Chapter 364 IPO Countdown and Half-Heartedness

Before the team of American lawyers and accountants appointed by the lead underwriter Morgan Stanley entered Singapore Pacific Network Technology to conduct due diligence, the Pacific Online Bookstore project had just completed a round of capital increase and share expansion.

In this round of capital increase and share expansion, Singapore Pacific Network Technology Company was valued at US$100 million after investment. Singapore Yifan No. 1 Venture Capital Fund invested US$10 million and held 10% of the shares, the US Draper Fisher Jurvetson invested US$10 million and held 10% of the shares, and the US IDG invested US$5 million and held 5% of the shares.

The last company to invest in IDG was introduced by Ms. Mary Meeker of Morgan Stanley.

The year before last, because Mary Meeker was responsible for leading the Nasdaq IPO of Netscape, she had a close relationship with the chairman of the US IDG company, McGovern, who was the first angel investor in Netscape Browser.

The remaining 75% of the shares: Singapore Yifan Holdings holds 50% of the original shares, Singapore Longyue and Longmeng two investment companies hold 10% of the original shares, and the other 10% of the original shares are held by two partnerships consisting of company executives and all employees. The remaining 5% are held by two shareholders of the Malaysian Pacific Online Bookstore project, Malaysia Hong Leong Financial Group and Hui Ge's Malaysia Guanghui Private Company, each holding 3% and 2%.

Recently, with the assistance of Malaysia Hong Leong Financial Group and several investment partners of Singapore Yifan No. 1 Venture Capital Fund, Pacific Online Bookstore has expanded its branches to several major cities in Southeast Asia, including Kuala Lumpur, the capital of Malaysia, Bangkok, the capital of Thailand, Manila, the capital of the Philippines, and Jakarta, the capital of Indonesia.

Many hands make light work, and Pacific Online Bookstore's first quarter turnover exceeded the 20 million Singapore dollars mark. The pre-tax profit was 7 million Singapore dollars, which is about 3.8 million US dollars when converted into US dollars.

According to the preliminary estimate of Ms. Mary Meeker's team at Morgan Stanley, with the current Wall Street's enthusiasm for Internet stocks, the reasonable market value of Pacific Online Bookstore is about 300-500 million US dollars.

Therefore, Pacific Online Bookstore's round of financing with a post-investment valuation of 100 million US dollars is equivalent to giving money to the partners of Singapore Yifan No. 1 Venture Capital Fund, and companies such as DFJ and IDG in the United States.

Once Pacific Online Bookstore is listed on the Nasdaq market in a few months, it will be a generous return of more than 3-5 times!

For Li Xiaofan at the moment, what he needs is to make friends.

By investing in Yahoo, he has already had close relations with Sequoia Capital and Softbank Group.

At present, through the Pacific Online Bookstore project controlled by himself, and then making friends with DFJ and IDG in the United States, he is equivalent to connecting with all four of the world's most powerful venture capital institutions.

The reason for letting Singapore Yifan No. 1 Venture Capital Fund, which has just raised funds, to invest is to give confidence to several partners such as Genting Group and Singapore Hong Leong, so that they can see the short-term wealth appreciation effect!

In the evening, Li Xiaofan invited his old boss Lin Qianxue to the Irish pub in Holland Village.

Lin Qianxue teased Li Xiaofan after seeing him:

"Mr. Li, you are such a busy man, long time no see! Now we can't see you in person, but we can often see your heroic appearance and style in newspapers and TV media. Now, our Ximu Electronics Factory workers can only look up to our former colleague Mr. Li on TV and newspapers..."

Li Xiaofan laughed and said, "Officer, don't make fun of me, you should call me Afan, what Mr. Li, Mr. Li, it sounds awkward! Just like I am used to calling you Officer as soon as I see you..."

"Well, my big boss Afan, why are you so interested in asking me out for a drink today?"

"Long time no see, I miss you!"

Lin Qianxue looked at Li Xiaofan and smiled: "Haha, don't joke with me. You are such a busy man, you must come here for no reason. Tell me, what's the matter?"

"Officer, it seems that you know me best!"

After taking a sip of Singapore Sling cocktail, Li Xiaofan said:

"Are you happy working at Westwood Electronics now?"

"Work is just like that, it doesn't matter if it's happy or not. Why do you care about this issue?"

"Qianxue, come to work here! I will give you a monthly salary of 4,000 Singapore dollars plus a year-end bonus, how about it?"

Lin Qianxue's current monthly salary at Westwood Electronics Factory is around 2,000 Singapore dollars.

"Go work for you? I don't understand the Internet industry like Yahoo and online bookstores you're involved in! Forget it, I'd better stay at Westwood Electronics..."

"Listen to me. I'm working with a team from the United States to build a world-class magnetic sensor chip research center in Singapore Science Park. The goal is to develop and manufacture world-class magnetic sensor chips, sensors, hard disk heads and other products. Recently, we are also preparing to launch some high-tech industrial projects in mainland China. At present, I urgently need compound talents like you who have experience in electronic industry factory management and know English and Chinese. How about working with me!"

Li Xiaofan continued: "Qianxue, the work I will arrange for you in the future will be more interesting. Not only will you manage future IT industry projects, you will also need to participate in specific investment businesses and learn a lot of the latest IT industry knowledge..."

In fact, Lin Qianxue was a little tired of the boring work of workshop director every day, and after Li Xiaofan's persuasion, she was really moved.

Moreover, Li Xiaofan’s entrepreneurial momentum is currently gaining momentum and he has set many first records in Singapore:

He was the first to invest in Internet stocks in the United States and became a tycoon with a net worth of over 200 million U.S. dollars!

The first to create the only online bookstore in Asia!

The first venture capital fund launched in Singapore!

Recently, the Pacific Online Bookstore project he founded will soon be launched on the Nasdaq Capital Market in the United States on the other side of the Pacific. It will become the first Internet project in Asia to be listed on Wall Street...

At the moment, Li Xiaofan is full of aura!

In fact, Lin Qianxue liked working with Li Xiaofan. After Li Xiaofan's warm invitation, she agreed half-heartedly.

…

At noon the next day, Li Xiaofan returned to the company after playing golf.

Secretary Liang Beini came into Li Xiaofan's office and excitedly reported to Li Xiaofan:

"Director Li, last month I followed your instructions to buy the three mainland stocks of Deep Technology, Sichuan Changhong, and Shenzhen Development Bank. Their recent gains have been astonishing. The original investment of 15 million yuan in the capital account we opened in Mingzhou National Trust, The market value has now doubled to 32 million yuan. In addition, the capital account opened by the newly registered Mingzhou Yifan Technology Company at the Jiefang Road Sales Department of Galaxy Securities, the original investment of 12 million yuan, now has a market value of more than 25 million yuan!”

"Director Li, based on this calculation, our two capital accounts in the mainland stock market have already made a profit of 57 million yuan. Do you want to close it as soon as possible?"

Li Xiaofan answered with four words calmly: "Stand still!"