Super Tycoon

Chapter 404 Preparations for listing

The Zhiduoxing G2 project has been going on for a long time. Zhang Yang hopes to get hardware with sufficient performance as soon as possible, and then carry out machine debugging, and at the same time authorize some game companies to develop games.

He hopes that when G2 is released, there will be at least ten 3D games released at the same time, including multiple types, so as to give players more choices.

And this time, Zhiduoxing G2 will be released simultaneously globally, and multi-language versions will also be released simultaneously, so the software translation alone will take a while, and he must hurry up.

The main board of the game console has been designed. The size of the machine this time is one-third larger than the GMINI, which is similar to the old GMINI, but the performance should be greatly improved.

Zhang Yang hopes that with the help of this game console, Zhiduoxing Group can secure its position as the industry leader, and will no longer be criticized for its lack of 3D functions and backward performance, and at the same time increase the company's profit margin.

The profit margin of 2D games is far lower than that of 3D games, which can be seen from the selling price. For example, the price of Nintendo's Ocarina of Time is ten times the price of ordinary 2D games of Zhiduoxing!

After Zhiduoxing has a 3D game, the selling price can also be increased to more than one hundred dollars, and the company's revenue will also be greatly improved, which will also be of great benefit to the company's IPO.

In the past few days, Zhang Yang has contacted several large financial institutions in the United States, hoping that they can act as underwriters for the IPO of Zhiduoxing Group in North America.

Although the commissions of big financial institutions are very high, their ability to sell stocks at high prices is also the strongest, provided that your company can make the other party look good.

It doesn't mean that if you give a high commission ratio, the other party will be willing to be an underwriter. They also have a threshold for entry.

However, Zhiduoxing Group's title as the number one in the video game industry is still very resounding. Thinking about Nintendo's stock price, you know that this company will definitely not be bad when it goes public.

In particular, the company's asset status is extremely good, its debt ratio is extremely low, and its profits are high. It will definitely be sought after after listing.

In the financial market in the United States in recent years, the stock prices of technology stocks have been good, especially IT electronics stocks, which have been rising all the way, and the leading companies are Microsoft, IBM, Intel and other companies.

If the Zhiduoxing Group is listed here, it will definitely perform very well, so several big companies are willing to become the underwriter of the Zhiduoxing Group.

But now they have some disagreements about the proportion of Zhiduoxing Group's listed shares.

The proportion of tradable shares issued by listed companies is generally no less than 25% and no more than 50%. Of course, it is not absolute, and different markets have different requirements for this.

For example, Nasdaq, even in a market with very loose conditions, there are many companies with a stock float ratio of more than 50%, and even 70%.

What Zhang Yang meant was to issue about 30% of the shares, so that the company could raise 30 to 4 billion U.S. dollars to buy shares in some hardware manufacturers.

This is also a kind of diversified investment, and it is also of great benefit to the development of the company. Becoming a shareholder or director of some large hardware companies naturally has a certain right to speak, and many things can be resolved through internal negotiation.

It would be even more perfect if it could hold some companies. Zhiduoxing Group can also grow into a comprehensive IT enterprise covering software and hardware.

However, several underwriters want to persuade Zhi Duoxing to issue 40% of the shares, because in the Zhi Duoxing Group, Zhang Yang and his father have already held more than 90% of the shares, even if they issue 40%. There is no impact on their controlling interest, and more funds can be raised.

For underwriters, the more you issue, the more commission they will get, and of course they want to make more money. And they also want to let Zhiduoxing Group give them some opportunities to subscribe first. Although there are regulations on the ratio of preferential subscription, they will definitely make money, which is more cost-effective than directly taking commissions.

Those underwriters are also financial giants,

They originally held the stocks of many companies as investments, and even traded stocks and became major shareholders.

But what they didn't know was that Zhang Yang had another idea in mind, that is, he hoped to buy back some stocks in the future. The more you issue now, the harder it will be to buy back in the future.

Now he wants to invest in some companies, but he doesn't have enough money. After two years, when the company's assets are developed, he can go public in other markets, such as Tokyo, Hong Kong or London, or even the mainland.

The better the financial environment in the market, the higher the listing price can be set, and the greater the increase will be.

Many people think that after the company's stock is listed, it is a good thing that the stock price soars all the way, because the stock they hold has appreciated and made a lot of money.

However, as the original shareholders of the company, they all have a certain sales restriction period. During the restricted period, your stocks cannot be traded, and what you get is only book assets, which may shrink at any time.

In the previous life, Alibaba did a good job in this regard. After the stock was listed, the increase rate was not high, which shows that when they were issued, the price was set at a reasonable price, and more funds were raised for the same number of shares.

Going public is not for the sake of soaring stock prices, which is what some investment institutions expect. They are waiting for you to go public, we will sell the stock to make money, especially venture capital institutions.

The real purpose of going public is to raise more funds for the development of the company, and through the stock market, let more people know about the company, which also has a certain publicity effect.

But here, in fact, only some top companies can enjoy these. How many people will really pay attention to a small company that is not ranked high?

This is like the Forbes list, you are ranked in the top ten, many people know that you are ranked first, even more than half of the people in the world know. But you are ranked 1324th, so there are only a few people who know about it.

Zhang Yang wants the company to go public for one purpose, to raise funds for expansion. But no matter how he expands, it is impossible for him to let the controlling stake go, even if the voting rights are still in his hands.

So those who persuaded him to issue more than 50% of the shares before, he directly refused, and now he is hesitating whether the proportion of the issued shares should be about 30% or about 40%.

Zhang Yang didn't have any experience in going public when the company went public. In his previous life, his small company hadn't reached the stage of going public yet.

Zhang Yang discussed this matter with his father, but his father didn't understand. He only said that he would let Zhang Yang decide on his own, and he would support whatever decision Zhang Yang made.

After thinking about it, Zhang Yang picked up his coat, maybe he should go back to school to consult some experts and professors.

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