• Recently visited:
Published on 2018-07-26 08:08:42 Share it web version
[Video Record] A lot of listings in the US: the issue price is 19 US dollars.
Source: Eastern Fortune Network

K diagram pdd_31

  点击观看视频>>Fighting a lot of listing ringing ceremony

On the evening of July 26th, Beijing time, the company officially landed on Nasdaq. According to Nasdaq’s proposal, it was the first time in Nasdaq’s history that it chose to ring the clock in Shanghai and New York. Eastern Fortune Network broadcast live.

  Total market value of 24 billion US dollars

It is understood that the company plans to issue 85.6 million American depositary shares, representing 4 shares of A shares, which will eventually be priced at US$16/ADS-19/ADS price range of US$19/ADS. Financing $1.87 billion has become the largest IPO in the past four years.

According to this price plus the option estimate, the market value of the market is about 24 billion US dollars.

According to the media "IPO knows" news, a lot of IPO pricing is $22.8, but today's media reports that due to the high over-raising ratio, the company has the right to exercise the right to raise the price by 20%, that is, to adjust the price per ADS to $22.8, but Huang Hao insisted on pricing at $19.

Tang Chuan, an analyst at Guojin Securities, believes that there is still no way to enjoy Ali's valuation system, integrating the current e-commerce platform and market structure, and overlapping concerns about going to Tencent, we believe that its GMV valuation is 40% in Ali. -60% is a more reasonable level, with a corresponding valuation of $15.5 billion to $23.3 billion.

Tianfeng Securities said that with reference to the valuations of Jingdong and Ali, the valuations of many companies fell to the range of US$18-24 billion.

  The founder is worth more than Liu Qiangdong

In the prospectus, the shareholdings before the issuance of the shares were disclosed. The shareholding ratio of CEO Chuanghan was 50.7%, and the shareholding of Shennanpeng, the founding and managing partner of Sequoia China, was 4.4%. All directors and senior executives hold a total of 55.5%.

According to public information, the company was founded in September 2015. Founder Huang Wei graduated from Zhejiang University and the University of Wisconsin in the early years. After graduation, he joined Google as a software engineer and project manager. Later, he returned to China to participate in the Google China office with Kai-Fu Lee. Founded.

According to the multi-issue price of 19 US dollars, his personal net worth exceeds 9.9 billion US dollars, surpassing Jingdong founder Liu Qiangdong and becoming China's 16th richest man.

  Established 3Why is the year rising rapidly?

According to the data, as of the second quarter of 2018, the number of monthly active users was 195 million, an increase of 17.3% from the previous quarter and an increase of 495%. Active buyers were 343 million, an increase of 16.5% from the previous quarter and a year-on-year increase of 245%. The annual consumption of each active buyer was 762.8 yuan, an increase of 13.2% from the previous quarter's 673.9 yuan, an increase of 98%. At the same time, as of June 30, the GMV for the year was more than 262.1 billion yuan.

Hu Youwen, an analyst at Essence Securities, believes that according to the size of the buyer, many of them have already entered the first camp of the Chinese e-commerce B2C. Compared with the development process of Jingdong and Alibaba, the active buyers are quickly accumulating through social networks while the APP continues to iterate after the online launch. According to the end of June 30, the GMV of a total of 262.1 billion yuan in a year, compared with Tmall and Jingdong respectively 2.1 trillion and 1.4 trillion GMV, but the GMV increased by 7.5 times, far Faster than the industry's leading 35% -36% year-on-year growth rate.

However, in terms of target users, the focus is on a large number of small and medium-sized cities and rural users, mostly in the third-fourth and below cities. Lower income levels for this group of people are more price sensitive. At the same time, Taobao, Jingdong and other integrated e-commerce giants continue to expand into the mid-to-high-end market with the slogan of “consumption upgrade”, thus giving the opportunity to fight more and more, so that they can avoid the giants in the e-commerce flow dividend. The positive competition, tapping the low-line market with a low degree of penetration to a certain extent, and achieving rapid expansion.

According to Aurora's November 2017 data, users from the third- and fourth-tier cities accounted for 64.73% of the total number of users, while users in first-tier cities accounted for only 7.56%. Compared with Jingdong users, the proportion of users in first- and second-tier cities is nearly 50%, which is obviously higher than that of the competition.

  There are still many problems after the listing

However, even though it has become China's top three e-commerce platform, the accusation against a lot of fakes has not stopped, and with the submission of a prospectus to the US Securities and Exchange Commission in June this year, such accusations Not even weak and strong.

According to the New York Times, some companies have filed trademark infringement lawsuits in the United States. Last Thursday, a family namedDaddy’s Choice (Daddy's Choice) The diaper manufacturer filed a lawsuit in the federal court in New York, claiming that the company was able to knowingly sell counterfeit products with the name Daddy’s Choice.

Tang Chuan said that as a social e-commerce supported by a huge amount of Tencent users, in a certain sense, it is actually holding Tencent's banner, Tencent's hope in the e-commerce field and Ali's ability to slap on the wrist. But a lot of fights, born out of micro-signals, broke out in small programs, can be said to rely on Tencent and WeChat to achieve an outbreak, after its development and growth to the next volume, whether it can "go to Tencent", this is still a problem . And in the Tencent system, I am afraid that there will be certain restrictions on further growth.

Tang Chuan said that in the long run, it is necessary to complete the optimization and upgrading from low-price strategy to quality strategy and meet the needs of consumers at different levels in order to achieve sustained and healthy development. From this perspective, the upgrading of goods and services has become the second biggest problem that must be broken. After breaking through the above two major bottlenecks, the company will successfully advance to the top three in the industry and create a new three-pronged e-commerce structure.

  The following is a live broadcast of the ringing ceremony.(The content of the text is integrated from the First Financial and Eastern Fortune Network)

20:00 Fighting a lot of ringing ceremony panorama:

20:10 Fighting a lot of CEO Huang Wei speech:

20:20 Today, I am working on a lot of sites in the Shanghai office:

20:30 Fighting a lot of ringing ceremony scene:

20:40 Tonight, the company has officially listed on the NASDAQ exchange, with an issue price of $19 per share and a market capitalization of over $24 billion. At present, Huang Wei holds 46.8% of the shares and has 89.8% of voting rights. Tencent has a share ratio of 17.0% and voting rights of 3.3%.

20:55 According to this calculation, Huang Wei’s personal net assets will reach 11.23 billion US dollars. Regarding the scene of the ringing ceremony, Huang Wei responded: "The main reason is physical reasons. Before the otitis media, it will be difficult to change the pressure of the aircraft."

21:10 Fighting more and more contrast Ali, Jingdong:

21:20 The representative of the Nasdaq Asia region is speaking:

21:30 Fighting a lot of CEO Huang Wei is ready to start ringing the clock:

21:40 Shanghai, New York, choose a family and users to ring the clock:

21:50 Consumer Family Representative:

22:00 Zhang Yi, a consumer who is ringing the clock in Nasdaq, USA:

  22:10 A lot of listings and ringing ceremony ended successfully.

Oriental Fortune International Securities US stock commission is as low as $0.01/share, Hong Kong stocks are free of commission for 3 months, helping you to open a one-stop experience and grasp the pulse of the global market!


                                Solemnly declare: All information published by users in the Fortune/Shares/Blog community (including but not limited to text, video, audio, data and graphics) represents only personal opinions, and has nothing to do with the position of this website, and does not constitute any investment advice for you. This operation is at your own risk.
Published on 2018-07-26 16:26:14
                                                Go to the United States to give money to praise
Published on 2018-07-26 15:51:04
                                                Don't be a victim of A shares, this is a good one!
Published on 2018-07-26 14:28:51
                                                I bought 2 things, all fakes!
Published on 2018-07-26 16:27:32
                                                Never return to A shares.
Published on 2018-07-26 16:27:23
                                                "Look at him from the tall building, watch him banquet guests, watch him collapse the tower." Within three years, it will be visible.
Published on 2018-07-26 11:20:49
                                                Big liar, Ponzi scheme
Published on 2018-07-26 11:41:38
                                                Cheap is not good quality
Published on 2018-07-26 11:57:49
                                                a trip
Published on 2018-07-26 12:46:11
                                                If you fight too much, then you should be better than Xiaomi!
Published on 2018-07-26 13:39:57
Published on 2018-07-26 13:40:05
                                                Anyone who buys Dongdong on the fight knows that it is A goods, why buy it. Because it's cheap... don't ask me how I know, because I am the buyer.
Published on 2018-07-26 13:40:30
                                                The valuation is still too high;
Published on 2018-07-26 13:54:12
                                                There are times when you have a brainball, and you have a big table tennis table to see a bigger point than peanuts. You know.
Published on 2018-07-26 13:54:34
                                                I just want to see what the short rate is. If it is less than 5%, consider going empty.
Published on 2018-07-26 13:56:18
                                                Is it a lot of fun?
Published on 2018-07-26 13:56:56
                                                Stupid to buy this stock
Published on 2018-07-26 14:02:36
                                                Fight a lot more on a garbage
Published on 2018-07-26 14:05:23
                                                1 yuan shop is also listed
Published on 2018-07-26 14:12:18
                                                Spicy chicken company broken 100%
Published on 2018-07-26 14:19:22
                                                Ace in the routine
Published on 2018-07-26 14:20:10
                                                What is more to do with a website and Jingdong Liu Qiangdong, Jingdong online and offline logistics and distribution are people's own, fight more wired and logistics?
Published on 2018-07-26 14:25:46
                                                It’s really disgusting to get a price for a thousand breaks.
Published on 2018-07-26 14:26:49
                                                Ma Yun and Ma Huateng have lost a chat tool, nailed and incomparable.
Published on 2018-07-26 14:27:30
                                                3 years
Published on 2018-07-26 14:28:30
                                                The next wave of bull stocks is a stock with two words of energy.
Published on 2018-07-26 14:28:36
                                                Don't come back to the old American money.
Published on 2018-07-26 14:28:46
                                                What is more to do with a website and Jingdong Liu Qiangdong, Jingdong online and offline logistics and distribution are people's own, fight more wired and logistics?
Published on 2018-07-26 14:28:51
                                                I bought 2 things, all fakes!
Published on 2018-07-26 14:29:24
                                                This can also be listed,,, haha
Published on 2018-07-26 14:36:38
                                                Very suitable for ordinary people, things are cheap, rural people buy cheap
Published on 2018-07-26 14:37:24
                                                I am in favor of using garbage to dig into the old American money, and don't come back to harm yourself.
Published on 2018-07-26 14:40:17
                                                It will be listed in three years, and it will become rich as soon as it comes up. As with the demolition, it is more suitable than the first one. More than Jingdong Liu Qiangdong has money, which can not be more powerful. Ha ha
Published on 2018-07-26 14:40:28
                                                It’s really admirable, such garbage can be deceived in the United States! I admire you!
Published on 2018-07-26 14:41:00
                                                Blame me for being late, you have finished speaking my words.
Published on 2018-07-26 14:47:09
Comment on this topic
The post is gone! How to do?
Author: You will not be publishedlog in |5 seconds registration Author:, welcome to leave a messagedrop outPost a new topic
            Solemnly declare: All information, speeches, etc. published by users in the community represent only personal opinions, and have nothing to do with the position of this website, and do not constitute any investment advice for you. Users should make their own decisions on securities investment and bear the corresponding risks based on their own independent judgment."Terms of Service""Review of Self-discipline Management Commitment"