"If we want to go to the domestic listing channel, we can only go to the GEM to list. The main board requirements are not enough, and the continuous operation period is not enough. However, I have already said before the domestic GEM that the amount of financing will not be too high, so the navigation device business is basically not to think about it. I looked at their sales briefings. This year, the sales volume is 30 million units, with sales of about US$12 billion, and gross profit is more than 50%.

Excluding expenses and taxes, the net profit is more than 3 billion and close to US$4 billion. According to the normal price-to-earnings ratio of the navigation device industry is about 15 times, so the valuation of this business listing exceeds US$50 billion. [..com]

With such a big figure, the domestic GEM cannot raise this big fish at all. Not to mention the GEM, even the main board is not a big opportunity. It is not a key state-owned enterprise, but it is not a company that wants to raise more than 10 billion yuan of funds at one time. This kind of enterprise is not without it, but it will definitely not be a completely private grassroots background like us.

So if we want to go to the GEM in China, the most suitable business in our hands is MiChina Electronics. As a company that manufactures navigation instruments and brain wave helmets, the concept is fashionable and trendy. Now it produces more than 10 million navigation instruments annually. According to our internal pricing, the annual output value is about 16 billion yuan and the profit is about 1 billion yuan. In this way, the valuation is only about 15 billion yuan based on the 15-fold price-to-earnings ratio.

Considering the high domestic price-to-earnings ratio, it is very likely that we issue at a price-to-earnings ratio of 30 times. After all, this price-to-earnings ratio is within the bottom third of the GEM. If it is successfully listed, it can become the boss of the GEM. Issuing 10% of the shares can raise about 3 billion yuan. However, this fund belongs to this listed company, and it is impossible for you to take it out.

Just because the money is in the hands of the company, you can naturally use it to conduct new investment projects. Anyway, changing the purpose of the project is not a big deal." Shu Ya is worthy of being a major in economics and is really familiar with these things, so she almost says it.

"So, this is the only business in China that is suitable?" Duke asked.

"It's not exactly the case. For example, if you want to split it up, voice input can also be split out. Now it has a net income of hundreds of millions of dollars a year, and the concept is also very good. If it is listed in China, it will not be a big problem to achieve a valuation of more than 30 times.

But I think it is more appropriate to package and list this business with the mobile phone business in the future. This technology has a strong correlation with the mobile phone business and can greatly enhance the competitiveness of mobile phones. Our highlights or selling points will be even more prominent when put into the mobile phone business.

When our mobile phone business sales can compete with Samsung, we will be listed in New York, with a valuation of more than 100 billion US dollars. If we can defeat Apple in terms of sales volume and sales, we can achieve a level of 300 billion US dollars.

However, if Apple's current market value of more than 800 billion US dollars is not enough, this alone is not enough, unless the smart TV market can be similar to the mobile phone business market in the future."

"Oh, so that's it." Duke finally understood this time. This split is still a merger, and the relationship is still of particularity. If you blindly split it up and go public, it may not be the best combination.

In this way, the suitable businesses with limited market capacity growth are those suitable for spin-offs, such as MiChina Electronics, which mainly manufactures navigation instruments and brain wave helmets. The business growth space is limited. Although profits can maintain stable growth, the speed of making money is indeed not too fast. If a business like this can be listed, it can indeed quickly invest money to do bigger things.

"You said, if we list Mi China Electronics in China and Sirius abroad while listing them, will there be any problems with the operation?" Duke didn't want to wait for so long, so he greedily proposed the idea of ​​operating two companies to go public at the same time.

"In terms of process and regulations, there is no problem at all. Sirius now holds a registered capital of foreign institutions. Although the parent company is still a sal, there are basically no restrictions on where to go public, either in Europe or America. It is just that the markets are more likely to accept this company, thinking that this company is worth investing and has a higher valuation.

So from this perspective, I think it would be either on the Nasdaq or on Hong Kong. Both markets are in one of the world's financial centers, and with fewer restrictions on capital transactions, it is easier to attract the attention of global investors and issuance easier.

But relatively speaking, the valuation of Nasdaq is slightly lower. Moreover, the listing costs are also different. If you consider it comprehensively, I suggest that you choose to list in Hong Kong more appropriately."

"Wife, I finally thought of a position that suits you the most, that is, the Securities Department. We will set up a Securities Department and you will be the first director. No matter what, let's bring our two businesses to the market first." Duke couldn't help asking when he saw Shu Ya's idea so comprehensively.

"Go, who wants to be the director of the securities department? I am the president in Mi. Once you drop, you will demote me to three levels in a row?" Shu Ya said angrily.

"Haha, the title is nothing. If you want to add a senior vice president to you and serve as the general manager of the securities department, isn't it so impressive now?" Title is really nothing to Duke. What title is not something he wants is just a matter of just one sentence.

"This is almost the same, but what should I do with my smart TV business?" Shu Ya has not forgotten what Duke promised, and is still thinking about this smart TV. There is no way. Shu Ya has been more powerful since she was a child, and she still hopes to be able to stand alone.

"That thing is also progressing now, and it is still a bit far from establishing a company. We have to wait until we acquire the next suitable home appliance company and use this home appliance company as a springboard. So you can do the business of this listed company first. My name is Cai Siqiang to recruit a group of professionals and form the team as soon as possible. This year we will start this process and strive to go public in the first half of next year." Duke said.

Since I have experts at home, I can do this thing immediately. Duke is still very impressed by Shu Ya. This girl was able to get into Harvard MBA with her real talent and real knowledge. The IQ of this girl must be much higher than that of herself. If she didn't have Kerry, she could say nothing, and it would be good to find a job as a coder.
Chapter completed!