Thinking of some situations in the original world, Chu Yuanxi glanced at the audience again. Yuan Jing and Yuan Mu sat together. Yuan Mu frowned slightly, as if she felt that her work would become much more difficult after Chu Yuanxi said this. Yuan Jing nodded frequently, as if she agreed with this judgment.

"I'm not saying that financing with the PE system is not good, but it's too early to raise funds under the PE system, which means that the startup company is desperately undervalued by investors. The subsequent refinancing cannot be happy. Although early listing can raise a large amount of money at one time, this "large amount of money" is relative to the company's not large enough size. If you want to maintain rapid development, financing cannot be stopped. What should you do in the future? Investors can't transfer cash to the company at a premium, and they can only follow the market price, so there will be more problems.

So you can see that there are very few early listed companies that can grow into super companies with the help of the open market, unless they go public early, but have dominated a track wide enough. Reason? The company is not large enough, and entrepreneurs must release more shares to raise the same amount of money. It is easy to lose control of the company, either fall into internal struggles or don’t want to raise funds. In short, the company cannot do a big deal.

Especially companies in the open market are subject to more and more strict supervision. For example, misappropriation of funds raised is a serious crime. It is difficult for companies to maintain a pioneering attitude. If the barbarians at the door are ready, it will be even more awkward. Therefore, those who are determined to become super-large companies like TMD are not eager to become iPo. They must at least reach a scale of 300 billion. If the company is big enough, then consider going public, and no barbarians are afraid of. I said that 300 billion is passing, which means before going public.

On the other hand, in the venture capital stage, courageous investors can be "involuntarily" because they are optimistic about the company. They can provide a company with potential but not yet take off with support from the company with over-standard specifications, regardless of the P/E ratio, so that the company can fully realize its potential, reach the expected height, and eventually grow into a super-large company, a national-level or even global-level company.

This is a question of the amount of equipment. The size of the equipment is, the size of the listing space is arranged. So the two companies like the Magic City have quickly launched and went to Nasdaq to do ipo, which is called the capital market myth? Investors are really happy and have made quick money. In fact, the ceiling is already obvious. It will take a lot of time to make privatization and return it in the future.

I don't want Xiaokang to become such a company.

Let me give you another inappropriate example. iFlytek was originally expected to become the overlord of the track. What would happen if the company was in a non-listed state in 2013? IFlytek's technical accumulation must have exploded, right? IFlytek's industry status and prospects back then would raise funds as much as he wanted? After 6 years of hard work and continuous large-scale financing, the market value of 300 billion should be the lowest limit, right? It is a perfect super large company.

It is still assumed that iFlytek was not a listed company in 2013, and then at that time, IPO, or in the past six years, how much money can the open market raise? Considering the refinancing environment in China in recent years, 10 billion is the most important thing? Maybe it won’t reach it. From the perspective of financing volume, it basically negates the opportunity to become a national-level large company."

Chu Yuanxi didn't say something. In reality, iFlytek completed iPo in 2008. After 13 years, artificial intelligence exploded and was already working hard to raise funds. It had to make targeted additional issuances almost every two years, but it only raised less than 8 billion.

raising 8 billion yuan is an undescribable surprise for ordinary companies, and it will cost many undescribable prices. But how can iFLYTEK, which is the "first stock of artificial intelligence" in the Celestial Empire?

iFLYTEK is not Xiaomi. I'm going to raise some money to directly produce products. I don't know how many research and development directions are just not directly formed by the product and external sales. 8 billion is a drop in the bucket. It is impossible to do whatever you want.

So 6 years have passed, and this track has been crowded with powerful entrepreneurs. The peak of iFlytek's market value is only 100 billion, and it is not a single breath away from the national level, and it has almost given up the track.

After Chu Yuanxi said that iFlytek, he found that there were a few big guys below with strange expressions. Thinking about who iFlytek made a private placement with in recent years, this situation is very interesting...

"Excellent! So exciting!" Xu Xin tasted it for a while after hearing it, and then quickly applauded without any concealment. "Your insight is exactly the same as that of Yuri, a Russian investment tycoon. Yuri liked to invest in companies at a high valuation of three times the market price. Seeing that people are stupid and have a lot of money, one investment is a super company. If you don't start a business, I feel that you can make a name for yourself, really."

Chu Yuanxi laughed and thought to himself that this was all a trick! Why did Xiaokang start pursuing listing after two years of working in the original world? Because Chu Yuanxi just said a lot of babal, saying that "a bold investor" is like that.

The overall attributes of the investor group in Xiaokang Original World obviously have nothing to do with courage. Even if Yuan Jing is hoarse, it is useless. Therefore, it is good for everyone to go public early and is also a relief to Chu Yuanxi. After going public, he will bear the responsibility for buying and selling at his own expense, and his responsibilities to these investors are not that heavy.

This time the hero has come back, and Chu Yuanxi certainly hopes to purify the revolutionary team. Now he is qualified to select some truly courageous investors. At least Xu Xin said that, the financing plan in August seems very promising.

Finally, the small investment report meeting finally ended. Fang Shiling felt that it was her turn? It wasn't the end yet. Yuan Jing had something to say to Chu Yuanxi, so he had to watch Chu Yuanxi take Yuanjing and Yuanmu into the tea room. Zhu Chi was already very sleepy and looked at Fang Shiling and Wei Ning in helplessness, took them to another small conference room, and then quickly slipped away.

In the tea room, Chu Yuanxi brewed two cups of tea for Yuan Jing and Yuan Lu, and then went straight to the point: "Actually, there is nothing else. I want to do a round of pre_a financing in April at the latest in May."

"So anxious?" Yuan Lu didn't expect, "Your 100 million is enough to spend, right?"

"Enough flowers are enough, but in April, we will advance to Mileage 2, and all of them are based on these 100 million flowers. With the current situation of a well-off society, it is difficult to recruit particularly powerful people. I have sent you the milestone plan, right? Only when we get Mileage 4 and August can outsiders see a rough picture and be more attractive."

"Didn't you recruit some powerful people in front of you?"

"The people in front of me were dug up one by one at a time. For example, you don't know the process of recruiting Liu Lu? It's impossible for me to recruit people like this later, so I have to recruit publicly."
Chapter completed!