Ordinary Road 2010

For example, Xiaoyaozi from Factory A.

Of course Liu Jianni also understands what a great opportunity this is for her.

From a venture capitalist, a practitioner in the financial industry in a broad sense, to a corporate CFO, she has been on this road for four years.

And from the CFO to the CEO, it is a very long distance, many people can't cross it in their lifetime, and now it seems to be close at hand.

There must have been some turmoil in her heart, but she didn't show much urgency.

"On the side of Pengcheng Motors, the entire construction cycle will not be completed after the start of the production base. As for the research and development of Pengcheng No. 1, you are only playing a guiding role."

"Thousands of miles travel here, although the business has stabilized, after all, our history is only five short years. Is it too early for you to step down at this time?"

"From my experience, it is best to have a transition period of one or two years after listing, then the whole process will be very smooth."

Lin Yi looked more confident than herself.

"There is no need to be so cautious, because traveling thousands of miles is no longer the time when it was precarious, and it will not cause any turmoil and speculation just because of a change of CEO. Wasn't it fine when the senior sister left?"

"Besides, I am not quitting the company directly. I will still serve as the chairman, but I will basically let you and the management team let go of the specific business level."

"As for the timing issue you mentioned, I think it's better sooner rather than later. If you want to change it, you should change it before it goes public. If the province's product goes public and makes a surprise attack, the outside world will think that something happened to us."

Liu Jianni understood.

Although becoming the CEO does not mean that she has mastered the highest power of the company, and Lin Yi is still at the top, but this step is still of great significance.

For that, she was grateful.

As for why Lin Yi didn't stay as the CEO himself, and let her take on a transitional position like the president, the reason is not difficult to guess.

Liu Jianni still remembered that Lin Yi said that in his heart that position only belonged to an irreplaceable person.

Chapter 628 Kunpeng spreads his wings

Liu Jianni's appointment as CEO was soon announced, and Lin Yi only served as the chairman of Wanli Travel. This was the last major personnel adjustment before going public.

The company's IPO plan will also start.

"As for the listing location, we have been discussing the United States since you proposed the listing goal, because this is the only option in the developed capital market that meets our listing requirements."

"However, at the end of last year, the Hong Kong City Stock Exchange announced that it would accept listing applications from companies with different ownership rights, so the United States is not the only solution."

Lin Yi's current shareholding in Wanli Travel is only about 13%, and he must rely on super voting rights to ensure control.

Therefore, different rights for the same share are mandatory.

Hong Kong City Stock Exchange was relatively conservative on this issue before and was unwilling to change it until it missed Factory A in 2014.

They were originally the preferred choice of Factory A, but they were pushed to the other side of the ocean due to inflexibility.

At that time, Lin Yi was in the United States looking for investors for traveling all over the world, and he was under pressure from Factory A because of this incident.

At the time, that IPO raised a record amount of money.

After that, the Hong Kong City Stock Exchange learned from the pain, and then continued to tinker with it until 2017, and finally announced that it would accept companies with "same shares with different rights" to list in Hong Kong from the end of April 2018.

Of course, there are certain thresholds, such as high-growth innovative industries and an estimated market value of more than 100 billion Hong Kong dollars. These thousands of miles of travel are undoubtedly in line.

In other words, this new regulation is a back door specially opened for companies like Wanli Travel.

"Choose Hong Kong City."

Lin didn't hesitate at all. He had been waiting for this opportunity, because he knew that troubles would only increase after going public in the United States.

Liu Jianni originally wanted to introduce that going to the U.S. for listing first and then returning to Hong Kong is also the choice of many large companies in the technology industry, but since Lin Yi is so determined, she will not say more.

"The listing project team usually includes a lot of intermediaries, and if you can only choose one of the most important sponsors, it must be decided by you."

"Sponsor is a role, not just a certain institution, it can be exclusive or joint."

"Based on our size, exclusive sponsorship by a certain investment bank is not unbearable, and it is not the best choice for the company."

"Regarding the selection of sponsors, going back several years, Hong Kong City's capital market is completely dominated by international investment banks."

"In recent years, with the continuous upsurge of mainland companies going public in Hong Kong and the years of hard work within the industry, the trend of the rise of Chinese investment banks in Hong Kong is very significant."

"Only in terms of the number of IPO projects sponsored, Chinese investment banks have surpassed international investment banks, but not necessarily in terms of amount."

"Because the more leading companies raise more money when IPO, the more they need to sell to global investors. In this regard, international investment banks still have obvious advantages in sales capabilities."

"Based on the current situation of our Wanli Travel, I suggest that we can choose a Chinese-funded investment bank and at least one foreign-funded investment bank as joint sponsors."

Liu Jianni gave a very detailed explanation.

Based on her accumulation in the financial industry, her understanding of these matters is of course far higher than that of Lin Yi. The reason why Lin Yi is allowed to make the decision is to avoid suspicion.

The benefits here are huge.

Based on the current valuation of Wanli Travel, the sponsorship and underwriting fees for this IPO project must be settled in units of "[-] million US dollars".

The financial industry is a typical "resource-based" industry, which means that this project can be done by anyone, and there are no technical obstacles.

To put it less seriously, this money Linyi can earn whoever is pleasing to the eye, so appearance is also a hard currency in the financial industry.

Regardless of men and women.

"Let's invite bids, call all qualified investment banks, and see who has the lowest offer."

Lin Yi had no preference for this, so he chose the simplest method. Liu Jianni expressed her understanding and continued to confirm:

"There is no need to choose an accounting firm. We originally used the Big Four, so the listing report is naturally produced by them."

"Hong Kong City is called an auditor. Apart from this, do all other intermediary agencies also do the same?"

She originally thought that Lin Yi, the most important sponsor role, didn't have any requirements, so the rest would go through the bidding process and it would be over.

"I have a law firm to use."

Although Liu Jianni was surprised, she still asked, "A domestic law firm or an overseas law firm?"

Although securities lawyers are called lawyers, they can also be regarded as the financial industry in a broad sense.

The legal issues involved in financial regulation in various countries tend to become more and more complicated. This project needs to use at least four law firms, because Wanli Travel itself conducts business in the Mainland and is listed in Hong Kong City.

Among them, the company itself and the sponsor must hire a law firm in China and abroad. Of course, the money for the sponsor's lawyer is also paid by the company.

If other jurisdictions are involved, a law firm with local qualifications may also be required.Common examples include the British Virgin Islands and the Cayman Islands, which are internationally recognized tax havens.

"Domestic, Jun Wude Law Firm."

"Red circle, yes."

Liu Jianni didn't ask much, and directly suggested: "If you are familiar with the other party, then let them act as the company's domestic lawyers."

Lin Yi smiled and said, "I'm familiar with it, but I'm not familiar with their team leader, I'm just familiar with a small lawyer with more than a year's experience."

He was talking about Zhang Jiaqi.

The best friend of Gu Caiwei's classmate, after graduating from university, entered this law firm and became a securities lawyer.

This seems to be different from her practice direction in her previous life, but Lin Yi doesn't plan to delve into her mental journey.

Gu Caiwei told him about this, and the meaning was obvious.

Since you can do it for anyone, then it's okay to take care of classmate Zhang Jiaqi.Although she doesn't need to do business for the team with her seniority, it will definitely help her career development.

After Liu Jianni implemented Lin Yi's request, all intermediary agencies were in place soon, and Wanli Travel's IPO counseling team was formally formed.

Interestingly, according to the working habits of investment banks, they have to give the project a name first.

This is out of confidentiality considerations, especially when making calls outside, if you directly call it "Wanli Chuxing IPO Project", it will easily lead to leaks.

In fact, this matter has nothing to do with the listing work itself, but the formal matter can be big or small, so Liu Jianni still reported it to Lin Yi.

He took a checklist from the investment bank and glanced at it, but found that the Chinese and English bilinguals were complete and looked decent.

However, Lin Yiquan didn't match, so he thought about it on the spot: "Let's call it Kunpeng."

At this time, a young man from an investment bank next to him muttered to himself: "Kunpeng project, how do you translate it in English?"

As soon as she spoke, she realized that she seemed to be rash, because she didn't control the volume well and everyone heard it. Lin Yi didn't blame her, and gave a suggestion.

"If it's not easy to translate, use pinyin, don't get used to it."

Chapter 629

At this point, Liu Jianni can understand why he doesn't want to go public in the United States without Lin's repeated explanations.

Just as Lin Yi was preparing for the IPO step by step, a person whom he had not contacted for a long time approached him.

"Brother Xing, I haven't seen you for a while."

Wang Xing of each group, since Mimi quietly launched the online car-hailing business in Jianye last year, Lin Yi promoted the merger of Are you hungry and Xiongchang Food Delivery under Factory A. After that, the two sides did not interfere with each other, but it was nothing. contacts.

After all, he is as famous as himself, and he still had some friendship before, so Lin Yi didn't put any airs on it.

Since I'm here, there must be something, so I'll see you.

"I heard that you are also planning to go public on the Hong Kong City Stock Exchange?"

Theoretically speaking, a non-disclosure agreement should be signed for the matter of going public. The various intermediaries of Wanli Travel IPO, that is, the members of the "Kunpeng project team" should not disclose it, and the inside should strictly control the scope of knowledge.

However, there are too many people who know about it, and there are those who have participated in the bidding of Wanli Travel and have not been selected, so leaking information is almost inevitable.

Of course, Lin Yi didn't want to hide it.

The financial industry is a small circle, and there are only a few companies in the Internet industry at this level. It is normal for Wang Xing to know this.

What's more, he used a very subtle word "also".

"It seems that this time, the two of us seem to want to be together again?"

Wang Xing admitted generously: "I do have this idea, but I didn't make up my mind as early as you. Looking back now, you should have started thinking about it when you merged with Tutu Express."

"Every group is also discussing the listing with major shareholders. If there is no accident, it should be launched later."

Hearing what he said, Lin Yi guessed that Wang Xing should have received the news from an intermediary agency. They like to brag that "I do all the projects for traveling thousands of miles".

"You came here today, you didn't make a special trip to tell me the news, did you?"

Except for the brief friction between the two parties a year ago, it can be said that each group has nothing to do with the business of Wanli Travel, and Wang Xing's listing has nothing to do with him.

Wang Xing really didn't mean anything else when he mentioned this matter, it was just chatting, since Lin asked about it, he explained the purpose of today's visit.

"Do you know about the little yellow car?"

After Lin handed over his Mobike to factory A, he has retired from the bike-sharing industry and doesn't plan to get involved in it.

However, as it was a lively outlet in the past two years, not to mention that it was more or less related to their travel field, so someone would still report to him.

What happened to the little yellow car?

All I can say is chicken feathers.

At the beginning, because of Lin Yi's coercion, Xiao Huangche refunded all the user's deposits with the support of Goose Factory, and almost used up all the funds overnight.

Since the end of last year, there have been various rumors that there is a problem with the capital chain of the small yellow car, and the supplier has not settled the payment. It is said that the mortgaged assets have been borrowed and the loan has not been repaid.

Recently, the lid could not be covered completely, and the supplier was directly sued in court, and the debt crisis had nothing to hide.

Lin Yi, the partner and investor of the little yellow car, can only express his regret, but he has done his utmost to let this Lei Bubo fall into the hands of ordinary users.

"It's a bit strange that you came to me about this, don't you know that Dai Wei of the little yellow car fell into the embrace of the goose factory after rejecting me?"

"Oh, there is a part of you in the middle."

"Later, Xiao Huang Che and Mobike once discussed merging, and it was because of me that they broke up with Dai Wei. I am afraid that I am the person he hates the most in this industry, at least one of them."

"How do you think I can help?"

Wang Xing's stern look indicated that he was not joking, and immediately resolved his confusion.

"That's why I came to you."

"Xiao Huang Che will be short of money immediately after refunding the deposit. Everyone knows this."

"Actually, Mobike is not too bad, otherwise it would not have turned around and sold itself, but the last move was not the long-rumoured trip of thousands of miles, but the rich and powerful factory A who paid the 30 billion US dollars."

"At the end of last year, the little yellow car began to fail. At that time, we were actually willing to help him. As long as Dai Wei can make sense, it should be no problem to continue financing."

"But he'd rather take out a mortgage than accept our offer."

"This Dai Wei doesn't know which nerve is wrong. He has messed up the company by himself, but he still doesn't want us to reach out to help him."