Age of Dreams

Chapter 3014 Uber Refinancing (Part 1)

When Xiao Qi returned to China, Facebook had been listed for almost 20 days.

In these more than a dozen trading days, Facebook has walked out of a very beautiful upward curve. So far, it has reached 16 US dollars, and the highest has exceeded 18 US dollars. The 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, and Zuckerberg even cashed out 15 billion U.S. dollars in one fell swoop because he took out 15% of the shares.

Of course, there are relatively heavy tax rates, investment income tax and profit tax, etc. Even if the most famous accounting firm does the accounting for Zuckerberg, he only has about 11.7 billion US dollars left.

This guy got such a large sum of money, so of course he didn't want to be idle. Recently, he called Xiao Qi again and again, asking when Uber's second financing, which he talked about before, will take place.

Only then did Xiao Qi realize that Zuckerberg was not only interested in cloud server giant DreamDrive, but also Uber, which attracted the attention of thousands of people.

I have to say that Zuckerberg's sense of smell is quite sensitive.

Many people only see the continuous development of Uber, which continues to be popular all over the world and occupy the market, but few people can see the shortcomings of Uber, and it needs to introduce more powerful people to share and increase The urgency of the power of crowds.

Yes, compared to the previous life, Uber has undergone great changes, or a lot of reinforcements.

For example, Uber will actively coordinate with insurance companies to strive for insurance for Uber drivers, vehicles and passengers to avoid accidents.

Although this is very difficult, but Xiao Qi has a lot of contacts in his hands, and Citibank has shares in several insurance companies, so after raising some insurance premiums, various basic insurances can be covered.

Being able to get insurance means that the safety of the Uber project is guaranteed, passengers will feel at ease when riding, and the management department does not have to worry about things happening to Uber like thieves.

Then Uber also announced that 10% of its operating income will be invested in the construction of the city where Uber’s business is carried out, including road maintenance, sewer garden maintenance, etc., which allows the traffic management department to obtain substantial benefits. , It would not be rude to kill Uber just because the taxi's share and top money were smashed.

There are also some improvements in detail, which Xiao Qi summed up based on the success and failure experience of Uber in his previous life. It can be said that from the beginning of its operation, Uber has been more perfect than the most perfect Uber in his previous life.

But the enhancement of these details does not mean that the main contradiction is eliminated.

The main contradiction of Uber is naturally the contradiction with the taxi industry.

No matter which country the taxi industry is in, there are high top fees and various fees, which actually put a lot of pressure on taxi drivers.

After Uber, an online taxi-hailing software with no threshold at all, was born, the bigger the city, the more taxi drivers were robbed of business. Even in New York last Christmas, more than 80% of people directly took taxis. , all chose Uber, but in this busiest time period, taxis hardly make any money.

If taxis do not make money, it will naturally affect the interests of many parties.

The number of these people is also quite large, and their influence is not small.

When it comes to the money in their pockets and the money to support their family, let alone Xiao Qi's company, even God's company, they dare to make a fuss.

Since Uber has grown stronger and stronger last year, protests and tit-for-tat confrontations against Uber have emerged in various places. Taxi strikes have not happened once or twice, and there have even been many incidents of taxi drivers besieging and beating Uber drivers.

Although none of these have affected Uber's overall situation, Xiao Qi knows that now is the time to attract more investors to increase Uber's ability to resist risks and public relations.

Of course, Zuckerberg is not the only smart person, there are also many friends of Xiao Qi, or famous fund managers, who call or go to Uber’s headquarters in person to ask if there is any plan for further financing. , what time will it be.

Xiao Qi had already made up his mind before the Spring Festival this year. After the wives here have finished giving birth, Uber's financing will start again.

Uber's current valuation is as high as Morgan Stanley's 55 billion US dollars, and as low as Standard Chartered's 47 billion US dollars. If you take the middle figure, it should be around 50 billion US dollars. The market value is more accurate.

Compared with the average valuation of 35 billion in August last year, this valuation has increased by about 40%, which is very high.

But Xiao Qi was not very satisfied.

When he sold the shares of his company, he never followed other people's estimates, and he made his own decisions.

For example, the previous DreamPad and DreamStars were all like this.

In particular, the sale of APPSTORE's shares exceeded everyone's expectations, and it was sold at a price that was almost double the market valuation.

The result is also known to everyone. Apple and Samsung bought 5% each without hesitation, and they were still very dissatisfied that they could only buy such a small share.

Even when the second APPSTORE shares were sold, the price was still ridiculously high, but they didn't even frown, only hated that Xiao Qi sold less, and didn't feel that the price was too expensive.

So everyone is now saying that it is really difficult to determine the valuation of the shares of Xiao Qi's company. The estimates given by several major investment banks are just a reference and cannot be counted.

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 had a discussion with Uber CEO Li Bote, and he also understood the urgency of each investor.

Therefore, within a few days after returning to China, Xiao Qi directly announced his decision.

Uber will launch the second round of financing, the estimated financing price is the overall market value of 60 billion US dollars, and the sale of shares will be 20%.

After asking ITOCHU Corporation, the Steinbrenner family, and the company's management, and confirming that they will not cash out in this round, 20% of the shares will be sold directly from the stocks in Xiao Qi's hands.

Xiao Qi holds a total of 74% of Uber’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. , and then the engineering team and marketing elites jointly hold 2% of the shares, and CEO Libert holds 1% of the shares.

Now Xiao Qi took out 20% to distribute to investors, leaving only 54% of the shares in his hands.

Of course, it is a good thing to be able to participate in the wealth feast of Uber, but this number makes many investors feel a little bit worried. Could it be that Xiao Qi is not optimistic about Uber, so he wants to leave?

As a result, Xiao Qi gave the news in a timely manner. This time the shares were sold, and the voting rights of this part of the shares in the shareholders' meeting were considered to be reduced, which was about 1 share equal to 0.5 shares of voting rights, and the extra voting rights It will concentrate on Xiao Qi's shares.

And in the future, all diluted shares from Xiao Qi's side will take such measures, so as to maintain Xiao Qi's absolute control over Uber.

Such a statement naturally reassured a group of investment companies and funds, and thus actively began to fight overtly and secretly.

As for the fact that the market valuation given by Xiao Qi is inconsistent with the estimates of the major investment banks, then whatever, as long as you can buy it, you are lucky.

You are not fools. Uber has already started to make initial profits. If it develops thoroughly, it can expect a profit of billions of dollars a year.

The most important thing is not the huge financial benefits, but Uber's control over the global taxi market, which is a huge benefit.

To put it simply, after Uber occupies the global taxi-hailing market, how will its advertising benefits be calculated? What is its ability to control the major car companies?

After careful calculation, it has the benefits that are not inferior to its ability to make money, and it is even more powerful than this simple ability to make money.

Therefore, from the very beginning, hundreds of fund companies, angel investors, financial institutions, investment banks, representatives of wealthy individuals, etc., came to apply to Xiao Qi.

Except for a very small number of people who can contact Xiao Qi directly, most of them can only follow the procedure.

Although I don't know how many shares can be grabbed, but it is possible to get shares after applying, and there is no way to get shares if you don't apply.

But they are also very smart. Apart from formally submitting an application to purchase shares from Xiao Qi, they also find people from various aspects to intercede with Xiao Qi.

If 3% is not enough, just 1%, if 1% is not enough, at least 0.5% is required, right?

Fortunately, Xiao Qi had changed his private mobile phone number a long time ago. The previous private mobile phone was given to the little beauty's secretary or bodyguards together with his work mobile phone, so that most of the proposals were rejected for him.

But there are also some partners and friends who call not for others, but for themselves wanting to buy shares in Uber, which seems a bit troublesome.

In the last two days, Xiao Qi received calls almost every once in a while, which made him ponder, should he settle things quickly so as to avoid these troubles? (~^~)

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