Chapter 274 Zhu Xu resigned and said goodbye to Tianyu (Second update please subscribe)

Yes, Lu Tianyu chose direct listing.

The so-called direct listing, also known as direct public offering (DPO), is a method of making a company's stock publicly traded without the help of a bank to conduct an initial public offering (IPO).

A DPO (direct public offering) and an IPO (initial public offering) are similar in that they are both ways of allowing a formerly private company to go public and sell shares on the public market.

The difference between DPO and IPO is that IPO cooperates with investment banks to sell initial public offering shares before listing, while DPO does not need to cooperate with investment banks to underwrite the issued stocks, but starts trading existing investments on the exchange when the market opens.

privately held shares.

The advantage of a company listing through a DPO is that it does not dilute the value of its shares in the market and gives early investors a way to sell their shares faster than the IPO process. In other words, existing investors can directly transfer their own shares

Listed on the stock exchange, you can cash out at any time without the lock-up period like a traditional IPO.

In addition, compared with IPO, DPO reduces many links and can greatly shorten the time required to go public.

In a traditional IPO, one or more investment banks underwrite the issued stocks. Their role is to manage multiple aspects of the IPO. From share restructuring to listing and circulation, a set of processes takes at least a year and a half, and listing counseling alone is required.

one Year.

But DPO does not use it. DPO has no primary market and no brokers. Investors purchase stocks directly through the open market on the day of listing. The listing process can even be shortened to as little as one or two months.

For example, in another time and space, the American company Spotify.

Spotify submitted a listing application document to the U.S. Securities and Exchange Commission on February 29, applying to be listed on the New York Stock Exchange.

Because it chose direct listing, there was no primary market, no brokers, and no intermediate links. After just one month, on April 3, Spotify was officially listed on the New York Stock Exchange.

Spotify began trading three hours after the opening, with an opening price of US$165.90, 26% higher than the pre-market reference price of US$132. The opening market value was US$29.6 billion, making it the third largest technology IPO in the United States. It also became the largest in the history of the New York Stock Exchange.

of directly listed companies.

Of course, everything has pros and cons.

Although DPO reduces links, it also gives up the safety net provided by the underwriter, all aspects of risk prediction, and assessment. The shares available for trading depend on early investors, and the opening price will completely depend on market demand and is affected by the potential market

The impact of volatility. This makes DPO potentially more risky than IPO. The ability to resist risks is also worse.

So when Zhu Xu knew that Lu Tianyu actually chose to go public directly, he was no longer in the mood to rest. He hurried back to Tianyu and found Lu Tianyu: "Mr. Lu, what's going on? Didn't you promise me that Tianyu would not choose to go public in the near future?"

Is it going public?”

"Oh! You said this, Director Zhu, I did promise you that Tianyu would not choose to go public in the near future, but the plan could not keep up with the changes. I did not expect that after the music festival, our Tianyu's exposure would be so high. This is a good opportunity.

"

"Good opportunity? I seem to have discussed with you before that after Wang Xuan left Tianyu, Tianyu no longer has the foundation to go public. Even if Mr. Zhuang Ye and Mr. Li Gang join Tianyu, Tianyu still does not have the foundation to go public. This is

What kind of good opportunity is this?"

"No, during your absence, I asked professionals to evaluate it. As long as Mr. Zhuang Ye and Mr. Li Gang join Tianyu, our Tianyu is fully capable of going public."

"Have you asked someone to evaluate you? It seems that Mr. Lu doesn't trust me at all. That's okay. Even if Mr. Zhuang Ye and Mr. Li Gang join Tianyu, our Tianyu has the foundation to go public. So why did Mr. Lu choose to go public directly?

?Does Mr. Lu know what direct listing means? Does he know how risky direct listing is?"

"I definitely know. I have also consulted professionals on this. Direct listings are greatly affected by market fluctuations."

"Do professionals only tell you that direct listing is only affected by market fluctuations?"

"Otherwise there will be other effects?"

"It seems that the professional you hired is not very good. The biggest difference between IPO and DPO is that the IPO process will go through multiple rounds of evaluations, various assessments, various risk predictions, research, and timely discovery of the company's existence.

Provide solutions to the shortcomings and greatly enhance the company's ability to resist risks after listing.

The DPO does not have these processes, and the company does not know its own shortcomings, and its ability to resist risks after listing is very poor. Once a problem occurs, it cannot be solved immediately. Someone with good intentions will take advantage of it and fan the flames, and investors will panic and have a negative attitude towards this listed company.

Lose confidence, the stock price plummets, and the company is doomed!

So even if you want to list Tianyu, you should go for an IPO."

"The problem is that IPO takes too long. It takes nearly 2 years to complete a set of procedures. It is too wasteful. Tianyu finally gained a lot of popularity and popularity at the annual music festival. If it is not used, the day lily will be cold in two years.

.”

"There will still be new popularity after two years. IPO is for safety. If we don't go public directly, Tianyu may not be able to survive for two years. If there is a slight disturbance, it will be over. Why waste it?"

"No, our Tianyu is now prosperous. The music and film circles are in full bloom, and there are many talents in various fields. We will not reach that point."

"Haha! Tianhai also blossomed in full bloom back then, even more than Tianyu. What was the result?"

"The problem is that Tianhai is not listed. After Tianyu is listed, we can use the funds raised after the listing to expand operations, improve market competitiveness, standardize the company's rules and regulations, organizational structure, and even completely transform the company. Tianhai and us

Can it be compared?"

"Believe me, after Wang Xuan left, Tianyu now is definitely worse than Tianhai before. Tianhai's plate at that time was bigger than Tianyu's plate, and it was also more stable than Tianyu's."

"Wang Xuan, Wang Xuan, Wang Xuan again, it's Wang Xuan again and again. Tianyu can't function without Wang Xuan? Now we have Zhuang Ye and Li Gang. In what way are they worse than Wang Xuan?

"

"It seems that you can't bear to listen to what I say. That's okay. Thank you Mr. Lu for taking care of me over the years." Zhu Xu shook his head and smiled a little self-deprecatingly.

"What do you mean?" Lu Tianyu frowned, having a bad feeling.

"Literally, I will resign later. As for the shares donated by Mr. Lu, they will be returned to Mr. Lu intact. I wish Tianyu good luck." Zhu Xu said.

"Isn't that true? Just because of Wang Xuan, do we need to go to this point?" Lu Tianyu frowned even more tightly.

"It's not Wang Xuan's problem, it's just that I'm a little tired."

"You can rest when you're tired. Didn't you get a month's leave?"

Zhu Xu shook his head: "There is no need to persuade Mr. Lu, I have made up my mind."

Lu Tianyu simply doesn't understand that some tiredness cannot be recovered through rest, such as heart tiredness.

How tired is Zhu Xuxin? He has been with Tianyu for ten years and has worked hard to develop Tianyu for ten years. Under his hard work and leadership, Tianyu has also developed from a small film production company to a first-class company in the entertainment industry.

Especially after Wang Xuan joined Tianyu, he saw the light of day.

To be honest, it is not only Lu Tianyu who has ambitions, in fact, Wang Xuan's joining also made Zhu Xu also have ambitions.

Before Wang Xuan joined Tianyu, Zhu Xu had a small goal in mind, just to help Tianyu survive in the entertainment industry.

Yes, it's that simple.

But in fact, this goal is not easy. At that time, Tianyu was said to be a first-class company in the entertainment industry, but it could only do well in the film and television industry. It had no achievements in the music industry and was very poor in other aspects.

It's not easy for a lame entertainment company like this to survive in the entertainment industry. It's okay for a giant company to ignore you, but it would be very easy to mess with you.

Until Wang Xuan joined Tianyu, Wang Xuan's visible musical talent still made Zhu Xu unable to help but have ambitions. His goal was no longer to lead Tianyu to survive among a group of giant companies, but to lead Tianyu to be on par with the giant companies.

, launch an attack on giant companies.

But he just kept this ambition deep in his heart and never mentioned it to anyone, because he understood that this was obviously not an ambition that could be achieved in a short time. And Wang Xuan's existence was undoubtedly the most critical link in whether he could realize this ambition.

In the end, Lu Tianyu actually committed suicide and took Wang Xuan away!

At that time, Zhu Xu was very tired and thought about leaving Tianyu directly, but Tianyu had his ten years of hard work and ten years of hard work to get where Tianyu is now, and Zhu Xu still couldn't let go.

But he was really tired and it was difficult to work in this state, so he simply took a month's leave.

But before asking for leave, he talked with Lu Tianyu for a long time and analyzed a lot for Lu Tianyu. The purpose was to make Lu Tianyu understand that after Wang Xuan left Tianyu, Tianyu no longer had the foundation to go public.

If Tianyu wants to go public, it must be done slowly.

At that time, Lu Tianyu also made a good promise and promised him that he would not mess around and would not list Tianyu in the near future. As a result, within a few days of his vacation, Lu Tianyu was about to list Tianyu, and he would list it directly!

Tianyu's foundation is very illusory, and it seems to be prosperous now, but this is all an illusion brought by Wang Xuan. After Wang Xuan left, Tianyu was reluctant to go public through the IPO process. Listing directly would be simply courting death!

So he ended his vacation as soon as possible and returned to the company to persuade Lu Tianyu. As a result, Lu Tianyu had already made up his mind and was dazzled by the prospect of going public and couldn't listen to him anymore.

In this case, why is he staying here? Is he here to watch Tianyu go to destruction step by step?

Wang Xuan's departure certainly made him feel tired. Lu Tianyu's distrust also made him feel tired. But knowing that Tianyu Entertainment would be destroyed but unable to change it was what made him most tired.

Tianyu is like his child, whom he raised with his own hands. He couldn't bear to see the Tianyu he built with his own hands go to ruin, which was the real reason why he wanted to leave Tianyu.

"Okay. Director Zhu, I'll let Xu Ke take your place temporarily. You can leave after handing over the work to him."

"Can."

"As for your dry shares, I will recover them from you at the current market valuation price."

"No, I have gained a lot from Tianyu, which is enough to offset my efforts. So the shares will be transferred directly back to you, and you can do with it what you want."

"That's okay. Director Zhu, actually I can't bear to let you go. You have always made me feel at ease. So if you want to come back to Tianyu one day, you must come back. Anyway, Tianyu's door will always be open to you."

"Thank you, Mr. Lu, for your love. If there is such a day, I will consider it," Zhu Xu said.

Zhu Xu has always been very serious about his work. He likes to keep everything in order and also likes to make plans and memos, so the handover went very smoothly.

It only took three days for Zhu Xu to complete the handover with Xu Ke.

After leaving the door of Tianyu, Zhu Xu took a few steps forward, then turned around and looked back at the entire Tianyu.

do not!

Lu Tianyu told him that if he wanted to return to Tianyu one day, Tianyu's door would always be open to him. He replied at the time that if such a day came, he would consider it. But in fact, he understood that it was impossible for him to return to Tianyu.

It will never be possible to come back to Tianyu.

In a year or two, whether Tianyu will still exist or not will be a question.

In short, bless Tianyu!

I hope his expectation will not happen. Although he left Tianyu, he still hopes that Tianyu will get better and better.
Chapter completed!