Global monopoly of technology

At the Bluestar Technology Group's shareholders meeting, Luo Sheng's first proposal has ended, and now all shareholders attending the meeting are looking at him again.

Everyone is unhappy, especially the six major investors.

That's for sure, he was disarmed on the spot, and no one would make a good face when he changed.

Happy Pidian Pidian came all the way to attend the shareholders meeting, and was "seized" for EB who was unhappy when he went to the meeting. Luo Sheng didn't care at all, and he could tolerate the dissatisfaction of the shareholders present, as long as the vote passed. .

Don't care about me?

At this moment, the major shareholders have already prepared for worse than the first resolution. According to the usual practice, most of them are going to be worse.

In short, the remaining two major decisions are certainly not a good thing, at least for external shareholders.

At this moment Luo Sheng took a sip of water, and Luo Sheng looked around at the crowd, and suddenly fixed himself on the seats of JP Morgan and Goldman Sachs. The two major investors were inexplicably puzzled.

After a while, Luo Sheng said calmly: "The second thing is the way that Bluestar Technology will determine the stock price of its IPO next year."

When I heard this, it’s no wonder that I was asked to sign a confidentiality agreement when I attended the shareholders’ meeting. Basically, I had to sign a confidentiality agreement for everything about the IPO, because the time span is still very long.

Luo Sheng continued: “In order to return the support of the majority of investors to Bluestar Technology, in addition to major shareholders, we must also guarantee the interests of small and medium investors in the future. Therefore, we have decided that the stock price of Bluestar Technology’s IPO next year will be auctioned. carried out."

Both Goldman Sachs Group and JP Morgan had a toothache, and Luo Sheng's line was very painful for Wall Street investment banks.

The use of bidding to subscribe for the original shares of Bluestar Technology is really a low price. I have never seen such a careful calculation to the extreme.

Will you die if you earn more for us?

At this time, everyone inexplicably cursed Google.

Google made a very bad beginning. The underwriters or investors present firmly believed that Luo Sheng definitely studied the Google IPO case last year.

Because Google is playing auction subscription when it goes public.

Indeed, Luo Sheng referred to Google’s case and determined to do so. Whoever makes Bluestar Technology’s stock a sought-after item, the higher the internal subscription price will get, so that he can avoid diluting himself heavily at too low prices. Of shares.

In previous listing actions, the price of original shares was generally negotiated by the listed company and the underwriter, and the price was usually lower than the actual value.

The underwriters and their major customers make the difference through internal subscriptions, which of course harms the interests of the company as well as the interests of small and medium investors.

Not only that, the underwriters will also control the rationing of the original shares, and they will definitely give priority to their very important large customers. The average person simply cannot get the internal subscription rights.

Simply put, high-quality IPOs like Bluestar Technology and Google are not something you can buy if you have money.

The representative of JP Morgan sighed in his heart, and he could see that it was harder to take advantage of Luo Sheng's hands than to get to the sky.

He should go to work on Wall Street.

In fact, Luo Sheng not only referred to Google, but also studied Berkshire Hathaway, Berkshire Hathaway, and other listed companies.

Of course, Qin Weimu helped him refer to the analysis data.

Paul Watson immediately looked at Luo Sheng, and asked in a deep voice: "In this case, what is the minimum bid and ceiling per share?"

Luo Sheng’s approach certainly guarantees the interests of his founder team and small and medium-sized investors. Of course, Wall Street must make a small amount of less money from it. It's easy to talk, but it's useless.

In fact, JP Morgan and Goldman Sachs, as investors in Bluestar Technology, are also listed sponsors, and they are also calculating this in their hearts. It is hard to say on the surface, but they will certainly not cooperate secretly.

If you take the opportunity, you must not kill him fiercely.

This little bastard!

Luo Sheng didn't know what the other party was thinking, and he didn't need to worry about it. He only smiled innocently on his face and replied: "No hurry, let's wait for next year."

damn it!

When everyone heard this, they scolded.

But think about it, if you set the subscription price now, you won't be the shrewd little bastard in their eyes.

Until the end, he will never show his hole cards easily.

The current development momentum of Bluestar Technology will rise by a step almost every quarter, and there will be variables in the pricing the day before the IPO.

This matter was quickly negotiated, and Luo Sheng immediately threw out the third consideration: “Finally, we decided to split the IPO financing of next year into three times. Except for the first one, the subsequent two were in 2007. The beginning of the year and the end of 2007 or the beginning of 2008 at the latest."

The investors present thought that the last matter would be more difficult to accept, but they did not expect to be quite surprised. As soon as Luo Sheng's proposal came out, all shareholders expressed their approval with their hands.

Of course, the company’s financing and listing is to hope that the larger the financing amount, the better, but this requires a price. If you have to dilute your own stock a lot, the company and existing shareholders may not be able to get the maximum profit.

Luo Sheng decided to split a financing into three times. The IPO stage in 2006 is a price. After 2007, the market value and stock price of Bluestar Technology Group will not be surprisingly higher than during the IPO period.

Relatively speaking, to achieve the desired financing amount, only a small amount of additional shares are needed to achieve the goal, and the shares in the hands of shareholders can naturally be diluted as little as possible, ensuring the interests of themselves and their investments to the greatest extent.

This is not only beneficial to Luo Sheng himself and the founder team, but also beneficial to all shareholders present.

The two previous matters were only beneficial to Luo Sheng and his founding team, and not to the external shareholders, and even loss of profit, which was naturally unhappy.

And this time, of course, there is no reason to object.

However, there is a prerequisite for this, that is, after the IPO, the Bluestar Technology Group should develop well, preferably more and more outstanding, then the higher the value.

Obviously, at this point, almost all investors are very confident in Luo Sheng and his management team, because they have proved with practical actions that they can lead the company on the right path.

The third matter was passed without any suspense, and all shareholders had no objections.

There is still a big difference between one after the other. The one that made a lot of outside shareholders upset before suddenly tasted the sweetness in the end. I have to say that they can see Luo Sheng's move, but it is indeed very cool. It's useful.

His kind of psychological control of people really made Paul Watson and others look at him. Not to mention that such people take advantage of him for nothing, but should be careful not to be countered by the other party.

Because he had been deceived by his youthful appearance and was caught once, 12% of the Class B equity was taken back by him without covering the heat.

At the end of the shareholders' meeting, it is almost time to end.

So far, Luo Sheng has basically prepared for the Bluestar Technology Group’s IPO. In general, what can be done, strengthened, guaranteed, conceivable, and calculated has been arranged. For nothing.

The big tone has been set.

The next thing to do is to do a good job of the company's performance, products, and development with peace of mind, and try to achieve the highest valuation of the company the day before the IPO.

For external shareholders, they must be very dissatisfied with this shareholder meeting, but they can barely accept it.

Luo Sheng's handling between himself and capital has achieved a perfect balance. It is easy to say, but it is not something ordinary people can achieve.

Finally, when the meeting was about to adjourn and leave the meeting, Luo Sheng once again spoke for the last time, only to see that he looked around all the external shareholders and laughed loudly: "Everyone, as early as the pre-A round, I said, my investors, nothing Don’t think, don’t do anything, don’t ask anything. An Anxin lies at home and counts the money and gets cramps. This non-binding promise does not say that it is absolutely successful, but today, there is no doubt that the signs of its success have become more obvious. It’s getting more and more obvious."

Paul Watson got up from his shareholder seat and came to Luo Sheng and laughed and joked: "I have to admit a fact, Mr. Luo, your level of shrewdness is really too much, and such a person is in charge of Bluestar Technology. The group definitely makes Wall Street love and hate."

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