My Fintech Empire

Under Fang Hong's top-level design system, the bidding and opening time of the SGX is half an hour ahead of the two markets, and the market is not closed at noon. The purpose is also very simple, so that investors in Big A can see the opening situation of the SGX.

It is about pricing power in the competitive market, because once the SGX opens, it will definitely affect the mood of the main boards of the two cities, and then the emotional rhythm of the market will be carried away by the SGX.

It’s not that people with a discerning eye can’t see the intention of SGX’s move, but there’s nothing they can do about it.

Unless someone can intervene to change the top-level design rules of SGX, which is obviously impossible.

This approach is not feasible. If we want to smooth things over, we can only ask the main board to follow up and adjust the trading time, but this is unlikely.

…

SGX's various plans and measures are being steadily advanced, and progress is being disclosed diligently and in a timely manner.

According to the latest announcement from the SGX, the specific date for the opening of the market has been confirmed, which is scheduled to be the first trading day of the new year, which is Monday, January 4, 2016.

Calculating the dates, there are less than two months left before the market opens.

But the efficiency of the advancement has surprised people from all walks of life.

Because there are no constraints and no need to worry about this or that, many matters can be implemented quickly and implemented quickly, and the efficiency is naturally fast.

In addition, the SGX has begun to accept the IPO application registration system.

Under normal circumstances, the entire IPO process of SGX takes about 4 to 6 months from application to final listing. The general process of whether to pass the registration and listing will have a clear result within 4 natural months, and the application will not be allowed. Companies that register for listing often have to wait in line for one or two years or even longer.

Once the confirmation is passed, the issuer can concentrate on the road show. If the initial fundraising is successful, it will be 100% listed on the SGX.

This kind of efficiency is great news for many domestic Internet start-ups. An important reason why most domestic Internet companies go public in the United States is that they really can’t afford to wait. IPO queues can take a year, two years or even longer to wait for approval. , the company might have cooled down a long time ago.

The Internet industry is inherently time-sensitive, and success or failure can often be determined in about one year. During this period, financial support is particularly needed. Not to mention the long waiting period for an approval-based IPO like Big A, which may not be able to pass after waiting, so how can you afford to wait? .

In fact, not all mainland Internet companies want to be listed in the United States, but Big A really can't afford to wait.

But things are different now. With the implementation of the SGX registration system pilot project, the efficiency of listing is even faster than going to the United States to ring the Nasdaq bell. The vast majority of domestic Internet companies will not have to rush to the old United States in the future. Stock market financing.

SGX can be close to the water, so there is no need to go far away.

…

The next day, Tuesday, November 3rd.

"SGX will open in less than two months. The first batch of 36 listed companies has been confirmed. 29 are non-cluster companies and 7 are cluster companies. This is the information of 36 companies." Tian Jiayi returned from the company , take out a piece of material brought back.

She came to the empty seat next to Fang Hong and sat down, opened the materials and lowered her eyes and said: "The first company to pass was the Internet e-commerce company Jingdong. It raised 18.5 billion yuan in IPO and had a market value of 250 billion yuan. It is Among the first batch of 36 listed companies, it is the company with the largest valuation scale and initial fundraising scale.”

It is worth mentioning that Jingdong of Daqiangzi originally wanted to go public in the United States last year. However, because Qunxing Capital suggested suspending the listing and provided additional debt financing support, Daqiangzi agreed. .

Qunxing Capital is also the largest strategic shareholder of Jingdong. Although it does not interfere in the operation of Qiangzi, its words are still very weighty.

If the SGX had not been implemented, Fang Hong would definitely have Jingdong listed on the Big A main board, but now that there is the SGX, Jingdong will definitely not be listed on the main board.

Tian Jiayi continued: "The second company is the online streaming video website iQiyi, which raised RMB 1.322 billion in IPO, with a market value of RMB 14.55 billion; the third company is the online video website Bilibili, which raised RMB 2.87 in IPO. billion yuan, with an issuance market value of 2.3 billion yuan."

The competition in the streaming online video field is very fierce. Because of the existence of the behemoth Yixing Video in China, it is very difficult for peers. Aiqiyi and Bilibili can be registered and listed mainly because they are backed by large companies, and their value is definitely Yes, there is basically no bubble in the valuation of these two companies. It all depends on their future potential. They don’t give too high a price-to-earnings ratio because they have the behemoth Yixing Video holding them down.

After a while, Tian Jiayi turned over a page of information: "The fourth company is Mihayou, a game company. It raised 729 million yuan in its IPO and has a market value of 6.575 billion yuan."

Fang Hong glanced at the materials in the hands of the beautiful assistant and said, "Well, this company is good, I'm optimistic about it."

In fact, this company is not too short of money, but it went public in order to cooperate with the parent company's independent valuation system strategy in the capital market.

Tian Jiayi continued: "The fifth company is a cloud accounting software provider that provides simple cloud accounting software for small and medium-sized enterprises. The initial IPO raised 259 million yuan, with a market value of 2.7 billion yuan."

"The sixth listed company is a corporate information portal. It is a corporate information synchronization release service platform that allows companies to control their list information online. It has provided more than 1 million corporate information synchronization services to more than 50,000 companies. , last year’s revenue growth was 62%, and the gross profit margin was as high as 70%. This IPO raised 317 million yuan in initial financing, and the issuance market value was 9.562 billion yuan.”

"The seventh company is engaged in a location intelligence cloud service platform. The company provides cloud software services for fleet management. It reduces labor input and fuel costs by collecting and analyzing employee, vehicle, and asset data, and calculating minimum vehicle idle time and mileage. The initial IPO raised 581 million yuan, with a market value of 7.923 billion yuan."

"The eighth company is a financial cloud computing platform. It is a provider of enterprise cloud and enterprise performance management software that can analyze financial data in real time to assist enterprises in decision-making. The initial IPO raised 420 million yuan, with a market value of 3.529 billion yuan. Yuan. A quick side note: its founder boasted last month that his solution saves more money on total cost of ownership than enterprise software giant Oracle."

Fang Hong couldn't help but be speechless.

Tian Jiayi continued: "The ninth company is an enterprise cloud integration platform company. It is a start-up company that provides cloud-based enterprise integration services. Thousands of companies across the country have used their services, including 45% of the top 500 domestic companies. Enterprise, the company’s revenue increased by 91% last year, and after this financing, it plans to expand to overseas markets in the Middle East and Southeast Asia. The initial IPO raised 373 million yuan, with a market value of 3.2 billion yuan.”

"The tenth company invested by Qunxing Capital focuses on the construction of electronic medical records. By studying 'de-identification', that is, medical data that does not contain specific patient identity information, the company's team can discover sudden diseases, real-time health trends, etc. Something of great concern to pharmaceuticals and insurance companies.”

"According to its prospectus, the electronic health records company already has electronic medical records for more than 60 million patients, has more than 150,000 medical professionals using its services every month, and has also launched a number of new businesses in the past two years. And it has positioned its software to be easier to use on mobile terminals such as tablets and smartphones. This IPO raised 282 million yuan in initial financing, with a market value of 2.76 billion yuan."

…