US Group Review Financing $2 Billion 800 Million Is Expected To Start Listing Process In 2-3 Years.

The financing of the US group review has come to an end.

A document received recently showed that

After the merger, the new company is named CIP (China Internet Plus Holding Ltd), with an overall valuation of $15 billion.

US group review is to be issued through B class preferred stock.

3 billion US dollars, accounting for 16.67% of total capital stock after financing, is estimated to be $18 billion after financing.

By the middle of December this year, the US group has completed its $2 billion 800 million financing.

The US group commented on the $2 billion 800 million financing, including the domestic one.

The giant invested $1 billion, and DST invested 350 million dollars, Sequoia capital invested 150 million dollars, CICC and today's capital invested 1 billion 300 million dollars.

According to people familiar with the matter, the US group review continues to finance, and the final amount of financing will exceed US $3 billion.

The document shows that after the merger of the US group, the new company is the largest O2O life service platform in China, with a market share of over 80%. The total paction volume (GMV) is expected to be 184 billion 800 million yuan in 2015, and is expected to exceed $100 billion in 2019.

US group review will operate independently within one year, and business will not merge into operation. There will be some synergy only on subsidies.

But in the future, the business focus of public comment is low frequency and high priced unit price business, such as wedding, exhibition, etc., no longer participate in the price war and subsidy war in the field of high frequency and low unit price.

On the contrary, the US mission will be responsible for high-frequency services such as catering.

US group review expects that the company will start listing procedures in the next 2-3 years, and investors can exit through the listing of the company.

The US group's comments and new investors signed a bet agreement that the company issued the B class preferred stock and had the prior right of repayment compared with the preferred shares issued before.

If IPO withdraws, the stock issuing price is less than 1.2 times the price of the B class preferred stock purchased by this round of financing, then it can exercise the stock option to supplement the remaining part of the B class preferred stock investors less than 1.2 times the return on investment, so that 20% of the investment income can be guaranteed.

If the US group comments on liquidation or merger, B class preferred stock investors will give priority to 1.2 times the amount of investment.

In addition, the agreement stipulates that the IPO party with an estimated value of over $20 billion after financing will be an effective IPO, and the preferred shares will automatically be converted into ordinary shares.

The US group's comment is mainly to prevent the interests of investors who can not enter the market from being protected.

Prior to that, the experience of Square threw cold water on the US group's comment financing. Investors once valued Square for $6 billion, but the market value of Square was only $4 billion.

The US group's comments also indirectly inhibit the sale of old shares by Ali.

Recently, Ali and the US delegation have been tense.

Rumor has it that Ali is peddling the holding of the US group's comment shares, but some of the shares of Ali do not enjoy the protection of the terms mentioned above.

It is reported that the US group comment CEO Wang Xing recently said in Wuzhen that although the US group's comment financing has been subject to some interference, it is still very smooth and is expected to release financing news soon.

Wang Xing also said that he had not heard of the official news of Ali selling the old stock of the US regiment for the time being.