Lu Maoshi smiled and said, "As long as we publish Wujiang Microelectronics' revenue and profits, I'm afraid capital all over the world will go crazy for it. At that time, they will all take the initiative to inquire about the price."
“That’s right! That’s why I chose Wujiang Microelectronics. It’s very profitable, has high technological barriers, and a strong monopoly. Any organization would be interested in it!” Zhao Ye said with a smile. After speaking, he looked at Zhang Rujing and then instructed, “President Zhang, you will be in charge of Wujiang Microelectronics’ IPO. Start preparing the materials now and strive to list in March next year!”
“Okay, Chairman Zhao.” Zhang Rujing nodded.
Zhao Ye then looked at Lü Maoshi and Zhou Anping and said, "The investment department of Wujiang Group and Galaxy Financial Company will cooperate!"
Lu Maoshi and Zhou Anping nodded in unison and replied, "Yes, Chairman Zhao!"
"Okay, that's settled then. Meeting adjourned, everyone go back to work. I'll inform the leadership about our IPO plan later!"
After speaking, Zhao Ye stood up first.
Seeing this, everyone stood up one after another and left the meeting room in twos and threes.
Zhao Ye took out his phone and first called Secretary Liu to inform him that he planned to list Wujiang Microelectronics on the A-share market.
Upon hearing this, Secretary Liu was immediately taken aback.
Others may not know about Wujiang Microelectronics Company, but does Secretary Liu not know?
Wujiang Microelectronics is one of Shanghai's most important high-tech enterprises. The municipal government is well aware of its annual revenue and tax payments.
If such a company were to be listed on the A-share market, it would definitely cause a huge sensation.
"Chairman Zhao, this is truly a generous gesture! Rest assured, our municipal government will do everything in its power to ensure Wujiang Microelectronics' successful listing!" Secretary Liu said excitedly.
"Thank you, sir! By the way, sir, I wonder if the municipal government's investment company is interested in Wujiang Microelectronics? If so, we could purchase some of the initial shares before the company's IPO!" Zhao Ye inquired.
Anyone with a discerning eye could see that Zhao Ye was essentially giving money to the municipal government. After all, once Wujiang Microelectronics went public, its stock price was bound to skyrocket. Buying pre-IPO shares would naturally lead to enormous profits.
It is extremely difficult for ordinary people to buy shares before an IPO.
For promising companies like Wujiang Microelectronics, their original shares are extremely valuable, and countless institutions want to compete for them. Now, Zhao Ye has taken the initiative to invite the municipal government's investment company to buy the company's original shares. Isn't this just giving away money?
Of course, it wasn't a bribe. The municipal government's purchase of Wujiang Microelectronics' original shares was, to some extent, an endorsement of Wujiang Microelectronics, proving that the government was optimistic about its development, which could increase investor confidence and thus drive up the stock price.
Many Chinese companies, when listing in the United States, transfer a portion of their original shares to Wall Street giants at a low price, with the same intention.
Upon hearing this, Secretary Liu's face lit up with delight, and he nodded in agreement, "Of course I'm interested!"
Zhao Ye smiled and said, "In that case, I will have someone contact the municipal government's investment company before Wujiang Microelectronics' IPO!"
Secretary Liu smiled with satisfaction: "Okay, no problem! Oh, by the way, what is the approximate price of Wujiang Microelectronics' initial public offering (IPO) shares? I'd like to find out first, since raising funds takes time, so I'd like to be prepared..."
Zhao Ye expressed his understanding, saying that even state-owned capital cannot come up with too much money in a short period of time.
After a moment's thought, he replied, "The internal valuation of Wujiang Microelectronics is as high as 4.5 trillion RMB. I can sell 10% of its original shares to the municipal government."
As for valuation, it's up to them to decide. Zhang Rujing's valuation is too low. Zhao Ye thinks that a valuation of 4.5 trillion RMB is already very reasonable. Once Wujiang Microelectronics goes public, it may soon break through to six or seven trillion RMB.
Secretary Liu was startled by these words.
Wujiang Microelectronics' valuation is as high as 45,000 RMB, which is terrifying. No other A-share listed company in China has such a high market value.
Even a 10% stake would be worth 450 billion RMB. How could the municipal government afford to buy it...?
Secretary Liu was very troubled at the moment.
When Zhao Ye saw that there was no response for a long time on the other end of the phone, he couldn't help but smile. He could understand what the leader was thinking at the moment. After all, the government couldn't come up with so much money.
"Chairman Zhao, is Wujiang Microelectronics really valued that high?" Secretary Liu asked doubtfully.
"Yes, boss! In fact, the real valuation is only higher, not lower! Even at a valuation of 5 trillion RMB, a large number of investment institutions would be willing to compete to buy!" Zhao Ye answered truthfully. "Currently, the valuation is less than 10 times the price-to-earnings ratio. Add to that Wujiang Microelectronics' technological leadership, scale advantage, cost advantage, and so on in the chip field, and a price-to-earnings ratio of 15 is possible. Buying Wujiang Microelectronics' initial public offering (IPO) shares is guaranteed to make a profit!"
Secretary Liu said with a wry smile, "The price is too high; the government can't afford it. How about this, the government will only buy 2% of the shares!"
Zhao Ye laughed and said, "Sure, no problem!"
"Okay, that's all for now. I have a meeting later, so I'll have to stop talking now. Contact me if you need anything!"
"Okay, boss, then I won't bother you any longer. Goodbye!"
"goodbye!"
After hanging up the phone, Secretary Liu immediately attended a meeting of the municipal party committee and government.
This chapter is not finished, please click the next page to continue reading!
Continue read on readnovelmtl.com
