Chapter 520 Prepare for a rainy day, the global venture capital circle is boiling!(2/2)
After the meeting with Sprout, the news that Dream Fund once again reduced its stake in Sprout quickly spread on the Internet and became a hot topic.
"Dream Fund is stupid, so eager to cash out."
"It is indeed a bit ugly. I only reduced my holdings half a year ago, and this is the second time I have reduced my holdings."
"Fortunately, the valuation is not high, otherwise, I am afraid I will die."
"No matter how high the valuation is, no one is willing to take over."
"That is, with the current valuation, 350 billion is needed? What is the concept of 350 billion? The market value of Qiandu and Tenda has not reached this level."
"Does this mean that the reduction of Dream Fund's holdings is equivalent to selling a Tengda?"
"you do not say!"
“According to the announcement from Sprout, Sprout will no longer carry out the equity repurchase this time, and we don’t know which investment institution will have such strong financial resources to take over.”
"The people upstairs are so naive!"
"The truth is just the opposite. With the ultra-low valuation of 3.5 trillion yuan, investment institutions that want to subscribe may have already squeezed through the door of budding."
"I can only say that poverty limits my imagination!"
"With this equity subscription, Sprout has launched a second employee equity incentive, which is really enviable. In the future, just the dividends will make everything possible."
"Bu Ya's welfare package is indeed the best in the industry, and I can't envy it."
…
The discussion on the Internet was mostly just for fun. After the news came out, the real stir was in the global venture capital circle. As netizens joked, it was eager to crush the budding threshold.
Even if you say——
Sprout Holdings has clearly stated its expenditure in the announcement, and the subscription targets are limited to the national team.
Suddenly, state-owned companies such as China Investment and China Security Fund, as well as various provincial investment companies and urban investment companies, all swarmed in like bees that smelled the fragrance.
Everyone wants a piece of the action.
Overseas, with the second reduction of Dream Fund's holdings in Sprout, a huge amount of 600 billion will be cashed out from China's investment in Sprout.
Let Dream Fund surpass soft money in one fell swoop and become the most successful investment institution in China.
none of them.
Compared with the previous liquidation reduction of Tenda's holdings by Nanfei Newspaper, the latter only made a profit of more than 100 billion.
There is no comparison whatsoever.
You should know that even after the second reduction of holdings, along with the adjustment of the internal ownership structure of Sprout Holdings, Dream Fund is still the second largest shareholder of Sprout Holdings.
The value of the remaining equity held by it, according to the valuation of the venture capital circle, still exceeds the market value of Ali as a whole.
What can soft gold be compared to?
This has also made Dream Fund completely famous in Europe and even in the global venture capital circle, becoming one of the most prestigious investment institutions in the world.
The stock god may be a little inferior in front of the Dream Fund.
And what about the Dream Fund?
The day after the announcement was made by Bu Ya, on behalf of Xianzhengda, it launched an acquisition invitation for Mengshandu, seeming to use such a method to strongly announce its presence.
This puts rival Bayer under even greater pressure.
Without it!
Bayer itself is still in debt, and this acquisition of Monsanto requires a large amount of borrowing.
On the other hand, after the second reduction of holdings, the total amount of funds held by Dream Fund is close to US$70 billion, which even exceeds Bayer's quotation for Monsanto.
That means.
Even if the Dream Fund does not join forces with the Vision Fund and others, it can capture Monsanto on its own.
And it’s still paid in cash.
It is no wonder that after receiving the acquisition invitation from Xianzhengda, Monsanto also took a very positive attitude and provided Bayer with equal or even slightly higher treatment.
At one point, he seemed impatient, even a little impatient.
………
a.
In the office, Lu Kai, the president of Sprout Holdings, is complaining to the big boss Zhang Shuo: "Chairman, I am really one head and two heads now. It is up to you to finalize the final list."
This chapter is not finished yet, please click on the next page to continue reading the exciting content! In the past week.
Sprout Holdings’ disguised “financing” is naturally the biggest event in the venture capital circle.
In a sense, it is also China's largest financing, which can be said to be unprecedented. As for whether there will be any latecomers, it probably depends on whether the Future Dream Foundation will reduce its holdings again.
As the trader of this "financing", Lu Kai is very prosperous, but he also faces various pressures from all sides, both tangible and intangible, overt and covert.
In order to obtain subscription qualifications, major investment institutions have shown their unique skills in the past week.
Not to mention anything else——
The high-end hotels near the sprout industrial park are rarely full. Almost every day, more than a dozen groups of investors enter the sprout industrial park and visit them.
Not to mention all kinds of food, drinks and banquets.
If it were a general investment institution, Lu Kai could still refuse, but many investment institutions were bigger than the others, and Lu Kai couldn't even refuse.
"I feel like I'm going to be soaked in alcohol." Lu Kai smiled bitterly.
"Thanks for your hard work!"
Zhang Shuo had anticipated this a long time ago, so he let the news out early and left the matter to Lu Kai, who was solely responsible for it and did not participate in it himself.
What I mean right now is don't come looking for him, it's useless.
Normally, such a simple excuse would never be able to win over those investment institutions, but it could not stand up to Zhang Shuo's temper, which was notoriously eccentric in the industry.
He is the kind of person who will fall out whenever he wants.
In view of this, many investment institutions really do not dare to disturb Zhang Shuo, for fear of irritating Zhang Shuo and being directly removed from the list by Zhang Shuo, which is really not worth the loss.
on the other hand.
It was also the second uncle who spread some rumors in the industry in advance and indirectly protected Zhang Shuo.
otherwise.
Even with Zhang Shuo's energy, he wouldn't dare to be so perverse.
There is nothing Zhang Shuo can do about it. In the face of many big bosses, if he doesn't pretend to be crazy and fool around, then he will really be cutting things off and adding chaos.
The benefits are exciting.
"Don't!"
Faced with Lu Kai's request for help, Zhang Shuo was hard-hearted and said with a smile: "I've spread the word and said I don't care, so I really don't care. You can't break your promise, right?"
"Ah?"
Seeing that the big boss really wanted to be the boss, Lu Kai was completely dumbfounded this time.
"do not!"
Lu Kai was about to cry, "Chairman, can you give us a big framework? Otherwise, my little arms and legs will really be unable to withstand such a big battle."
"Then let me make two points."
Seeing this, Zhang Shuo didn't want to embarrass Lu Kai too much, and said with a smile: "First of all, in principle, the number of investment institutions participating in the subscription this time cannot exceed thirty-six."
No matter how much it is, the average share of each family will be too small, and it will be difficult to explain.
"Second, among the institutions participating in the subscription, in addition to China Investment and other national teams, in principle, priority will be given to urban investment or provincial investment that have invested or cooperated with Suiya."
As the saying goes, benefits are shared and everyone gets the rain and dew.
This time, Zhang Shuo generously offered 9% of the shares of Moya Holdings. He could not get nothing out of it. At the very least, he had to strive for some real benefits for Moya.
Otherwise, he can follow the example last time and let Sprout Holdings repurchase this part of the equity.
It’s not like there’s no money in Sprout’s account.
Moreover, even if financing is needed, it will first be taken up by Sprout Holdings at a price of 350 billion, and then it will be "financed" externally at a valuation of 400 billion or even 500 billion. There are also many investment institutions flocking to it.
Isn't this a big gift package sent by Mei Ya?
"All right!"
With Zhang Shuo's guidance, the list compiled by Lu Kai could basically exclude more than half of the investment institutions and narrow the scope to a suitable range.
How to ultimately determine these thirty-six investment institutions will definitely have to be discussed by the board of directors.
As a high-level professional manager, Lu Kai was "taking the blame" for the big boss, so naturally he had the consciousness to bear it to the end. It was impossible to say that he really dragged the big boss into trouble.
Replacing Zhang Shuo's personal decision-making with the decision-making of the board of directors is the best way to say it.
Chapter completed!