Fan IPO Pending: Investors Diverge On Valuation

On the morning of December 1st, everyone who completed the IPO in the fourth quarter did not seem to be making progress. Prospectus The time passed again, and no definite news has yet been heard. According to the investment bankers close to fan, investors are divided on the valuation of their listed companies. Van guest The listing has been pending.

Since November, news of IPO's application documents submitted to US Securities Regulatory Commission has been heard from all over the world. Liao Binceng CEO's early listing documents have been submitted, but in the US card. Prison Committee No public information was found on the website. And a close insider, who is close to anyone, said that everyone would submit IPO application after November 21st, but it still did not follow the timetable.

Why did all the customers who were scheduled to complete the listing in the fourth quarter delay the IPO application? According to the investment bankers close to all customers, there are fierce differences in the valuation of the customers after the listing. The views are basically divided into two factions, one is forced to go public as soon as possible, the other is to avoid the bleak capital market and wait for the listing after the lunar new year. However, the above sources did not disclose the final decision of everyone.

Public information shows that customers have completed 7 rounds of financing, including Lei Jun, IDG, LIAN CE source, Qiming venture capital, Sai Fu partners, tiger capital (Tiger) and Temasek. When the first disclosure of IPO was announced, it was reported that it would raise $1 billion, but in November, it was reported that the amount of financing would be reduced to 600 million to $700 million.

In fact, this is not a problem faced by a IPO company. Some investment bankers say there are several companies on their hands who want to go to IPO, but they are very anxious because of the bad capital market. The group buying website has already finalized the listing time, but postponed the IPO because of being reported. In the US, the short selling mechanism of China will be locked in the Chinese concept stocks.

For all customers, the problem it faces is not just IPO's pending decision. Yesterday, its vice president Wu Sheng decided to quit, and will join Jingdong mall as senior vice president at the end of the year. This makes the outside world begin to discuss the problem of the loss of core staff: before Wu Sheng, there were also former assistant to President, Xu Xiaohui CEO, former vice president, Li Gang COO, and Li Gang, the former vice president of finance.

At present, customers do not comment on the matter. Zhang Ying recently said in Sina micro-blog that listing is not necessarily a good thing. Not listing is not necessarily a bad thing. "Such a bad capital market, several Chinese companies on the road can not get out."