Life in the world of film and television

Chapter 31: $30 Million Valuation

After a few days, Li Mu and Wu Fei finally chose their target.

In the core area of ​​Taihu Lake Scenic Area in Sioux City, the top villas built by a well-known domestic real estate company, whether it is the environment, supporting facilities, or the villa itself, all meet his requirements.

In the end, Li Mu spent 500 million yuan to acquire this single-family villa of [-] square meters with beautiful scenery and mountains and rivers.

Just as he was busy with the formalities and decoration of the villa, he didn't think that an investment institution in the US offered Olkus a high valuation that was hard to refuse, so he had to interrupt his trip in Sioux City and return to the US immediately.

Wu Fei can only be responsible for the affairs of Sucheng and the decoration of the villa. She is very interested and very happy.

……

Li Mu is very familiar with the investment institution that gave Olkus an extremely high valuation this time. It was Goldman Sachs, which he entrusted to invest and acquire Olkus' equity a few months ago.

During this period of time, the concept of metaverse has become more and more popular, and VR virtual reality technology has become more and more sought after by capital.

It's just that this type of company and technology cannot be formed in a short period of time. There are not many truly high-quality ones, and Olkus is one of them.

Other companies quickly finalized the financing, but Olkus has been delaying.

Goldman Sachs understood Olkus' situation and strength, and in order to seize the opportunity, he cut through the mess quickly and directly offered a high valuation that could not be rejected.

Li Mu considered this matter and accepted it.

On the one hand, the valuation is high enough. The resources and influence provided by Goldman Sachs itself can also make Olkus develop more smoothly.

On the third day after Li Mu returned to the United States, the two parties formally signed a financing agreement.

At a valuation of US$30 billion, Olkus took out 20% of the equity and raised US$[-] million, which was invested by three institutions including Goldman Sachs.

Among them, Goldman Sachs led the investment of 5 million US dollars, and the remaining two institutions invested 5000 million US dollars each.

After this round of financing, the equity structure of Olkus is as follows.

Li Mu's shares have been diluted to 58%, and he is still the largest shareholder of Olkus, holding a controlling stake.

With an 18.3 percent stake, Goldman Sachs is Olkus' second-largest shareholder.

With 14% of the diluted equity of the founder team, it is the third largest shareholder.

The rest are minority shareholders who account for less than 5% of the shares.

……

After the financing, Olkus had $6 million in cash in his account, and his development immediately entered the fast lane.

Not only will the U.S. headquarters expand, but regional headquarters and R&D centers around the world will also begin to be established.

Liu Qing was officially appointed as Vice President and Marketing Director of the Greater China Region, responsible for building a domestic team and sales system.

In addition, a research and development center will be set up in Sioux City to better localize Olkus.

……

Li Mu has been busy with the company's affairs during this time, and he doesn't care much about the country. He suddenly received a call from Zhu Li this day.

"Brother, I'm sorry to bother you."

"Oh, Julie, it's all right. I've been busy with work during this time, and I forgot to care about your situation. How are you doing now?"

Zhu Li hurriedly said: "Very good, brother, my life here is very good."

Li Mu said: "Well, then I'm relieved. What's the matter with you?"

Zhu Li said: "Brother, Mingcheng borrowed 100 million investment from you, and the recovered money has not been repaid because of compensation."

"Now that you have plenty of money, you can send me your account number, and I will transfer 100 million to you."

Li Mu was stunned for a moment: "Julie, you and Mingcheng probably don't have much savings, right?"

Zhu Li said: "Brother, it's like this. I sold the house that He Mingcheng provided. Now the market is doing well. After refinancing, I sold it for 165 million."

"It's useless to put it in my hands, return it to the elder brother first."

Li Mu frowned: "Julie, Mingcheng is my own younger brother, and I'm not short of this little money. Why did you sell the house?"

"The house is sold, where do you live?"

Zhu Li said: "Brother, I think so."

"Mingcheng and I want to be independent after all, and we can't always rely on others. We used to gnaw at our parents, but now we can't gnaw at you, big brother."

"The house is sold, and I will live back at my mother's house, where I have always had my room."

"After Mingcheng comes out, let's work together to provide another house to put some pressure on Mingcheng so that he won't relax."

Li Mu sighed: "I, the big brother, promised Mingcheng to take care of you more, now..."

Zhu Li said: "Brother, my personality is just like this, so you can accept it."

"If you encounter difficulties, I will definitely trouble you."

Li Mu persuaded her a few more words, Zhu Li's attitude was very firm, this kind of personality made him appreciate it, Mingcheng married a good wife.

In the end, Li Mu compromised.

"Well, Julie, it is Mingcheng's blessing to marry you."

……

After sending the account number, Li Mu thought about it, such a well-informed and reasonable person can't just let it go, he still needs to help.

However, a different approach is required.

In the situation of Mingcheng's family, it is better for women to be strong and men to be weak. With Zhu Li teaching Mingcheng, he will not go astray when he comes out in the future.

He thought for a while, made a phone call, and soon the information of Zhengcheng Accounting Firm, where Zhu Li worked, was sent over.

Zhengcheng Accounting Firm has a good scale and is one of the largest accounting firms in Sioux City. The market valuation is around 1.5 million RMB.

Li Mu thought about it quietly for a while, picked up the phone again, and contacted an alumnus who worked in CITIC.

Professional matters have been entrusted to professional people, and this kind of small equity acquisition case should be entrusted to CITIC.

……

One month later, Li Mu spent 3500 million yuan, and 21% of the shares of Zhengcheng Accounting Firm, where Zhu Li works, came into his hands, making him the third largest shareholder.

Another pass, and then...

At Zhengcheng Accounting Firm, Zhu Li feels that the atmosphere in the firm is a bit weird today. The big boss of the firm, which has always been mysterious, also rushed here just now.

At this time, someone suddenly informed everyone to go to the meeting room, and the big boss had something important to announce.

When she arrived at the conference room, Zhu Li was stunned. The big boss announced in public that she was officially promoted to be a partner of Zhengcheng Accounting Firm.

Not only was she dumbfounded, but other people in the accounting firm were also dumbfounded. Partners can be said to be the highest level of the entire accounting firm and the core of the firm.

Not to mention Julie, those who are more experienced, capable, and more credited than her are still not qualified to be promoted to partners, and she was promoted.

There are nearly 6 people in Zhengcheng Accounting Firm, and so far there are only [-] partners, each of whom is a unique figure.

However, with the addition of Julie, it has become seven.

Not only others were puzzled, but Zhu Li was also puzzled, how could she be promoted to partner.

According to her imagination, if everything goes well and she is not dismissed by the company, a person like her with no background, no resources, and no connections can be promoted to a partner before the age of 50, which is already a high profile.

But, this is just thinking about it, there are too many accountants like her, and only a few can be promoted to partners, and most of them can only spend their lives at the grassroots level.

She was promoted to partner so inexplicably.

No, she was stunned, and so were the others. If the few partners present didn't object, everyone would have thought that the big boss had gone crazy today.

Boss Zhengcheng ignored the shock below and announced another news.

"Our firm's shareholding has changed recently. A shareholder recently withdrew and changed hands. A new investor took over. He is a tech-savvy guy with great strength. As a shareholder, he is sincere to us. The development of the firm is also of great benefit.”

"These shares account for 21%, ranking us Zhengcheng's third largest shareholder, and the new investor entrusts the voting rights of these shares to Ms. Zhu Li."

"Next, we invite Ms. Zhu Li, the seventh partner of Zhengcheng Accounting Firm, to speak on stage."

As he spoke, he applauded first, followed by a round of applause in the meeting room.

(End of this chapter)