The dealer's one-night wealth story inventory, to see who is the most powerful

After the disclosure of the internal equity relations, the monopoly of the company's 23.7% stake in the Liu after the listing will be geometric attention. This year by the media called "Electric Business IPO", in addition to the 58 already listed in the city, 500 lottery network, will be the road play Jingdong Mall and still in the tangle of Alibaba, the potential capital players are also a lot. While the survival of "financing-burning money-listing-getting rich" has been accused of violating the rules of retailing, it does not deter executives from scrambling to knock out the door on IPOs.

A quick night of wealth

In the BoE chairman Liu's value has not been counted out before, the most people relish the case is 58 with the city CEO Yiu Jingbo. 58 The city successfully landed the NYSE, financing 187 million U.S. dollars, the first trading day down, its market value reached 1.893 billion U.S. dollars, Yiu Jingbo's worth of $447 million. And in the establishment of the city at the beginning of the 58, Yiu Jingbo just a "small ads to do on the Internet" people, "the classification of information sites do not easy to market", there are insiders frankly, Yiu Jingbo "rich" although suddenly, but not without losing its rationality.

More exaggerated than the Yiu Jingbo 500 million, is the monopoly of the capital of the Liu 23.7% equity. According to the investment sector, in large listed companies, the founder or CEO monopoly of more than 20% of the case is very rare, so Liu is likely to be the same size listed companies in charge of the most expensive one. According to the Beijing-east 1.5 billion U.S. dollar proposed financing scale, the market gives most of the valuation between 20 billion-30 billion U.S. dollars, due to the issue price and the number of proposed shares has not been determined, the estimated Liu in Jingdong after the market value of about 4.7 billion-7 billion U.S. dollars.

But not all listed power executives can rely on IPOs for billions. "Bleeding listing" of the only products and raids on the U.S. capital markets in the Orchid Pavilion set in the first trading day after the IPO, the CEO price is not broken billion.

The competition of "The Law of Retailing"

The rich and the rich experience to attract people, for those who are accustomed to the "financing-burning money-listed-rich" of this type of electric game rules players, the use of the two-tier market to let the VC/PE exit is normal, but in traditional retail practitioners, the electronic business enterprises rely on listing to obtain capital is contrary to the nature of retail.

In an interview with a beijing-based business reporter, the head of Wangfujing, a listed company, said although the domestic electric business is also a commercial retail enterprise, but does not depend on the retail profit survival, but the negative profit operation, relies on the investor and the two level market hematopoiesis, therefore the birth "the wealth mentality" lets the enterprise be difficult to carry on the retail business realistically. However, in the opinion of the electric business people, the current scale of electric business enterprises themselves can not rely on the purchase and sale of poor money, but the Internet traffic business. After the business has a certain scale benefits, enterprises can be through data, value-added services and even financial, logistics profitability. Even the "father of electricity" Amazon, whose profitable business is cloud computing and open platforms, has nowhere to go without huge volumes of data backed up by big sales, no massive traffic based on scale effects.

Beware of "listing Sequela"

After the IPO, the surging of the internal enterprise is also unprecedented flooding. According to international practice, after the successful IPO, the "IPO Sequela" will emerge gradually, among which the biggest impact on the enterprise is the brain drain of the senior management team.

According to industry insiders, the executive team in the enterprise listed after the hands of the option can be accounted for the overall option of 60%-90%, less than millions of more than tens of millions of, so there will be a lot of executives left after the option, resulting in increased staff flow, and even ushered in a small peak.

Therefore, in the option to cash, one night after the rich, how to operate healthily, how to tie the core team, how to maintain the value of the electric business bosses, there are many problems.