Another internet veteran ushered in the harvest season, Storm technology successfully landing gem

Another internet veteran ushered in the harvest season, entrepreneurship 10 years of storm technology yesterday successfully landed gem board. Opening price of 9.43 Yuan, the stock rose to 10.28 yuan, the closure of the day the largest increase of 44%.

Founder worth 314 million yuan

The Storm technology prospectus shows that storm technology intends to issue no more than 30 million shares of common stock, accounting for no less than 25% of the total share capital after issuance. Among them, shareholders in the way of public offering to investors to transfer shares of less than 15 million shares. is expected to invest 510 million yuan to raise funds, the fund-raising is mainly used for Internet High-definition video service platform upgrades and expansion projects, mobile Terminal video service system research and development projects.

Previously, the storm technology scheduled to issue a price of 7.14 yuan, yesterday's storm technology to 9.43 Yuan opened, less than half an hour after the opening, Storm technology shares soared to 10.28 yuan, the first day of the biggest increase of 44%. Total market capitalisation is 1.234 billion, p/E is 29.41 times times.

In this calculation, fengxin personal assets to 314 million yuan. It is understood that in the pre-IPO purchase, the Storm technology online release initial subscription multiples of 655.55 times times, is the gem since the launch of the highest record since 2009.

First release of Vie return a shares

The "Vie structure", also known as "Protocol Control", is the actual or potential economic source owned by the enterprise, but the enterprise itself has no complete control over the interest entity. 2006-2008, the operating platform of the storm technology at that time accepted the IDG, the matrix total more than 20 million dollars of investment. In 2011, IDG, Matrix exit Storm Technology, 2012 VIE structure completely lifted, Storm technology announced will be listed to change to a shares.

Storm technology angel Investor, IDG Asia President Shong yesterday appeared in the listing bell scene, he said, Storm technology is the first to release the VIE structure, back to a shares listed internet companies, this to other overseas listed companies with a head. Another angel investor, Mito chairman Cai, said directly, storm technology may trigger a A-share return wave.

As for the reason, shong that there are two main points. One is the current domestic stock market good, the second is compared to the U.S. shareholders, domestic investors to the Chinese company more understanding. This is why many domestic internet companies are grossly undervalued in the US stock market. Earlier, the Shong investment of another video company Thunder in the United States listing, the share price from last year on the first day of the IPO 15 U.S. dollars fell to 6.36 U.S. dollars.

Copyright will be the main business risk

Long recovery accounts, huge costs of copyright purchases, government tax breaks expiring, and video industry competition are intensifying, and the challenges facing storm technology remain enormous. Fengxin said that after the listing will first consider the expansion of the company's size, pay attention to the growth of the company. "Entertainment is the key to the storm technology, including video music games, hardware and software will be increased investment." But Fengxin yesterday declined to disclose more detailed directions and plans for mergers and acquisitions.

Copyright becomes the main risk of storm technology, Storm technology in the prospectus, said that if the future film and television play copyright purchase price continued to rise substantially, or the company purchase unit price relatively high single play, may increase the company's copyright procurement costs and intangible assets amortization amount, which will have a certain adverse impact on the company's profitability level.

The prospectus also shows that, as of the date of signing the prospectus, the storm technology also has an outstanding litigation case of 17, the copyright party to bring the information network rights infringement litigation. Of these, 14 were charged for pleasure. Beijing News (reporter Lin Chiling)