Rebirth: The Financial Giant

"Reborn Financial Giant (

As attention surges, so does the discussion.

Most investors do not understand the valuation logic of the capital market. Here, Tianchi Technology is valued at 37 billion yuan, but Pinduoduo next door can give a valuation of about 170 billion yuan.

It stands to reason that the valuation of Tianchi technology is more than 170 billion.

With more discussions, more attention, and more news, one of the news quickly spread in major discussion groups and forums.

"It's no wonder that Tianchi Technology has only given a valuation of 37 billion yuan, and Nima is responsible for breaking the table."

"Is this news true or false? Is it the cost of selling a car for a loss? That is, a net loss of 200,000 for buying a car? Worth!"

"If you really sell one million vehicles this year, wouldn't it cost you more than 200 billion?"

"I rub, the debt scale is 467 billion, and the asset-liability ratio is as high as 279%. Is there any company with a higher debt ratio than this?"

"That is to say, buy 1 million Tianchi stocks and directly debt 2.79 million in situ?"

"Can this also be listed?"

"We don't understand, we don't know, we don't dare to ask, we can't buy it, and we don't even dare to buy it."

"Anyway, even if it is a pit, it is the rich people who are pitted. The threshold of the Science and Technology Innovation Board is there, haha!"

"What are you afraid of, if you win the lottery in Xinneng, you will definitely earn it, and you will be done. I don't believe that the listing will break directly."

...

The market is constantly discussing Tianchi technology. Obviously, the problems of Tianchi technology have exceeded most people's cognition. Now there are very few people who can understand and value the company as an Internet platform company.

Even institutional investors are not many, just look at the stock price of Tesla next door, which is still climbing to the floor.

Most people still regard Tianchi Technology as a car company. Although it is also a car company, it is fundamentally different from traditional car manufacturers. Once the new energy car company is regarded as a network platform company, the logic of the valuation, then the whole The valuation system will be turned upside down.

As for the issuance market value of 37 billion, it is indeed an astonishing debt on the book. In the end, Lu Ming is kind, and clearly tells the market about the risks of Tianchi technology, and it is very intuitively reflected on the balance sheet. Think about the car and then decide.

Whether the market value of the offering is high or low, it does not make much difference for Tiansheng Capital, because the value of the company will eventually be geometric, and the stock price will be cashed sooner or later.

Intuitively, it seems that the pricing is higher, and the cost of funds raised is lower, because less equity is sold for the same scale of funds raised, and it seems like a big loss for such a low valuation now.

But Tianchi Technology obviously can't understand it in this way. The funds subscribed offline this time, that is, the major shareholder, are all related to Tiansheng Capital. Chaoyun and Wanxiang are all LP members of Tiansheng. As for Guo Jia Not to mention the team organization.

Tianchi Technology has developed over the years, and Tiansheng Capital has continued to transfuse blood for it. Although the money is borrowed money, the lender includes the funds under the name of its LP members in addition to the parent company's own liquidity.

All of them took huge risks invisibly, and those institutions were not stupid. Lu Ming was really sincere and didn't take advantage of him. After all, they were all people who supported him.

Another is that only in this way will they become the "main force" of the market, and then will they have enough enthusiasm to cash in on the stock price and market value of Tianchi Technology, which requires real money and silver to work hard.

And retail investors have indeed benefited from it. This time, the 12.05% ratio for small and medium-sized investors in retail investors has divided a part of the cake. Because of the prolonged time period, the value of Tianchi technology is gradually reflected and the stock price is to realize the value. The issue price is the floor price.

However, Lu Ming also knows that the investors who won the online lottery this time, those who can really hold the two hard-won chips can have 20% left. go out.

Just like the backdoor listing of Tiansheng Capital, how many retail investors are still in it?

This time Tianchi Technology is listed, and the institutions involved in the distribution are actually very concentrated. Two Guo Jia team institutions and five LP institutions are gone!

The five LP institutions are Lu Ming's core circle of friends.

But there is still a lot of votes for the institutions that want to get on the bus. It's not that Lu Ming's core circle of friends still can't get a share of the pie, and they can only participate in the 12.05% of the new recruits, and this part is what they are eyeing. Meat.

That is to say, the next retail investors who have won the lottery and the 3 million retail investors who meet the investment conditions of the Science and Technology Innovation Board who want to participate in investing in Tianchi Technology will have to compete with a group of institutions in the secondary market.

A retail investor who has the right to buy stocks on the Sci-Tech Innovation Board, even if it is a leek, is a senior leek. If Tianchi Technology is listed on the main board, retail investors will not be driven crazy by these big funds, let alone 20%. , Ten can save one, thank God.

...

In the next few days, the market was hotly discussing the news related to the Science and Technology Innovation Board, and the trend of Big A in the past two days entered the adjustment stage.

Since the sharp rise on June 11, it has been adjusted for 5 consecutive trading days, and the trading volume has almost shrunk to the ground volume.

There are also some people who believe that the lack of impulse energy in the broader market and the immobility of OTC funds are largely the reason for the STAR Market. This time, the first batch of companies listed on the STAR Market are expected to raise a total financing scale of 60 billion yuan, and there are no OTC funds. Not to mention entering the market, the funds are also withdrawing from the market, and the funds will flow to the Science and Technology Innovation Board. Many people are preparing to raise funds to create a new Science and Technology Innovation Board.

On June 19, the A-share market opened. The two markets directly gapped higher today, and the Shanghai index opened higher by +1.87%. This was stimulated by a major news, that is, the domestic side and the North American side launched a bilateral highest yesterday. level telephone conversations.

Affected by this, the external market has risen sharply last night, and today's big A opened sharply higher.

Zhonggai stocks, technology stocks and chip stocks are also generally higher today. At the same time, WTI crude oil rose to 4% on the day, and Brent crude oil rose 2.7%. This level of news has a great impact on the capital market. Especially short-term volatility.

However, after the big A and the two cities opened sharply higher today, the opening fluctuated and fell back ~www.wuxiamtl.com~ The gains of the three major indexes gradually narrowed.

In the afternoon, the gains of the Shanghai and Shenzhen stock markets narrowed further, and the hot topic sectors performed in turn, but the persistence was average. Although it stood firm at 2900 points, this trend still made investors depressed, but it was also in line with the style of the big A.

In terms of industry sectors, intellectual property protection concept stocks led the gains in the two markets today, Zhongwen Online, Guangyi Technology, Zhonglu Co., Ltd., Inthio Group, and Palmyue Technology rose by the daily limit.

The concept of domestic chips has performed strongly, and stocks such as Weir Shares, Pengding Holdings, Jiejie Microelectronics, Hongxing Electronics, Bomin Electronics, and Dongjing Electronics have reached their daily limit.

The environmental protection sector strengthened again today, with shares such as Shengyun Environmental Protection, Green Cesium Power, Huicheng Environmental Protection, and Fulongma hitting the daily limit.

As of the close, the Shanghai Composite Index closed at 2,917.80 points, up 0.96%; the Shenzhen Component Index closed at 8,925.73 points, up 1.38%; the ChiNext Index closed at 1,469.99 points, up 0.98%.

It is worth mentioning that Fulong had previously traded at the daily limit of nine consecutive boards, fell sharply in the next two days, and then rose by the limit again. Today, it entered the daily limit of the second board again, and went out of the eleventh board in thirteen days. The stock price also hit a record high of 32.82 yuan and surrendered. Since the daily limit of the board, it has hit a cumulative increase of +179%.

Obviously, Fulongma is now highly sought after by market funds. The first wave of seven consecutive boards has a one-word daily limit, and then it opened and changed hands and pushed two boards. After two days of adjustment, it is now out of two consecutive boards, and it is about to go second. Bo means, and it's a game to go and play the drum and pass the flower relay.

The popularity of this ticket has now been released, and the market capital has also recognized it. The story is also very beautiful and moving. You know, now it's the music and the dance anyway.

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