Chapter 3014 Uber Refinancing (Part 1)
When Xiao Qi returned to China, fae wave OK had been on the market for almost 20 days.
In these ten trading days, fae wave ok has followed a very beautiful upward curve. It has now 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.
After receiving such a large sum of money, this guy certainly didn't want to sit idle. He recently called Xiao Qi repeatedly to ask when the second round of financing for Uber that he had discussed before would be carried out.
Only then did Xiao Qi realize that Zuckerberg was interested not only in the cloud server giant Dreamdve, but also in Uber, which attracted the attention of thousands of people.
It has to 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 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 a thief.
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 experiences 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 emergence of Uber, an online taxi-hailing software with 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 period, taxis made almost no money.
If taxis don’t make money, it will naturally affect the interests of many parties.
These people are quite large in number and powerful.
When it comes to the money in their own pockets and the money they have to support their families, let alone Xiao Qi's company, even God's company, they dare to cause trouble.
Ever since Uber started to grow and develop last year, there have been endless protests and tit-for-tat confrontations against Uber in various places. There have been taxi strikes not once or twice, and there have even been incidents of taxi drivers surrounding and beating up Uber drivers.
Although these have not 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 Xiao Qi’s friends 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 ranges from Morgan Stanley's US$55 billion to Standard Chartered Bank's US$47 billion. If we take the middle figure, 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 in his companies, he never bases his decisions on other people's estimates. He makes his own decisions.
For example, the previous Dreampad and Dreamsta were like this.
In particular, the sale of App Store shares exceeded everyone's expectations and was sold at a price that was almost double the market valuation.
As everyone knows, Apple and Samsung bought 5% each without hesitation, and were very dissatisfied that they could only buy such a small number of 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 just hated Xiao Qi for selling less, and 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, 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 and the Steinbrenner family, as well as the company's management, and confirming 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 figure 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 that are diluted by Xiao Qi will be taken in this way, so that Xiao Qi can maintain his absolute control over Uber.
Such a statement naturally reassured a group of investment companies and funds, and they 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 are lucky.
We are not fools. Uber has now begun to make initial profits. If it can be fully developed, profits of billions of dollars a year can be expected.
The most important thing is not the huge monetary benefits, but Uber's control over the global taxi market, which is a huge advantage.
To put it simply, after Uber takes over the global taxi market, how will its advertising effectiveness be calculated? How will its control over major car companies be calculated?
After careful calculation, it has benefits that are no less than its ability to make money, and is even more powerful than this simple ability to make money.
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 were also very smart. In addition to formally submitting an application to Xiao Qi to purchase shares, they also found people to intercede with Xiao Qi from various aspects.
If 3% doesn't work, then 1%. If 1% doesn't work, then at least 0.5% should be used, 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 bodyguard together with the work mobile phone, so that he rejected most of the suggestions.
But there are also some partners and friends who call not because of others, but because they want to buy Uber shares, which seems a bit troublesome.
Chapter completed!