"Barron..."
"I'm here, baby."
Barron came out of the bathroom while wiping his hair and said softly,
"You are so beautiful!"
"Thank you. I thought you...had left."
Hearing Barron's praise, the expression on Miss Ella's face changed from a little flustered to a sweet smile immediately.
"No, I went to the gym to work out and just took a shower."
Barron walked to the bed and bent down to press a kiss to the woman's forehead.
In his previous life, although Barron had a good income, he was addicted to alcohol and sex for many years. In addition, the financial industry is often very stressful, so by the time he reached middle age, he had become bloated and his energy was not as good as before.
Now he has the opportunity to start over, and he was born into a duke's family. Now he is rich enough to rival a country. Instead, he cherishes his life even more. He has always maintained a regular schedule and insisted on daily exercise.
It has to be said that the young Miss Ella was indeed beautiful and had a well-maintained figure. More importantly, her royal origin also added to her charm.
"I have to get up too..."
Although everything that should have happened with Barron last night had already happened, when Miss Ella noticed his eyes on her, she subconsciously covered the cup, her face became even redder, and she spoke softly.
"Okay, honey, I'll have them make breakfast and take care of the mail."
They are now in a villa between Hyde Park and Kensington Gardens, which Barron purchased not long ago.
This place is not far from Kensington Palace where Miss Ella lives, making it convenient for the two to have a tryst.
…
"Dear, breakfast is ready. Are you done?"
"Sorry, I just forgot the time. I'll be right over..."
After Barron finished reading the email, he turned off his computer and went to the restaurant.
He just saw an email regarding Woaw Technology's IPO and focused his attention on it for a moment, forgetting to have breakfast.
Yes, Woaw Technology is ready to go public, targeting the Nasdaq market.
Yesterday, December 22, the company submitted its listing application to the SEC and Nasdaq. Once it is approved, the IPO process will begin.
Since the beginning of this year, Woaw.com has developed rapidly and currently has 150 million users worldwide.
And since the launch of the information flow in the second half of the year, Woaw has also begun to focus on advertising revenue. It is expected that the revenue for the whole year will exceed 150 million US dollars. This is when the advertising revenue began to grow significantly in the fourth quarter. If this development momentum continues, they expect the revenue next year to exceed 250 million US dollars.
In fact, even so, Woaw still has great potential for development and a lot of room to tap in terms of revenue, so it is not the best time to go public.
However, Woaw Technology's investors, including Sequoia Capital and Goldman Sachs, hope that it can go public as soon as possible so that their investment can be profitable.
Barron also took into account that the subprime mortgage crisis would come in a short time, and the financial market would then enter a cold winter. Even if Woaw Technology could bring better data at that time, in such a listing environment, the final effect it could achieve would probably be even worse.
After the subprime mortgage crisis, it will probably take at least two years, or until 2010, for the market environment to begin to improve, but that would be too late.
Therefore, he finally decided to start the IPO process for Woaw Technology in early 2006.
Today, Woaw Technology can be said to be the most anticipated unicorn project in the Internet industry. In its Series C financing, its valuation has exceeded US$3.5 billion. At this time, its number of users and profitability are incomparable to what they were then. According to relevant institutions' estimates, Woaw Technology's valuation has already exceeded US$10 billion.
However, different institutions have different specific data for its current valuation, ranging from US$10 billion to the most optimistic US$15 billion.
At present, the total share capital of Woaw Technology is 3.53 billion shares, of which DS Capital holds 2.355 billion shares, accounting for 6.672%; Sequoia Capital holds 395 million shares, accounting for 11.2%; Google holds 353 million shares, accounting for 10%; Goldman Sachs Group holds 176.5 million shares, accounting for 5%; Blackstone Fund holds 250 million shares, accounting for 7.08%...
In this IPO, Woaw Technology plans to publicly sell 588 million common shares, accounting for 15% of the total share capital after listing, of which 392 million shares are newly issued shares, and the rest are sold by original shareholders.
This mainly includes Sequoia Capital, Goldman Sachs Group and Blackstone Foundation selling part of their shares to recover some funds.
Read the original text at Liu#9@书/吧!
It is worth mentioning that Woaw Technology's IPO will also draw on the dual-class share structure of Google when it went public. DS Capital will allocate 155 million shares of its total 2.355 billion Woaw shares to the employee stock ownership company as option incentives from the company's management to employees.
At the same time, other shareholders unanimously agreed that of the remaining 2.2 billion Woaw shares held by Woaw Technology, 200 million shares will be Class B shares, and all other shares will be Class A shares.
After Woaw Technology goes public, it will have a dual-class share structure, that is, an AB share structure. Class B shares will have 10 votes per share, while Class A common shares will only have 1 vote.
In this case, after Woaw Technology went public, although the 2.2 billion shares held by DS Capital have been diluted to 56%, its voting rights account for as much as 69.9%!
In other words, even if DS Capital sold 2 billion of its 2.2 billion common shares, leaving only 200 million Class B shares, and its shareholding ratio was reduced to 5%...they would still have nearly 35% of the voting rights!
This is the power of the dual-class share structure, and it is also the reason why so many Internet technology companies, including Alibaba and Tencent, whose founders may only hold less than 10% of the shares, are still able to firmly control the company's management.
Of course, with such an equity structure, there will definitely be some investors who "mark down" the value of common stock because there is a huge difference between the voting rights of the stocks they purchase and the management's holdings. For example, if Google's IPO had not insisted on a dual-class share structure, its stock issue price would definitely be higher. However, considering the long-term control over the company, this "small" loss is within tolerable limits.
For a rising star in the Internet industry like Woaw Technology, which has attracted much attention, Nasdaq naturally welcomes its listing, so its IPO can be said to have been given the green light all the way.
The SEC also responded quickly - in principle, it agreed to Woaw's request to go public, but some details of its prospectus still needed further communication...
The IPO of Woaw also had a very luxurious lineup of underwriters. The main underwriters were Goldman Sachs and Morgan Stanley. Other underwriters included JPMorgan Chase, Barclays, Standard Chartered Bank and Merrill Lynch...all of them were "bigwigs" on Wall Street.
Well, except for Barclays Bank and Standard Chartered Bank, the two of them have a good relationship with DS Capital, so they can make their presence felt in this listing.