radiothebook Chapter 296 Listing Plan
Chapter 296 Listing Plan
As soon as he came out of the China Film Group, Zhao Qi couldn't help but ask.
"Mr. Fu, are you really ready to launch the IPO plans for Nebula Video and Star Dream Digital Entertainment?"
"I had that idea, but now that I think about it, Morning Light Artist Management Company should be able to do it faster than those two."
Go back and have a meeting.
"clear."
The three of them quickly got into a car and returned to the company.
Upon returning to the company, Zhao Qi immediately summoned the senior executives to the rooftop conference room.
Apart from Liu Siyuan, Lin Tingfeng, and Qi Yuan who was on a business trip, everyone else came.
Upon seeing Fu Yibai already seated in the conference room, everyone greeted him.
"Mr. Fu."
"Yes, it's here."
"Please sit down. I have something important to discuss with you."
Everyone sat down on either side of the conference table.
After everyone was seated, Fu Yibai did not rush to speak, but instead picked up his teacup and took a sip.
The meeting room was silent for a few seconds.
"I've called you here today because I have something important to announce."
Everyone sat up straight and took out their pens to take notes.
"Dawn has been around for almost six years since its founding."
Fu Yibai's voice wasn't loud, but it could be heard clearly in the quiet conference room.
"In the past six years, we have grown from a small production company into a comprehensive group spanning film and television, music, variety shows, games, video, technology and investment."
This speed would be considered a miracle in any industry.
He paused, his gaze sweeping over everyone present.
"But the miracle can't be sustained by me alone forever."
Zhao Qi paused slightly at the tip of his pen.
"The group is getting bigger and bigger, its business is becoming more and more complicated, and its management scope is getting longer and longer."
If this continues, decision-making efficiency will decline, career advancement opportunities for talent will narrow, and the enthusiasm of various business segments will be suppressed.
Fu Yibai put down his teacup and tapped his finger lightly on the table.
"Therefore, the Morning Light Group needs to enter a new phase."
"Going public".
Except for Zhao Qi, everyone else gasped for breath, staring at Fu Yibai with excited expressions.
"But it's not a group-wide listing."
Fu Yibai opened the notebook in front of him.
"The business structure of Morning Light Group is too complicated, with six sectors: film and television, music, games, video, technology, and investment. They have different development paces, different profit models, and different valuation logics."
Offering the entire product as a package for listing actually makes it harder to tell a compelling story.
He paused.
"Therefore, I decided to list my subsidiaries in batches."
"The first batch consists of three targets: Nebula Video, Star Dream Digital Entertainment, and Morning Light Artist Management Company."
The meeting room was so quiet you could hear your own heartbeat.
"Nebula Video, the business model of video websites has been proven successful."
I plan to list Nebula Video on the ChiNext board within two years.
Li Mingde nodded vigorously, his fingers flying across the notebook as he took notes.
"Xingmeng Digital Entertainment's game business has a clear profit model and obvious growth potential, which also meets the listing requirements of the ChiNext board."
Liu Yongqiang took a deep breath to suppress his excitement.
"Dawn Artist Management Company"
Fu Yibai's gaze fell on Lin Wei.
"This is one of our most mature business segments."
The company boasts a complete talent pool, ranging from top-tier artists to emerging stars, with income structures encompassing commercial endorsements, film and television performances, and variety show appearances.
If it goes public separately, it will be the first publicly listed artist management company in China.
Lin Wei's lips moved as if she wanted to say something, but Fu Yibai didn't give her the chance.
Don't be too happy yet.
His tone became serious.
"Going public is not the end, but a new beginning."
Going public signifies standardization and transparency, and it means transforming from a private enterprise into a public company.
Financial matters must withstand audits, management must withstand oversight, and every decision must be made in a way that is accountable to shareholders.
This is not an easy task.
Everyone nodded vigorously.
"clear."
"Good that you understand."
Fu Yibai nodded.
"There are a few things to do before the IPO. First, equity incentives."
All eyes were on him at the same time.
"The core competitiveness of Chenxi Group is its people."
It's you executives, the talented directors under our company, the box office draws, and everyone who creates value for the company.
If the profits from an IPO only end up in the pockets of shareholders and aren't distributed to those who truly create value, then the IPO is a failure.
He turned to the next page of his notebook.
"So I came up with a plan."
"At the senior management level, core executives of each subsidiary can subscribe to shares of their own company, up to a maximum of five million shares."
As a senior executive at Chenxi Media, I do not intend to take Chenxi Media public.
Therefore, executives of Morning Light Media can subscribe to any one or more of the four companies: artist management company, music production company, Galaxy Cinema, and Star Dream Animation, but the total number of shares is capped at five million.
Zhao Qi stopped writing.
Five million shares.
If the issue price is set at five yuan, that would be twenty-five million.
But given the performance of the various subsidiaries of Morningstar Group, how could the issue price be set so low?
Therefore, although Fu Yibai allowed them to subscribe to five million shares, they may not be able to subscribe to the full amount of shares.
"The heads of departments and projects under the core executives can also subscribe to shares of their respective companies."
Maximum of 50 shares.
Mid-level managers at Morning Light Media also chose to subscribe to shares in these four companies.
"There are also some grassroots technical staff whose subscription limits range from 50,000 to 100,000 shares, depending on their length of service."
The minimum required length of service is four years.
No one in the conference room expected Fu Yibai to come up with such a generous proposal.
The air seemed to freeze for a few seconds, and then a burning light ignited in everyone's eyes.