Chapter 84: Fundraising Begins(1/2)
If this is an auction.
After Abel threw out his financing plan.
It was when the 15 investment funds in the audience started to bid.
That is to report their valuation of Blue Star’s future in their minds.
And their investment efforts.
It is like being able to hold an investor conference as an auction. This is also a strange flower in business history.
The investors who were forced to enter the market.
At this time, even if I don’t want to go, I can only grit my teeth.
In case there is no quote.
As a result, the other party became angry and sold the shares to the companies that offered the offer.
Wouldn't my trip be wasted?
It would be fine if Blue Star fails in the future.
If it becomes successful, you will regret it. The company may even hold you accountable.
At that time, it would be difficult to explain at the partnership meeting or shareholders' meeting.
"Anhong Capital is willing to invest more than 10% of its shares at a valuation of US$4 billion."
A middle-aged man wearing glasses raised his hands.
A valuation of US$4 billion. As a unicorn company that has just started its business for less than a year, it is actually very good.
Normal high-tech unicorn companies often have the first angel round of financing, unless they are the popular ones. The valuation will not exceed US$1 billion.
4 billion shares with a valuation of 10% are real money and 400 million US dollars.
Abel smiled.
Not to mention it, but Anhong Capital was sentenced to death in his heart.
Made. With such a valuation, do you want to send a beggar?
In the future, even if Anhong Capital increases its valuation, it will definitely not sell them!
"Very good. This is the valuation of Anhong Capital. Alvertley, remember it." Abel ordered with a smile.
Alvertley and Rana were by his side all the time.
Upon hearing this, Alvertley took out an iPad and registered it on it.
"Who is below?"
A woman in her thirties sitting next to the middle-aged man wearing glasses at Anhong Capital raised her hand.
"Madam, please tell me, which company are you from?" Abel asked with a smile.
"Apollo Management. I am Maria, the venture capital director of Apollo Management." said the average-looking strong woman.
Apollo mainly invests in companies in North America. Its overseas investment is only aimed at Europe and is not large in scale, including real estate and some mergers.
In recent years, it has been committed to investing in high-tech enterprises.
But so far there are no famous projects.
"Apollo is willing to acquire 20% of his shares at a valuation of US$5 billion!"
The representative of Anhong Capital looked up at the representative of Apollo.
The price is directly raised by 20%. Is this a slap in the face? Can't it be increased little by little?
If it is $5 billion, 20% of the shares are $1 billion.
The bid for a single original share is about 20% higher than that of Anhong Capital. It seems quite generous.
Abel was sentenced to death again in his heart.
This Apollo and Anhong don't come next time.
"Okay. Al remember."
He said with a smile.
"Next."
Two consecutive investors bid, and the prices offered were a bit low.
This is actually a test.
Although Abel just mentioned about profit margins, they actually didn't believe it. They thought it was a pie.
But what Abel said just now is all lies.
With the possible capabilities of [Blue Star One], there is also the electronic waste treatment market and a wider low-content mineral powder refining market.
No matter how low the valuation is, it cannot be as low as billions of dollars.
Anhong Capital and Apollo Management reported such valuations.
It has the idea of temptation and picking up bargains.
But they didn't know that because of their idea of finding a bargain, Abel sentenced to death in his heart.
After seeing two consecutive offers, Abel was indifferent.
Representatives of Apollo Management and Anhong Capital both regretted it.
Others became cautious.
After a stalemate for a while, the representative of Intel's investment raised his hands.
This Intel investment is the investment company of Intel that sells CPUs
"Intel is willing to invest in Blue Star Future with a market value of US$10 billion, hoping to get 5% of the shares."
It is worthy of being the rich Intel.
The valuation was raised from 5 billion to 10 billion at once.
But he was still cautious in his actions. He was only willing to pay 500 million US dollars.
This is also related to Intel's investment strategy.
As the strategic investment subsidiary of Intel that sells CPUs.
Intel's investment has always been focusing on those IT-type unicorns.
It is because the CPU market has not exploded as before in recent years. It has gradually tried to take its tentacles in other directions.
Just very cautious.
In fact, this 10 billion US dollars is not Abel's psychological price.
But this is Intel.
He just nodded: "Okay. Go ahead and go to the next one."
The representative of Intel Investments sat down silently.
One after another.
Representatives of other investment companies also revealed their respective offers.
This valuation.
From the beginning, $4 billion.
Gradually climbing upward.
Gradually it exceeded US$10 billion.
"10.5 billion US dollars! This is the bottom line of kkr!"
"Defengjie's psychological price is US$11 billion."
"12 billion US dollars. This is the quotation for Enyi's investment. We are willing to invest 10%."
"13 billion US dollars..."
"15 billion US dollars..."
“15.5 billion US dollars…”
“16.1 billion US dollars…”
“…”
The valuation is gradually increasing, and the numbers are getting higher and higher. Even Anhong Capital and Apollo Management, which were initially exploring, have requoted.
One took out a valuation offer of US$15 billion, and the other took out a valuation of US$15.8 billion.
In the end, Carlyle Investment Group has the highest valuation of US$16.1 billion.
But the investors present were a little unhappy.
To be continued...