Luo Sheng decisively quoted a price code: "From the valuation after the B round of financing, I plan to transfer my personal 12% of the company's equity and cash out 400 million US dollars."

Chen Tao, the representative of idg, roughly calculated the number of transactions and immediately said: "No, 12% set of $400 million? This is obviously much higher than the B round of financing, with a valuation of $3.33 billion, while the B round of financing is worth $3.25 billion."

Luo Sheng immediately spread his hands and complained: "I said to Mr. Chen, you are all top-notch VCs. If you want to see the market, how can you stare at the small market? Why be so petty? Isn't it over just rounding up? It really needs to be evaluated according to the process. It's not a problem for Blue Star Technology's current valuation of over 4 billion US dollars. You won't let me collect an integer..."

Chen Tao: “…”

Everyone was speechless on the spot and wanted to remain serious, but Luo Sheng's remarks made people laugh.

Although the money can be taken out without much pressure, it is not caused by the strong wind? Besides, the valuation is false. Now we have to pay real money, can it be the same...

"I sell 12% of my equity and it costs US$400 million, which is not an exaggeration. You have no objection, right?" Luo Sheng looked at everyone and said again.

A group of representatives of investment shareholders did not answer him, of course they had no objection, but the risk leverage increased, but it also meant that the profits increased. Bluestar Technology did not say that the prospects would be successful, but the potential for success was becoming clearer. This is the core reason why major VCs would be willing to be "slaughtered".

Everyone understands people, needless to say it thoroughly, Luo Sheng added: "Okay, you can talk about how to eat this 12%. If it is inconvenient, I can also avoid it."

Meng Qiu stopped and said, "Oh, come on, what else do you need to avoid? I have never seen such a bad person. I am a hooligan halfway. This is the first time Goldman Sachs has "fallen" such a fall. When you get on your pirate ship, you can only follow the black ones. Should you sail to the other side of success or the shipwreck? Let's take a look."

"This ship will become an aircraft carrier, don't worry." Luo Sheng said with a bright smile, but he didn't leave and continued to sit, but he immediately felt despised: How many of you who are capitalists can do business at a loss?

In the next nearly twenty minutes, several major VPNs discussed with each other and reached a consensus within less than half an hour.

$400 million is definitely a huge sum of money.

This time, Luo Sheng transferred 12% of the shares of Blue Star Technology, which was endorsed by six investment institutions under SoftBank, Goldman Sachs, Venture Capital, IDC, Morgan, and state-owned Huajin Securities.

That is, each investment institution accounts for 2%. By proportion, Sequoia Capital chooses to withdraw voluntarily. Tengxun cannot afford so much money. Even if 2% is calculated at the current exchange rate, it will have to invest 550 million to eat. Tengxun cannot afford so much cash at all now and cannot compete with those VC institutions for cash flow. This time he came here only to get a right to know.

In addition to the six investment institutions, other shareholders came here basically to accompany them to play soybeans.

Qin Weimu helped Luo Sheng formulate a contract and audit. The two parties successfully completed the signing agreement for equity transfer at around 15 pm this afternoon. All six major investment institutions increased their holdings of Blue Star Technology Company by 2%, while Luo Sheng successfully cashed out US$400 million and would only transfer funds into his account after about a week. This is a large amount, and financial liquidation also takes time.

This money does not belong to the company's assets, but Luo Sheng's personal disposable assets. However, after completing the transfer, 20% tax has to be paid in accordance with the law. The actual personal disposable funds obtained are equivalent to about RMB 2.635 billion in domestic currency.

The equity structure of Bluestar Technology has also ushered in a new round of changes.

Option pool reservation: 11.05%

Luo Sheng: 45.6%

Tengxun: 9.45%

Goldman Sachs: 8.148%

SoftBank: 7.26%

Venture capital: 5.51%

idg:5.13%

Morgan: 3%

Huajin Securities: 3%

Sequoia: 1%

Others: 0.852%

This time, the equity change of Bluestar Technology Company was not a capital increase or expansion, but an equity transfer, and the company's own assets did not increase or decrease.

The equity of other shareholders remains basically unchanged. What changes are Luo Sheng and the six major investment institutions. The former sold 12% of their equity to cash out US$400 million, while the latter each bought 2% of their equity to increase their holdings.

Luo Sheng's personal shareholding ratio has dropped to 50% for the first time, but his management team still holds more than 56% of the company's equity. Even if the equity held by the management team is excluded, only Luo Sheng's personal shareholding still maintains absolute control over the company. He absolutely controls the shareholders' meeting and the board of directors, and there are also his people on the board of supervisors.

...

Meng Qiu looked at Luo Sheng with a smile and said, "Haha, Mr. Luo, I have to say that you have eaten your capital tightly. Blue Star Company has collected $400 million without iPo, and still has absolute say in the company. This is the biggest condolence I have seen in the investment world for founders. I hope you can bring a matching rate of return for investors."

Luo Sheng replied with a smile: "To be honest, if it weren't for time not waiting for others, I would definitely wait until the company goes public before talking."

Meng Qiu glanced at him in surprise: "So hurry? Well, to say something you don't like to hear, you want to make a name for yourself in the ICT field from scratch... 400 million US dollars, less than 300 million, after tax, you can't make any money without adding a zero."

As long as you don’t use investors’ money to make trouble, you can do whatever you want. It’s best to lose money. Come back quickly and honestly develop Bluestar Technology.

Speaking of this, Meng Qiu shook his head and added: "Even if you spend 3 billion US dollars, you may not be able to make a big fortune. How many times can you make the existing equity in your hands be? Right?"

Luo Sheng didn't mind at all about his face-to-face attacks, and said with a smile: "One time is enough, who knows? Sometimes I'll talk about it after doing it, maybe I'll be lucky?"

Meng Qiu shook his head with a chuckle, and then exchanged some greetings. After the matter was done, he said goodbye and left. The shareholder representatives who came here also left one after another.

News about Luo Sheng successfully cashing out RMB 3.3 billion (before tax) with a 12% equity transfer spread wildly. For a moment, the news quickly spread in the industry as if it had wings.

Major domestic media reported this widely, which once again shocked the industry insiders.

Many senior practitioners in the industry only feel that when they wake up, is there something wrong with this world?

Are those capitals crazy?

Or is it that those investment institutions have Luo Sheng’s relatives?

Why?

Before Bluestar Technology was listed, he had successfully cashed out RMB 3.3 billion. If he took a step back, even if the company was finished in the end, Luo Sheng would definitely not lose money. The money had been obtained, and it was an astronomical figure.

This news is full of deep malicious intentions for countless entrepreneurs and startups worried about funds.

It’s so annoying that people are so popular that they can’t help but get up early in the morning to see such news, and many entrepreneurs simply want to scold them.

I don’t know how many people are envious of Luo Sheng. This 3.3 billion is no longer a virtual valuation, but real money. What’s more important is that such an astronomical figure is not the company’s assets, but the personal net assets.

This also made Luo Sheng the focus of the news media once again. At the age of 19, he made a wealth that 99% of people in the world could not reach, and became the youngest billionaire in China and even the world, successfully entering the domestic ￥1 billion club.

What is legendary is it or in this incredible way.

With a personal net worth of RMB 2.6 billion, he successfully squeezed into the top 25 of the domestic rich list. He only worked hard for more than a year to create this wealth myth and is currently a popular candidate for the richest man in the country. Because Luo Sheng still holds nearly 45 shares in Blue Star Technology. Once the IPO listing is successfully completed, his personal wealth will once again usher in a terrifying surge.

Even though Luo Sheng did not accept any media interviews or participated in any program interviews, the media still favored him, and news reports about him continued.

Such people and such things have too much news effect.

...
Chapter completed!