Chapter 1750 (1/2)

On the way back to China, Li Mu felt more and more that going to the United States for listing was becoming more and more boring.

Scientific and technological enterprises go public in the United States because of the relatively advanced scientific and technological environment and the recognition of scientific and technological enterprises in the United States.

Because of the recognition of Silicon Valley, American capital and investors to scientific and technological enterprises, it can achieve the first place in the world as a whole.

If you give a specific example, for example, Baidu, which is about to go public in the United States.

If Baidu is going to be listed on the mainland A-share market, first of all, it does not meet the requirements of three consecutive years of profitability. Moreover, the recognition of Baidu in the domestic market will certainly be far lower than that of NASDAQ.

That is to say, if Baidu is going to put 10% of its shares into circulation for listing, the mainland A-share market is relatively conservative, and can give him 20 times the price earnings ratio, he can get a valuation of 5 billion yuan. In this way, 10% of its shares can be circulated, and it can get a capital of 500 million yuan.

However, because Nasdaq, as the gem of the United States, is very friendly to scientific and technological enterprises, so they can give Baidu a price earnings ratio of 40 times, that is to say, if Baidu goes to NASDAQ, it may get a valuation of 10 billion yuan.

In this way, the same 10% of the shares, financing, but a full double.

That's why most Internet companies are flocking to NASDAQ.

but the Internet industry suffered a bubble burst in 2000, so at this stage, the trust in the US market is not as high as it used to be.

In this context, if Mr. Li really wants to go public in Hong Kong, he won't get much lower valuation than that of the United States.

The key is to be able to stay away from these mercenary Wall Street capitalists and the rich masters of the United States.

Although many of the older generation of Hong Kong capitalists are basically the same as those on Wall Street in the United States, at the very least, after the return of Hong Kong, the development of state-owned banks in Hong Kong is still very rapid. The biggest difference between state-owned banks and those capitalists is that state-owned banks pursue not only profits, but also social and economic development, while capitalists only pursue Profit, they don't care whether the society and economy are developing or regressing.

If the more backward the society is, the richer the capitalists will be, then they don't mind that the society goes back to the stone age.

Therefore, Li Mu thinks that if he can find a securities firm with a state-owned background in Hong Kong to be an underwriter, and the market value given by him is no less than that in the United States, then he can simply list in Hong Kong, which is also considered to be a non-native land, contributing to the economy of Hong Kong SAR.

So, the more he thinks about it, the more he thinks it's worth a try.

I should find an opportunity to go to Hong Kong and have a chat with the state-owned securities companies in Hong Kong and the head of the Hong Kong stock market.

Hong Kong is a major financial city, but in the last life, it almost missed the dividend of the Internet market perfectly and only seized one Tencent. On the one hand, it is because NASDAQ is indeed more professional, on the other hand, it is also because many of the frames of Hong Kong stock market are not flexible enough.

At the beginning, if Hong Kong shares agreed to Ma's partnership system, then Ali would surely be listed in Hong Kong.

Ali is not only a huge Internet enterprise worth several trillion Hong Kong dollars, but also the engine of an e-commerce giant disk worth several trillion Hong Kong dollars. If Ali is listed in Hong Kong, the enterprises that Ali later invested and the independent subsidiaries will enter Hong Kong one after another.

In addition to Tencent's ecology, Hong Kong can easily build an internet financial ecology, which will naturally make this profit more and more like a snowball.

now, Li Mu has not only the global ecology of Makino science and technology, but also a Taobao and a Alipay, and a large number of companies and industries are also laid out outside. What's more, it is not difficult to get all the queues listed in Hongkong. In the long run, it will definitely increase the market value of Hongkong stock market by more than one hundred thousand billion.

……

Back in Yanjing, Li muzheng is going to set a time to go to Hong Kong. The superior leaders of the automobile industry have an appointment with Li muzheng to determine the purchase of Ford's Jaguar Land Rover and Volvo.

Li Mu suddenly killed three automobile brands in the United States. The domestic industry is very excited because this is an unprecedented attempt of the domestic automobile industry. There is too much imagination behind it.

As a result, the competent department and Li Mu determined several problems.

First, when to complete the acquisition;

Second, when to move to China;

Third, where to move to China;

on the first question, Li Mu also passed with Elon muskegou. Now the acquisition intention has been reached. After Muye technology paid a deposit of 200 million US dollars, it immediately began to entrust internationally renowned financial companies to conduct asset review Calculation and adjustment.

After the completion of audit and due diligence, it is confirmed that there is no objection, the remaining payment can be paid and the acquisition can be completed.