I was reborn and stayed in school to lie down. I really don’t want to roll anymore!
Chapter 895 Preparation for Listing
Hu Sen was lost in thought at the moment.
Originally, I came here today to find two core investors to discuss strategies for the company's development.
Especially the countermeasures to the current stagnant performance.
Who knew that as the conversation went on, he would be advised to quickly start the listing process.
This is a huge leap, especially since Hu Sen originally had high expectations for shared bikes.
Now that it is directly listed, I feel a little unwilling.
"Boss Jiang, Boss Wang, will this be launched in a while?"
“The trend should still be there, right? Otherwise, Tencent wouldn’t have invested in Mobike.”
As soon as he finished speaking, Mr. Wang couldn't help but persuade him.
"Old Hu, don't be confused at this time!"
"What Mr. Jiang said makes a lot of sense. I didn't expect it at first. Judging from the current situation, you really need to go public as soon as possible!"
"Besides, going public will not affect your market development and your continued competition for market share."
“On the contrary, after going public, you will raise more funds and have more resources to compete with Mobike!”
Mr. Wang has now fully reacted and has completely figured out the current situation.
He advised Hu Sen with a distressed look, hoping that he would not do anything stupid.
Jiang Hao continued to persuade at this time.
"Brother Hu, I understand your pursuit of the company's development, but going public is just a stage."
"Don't be hard on money, no matter who you are. Going public at this time will allow Aomori to have a relatively high stock price."
"You will be able to raise more money by then. Even if you don't consider the value of your own shares, for the sake of the company's development, it is more beneficial to go public now."
Aomori Cycling is not like MiHoYo, which is the real money-making tool.
With huge cash flow and pure income, as long as the game develops well, there is really no need to consider whether to go public or not.
Moreover, from the perspective of the gaming industry as a whole, as long as the quality of the game is high enough, it will always be in the limelight!
It is an industry with a high threshold and a very high ceiling.
But Aomori Cycling is different. Although it has 3600 million orders per day, its actual profit is not high.
Not to mention that ordinary bicycles cost two or three hundred yuan each, electric bicycles cost over a thousand yuan.
There are also various funds for manual scheduling, maintenance, and upkeep, as well as the rental of the car parking area, etc.
Including big-head publicity, software operation, channel promotion and so on.
This profit can only be said to be relatively good, but it is incomparable to the huge profits in the gaming industry.
This is also the reason why Jiang Hao persuaded Brother Hu to go public early. The earlier the listing, the greater the benefits.
The more funds the company can raise, including the faster the lock-up period of the equity in his own hands will be lifted.
Even though Hu Sen had never thought of reducing his holdings in Aomori Cycling, from the perspective of interests, Jiang Hao's suggestion was ultimately more reasonable.
Hu Sen hesitated for a long time and felt really conflicted.
But when he thought about the fact that he took a detour when he founded Aomori Cycling and did not listen to Jiang Hao's development suggestions, his A round valuation was greatly reduced.
Including following the advice and seizing the biggest opportunity of OFO's downfall.
Hu Sen now realizes that he has management skills but lacks vision for the company's development.
In the end, he sighed and nodded in agreement. One has to face reality after all.
"Boss Jiang, do you think we should go public after the D round?"
After accepting the reality, Hu Sen also really started to consider going public.
To be honest, he himself came from PricewaterhouseCoopers and was the CEO of Totoro Technology at that time. He was very familiar with the entire process of listing.
He got a headache when he thought about the many difficulties that would be faced after going public.
"How much money is left in the company's account?"
...
"85 million RMB, but at the end of the month there will be a settlement of channel fees with Ali, Haijing, and Mr. Wang from Meituan."
"Except for employee salaries, maintenance and normal operating expenses, it should be no problem to leave 2 million yuan."
When talking about the 200 million, Hu Sen's face was full of pride.
He is still very proud of his company's cash flow. Among the enterprises in Songjiang City, except for giant enterprises like Haijing Technology.
Aomori Cycling has always maintained a good cash flow, which is also a reflection of the company's continued improvement in profitability.
"That's still a bit nervous. You can start a small-scale D round. I can invest some money in you."
As soon as Jiang Hao finished speaking, President Wang also nodded.
"It is better to prepare sufficient funds before going public. If there is a need in the D round, I can also make additional investments."
The interests of Qingsen Cycling and Mr. Wang are most closely tied together. It can be said that Meituan’s stock price is still rising today, and Qingsen’s help is indispensable.
Mr. Wang also hopes that the investment can really pay off.
After the listing, Meituan’s investment in Aomori was immediately released.
Although the investment may not be actually withdrawn, at least there is an opportunity to withdraw at any time.
Unlike now, if you want to transfer shares, there are restrictions on the terms of the C round financing agreement, making the transfer more difficult.
Investing at this time is indeed a good thing for Mr. Wang, and he is willing to provide support.
"Boss Jiang, Boss Wang, I understand."
"I will arrange the company's listing as soon as possible. I will ask the company's financial and legal teams to sort out the D round of financing and push it forward within this month."
Strong execution ability is Hu's greatest advantage in his entrepreneurial journey and also his most outstanding ability.
Now that I have made up my mind, I will still try my best to do it even if I feel unwilling inside.
……
"Mr. Jiang, do you have time this afternoon?"
Outside the company where Qingsen Cycling worked, Hu Sen sent the two of them downstairs and has now returned to the company to arrange work.
Mr. Wang couldn't help but step forward and confirm the time with Jiang Hao.
"Mr. Wang, if you ask, then of course there is!"
"Is there anything about Aomori that has not been clarified yet?"
Jiang Hao originally planned to look at documents and reports in the company in the afternoon, but actually there was nothing to do.
Seeing that Mr. Wang took the initiative to speak, he must have something else to talk about that avoided Hu Sen, so he accepted the offer.
"Haha! It has nothing to do with Aomori. It's us at Meituan who want to discuss some cooperation with you, Mr. Jiang."
"If you're free, I'll go back tomorrow."
...
"If you're free, can you arrange a place near me? We can talk."
Seeing that it was about Meituan’s business, Jiang Hao was confused but he agreed anyway.
Mr. Wang got directly into Jiang Hao's car and drove out of the Software Park in the south city and headed for Songgong University.
On the familiar student street, Jiang Hao led Mr. Wang hurriedly into the store.
Usually in the afternoon, there are not many students on Student Street.
This special coffee shop in Songjiang City, Jiangyu Coffee, also has few people.
As the first store of Jiang Yu Coffee, it was renovated again last year.
The shop next door has been bought by Jiang Hao. After the two shops were connected, it is now the largest coffee shop in Songjiang City.
There is also a special private lounge on the second floor, which is of course not open to the public.
Usually it is only open to Jiang Hao’s friends and some fellow disciples.
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