The business car is running on Highway 5 from San Francisco to Los Angeles, and the scenery on both sides passes by.

Li Rui watched many highway films in Magnesium Country in his previous life, and often marveled at the magnificent scenery in the film. At this time, he felt the charm of the highway, but he was sleepy in just a short while.

Sure enough, there are a lot of things that just look beautiful.

Li Rui yawned and turned to Fu Shande and said, "Old Fu, I need your help if you have something."

Fu Shande's eyes immediately widened, flickering like two big light bulbs, and said happily: "What are you polite, brothers? If you have something to do, please speak!"

Every time Li Rui asks him for help, he will give him money, and of course he is happy.

Li Rui said: "Do you know the spac?"

Fu Shande was confused: "What's that?"

Li Rui said: "It is the abbreviation of pany, which means a special purpose acquisition company. It usually uses a shell company IPO to raise funds, and then acquires target companies with actual business to go public."

Fu Shande slapped his head and said, "What you are talking about is the blank check merger company (pany) in the past? I met someone when I first came to Magnesium and cheated a lot of money. You don't want to cheat Magnesium and people.

Money?"

Li Rui was amused and crying: "Where do you want to go? Do you still need to cheat the money of magnesium people? Is it okay to make money openly?"

Fu Shande thought about it right. With Li Rui's intelligence and wealth, he really had no need to cheat money anymore.

But he really doesn't understand what this spac is.

Li Rui could only explain to him.

SPA is generally a special purpose company established by a private equity investment experience or entrepreneurial tycoon as the initiator. This kind of company only has cash and no other substantial business or assets, but as a special form, it can be raised through IPO and listed.

After the SPA is listed, it is necessary to find a good acquisition target within two years, so that the target company can go public through backdoor without using traditional IPOS.

There are two benefits of this model.

On the one hand, for the target company, there are many uncertainties in traditional iPo. Under the SPA model, the target company's valuation pricing is determined by the merger parties. The success rate of listing is high and the time is short, which is for many reasons because of the performance not meeting the standards.

Or for companies that have "historical problems" and cannot directly submit an IPO application to go public, this is a simpler and labor-saving shortcut.

On the other hand, for ordinary investors, participating in the SPACE IPO is to some extent equivalent to a guaranteed investment. After choosing the SPACE promoter, investors can choose to agree or object when the management team determines the acquisition target.

The person can continue to serve as a shareholder of the merged company, and the opponent can recover the principal and withdraw.

I have to say that when it comes to financial means, Chinese people can play it, and this kind of capital game can also be invented, which made Li Rui very much admire.

Now, this model has been learned from Li Rui and is preparing to show off his skills in Silicon Valley.

Li Rui still remembers that the SAC model suddenly became popular in the next few years. Due to the economic stimulus policy of the magnesium country, the supply of financial expansion funds is oversupply, sufficient funds urgently need to find investment targets, and the high fluctuations in the capital market have increased the difficulty of IPO, which has increased

The focus of the spac mechanism has increased from double-digit numbers in the US stock market to hundreds of companies in the past year. By 2020, the total financing amount of spac reached more than 80 billion magnesium.

Of course, Li Rui has to get involved in such a good business. It would not be too much to charge some handling fees while making money for investors in Magnesium.

After listening to Li Rui's explanation, Fu Shande said with some surprise: "I heard what you said, this thing is really a big deal. This model has both liquidity, low risk, and great rewards, which is interesting."

Li Rui nodded and said, "Spac has opened up various investor channels, which is equivalent to the public fundraising of PE funds. I think it will be a mainstream financial investment product in the future."

Fu Shande said: "The only thing is that when investing, I don't know what the acquisition company is, I can only look at the reputation and reputation of the initiator. If it was initiated by Bill Gates, there would definitely be countless people who broke the head and followed the investment, but if it was

If you initiate it, I know and believe in you. No one in Magnesium knows you."

Li Rui nodded and said, "Spac does need a big boss initiator, at least a well-known person, so I also need someone who can stand in front of me instead of me. This person may not necessarily be an investment boss, but he must be famous.

, and most importantly, it is easy to manipulate.”

Fu Shande said: "I understand...but this person is not easy to find, so you have to give me some time."

Fu Shande started sending text messages, while Li Rui closed his eyes and rested.

For him, SAC is only part of the expansion method, and he has another plan, which is to also set up an incubator in Silicon Valley.

Isn’t it a pleasure to use an incubator to cultivate potential startups with potential, and to acquire startup companies through spac on the right hand to create a perfect closed loop of self-investment?

As for the regulation of SEC... Li Rui invested in Lao Tang and Underwood, isn't it just for this?

Anyway, the visa officer of Magnesium Country stamped Li Rui’s visa to the moment he was allowed to come to Magnesium Country, the country was in trouble!

It took more than 600 kilometers from San Francisco to Los Angeles, and under the driving of a professional driver in Magnesium, it only took six or seven hours to enter downtown Los Angeles.

Yu Na booked the Hilton Hotel in Beverly Hills early. Beverly Hills is a name that often appears on entertainment news. It is also a famous city in Los Angeles. It is known as the most noble residential area in the world and is a wealth.

and a symbol of fame and fortune.

What Beverly is best known for its close connection with Hollywood. Not only is the Hollywood Sunset Avenue directly connected to Beverly Hills, many Hollywood stars also buy houses here, which is brilliant.

Due to its close relationship with Hollywood, this place has become a must-see attraction for tourists after coming to Los Angeles. Every day, tourists from all over the world hang out on the streets of Beverly, hoping to see the true appearance of the stars while visiting.

Located at 9876 Wilsher Street, Hilton is a four-star hotel with a quick walk to Beverly Hills' famous shopping street Rodeo Avenue, and is also very close to Santa Monica Beach and Venice Beach.

close.

If you want to watch Kobe's games at Staples Center or Van Gogh's "Iris" at Getty Art Center, this is also an excellent place to stay.
Chapter completed!