at the end of March 2011, the Qihoo’s successful listing, brought more confidence to the thunder. However, a series of negative events in the capital market followed by the unexpected.
oral | thunder co-founder, CEO Zou Shenglong, | Hao
recent rumors about the thunder more, and later sold to sh419, sold 360 for a while. I think this rumor is more like entertainment, after their two battles, the media has nothing to watch, and by the way we are involved.
Longtop financial scandal erupted, Alipay VIE event triggered the credit crisis, the largest IPO year has shrunk dramatically to 60%, investors suffered huge losses, the capital market began to enter the winter! We were in Hongkong to hold about 3 weeks, just want to see if the market can not be done, considering for a long time, have to bite the bullet but, to the United States after the situation much worse than we thought.
in fact, acquisitions or mergers are unlikely to happen at the moment.
by the end of 2010, the thunder began to consider starting IPO. February 2011, the thunder in the pre roadshow obtained $1 billion 500 million ~20 billion valuation. With confidence in the capital market, the thunder embarked on the NASDAQ IPO road.
TechWeb News reported in March 9th, the founder Lei Jun millet technology problems on College Students’ Entrepreneurship said, because young people have ideas, have a dream, no thought of any constraints, it is easy to make some new cut big things, but do not recommend students to borrow money to start, because the entrepreneurial failure rate is very high. Lei Jun suggested that college students take the entrepreneurial process as experience and learning process.
although it is impossible to give up the traditional Internet business, but starting this year, the thunder really made up his mind to fight in the traditional and mobile Internet two lines.
Lei Jun: it is not recommended for college students to borrow money to start a business because the failure rate is very high,
restore IPO experience
again, it’s only when you’re going downhill that the company is likely to consider getting someone to pick up the set, but that’s not the case. Now, the income of the thunder is still doubling the growth rate, earnings are still rising, why should we sell
secondly, the company today’s value, if you want to buy a premium thunder, cash operations need $2 billion ~30 billion, the industry can not afford to buy a few.
first of all, I and Cheng Hao Note: Thunder co-founder themselves are very important investors, the company has absolute control, as long as we do not want to sell, who has no way.
I think in Wall Street, $1 billion is a watershed. IPO can’t be 1 billion. It’s a small company. At that time, the whole market was sliding, and then fell to 5 hundred million, fast >
before we have adjusted the mentality valuation from 1 billion 500 million ~20 million to 10~15 million, we can accept is 1 billion 200 million, is in the original valuation basis can be reduced by 25%, but still does not work, they had to adjust, and finally locked in 700 million. This is their bottom line before the cut, we simply can not accept the cancellation of the IPO.
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