Chapter 368 Fundraising Progress Passed Halfway
Hearing the rustling sound beside the pillow in the dim light, Xie Jingxing reached out and pulled the woman who wanted to get up back into his arms. After holding her for a while, he lifted the quilt and stood up. Only then did he open his sleepy eyes.

"You should rest for a while."

Yu Nian raised her head and stared straight at his face, but the next second she couldn't bear to go against her will, so she pursed her lips and bent her waist.

She put her arms around his back and stroked it, then touched his shoulders and kissed his face, like a child who had received the sweetest piece of candy in the world.

After a long time, Xie Jingxing dressed neatly and left, taking away the two hundred yuan on the bedside.

The thick electric curtains were pulled open at a constant speed, and the bright light from the noon sun swept away the darkness in the room. Yu Nian bent his knees and hugged his chest, looking at the messy bedding, his face slightly hot.

For the first time, she knew that a dead well could be as turbulent as the sea, longing to be tirelessly salvaged.

"Pfft."

Yu Nian supported himself with his arms and stood up, then lay down again after a few seconds. He held the damp quilt in his arms and chuckled silently. The sugar was really sweet.

It turned out to be a well that had been dry for many years. How had it survived for so many years? Xie Jingxing couldn't imagine it.

The flight attendant looked at the well-known business tycoon pacing back and forth in the aisle of the cabin with a frown on his face, and thought that he had achieved success at such a young age, and the hard work and sweat he had put in behind the glory must be extraordinary.

I don't want to sit still because of my backache, and I have to travel on business. I really want to give him a massage, but unfortunately there are too many VIP passengers in the first and second cabins on the Beijing-Modu route, so it's not convenient to take the initiative to chat with him...

"The securities license applied for by 'Jingxing Investment Group' has entered the review process."

It was hot as soon as she got off the flight, and Zhang Zetian quickly reported the latest surprise she received.

Xie Jing Xing got into the car: "Then let's go back to the company first."

"Jiaotong University is pushing for it in a hurry." Zhang Zetian reminded with embarrassment.

Xie Jing Xing tilted his head and looked at her: "How about I teach you how to reply?"

Zhang Zetian retreated speechlessly. She had to cut the ribbon for the laboratory donated by Grapefruit Capital to the Jiaotong University, and also give a speech at the freshman opening ceremony. All of these were matters of showing off her face and increasing her reputation, so there was no rush.

Anyway, it’s not her wife who is waiting.

Xie Jingxing closed his eyes and pretended to sleep, his mind full of the lingering love in the darkness last night. When he instinctively avoided facing Yu Tong out of guilt, he thought that the duck and the prostitute were just self-deceptions that would break at the slightest touch.

But, being sisters is really cool!
"Grapefruit Capital is a fortress that creates value for clients and protects against risks. It has never been a public toilet where people can come and go as they please. Please get out."

Xie Jingxing strode into Grapefruit Capital, pointing at the men and women guarding the visitor area, not even bothering to take a look, and made a casual conclusion.

During the stock market crash, some LPs opposed the rescue plan. When pressure failed, several radical LPs simply sold their investment shares under the leadership of a wealthy man named He from Jiangsu and Zhejiang.

You can choose not to play, Grapefruit Capital will repurchase all the shares. But now you regret it and want to buy them back. There is no such good thing in the world.

"They are willing to increase the price, and can invest in the two funds we are raising in proportion. Mr. He has some influence in the clothing industry, and he has visited us many times and I can see his sincerity. Is it up for discussion?"

Tang Man chased all the way into the office and tried to persuade him kindly. In fact, she was the one who faced the pressure from LP at that time. There was no right or wrong in this matter. The most important thing was to end it and continue to make money in harmony.

Xie Jingxing took out the documents submitted for the financial license and looked at them: "How is the fundraising progress of the two funds?"

"80% of the US dollar fund has raised more than 40 billion, and 70% of the RMB fund has raised more than billion."

Tang Man relaxed his mind. The fundraising progress was faster than expected. If over-fundraising was not taken into account, the company would enter the closed period and start operations at the end of next month at the latest.

Xie Jingxing nodded with satisfaction: "It just happened to coincide with the closing date of the New DAE-Meituan equity transaction, and the two funds will invest in proportion."

"No problem, you have to make an appointment with Zhang Tao first." Tang Man reminded emphatically. It was normal for Zhang Tao to be afraid to put pressure on Su He to the end. It was an unequal bet to use his own career to bet on whether Xie Jingxing wanted to save face.

But as long as he doesn't dare to take the risk this time, he will no longer have control over the company. Once the merger agreement is signed and becomes effective, a "sunset clause" will be immediately placed in front of him.

After the new DAE goes public, the super voting rights will be automatically cancelled and return to the equal-share equal-vote structure. Zhang Tao will be transformed from a founder into a super-enhanced professional manager, which can be described as releasing power with a toast.

He obviously did not have the right to refuse directly, and the game automatically entered the secondary stage, that is, when the company would go public.

An Internet unicorn with a market share of over 90%, revenue of over billion yuan in its semi-annual financial report, and a valuation of billion US dollars can go public in the United States at any time regardless of its losses.

The key point lies only in the impact of listing timing on market value.

Although there are external threats from Ctrip and Koubei, as well as Baidu Nuomi, which ranks second in group buying market share, it is definitely more cost-effective to go public later as the total market share grows naturally and macroeconomic and financial expectations are good.

At the latest, we can wait until next year to sort out the company's equity structure, complete business integration, and make the financial statements look good, and everyone will be happy when it goes public.

Xie Jingxing agreed with this, so it was necessary to reassure Zhang Tao not to let his imagination run wild. It would be bad if he messed around and affected the listing plan.

There is also Wang Xing. This Tang Monk temporarily stayed in Meituan as a nominal CEO to reassure people. He cashed out his equity and left after half a year, and signed a non-compete agreement that prohibits him from entering the group buying and food delivery field in the next five years.

Xie Jingxing went to the United States for more than a month, and when he came back he went straight to Beijing to watch the military parade. He didn't have time to meet his two old friends during the whole trip. If you look closely, it was quite sloppy, and there should be some ending.

"Let's arrange a meeting as soon as possible, and meet with Wang Xing as well." He pondered and continued to ask, "What will the equity structure be like after all the transactions are completed?"

"Yunshan Group holds 3.5% of the shares, Yunhe Logistics holds 5.8% of the shares, Taihe Capital holds 9.5% of the shares, and Grapefruit Capital holds 15.1% of the shares, for a total of 33.9% of the shares."

Tang Man gritted her teeth without thinking. She had recently had many confrontations with that bitch Su He over this equity structure, and both sides felt that they were at a disadvantage.

Yunshan Group's shareholding was led by Xinda'e in the last round of financing. After the completion of the merger and acquisition, its shareholding was diluted by 40%. The same is true for Yunhe Logistics.

While Taihe and Xiyou's shares were diluted in each round of financing, there were small follow-up investments, and their combined shareholding ratio has remained at around 14% for a long time.

Now, after the merger and acquisition, it has increased significantly to 24.6%, which is the result of the repurchase of equity held by Alibaba and Wang Xing, and a little direct capital injection into the company to obtain investment shares.

For this transaction, Xiyou's funding source is two funds that are currently raising funds; Taihe's money is the 20 billion cash flow from Xie Jingxing's stock market holdings and loans.

Whether it is external funds or his personal funds, as long as he can make money, it will not affect the overall situation. But making money is making money, and playing like this will increase the overall holding cost and reduce the total return on investment.

Whoever pays more gets a lower rate of return. It is obvious that Xiyou was an early investor of Ele.me.

Tang Man felt so aggrieved that she wanted to cry but had no tears. Of course, Su He also had something to say, as Taihe was an early investor in Dianping.

Both of them had a lot of reasons. Xie Jingxing had no intention of getting entangled, so he comforted them kindly: "We paid a total of 35 billion US dollars in this deal. I know that Xiyou spent a little more money, but we still have to look at the total investment and total return."

"You are now in a higher position and have a bigger picture. You might as well think about the next 50 billion US dollars waiting for us to spend." He began to paint a picture.

Tang Man said that he knew when to quit and was serious about it. It was calculated that up to now, Grapefruit Capital had made a floating profit of more than 15 billion US dollars in the New Big Elephant project, and it could be expected that the price-earnings ratio would be 15 times when it goes public next year.

It's fine to pretend to be resentful and complain to gain emotional points, but if you really think Xie Jingxing is being unfair, then you're asking for too much.

"Oh, no, we were talking about fundraising at the beginning. Are you considering clearing out LPs?" She suddenly realized what was going on.

"I was dismissed a few months ago. What else is there to consider?"

Xie Jingxing closed the document in his hand that he had applied for a securities broker license and said, "Our goal is the stars and the sea. We should not waste our energy on trivial matters that do not matter."

(End of this chapter)