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Text Chapter 3014 Uber Refinancing (Part 1)

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    When Xiao Qi returned to China, fae wave OK had been on the market for almost 20 days.  In these dozen trading days, fae wave ok has followed a very beautiful upward curve. So far it has reached 16 US dollars, and the highest has exceeded 18 US dollars. An increase of more than 30% is enough to make all shareholders happy.  .  Tang Mingxiang took out 10% of the shares and directly earned 12 billion U.S. dollars, while Zuckerberg cashed out 15 billion U.S. dollars in one fell swoop because he took out 15% of the shares.  Of course, there are also relatively heavy tax rates, investment income tax, profit tax, etc. Even if the most famous accounting firm does accounting for Zuckerberg, he only has about 11.7 billion US dollars left.  This guy has received such a large amount of money, and of course he doesn¡¯t want to sit idle. Recently, he called Xiao Qi repeatedly to ask when the second round of financing for Uber that he had discussed before would be carried out.  It was then that Xiao Qi realized that Zuckerberg was interested not only in the cloud server giant DreamDive, but also in Uber, which attracted the attention of thousands of people.  It must be said that Zuckerberg¡¯s sense of smell is quite sensitive.  Many people only see Uber¡¯s continuous development, its popularity all over the world, and its market share, but few people can see Uber¡¯s shortcomings and the need to introduce more capable people to share and increase the share.  The urgency of group power.  Yes, compared to its previous life, Uber has undergone great changes, or a lot of enhancements.  For example, Uber will actively coordinate with insurance companies to try to insure Uber¡¯s drivers, vehicles and passengers to avoid accidents.  Although this is very difficult, Xiao Qi has many connections. Citibank has shares in several insurance companies, so after increasing some insurance premiums, he can get various basic insurances.  Being able to get insurance means that the Uber project is guaranteed to be safe. Passengers will feel at ease when riding, and the management department does not have to worry about something happening to Uber like it is to guard against thieves.  Then Uber also announced that 10% of its operating income will be invested in the construction of cities where Uber¡¯s business is located, including the maintenance of roads, sewer gardens, etc. This has given the traffic management department substantial benefits.  , they wouldn¡¯t violently drive away Uber and kill them all just because they were robbed of their share of the taxi fare and top dollar.  There are also some detailed improvements that Xiao Qi summed up based on the successful and failed experience of Uber in the previous life. It can be said that from the beginning of its operation, Uber has been even more perfect than the most perfect Uber in the previous life.  But the enhancement of these details does not mean that the main contradiction has been eliminated.  Uber¡¯s main contradiction is naturally its conflict with the taxi industry.  No matter which country the taxi industry is in, there are high fees and various fees, which puts taxi drivers under a lot of pressure.  After the advent of online taxi-hailing software like Uber, which has no barriers at all, the bigger the city, the more business taxi drivers have been robbed of. Even in New York last Christmas, more than 80% of people directly took taxis.  , all chose Uber. During this busiest time, taxis made almost no money.  Taxis don¡¯t make money, which will naturally affect the interests of many parties.  There are a lot of these people, and their power is not small.  It involves the money in their own pockets and the money they need to support their families. Not to mention Xiao Qi¡¯s company, even God¡¯s company, they dare to make a fuss.  Since last year, when Uber became more and more powerful, protests and tit-for-tat against Uber have emerged one after another in various places. Taxi strikes have not happened once or twice, and there have even been many incidents of taxi drivers surrounding and beating up Uber drivers.  Although none of this has affected Uber's overall situation, Xiao Qi knows that now is the time to attract more investors to increase Uber's risk resistance and public relations capabilities.  Of course, Zuckerberg is not the only smart person. There are also many friends of Xiao Qi, or famous fund managers, who have called or visited Uber¡¯s headquarters in person to ask if they have any plans for further financing. If so,  , what time will it be.  Xiao Qi had already made up his mind before the Spring Festival this year. After the wives here have given birth, Uber¡¯s financing will start again.  The current valuation of Uber from the outside world is as high as US$55 billion from Morgan Stanley and as low as US$47 billion from Standard Chartered Bank. If you take the middle number, the market value should be around US$50 billion, which is more accurate.  This valuation has increased by about 40% compared to the average valuation of 35 billion in August last year, which is very high.  But Xiao Qi was not very satisfied.  When he sells shares of his companies, he never follows other rules.The estimation of ? is all decided by yourself.  For example, the previous dreampad and dreamsta were like this.  Especially the sale of app store shares exceeded everyone¡¯s expectations, and was sold at a price that was almost double the market valuation.  Everyone knows the result. Apple and Samsung bought 5% each without hesitation, and they were very dissatisfied that they could only buy so few shares.  Even when the app store shares were sold for the second time, the price was still ridiculously high, but they didn¡¯t even frown. They only hated Xiao Qi for selling less, but they didn¡¯t think the price was too high.  So everyone is now saying that it is really difficult to determine the valuation of Xiao Qi¡¯s company¡¯s shares. The estimates given by several major investment banks are just a reference and cannot be used as a calculation.  But in the final analysis, the law of the market is that as long as someone is willing to buy, then the price is reasonable.  Prior to this, Xiao Qi discussed with Uber¡¯s CEO Li Bote and gained an understanding of the urgency of various investors.  Therefore, Xiao Qi directly announced his decision within a few days after returning to China.  Uber will launch a second round of financing. The estimated financing price is an overall market value of US$60 billion, and the shares sold will be 20%.  After asking Itochu Corporation, the Steinbrenner family, and the company¡¯s management to confirm that they will not cash out in this round, 20% of the shares will be sold directly from Xiao Qi¡¯s stocks.  Xiao Qi holds a total of % of Ube's shares through Mingxiang Holdings and Qicai Investment. Among the remaining shares, the second largest shareholder Itochu Corporation holds 15% of the shares, and the third largest shareholder the Steinbrenner family holds 6% of the shares.  , then the engineering team and marketing elites each jointly hold 2% of the shares, and CEO Libot holds 1% of the shares.  Now Xiao Qi has distributed 20% to investors, leaving only 54% of the shares in his hands.  Although it is a good thing to participate in the wealth feast of Uber, this number makes many investors wonder. Is Xiao Qi not optimistic about Uber, so he wants to leave?  As a result, Xiao Qi gave the news in time. This time the shares were sold, and he considered reducing the voting rights of these shares in the shareholders' meeting. It was about 1 share equal to 0.5 voting rights, and the excess voting rights  It will focus on Xiao Qi's shares.  And in the future, all shares diluted by Xiao Qi will take such measures, so that Xiao Qi can maintain his absolute control over Uber.  Such a statement naturally reassured a group of investment companies and funds, and thus actively began to compete overtly and covertly.  As for the inconsistency between the market value estimate given by Xiao Qi and the estimates of major investment banks, forget it, as long as you can buy it, you will be lucky.  We are not fools. Uber has now begun to make initial profits. If it is allowed to develop thoroughly, profits of billions of dollars a year are completely expected.  The most important thing is not this huge monetary benefit, but Uber¡¯s control over the global taxi market. This is a great benefit.  To put it simply, after Uber takes over the global taxi market, how will its advertising effectiveness be calculated?  How to calculate its ability to control major car companies?  Under the details, it is not inferior to its ability to make money, and it is even more powerful than this simple money -making ability.  Therefore, from the beginning, hundreds of fund companies, angel investments, financial institutions, investment banks, representatives of private wealthy people, etc. came to apply with Xiao Qi.  Except for a very small number of people who can contact Xiao Qi directly, most of them can only follow the procedures.  Although I don¡¯t know exactly how many shares you can grab, you may still get shares if you apply. If you don¡¯t apply, you won¡¯t be able to get shares.  But they are also very smart. In addition to formally submitting an application to Xiao Qi to purchase shares, they also find people to intercede with Xiao Qi from all aspects.  If 3% doesn¡¯t work, then 1% will work. If 1% doesn¡¯t work, then at least 0.5% will work, right?  Fortunately, Xiao Qi had changed his personal mobile phone number a long time ago. The previous personal mobile phone was given to the beautiful secretary or bodyguards together with the work mobile phone, so that he rejected most of the suggestions.  But there are also some partners and friends who don¡¯t call because of others, but because they want to buy Uber¡¯s shares. This seems a bit troublesome.  In the past two days, Xiao Qi has been receiving calls almost every once in a while, which makes him wonder if he should settle things quickly so as to avoid these worries?  (~^~)
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