Gan Jianping: Everyone Is Ready To Go To The United States At Any Time.

Gan Jianping, one of the investors, Qiming venture partners, has said that everyone is ready to go to the us to go public, and is choosing the right time to submit the prospectus.

Van guest told reporters yesterday that there was no news on the listing of the company, and stressed that this year's key goal is to make profits in the fourth quarter.

YY success cases or motivating customers

Last November, all passengers went to the final stage of the listing process, scheduled to appear on the market in the United States on 8 February.

At that time, the news said that all customers have appointed CICC, Citigroup, Morgan Stanley and other 5 investment banks as underwriters.

On the day before the road show, "financial predators"

I said something meaningful: "from today until December 8th, you must not do anything."

Old age is good.

Subsequently, the US shares went wild, and China's concept stocks closed down in the US.

Until last month, more than YY played to the United States SE C submitted IPO applications, plans to raise $100 million, big Moore, Deutsche Bank, Citigroup as Y Y listed main underwriter, the stock market in the United States to show signs of warming.

Gan Jianping, a venture capital investor, has revealed that the company is ready.

Ready to go on the market, we are choosing the time to submit the prospectus.

Gan Jianping believes that if YY can successfully complete the stock raising in the US stock market, customers can start the listing process.

It is also said that the financial indicators of all customers have been pferred to a better state and will be profitable in the next few months.

"In November last year, we did some related preparations for IPO, but the environment was so bad that the boss met Soros and voluntarily gave up IPO after the exchange.

If we rush to sprint, investors' interests will not be guaranteed. "

Van guest said, but has not received the latest news about the restart of the listing.

"Bleeding" listing is not cost-effective.

Over the past 4 years, 3 people, such as Chen and Lei Jun, have invested 7 million yuan in July 2007, attracting 6 rounds and a total investment of up to US $422 million. Investors include ID G, LIAN strategic source, Softbank Sai Fu, Qiming venture capital, Tiger Fund, CITIC industry fund, Jiali group and Temasek.

Partners with investment funds said that the YY plate was smaller and the capital market would buy, but all customers had had 6 rounds of financing before, and the sixth round of financing was worth 230 million US dollars, valued at $3 billion.

"Now IPO, the valuation of the capital market is only 1 billion dollars.

If we go public, everyone will be bleeding. "

The fund partners said that the valuation of IPO would reach $4 billion 500 million, otherwise the sixth round investors would lose.

But if it is a valuation of 4 billion 500 million dollars, there is no way for investment banks to underwrite at present.

Chen Shou, an analyst with Analysys International, also said that the valuation of electric business enterprises is obviously lower than that of previous years, and the vested interests of investors have been constantly diluted. At present, the overall market is not optimistic.

Unless customers encounter a very large capital bottleneck, they generally do not choose to go public at this time.

Can profitability be achieved in the fourth quarter?

Van guest said that the company's main goal this year is to expect profits in the fourth quarter.

The IPO documents released by all customers last year showed that in the 2011 fiscal year (July 2010 to June 2011), the sales revenue of all customers during the current fiscal year was 1 billion 937 million yuan, an increase of 300% over the 472 million yuan in 2010, but its net loss also increased from 68 million yuan to 486 million yuan, an increase of 600%.

According to the total number of 17 million 976 thousand orders, the price per customer is 108 yuan, and the loss per order is 27 yuan.

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In addition to the keyword "profit", since last year, all customers have focused on the "adjustment" of two words, including the division of the division, product line carding, intensive farming.

In June of this year, the company established 6 companies, 6 small businesses, 12 business units and 19 product lines.

Not long ago, it was adjusted to 11 business units.

For example, before a person is responsible for knitted sweater and responsible.

Now it is subdivided by different personnel.

On the one hand, the adjustment of the Division has improved the operation efficiency of the company, and at the same time allows Chen to understand the operation of the company more directly.

Chen said frankly that everyone had done a lot of wrong things before, so "had to do something right to repay debts".

Last year until now, the number of SK U (single product category) has been reduced by half to 60 thousand.

At the same time, all customers are joining up.

At the end of last month, all customers formally announced their presence in suning.com.

Li Bin, executive vice president of suning.com, also revealed that suning.com will cooperate with customers in terms of services, management, marketing, and integration of logistics resources.