Public Comment Network CEO estimates the company can be listed in three years

NetEase Science and technology news SEPTEMBER 3 Reuters, Public comment Network (dianping.com) Chief Executive (CEO) Zhang said in Tuesday, the company's revenues will continue to grow rapidly as the company's visibility increases and demand for business as well as restaurants increases, and preparations for future acquisitions and product expansion are also planned for tens of millions of dollars at the end of the year or early next year.

In an interview with Reuters in Shanghai, he said the listing must be a goal of the company's development, but also depends on the operation of the company and the securities market situation, now estimated about three years after the company can be listed.

"Our general step is to start the third round of financing by the end of the year or early next, after three years or so," he said. Financing is mainly for the company's potential mergers and acquisitions and new products and business.

Looking at past cases, he explains, companies with a market capitalisation of $3.4 billion trillion will consider listing. The company's net profit needs to be more than 10 million dollars to meet the market conditions, according to the current stock price/earnings ratio. And this goal for the public comment network, probably still need about three years time. But it did not disclose more details of the listing.

Food-loving Zhang 2003 after returning to the United States, found that looking for the right hotel more trouble. He thought of the Zagat Guide, who had been very popular abroad to collect public comments through questionnaires, so he created a public comment network on the basis of a single person, after which he gained two rounds of capital injections, such as redwood, for investment.