My Return to Life

Looking at the cheers at the scene and the smiling crowd under the spotlight, a smile appeared on Fang Nian's face.

Not long after, Fang Nian couldn't help muttering in a low voice: "It's really a wonderful thing to go public."

The highest valuation of Dangkang’s previous financing before its listing actually ended at 150 billion yuan at the beginning of the year.

From the Pre-IPO, the value of the entire Dangkang game began a wonderful journey.

Reached a peak today.

The opening price was 29.8 Hong Kong dollars, oh... no, it is now 30.1 Hong Kong dollars.

The market value is 451.5 billion Hong Kong dollars, about 365 billion yuan.

Compared with the highest financing valuation of 150 billion, it has increased by 141.7%!

In order to push Dangkang to a valuation of 150 billion yuan, Fang Nian took risks many times, including betting against each other, massive global cooperation, mergers and acquisitions, and public opinion wars. The profit is only in exchange for a valuation of over 100 billion.

Now that one is listed, the valuation has been changed into market value in the blink of an eye, and it has been increased by more than 2.4 times on the original basis. You must know that the unit is 100 billion!

If Fang Nian's understanding of capital and finance had not deepened with the operation of capital, he would have wanted to say: I am stupid.

It's no wonder that so many companies end up wanting to go public after they start raising money.

It's like SF Express and Nongfu Spring who are not listed on the market, but in the end it is inevitable to say something really sweet...

Looking at the graceful Guan Qiuhe under the spotlight, Fang Nian suddenly muttered in his heart: "I'm afraid no one will believe that I'm thinking about when Dangkang will be privatized..."

For Fang Nian, this capital game is far from over.

"..."

As the stock price continued to rise based on the opening price, the news spread throughout Hong Kong, the whole country, and the world in a sweeping manner.

Countless reports popped up with eye-catching headlines.

"Dangkang Games opened 65.5% higher on the first day of listing, and its market value surpassed Goose Factory, ranking first among Chinese game companies!"

"The market value is 450 billion! Dangkang's miracle!"

"When Kang goes public, you don't know these things!"

"The richest man has changed hands! Another change!"

"..."

At the end of 2012,

In the first year of 4G in many places around the world and entering the era of high-speed mobile Internet, the speed of information dissemination can be described as rapid.

Information has also started a big explosion.

The hustle and bustle happening in the land of Hong Kong has naturally occupied the entire attention of domestic netizens who eat melons.

With the joint "encirclement and suppression" of Weibo, Toutiao rose and became stronger, and the title of "information integration master" among users became more and more resounding.

Naturally, many netizens who eat melons also like to come here to find the most complete information system after integration, so that they can eat melons better.

It seems that many users also use this to attract attention, and everyone gets what they want, which is great.

At the moment, it is almost forced to integrate the questions about Dangkang's listing into one question based on the timeline, pushing it to the top of the hot list.

The problem description briefly describes the process of Dangkang's listing.

The listing prospectus of Dangkang Games shows that the founder Guan Qiuhe personally holds 5% of the shares, indirectly holds 15% of the shares through Guan Global Group Limited, and holds a total of 20% of the shares; the founder Fang Nian personally holds 2% of the shares, and through Fang Lu Group Limited indirectly holds 20% of the shares, accounting for 22% of the shares in total;

Guan Qiuhe holds 36.9% of the voting rights of all shareholders through the total voting rights of Class A shares and Class B shares,...

And has the right to veto matters that should be passed by special resolutions... In addition, Guan Qiuhe is the chairman of the company.

Therefore, Guan Qiuhe is the actual controller of the company.

Note: Mr. Fang Nian's voting rights accounted for only 36%.

...

Dangkang Game passed the listing hearing, and added information to the prospectus: 1.66 billion shares are planned to be issued, and the issue price is proposed to be 16-18 Hong Kong dollars per share. It is expected to raise up to 29.9 billion Hong Kong dollars, which may become the highest IPO of Hong Kong stocks this year;

...

Dangkang Game started its road show, ten cornerstone investors appeared, and the luxurious lineup was blessed. It was rumored that the founder Fang Nian held a road show reception on the peninsula, and people from all walks of life flocked to it;

...

Dangkang is officially listed: the issue price is 18 Hong Kong dollars, the opening price is 29.8 Hong Kong dollars, the market value is 447 billion Hong Kong dollars, surpassing Goose Factory, and the richest man has changed hands!

...

Gao Zan's answer gave an integrated answer.

"The content is long, let me say some conclusions first:

As a result of Dangkang's listing, the two founders are both worth more than the assets of the original richest man.

According to the latest market value contract of 365 billion yuan, Dangkang’s founder Fang Nian has a total market value of 80.3 billion yuan. Counting only the soaring net worth brought about by Dangkang’s listing, Fang Nian surpassed the original richest man’s assets of 63 billion yuan to become the richest man in China;

Considering that Frontier Angel holds 4.233% shares of Dangkang and Frontier’s total assets, Fang Nian’s worth may have surpassed Li Chaoren, the richest Chinese man.

Dangkang's other founder and actual controller, Guan Qiuhe, has a total market value of 73 billion yuan, which also exceeds the assets of the original richest man.

Digression: Dangkang currently has only 1.66 billion shares in circulation, while the total share capital is as high as 15 billion shares, and nearly 90% of the shares are in the lock-up period;

Among them, the shares of Dangkang's original shareholders are locked for half a year according to regulations, so Fang Nian and Guan Qiuhe's worth must wait at least half a year before they can be fully realized, and the stock price must not be cut in half;

As we all know, most listed companies peak at the opening of the market, especially those with a sharp rise in the opening price;

...

Regrettably, the mysterious Mr. Fang who was ringing the bell at Dangkang's listing still didn't show up. If it wasn't for many bigwigs who were highly praised by Mr. Fang, I would have thought that this person didn't even exist;

...

Dangkang Games, which was established less than four years ago, went public. The opening price let me see the method of Mr. Fang who is "invincible to Wall Street". The previous financing in the prospectus showed me what is gorgeous. Now my dog His eyes were directly blinded!

...

According to the existing information, before the formal preparations for the listing, Fang Nian should hold close to 40% of the shares, but these shares have been included in Guan Qiuhe's net worth, and...

I always believe that Fang Nian is the final decision-maker, and the amount of voting rights is entirely due to the fact that there are a little less Class A shares.

...

The market value of Dangkang can be called a miracle. With a single game to challenge the diversified Goose Factory, one can imagine how terrifying the market share of Dangkang games is;

...

Lin Lin always wrote so much, and finally make a summary:

This is a feast of capital. Judging from the content disclosed in the prospectus, Dangkang actually does not need to be listed to have sufficient profits. Not to mention, the net profit in 2011 was more than 7.9 billion, which is a ridiculous figure;

Please note: This kind of net profit is due to the fact that the operation strategy of Dangkang game platform is not too expensive. You must know that other domestic game manufacturers want players to empty their pockets as soon as they start playing;

certainly!

Even if I don't want to spend money, Dangkang Game has a way to take out the three coins that belong to it from my pocket! This is the best operation!

...

Although the listing of Dangkang is a feast of capital, I still pay tribute to the founder of Dangkang. Before listing, Dangkang donated 1 billion - 1 preferred stock to Dangkang Public Welfare Fund. Based on the current market value, this share is worth about 24.5 billion RMB, and this share enjoys preferential dividends. In addition to being able to realize it through the Hong Kong Stock Exchange after half a year, there are also high dividends every year, and these funds will be used for public welfare undertakings. "

"..."

In addition, there are many answers analyzed from various angles.

"Finally, I know how many shares Fang Nian holds in Dangkang. I didn't expect that after so many dilutions, there are still 22% so much. Including Guan Qiuhe's 20%, and then counting the 6.7% donated to Dangkang Public Welfare Fund, It can be said that whether it is equity or voting rights, the decision-making power of Dangkang is always in the hands of Fang and Guan;

Not to mention there are A, B shares, etc., it can be seen that Mr. Fang's ability in capital operation is simply amazing! "

"..."

"I have to say that Mr. Fang and Mr. Guan are really strong. They can get approval for taking out 1 billion shares for public welfare in one go. I think that after Dangkang's stock price stabilizes, many people are willing to buy Dangkang public welfare through internal transactions. Dangkang is simply a terrifying cash cow, and it was only before, and now mobile games are exploding... dare not think about it!"

"..."

"Why don't you say that every employee of Dangkang has 2,000 shares of 'Sunshine', and the average per capita is tens of thousands, so don't talk about those outstanding employees who already have original shares."

"..."

Just like the information integrated in these answers, during the 10-month listing journey of Dangkang, many things actually happened in the middle.

First of all, Fang Nian's shareholding ratio has dropped by a full 10%, and Guan Qiuhe's shareholding ratio has also dropped by 9%, which is very rare.

Of course, this has a lot to do with the total share capital changing from 5 billion shares to 15 billion shares.

These all happened before submitting the materials.

The valuation at that time was pushed up to a new level, and the decline in the shareholding ratio made the value even higher.

The shares diluted in this series of share capital changes were passed on to Dangkang Public Welfare Fund, and some were used for IPO issuance.

Only part of it is divided up by capital institutions.

After all, proportionally speaking, Fang Nian and Guan Qiuhe only contributed 19% in total, and the IPO + Dangkang Public Welfare accounted for more than 17.7%.

Of course, in fact, the shareholding ratio of the major shareholders changed at the last moment. For example, frontier angels intentionally lowered it to less than 5%.

In short, the various processes here are very revealing of Mr. Fang's layout.

Although Boss Fang didn't show up, everything went according to Boss Fang's plan.

Just as netizens who eat melons have wondered, the net profit of Dangkang Games is so high that it has already occupied more than half of the domestic game market, so there is no need to go public.

But there are so many things in this world that are unnecessary.

The reason why Dangkang wants to go public is that it needs a lot of funds to deploy mobile games and consumer electronics on a large scale. The 29.9 billion Hong Kong dollars raised in the IPO is for this purpose;

On the contrary, after the listing, the change in the stock price is actually of no practical use to the company and will not bring a dime of capital.

On the other hand, Dangkang’s VAM agreement and several rounds of financing have cost these cooperating capital institutions a huge amount of cash. In fact, the institutional money has costs, and it will bring huge cost pressure if it has not been listed;

In a short period of time, Dangkang’s revenue cannot be used to balance the accounts. As for the equity transfer through financing, it is somewhat at a loss. Listing is the best choice.

In this regard, Fang Nian does not have a good solution. The capital game is like this. Once it starts, it is difficult to end.

all in all……

In order to balance the interests of all parties in a better form, going public is the best choice for Dangkang at this stage.

These can all be called costs.

Since the emergence of financiers, no one has been able to escape the true fragrance of capital.

Unless it is like the frontier, there is still a slight possibility of simply carrying out the virtual share installment time unit plan.

In essence, the chrysanthemum factory is actually a secondary market with internal circulation, and it has not escaped the true fragrance of capital.

certainly……

It's not without its benefits.

At the very least, the influence of the word Fang Nian in the capital world has become more and more stable.

With Fang Nian having meat to eat, today, when Dangkang's listed stock price soared, it reached its peak.

…………

Transactions on the Hong Kong Stock Exchange proceeded in an orderly manner.

Dangkang's stock price also fluctuated back and forth, but it has been stable at more than 30 Hong Kong dollars per share, which can be regarded as entering an initial stable period.

Unavoidable, Fang Nian and Guan Qiuhe jointly held a celebration banquet, inviting guests from all over the world.

"Fang Dong, congratulations."

"Congratulations, Mr. Fang."

"..."

Lei Jun, Ma Poli and others also traveled thousands of miles to Hong Kong.

Fang Nian held up his wine glass and congratulated everyone, talking and laughing at Yan Yan.

Lei Jun held a glass of wine and congratulated Fang Nian with a smile: "Mr. Fang, you have kept a low profile for many years, and your net worth has been exposed a little. You are indeed a rich man!"

"Mr. Lei laughed." Fang Nian said with a smile.

Lei Jun joked again: "Now Mr. Fang stomps his feet, and Asia trembles three times."

"So listening to Mr. Lei's speech is a pleasure." Fang Nian was happy.

He raised his glass and said, "Cheers."

"..."

Ma Poli, who hadn't seen each other for a long time, exchanged a few words with Fang Nian.

Now Ma Poli can recall the scene when he personally went to Shencheng to ask Fang Nian for advice more than two years ago.

"..."

Ma Poli said with a look of emotion: "I knew that Dangkang was not weak, but I didn't expect it to be so weak. After listing, it put our company under the pressure. It is indeed Mr. Fang."

Hearing this, Fang Nian smiled and said, "President Ma praised it, it's all thanks to everyone."

"Looking forward to the diversified cooperation with Dangkang in the future." Ma Poli raised his glass.

Fang Nian smiled lightly: "Thanks for taking care of me, sure."

"..."

After saying a few more words, just when Fang Nian thought that Ma Poli was going to leave, Ma Poli suddenly asked for advice: "Mr. Fang, you solved my problem with a few words two years ago. I don't know if you can solve my problem again today." ?”

Hearing this, Fang Nian took a deep look at Ma Poli, and finally said: "Internal problems can only be resolved internally."

"Taught." Ma Poli pursed his lips lightly and said with a light smile.

Seeing this, Fang Nian thought for a while, and said a few words: "Or you can try to transfer the pressure. Breakthroughs in basic science can easily bring other advantages."

Ma Poli could hear what Fang Nian meant.

In fact, he also had such an idea in his heart. As a successful businessman, Ma Poli had a vision.

No matter how prosperous the application is, it also relies on the foundation. Without the foundation, it will immediately become a mess.

Although the frontier seems to be shrinking now, but at the level of Ma Poli, of course we know the current energy of the frontier.

This is the advantage that basic science brings.

It may also be the key to breaking the current predicament of the goose factory.

Since entering the era of mobile Internet intelligence, the transformation of major domestic PC application giants has almost without exception failed.

Xiongchang, a PC-side search giant, tried its best to acquire 91 Wireless, but failed to transform successfully. 91 Wireless was tossed away, and mobile search was bad.

The transformation of the PC-side security giant Hongyi Factory failed completely. Zhou Hongyi even wanted to change the predicament by making mobile phones.

PC-side instant messaging giant Goose Factory, even if it finds another way to launch WeChat, it is far inferior to the development of Qingchat;

The coverage of Goose Factory games from terminal games to mobile games is also very bad, far inferior to Dangkang mobile game platform.

From a business point of view, this has nothing to do with changes in the external environment. The bigger reason is the internal political factors of the company.

Because the PC has been developed for many years, the most profitable company in a certain application field on the PC side must be the associated PC department. Watching the mobile phone department counterattack.

These are all things that have actually happened. As far as the original development track is concerned, if WeChat can take the lead, it is because Zhang Xiaolong is too talented and cannot stop it at all.

You must know that in the early stage, the resources available to WeChat were also very bleak, and it was not even comparable to Michat, which was still under Xiaomi.

As for now, the pressure on WeChat is even greater.

Therefore, it is normal for Ma Poli, who is at the helm of the goose factory, to be at a loss about the future development situation.

In Fang Nian's view, if Ma Poli can't solve internal problems quickly, he can try to invest in basic research and development, which may be the new future of WeChat.

For example, empowerment through AI, big data, or other basic technologies.

"..."

On this lively day, it is considered a short break in the evening.

In the end, Dangkang's closing price was set at $, and Fang Nian and Guan Qiuhe's net worth rose slightly compared to before.

After the excitement, Fang Nian and Guan Qiuhe set off for Shanghai.

Several of Dangkang's top executives will be in Hong Kong briefly.

As night fell, the Guanzi plane landed slowly at Pudong Airport.

Almost at the same time, Dangkang game platform launched a new game.

name:

PlayerUnknown's Battlegrounds (Hide and Seek)

After more than a year of revisions, Dangkang R\u0026D Center② once again launched a heavy escape game. Fang Nian tried it out and thought it was interesting, so he specially chose it for public testing today, hoping to stabilize the stock price in the future...

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PS: I feel that my coding speed can't keep up with my brain, I already want to watch Fang Xiaonian fill the cup~