took it over and asked, "How do you evaluate it?"

Assistant: "Since he started 99fang.com, within a year, the data has jumped to a real estate mobile store. Along the way, Zhang Yiming can continue to improve in the areas he is good at and maintain his advantages. In the areas he is not good at, slowly Improve. In addition, he is very stubborn, and it is up to him to make a final decision on the disagreement with him on every board of directors. Regardless of success or failure, he will review the game and accumulate experience and lessons through introspection, which makes his judgment more accurate every time, and the pattern is more and more accurate more and more expansive."

At the same time, Cao Yi, who was browsing the report, muttered to himself: "Is this the vision of the headquarters? It seems that Zhang Yiming has always dreamed of being a big company in a big industry... let's go. , to meet the entrepreneur."

Cao Yi closed the materials and immediately ordered the driver to drive to the current office address of Toutiao.

...

The global monopoly of technology

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