On May 10, ZEEKR successfully landed on the NASDAQ.
Li Shufule blossomed, and with the listing of ZEEKR, the number of listed companies under Li Shufu reached 9. As far as the automotive industry is concerned, Li Shufu's Geely empire is the largest in China, and Wang Chuanfu cannot shake it.
Equity mergers and acquisitions created Geely empire and completed technology accumulation
In addition to the Geely that you see every day, the Geely empire also includes many high-end models. Most of these high-end brands are acquired in the form of equity investment.
One of the most successful and enjoyable is Geely's acquisition of Volvo.
At that time, affected by the financial crisis, Volvo became insolvent and its funds were broken, and Geely completed 100% control of Volvo with $1.8 billion plus $900 million in working capital.
By 2021, Volvo was officially launched in Europe, and its market capitalization reached $18 billion. Compared with the cost of Geely's acquisition of Volvo at that time, it directly increased by 10 times, and Geely became an absolute winner.
Through equity investment, not only the high-end brand will be in the bag, but also can be shared and accumulated in technology, and learn from management experience.
"Take-it-or-leave-it" is not a compliment, but for Geely's merger and acquisition, it might as well be praised.
Through the "take-it-or-leave-it" doctrine, Geely has also achieved the accumulation of technology in the era of fuel vehicles, and has the ability to confront traditional fuel vehicle powers. It can even be said that Geely has achieved corner overtaking in the era of fuel vehicles through mergers and acquisitions.
In the era of fuel vehicles, BYD was in a mess, but Geely Group did blossom more; Nowadays, the new energy track is hot, and Geely's new energy vehicles are not far behind in front of BYD.
ZEEKR landed in the capital market, and it will be a success
This time, ZEEKR landed in the capital market and continued to expand the territory of Li Shufu's Geely empire.
The so-called success of ten thousand bones, Li Shufu has succeeded, and he has indeed paid a lot of price, which is the previous investors and some employees.
According to the issue price of $21 per ADS, the latest valuation of ZEEKR is only $5.13 billion, which is less than 40% of the valuation at the time of the A round of financing.
This loss ratio is worse than a break.
Compared with investors, employees who participate in ZEEKR's employee equity incentive plan have suffered more serious losses.
According to Internet circulation, the price of ZEEKR's equity incentive to employees was valued at RMB 100 (before tax) for one ordinary share.
Zeekr is listed on the New York Stock Exchange, and each ADS corresponds to 10 ordinary shares, and at $21 per ADS, the share price of 1 common share is equal to $2.1, which is only 15.17 yuan.
It is equivalent to the stock that the employee spends 1 million to buy (or it may be converted into a stock salary), and there is only 150,000 yuan left when it is listed, which is directly discounted by 1.5 yuan!
I wanted to hitchhike, but who ever wanted to be hitchhiked by someone else.
Employees and institutional investors, became the price.
But everyone needs to be responsible for their own investment behavior, and there is no such thing as a profitable business.
The listing of ZEEKR with disease reflects the hidden worries of the new energy vehicle market
According to public information, ZEEKR Automobile's revenue has increased in recent years, but its losses have also continued to expand.
went public with illness, and as a result, the valuation was greatly reduced, but it could not stop Li Shufu's decision to go public.
This reveals Geely's attitude towards the ZEEKR brand and the hidden concerns of China's new energy vehicle market.
Perhaps, in the next two or three years, the new energy vehicle market will be a chicken feather.
The new energy reshuffle has begun, Weimar, Gaohe, Evergrande Automobile, etc. have already laid down first, and Xiaopeng and Weiwei, the new forces of car manufacturing, are watching the excitement, which is actually worrying.
has not been profitable for a long time, no matter how good the products of Xiaopeng and Weilai are, when the capital chain is broken, it will be the day of bankruptcy.
Especially when going to sea is blocked by suppression, the domestic market will inevitably be more involuted, and at that time, whoever loses the most will be more dangerous.
Li Shufu put Zeekr, a brand that is still losing money, on the market, perhaps because he saw the bloody wind of the new energy vehicle market in the next few years, and it was also one of his intentions to sell this "potato".
With the listing of Zeekr, its finances will be more independent, in other words, Zeekr will receive less financial support from Geely Group.
In the future, I will rely on Krypton to go by itself.