After divorce, I can hear the voice of the future

Chapter 395 The Keeper Old Lu
On the 8th, Lu Liang returned to the Magic City.

As soon as I got off the plane, Panda General Manager Long Fei sent a car to pick me up and take me to the Hilton Hotel.

"I don't know what you're so nervous about. The IPO round is a sure win, and Panda is the first domestic live streaming platform to be listed in the United States."

As soon as he arrived at the hotel, Lu Liang saw Xiao Wang holding a manuscript and reciting the key points of his speech, and he was visibly nervous.

"How can I not be nervous? It feels like I have been raising a child for 18 years and finally the child is taking the college entrance examination."

Xiao Wang was filled with indignation, as pandas were his career. If he failed, he would just be a rich second generation who lived a life of idleness and waiting to die.

This rich second generation is not just any rich second generation, but a rich second generation who can really live a carefree life, spend money on wine and women, and will not be targeted by others.

At the beginning of the year, Wanda suffered a double blow in stocks and bonds. Although it was a bad thing, it cut off its arm to survive and solved the problem, which is now a good thing.

Because Wanda paid enough price and even solved in one fell swoop some minor problems and pains left over from Wanda's development over more than 20 years.

To sum it up in one sentence, they are already like this, what else do you want them to do? Leave them a way out so that you can meet again in the future.

As the only son, he can naturally enjoy this BUFF.

Lu Liang was suspicious: "Are you pretending to be cool?"

"The truth!" Xiao Wang said seriously.

"Come on, don't make yourself sound so great. You are just Uncle Wang next door at best."

Lu Liang rolled his eyes and looked at Long Fei who was still proofreading the process. He was the one who had to play both the father and the mother.

If the credit for Panda's development to date is divided into ten parts, Long Fei would probably get four, he would get two, Xiao Wang would get two, and the rest would be from others.

In the early and middle stages of development, Xiao Wang has always had more negative effects than positive ones, although he can easily get financing with the title of the son of the richest man.

But because it is too easy, people spend money lavishly, and every day they are either arguing about this or that, making enemies everywhere.

After a network cleanup, the capital chain almost collapsed, and it was also hit by the iron fist of capital from Penguin and forced abdication from investors.

In other words, with the popularity of live streaming sales, Panda has found a way to make profits, otherwise it would have been out of business long ago.

"Will you die if you tell a lie?"

Xiao Wang had a face full of resentment, but suddenly he became generous: "Forget it, I'm in a good mood today so I won't bother with you."

He threw a stack of information at me, with an arrogant look on his face: "Take a good look at it, open your eyes and see clearly."

Last quarter, the sales of products sold through Panda Live and the platform’s share of revenue.

Cumulative sales reached 58.15 billion yuan, with revenue of 3.8 million yuan.

"Amazing! In the early days of TV shopping, changing the leather case worked so well?"

Lu Liang was surprised and found that he had underestimated this track. Every live broadcast had sales of tens of millions, and the commission was no less than 5%. The commission for skin care products was as high as 80%.

However, it may be to boost sales after the launch, or it may be that Panda has relatively few female consumers. The sales volume of skin care products in the live broadcast room was only 0.8 million last quarter.

Lu Liang saw Li Xiaomeng's name. She had nine live broadcasts last quarter, contributing 2300 million to the skin care category. After deducting the platform's 50% share, there was still 1120 million in revenue.

After deducting nearly half of the tax, there is still 550 million left. With the signing fees and audience tips, the annual income should be able to reach tens of millions.

No wonder every time Lu Liang went home during this period, he saw a lot of fancy ornaments and furniture.

Before she knew it, she had become a wealthy woman.

From being the kept man Xiao Li, to being the kept man Lao Lu.

It has been a long time since I received any text messages regarding the secondary bank card I gave her.

Xiao Wang was very proud: "It's not that TV shopping is effective, but there are too many middlemen these days."

Merchants want to make money, platforms want to make money, and manufacturers also want to make money. Although information seems to be developed these days, the goods are not cheaper at all when they reach consumers.

They can do point-to-point business, directly connect with manufacturers, and specifically for a certain product, exchange quantity for low-price advantages, and then give back to consumers.

But sometimes, he would feel jealous of the two neighbors, especially Douyu, which was let go by Penguin after its failed merger, leaving him and Huya to fend for themselves.

Douyu has done everything it can to make money, and the profits from OEM products have made him jealous.

Taking tissue paper, the daily necessity with the largest sales volume, as an example, the commission they get from cooperating with first-tier brands such as Jie Rou and Vinda is only 5%-8%, but the commission for self-promoted brands can be over 30%.

Last quarter, the total sales volume of tissue paper was 3.8 million. If we had found our own factory and promoted the product under our own brand, the revenue would have been more than 2470 million, but at least 1.14 million, a difference of more than four times.

Although they are all paper towels, the implementation standards and costs are different. Some can only be used to wipe hands and tables, while others can be used to wipe mouths and buttocks.

"You can earn money again if you lose it, but you can undoubtedly earn more if you lose your conscience."

Xiao Wang sighed. He had been calling his friends "brothers" in the live broadcast room, and he really treated his audience as brothers. People came to Panda and bought things in the live broadcast room because they trusted him and wanted to get a bargain.

Just earn less, after all, it’s not easy for guys to make money, and their money doesn’t come from the wind.

"Cong, I'm very happy that you are so sensible." Lu Liang raised the corners of his mouth and a gratified smile appeared on his face.

Suddenly I understood why second-generation entrepreneurs are prone to failure. Because they are born into wealthy families, they don’t have a strong desire for wealth. To a large extent, they start a business just for fame and to prove themselves.

In the business world, every penny counts, and it is no empty talk to say that those who are unscrupulous can make more money.

No matter what we eat or use, as long as no one dies, it’s fine. After all, humans are not that fragile.

It doesn’t matter if they die, as long as there aren’t a large number of them. Even if there are one or two survivors occasionally, it won’t cause any waves.

"Did I ever tell you to stop looking at me like that?"

Xiao Wang narrowed his eyes and for the 22nd time he felt the urge to strangle Lu Liang to death.

Lu Liang smiled and stopped teasing him. When he saw Sun Yutao coming over, he greeted him and the two walked aside to talk.

Panda's valuation is 38 billion US dollars, with an issue price of 1.98 US dollars per share. Shanghai Station has put aside 1.92 million shares for subscription, raising 3.8 million US dollars.

In order to be able to compete on the Nasdaq after the listing, Tianxing Private Equity plans to use all its cash, totaling US$90 billion.

The subscription was divided into two batches, each with US$45 billion, and was participated in at the Shanghai station and the subsequent New York station.

Although Xiao Wang can initiate another round of financing before the listing, the shares raised are all original shares, which have a six-month lock-up period.

You can only buy and sell stocks on the first day of listing by subscribing to the IPO and winning the lottery.

Sun Yutao looked at the increasingly crowded venue and sighed, "I just don't know how many tickets I can win."

This roadshow only had $3.8 million in shares, and their $45 billion pushed the subscription ratio to 11.8 times.

In the venue, there were large institutions and small speculators, all kinds of people, and it was estimated that a hundred times return was common.

IPO subscription is like a lottery. The more money involved, the lower the probability of winning each ticket.

"Two hundred times, three hundred times is fine."

Lu Liang had a smile on his face. Helping Panda Electronics to go public in the United States and shine on the Nasdaq was just a process, not a result.

In the past, they have been fighting in the international market, which is equivalent to a public battlefield. This is the first time they have entered the Wall Street stronghold.

As long as you enter, you will be successful.

Nearing two o'clock in the afternoon, all the institutions or individuals from both sides of the Taiwan Strait and Hong Kong who had some foreign exchange came over.

The banquet hall, which can accommodate 500 people, seemed a little crowded at this moment.

Seeing Lu Liang, Shen Peng came over and asked, "Mr. Lu, do you think it could be more than 258 times?"

Lu Liang pondered for a moment and said, "It feels more than that. Ahri is as big as a panda."

The previous holder of the highest IPO subscription rate was Ali, which had a subscription rate of 258 times and froze 4500 billion for its listing in the United States.

You should know that at that time, Ali’s market value was 1560 billion US dollars, and it was directly listed on the New York Stock Exchange with an issue price as high as 86.5 US dollars.

In contrast, Panda Securities’ market value is US$38 billion and its issue price is US$1.98. The threshold is much lower and the subscription funds will be more.

“I didn’t expect Panda to be able to go public.”

Shen Peng was silent for a long time and then he sighed. As the largest VC institution in the country, he rarely made mistakes.

Even if there is, we will follow up quickly in the company's subsequent rounds of financing to make up for the mistake of not participating in the early stages.

At the beginning, Shen Peng also contacted Xiao Wang, but he felt that the pandas would not last three years under Xiao Wang's management.

When investing in a company, performance is secondary. The key lies in the manager's ability and character, and whether he can know how to use people well.

Among the three things, ability, character, and knowing how to use people, Xiao Wang only has half of them, that is, knowing how to use people.

Long Fei is a qualified housekeeper, but Xiao Wang shouldn’t be bossy all day and set up the so-called Oriental Disney.

Therefore, he gave up investing in pandas.

At that time, Lu Liang was also letting the pandas run wild. He watched helplessly as the pandas encountered the Internet clean-up crisis, which led to the near-break of the capital chain, and he did nothing about it. This further proved that his decision to give up the pandas was the right one.

But what no one expected was that Lu Liang, who had ignored the two rounds of financing, A and B, suddenly entered the market because of live streaming when it came to the C round of financing.

Then Panda started to grow rapidly, and Sequoia had no chance to enter the market until now.

　Okay, today I'm going to stand up~~
　　
　
(End of this chapter)