Previously, Dajiang’s financing quota was 500 million U.S. dollars and it later became 780 million to 800 million U.S. dollars. The latest plan was to raise the financing scale to 1 billion U.S. dollars and the overall valuation was 15 billion U.S. dollars. At present, nearly 100 investment institutions have been received. The sum of the deposits and bids for subscriptions, the total sum of the subscription amounts has exceeded 30 times that of the original plan. However, behind this 30-fold, they are guilty of investors.
This time, financing was seen by the outside world as a "preparatory listing" of DJI, and a combination of stocks and bonds (ie, a combination of Class D and Class B financing) was adopted. In this way, a certain amount of equity was also subscribed. A certain amount of creditor's rights is subscribed for, and the bond has no interest for 3 years overseas.
For example, if an investor promises 90 million interest-free loan financing and 10 million class B equity financing, the possibility that he will be selected by DJI is much greater than the 50 million interest-free loan financing + 50 million B shares. Financing.
For investors, let the investment institutions that want to participate in financing come up with more sincerity and are willing to invest in a proportion of D-class interest-free loan financing before they are eligible to receive B-class equity financing.
It is reported that on April 3, the first time to announce the highest D $ 500 million (the highest subscription amount of a single institution), the average D (debt) / B (share) subscription ratio is 1.29, that is, $ 10,000 B shares correspond to $ 129,000 D debt.
Why do we use 'bonds and bonds' as the financing method? According to the China Securities Journal, a document obtained by Zhongzheng Jun shows that DJI believes that the first round of bidding methods may have potential loopholes: As the information is not transparent Some investors may learn that other investors have the highest proportion of D/B subscriptions, and most investors do not know.
To repair this loophole, DJI will adjust the method in the second round of bidding.
The above information shows that the second round of bidding bidding for DJI is tentatively scheduled for a period of three weeks and ends at 5 pm on April 20th. The company will announce to investors the current bid before April 4th, 8th and 15th, 4pm. The average D/B subscription ratio with the highest D/B subscription ratio of 500 million U.S. dollars for reference.
DJI may also phase out investors whose D/B subscription ratio is at the bottom of the list every week.
In response to this issue, Sina Tech confirmed its innovation with DJI, and has not replied before the press release.