novelslam Chapter 361: The valuation was too conservative.
Chapter 361: The valuation was too conservative.
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The shockwaves from Gaze's successful NASDAQ listing continue to spread, and Zhang Yun and her company, Changhong Investment, have become the focus of attention in the investment world, receiving a flood of business invitations.
The phone in Changhong Investment's office rang incessantly, like a never-ending symphony. Ever since the news of Gaze's Nasdaq listing, the front desk at Changhong Investment has never been quiet. In just three days, letters requesting financing have filled three filing cabinets, and more are still pouring in.
The venture capital staff were experiencing a bittersweet feeling. Since Gaze's successful IPO, everyone in the company had received extra vacation time and bonuses, though they had to take them in batches.
They have to review a large number of letters every day, but the review speed can't keep up with the number of letters that come in.
Zhang Yun stood before the floor-to-ceiling window of her office, overlooking the bustling Fifth Avenue. Her gaze pierced through the glass, but her thoughts drifted further afield. Gaze's successful IPO had not only brought Changhong Investment widespread renown but had also elevated her personal influence to new heights.
What is Huang Xiaochuan doing? He just dumped everything on me and acted like a carefree, hands-off manager. Thinking about this, Zhang Yun felt inexplicably annoyed.
Just then, someone knocked on the door, interrupting Zhang Yun's thoughts.
"Come in!"
"Also, you have to attend a business cocktail party hosted by Morgan Stanley at the Carlton Hotel at 4 pm this afternoon."
"Okay!" The secretary received the instruction and turned to leave.
The news of Gaze's successful IPO deeply motivated David Young and his partner, Josen Bayer.
They also very much hope to one day become like Darwin and Trevor. Who in America doesn't want to be a billionaire?
Many venture capital firms had already contacted him and Josen, offering very attractive terms. Moreover, Yuho would need the help of these investment banks for its future IPO, so David Young came today specifically for that purpose.
After exchanging pleasantries, Zhang Yun asked, "What would you like to drink?"
"Coffee, thank you!"
"Catherine, given the surge in Yaho users, we need to launch our Series A funding round. This time, we expect to raise $46 million, and we can offer 10% equity."
It seems that the successful IPO of Gaze has had a strong ripple effect. Now, major investment banks and venture capital firms are all focusing on the Internet, and some have even declared that the 21st century will be the century of the Internet.
Yuho's valuation of $460 million is something Zhang Yun is happy to see, given that Changhong Investment is now Yuho's largest shareholder.
After carefully reviewing the financing plan, Zhang Yun was quite satisfied with it. Introducing other investors would be beneficial for Changhong Investment. However, Zhang Yun expressed her disagreement with David Young's conservative valuation.
"I believe the valuation of $460 million underestimates Yuho's value. Our professional assessment suggests that Yuho's current valuation should be $600 million."
Zhang Yun paused, looking firmly at David Young, and continued, "I suggest raising the valuation of the Series A funding round to six hundred million US dollars. This will not only provide Yuho with more financial support, but also better reflect the company's market potential and future development prospects."
Zhang Yun smiled slightly and said calmly, "Gaze's success has already proven the enormous potential of the internet industry. As a rapidly rising internet company, Yuho has a huge user base and a clear business expansion model, so a valuation of $600 million is not an exaggeration. Moreover, a higher valuation can lay a more solid foundation for Yuho's future financing and IPO."
Zhang Yun smiled with satisfaction: "Of course, Changhong Investment will fully support Yuho's financing plan. If there is anything that needs coordination, please contact me at any time."
"Okay, can you help me change my clothes?"
A dozen minutes later, Zhang Yun changed into an elegant evening gown. Considering the cold winter weather in New York, she wore a luxurious fur coat over the gown, which was both warm and highlighted her noble temperament.
"Catherine, it's been a long time." A refined gentleman in his fifties walked up to her and extended his hand.
Zhang Yun shook hands with him politely and replied, "Mr. Anderson, thank you very much for inviting me to tonight's cocktail party."
"It's my honor!" Anderson placed his right hand in front of his abdomen and bowed slightly.