Just now, Li Shufu got another IPO

This number is far exceeding the valuation before listing, and it is still the same brothers "polar" more than three times .

In terms of longer sense, it has also boosted the capitals confidence in the automotive industry. At present, the emerging car companies are not in good situations in U.S. stocks. After Rivian and Lucid released their financial reports on Thursday, the stock priceThere have been plummets. The opening of the goalkeeper of Luters has made the market look forward to the transformation of high -end supercars.

Of course, the happiest is Li Shufu.It is also more complete.

01

Li Shufus 8th ipo

Locals listing road, familiar and twists and turns.

At the beginning of last year, LCAA, LCAA, and special purpose acquisition company, announced that the final event was reached and the final event was achieved.The merger and acquisition agreement is expected to be merged in the second half of the year, but Lotus Technology has not been listed as scheduled.

In early February this year, the LCAAs shareholders meeting approved the Lotus Technology to propose SPAC proposals to propose SPAC.After the merger, the entity valuation reached 5.4 billion US dollars after the merger. After the SPAC merger, Geely and other owners are expected to retain 89.7%of the equity of Luther Technology.Since the transaction was announced, Lotus Technology has obtained a financing commitment of global investors, existing shareholders and strategic partners through public equity private equity investment ("PIPE") and convertible bonds.This is one of the largest -scale financing obtained by the companys related transactions since 2023.

The LCAA participating in this time is a special purpose acquisition company (SPAC) listed on the Nasdaq. It was established in 2016 1On the month, it belongs to L Catterton, a private equity investment company of consumer goods.

L Catterton is the worlds largest private equity investment institution that focuses on the consumer industry. It currently controls the size of assets of US $ 33 billion, about RMB 240 billion.It was founded by the family holding company of private equity company Catterton, Luxury Brand Group LVMH, and Bernard ARNAULT Group.

and Spac are regarded as a hot listing mechanism in the US market in recent years.

SPAC is different from the shells of buying shells in the domestic capital market in the past, but listed on the shell.In popular terms, the traditional IPO is "finding money to find money", and Spac is "collecting money and collecting projects" .

The process of spac is the organizer to create a shell, then raise investors to form a "shell" with only cash, and then promote this "shell", that is, SPAC is listed first.Because it is all cash, it is relatively easy to go on the market.

Then acquire a target company to install high -quality assets in a certain period of time, thereby achieving "cash shell companies" and "actual target companies operating" form= 2 of the merger statement, and then become a brand new listed company.

The process is fast, the listing audit is easy, and the success rate of success is high, so that many quasi-demand for funds has tasted the sweetness.Several IPOs are also related to Spac.

In June last year, Yicong Technology, a subsidiary of Geely Holdings, completed the merger transaction with special purpose acquisition of COVA Acquisition Corp. and listed on Nasdaq.

In June 2022, Jixing landed in Nasdaq after the special purpose acquisition company (Spac) Gugggenheim announced the completion of the companys merger.Coupled with Geely Motors, Volvo, Qianjiang Motorcycle, Hanma Technology, and Lifan Technology, which have been listed before.

In recent years, Li Shufu spin -off subsidiaries on the market "addiction". From the level of completing the IPO listing process, Lotus is already the "comfort brother" The 8th IPO .

It is worth mentioning that three months ago, Jiwang Automobile also officially submitted the F-1 (non-American companys prospectus) document to the US Securities and Exchange Commission."ZK" is the stock code to be listed on the New York Stock Exchange. Ji Yan also announced the completion of the A round of financing, with a valuation of about $ 13 billion.

Now Tesla has successfully landed in the capital market, and it is not far away.

02

From legend to inheritance

Luttes is a polarized car brand in the history of the British automotive industry. As a legendary brand of 7 win F1 team champion , although it was born in a small workshop, it has it to have a small workshop, but it has its own workshop, but it has its own workshop, but it has its own workshop, but it has its own workshop.The history of racing as a brilliant car as Ferrari.

Luther can be traced back to 1948, and Head, headquartered in Norfuk County, UK, when he was only 20 years old a year old.The British college student named Collin Chapman decided to modify an old Osin 7 car.His modification tool is an electric drill, and his modification venue is the backyard of his girlfriends house.

In this way, the worlds first "Lotus" - Lotus Mark 1 was born based on a modification of an old Osin 7.

In 1952, Chapman officially founded the racing manufacturing company, Luters Machinery Engineering Company.Later, Lotus continued to improve and update the design of the car, and set up a fleet for the first time in 1958 to participate in the F1 competition.

The enthusiasm for the car also led Chapman to lead Lotus to create one glory after another. From 1963 to 1978, he won a total of seven F1 team championships.At one time with Ferrari and Porsche.

But a company cannot survive by racing alone. If you want to make money, you must produce mass production of civilian cars.

Although Lotus has also launched several civilian models, including Elite, ELEN, EUROPA, ESPRIT and other classic models, it has also implemented its own track spirit -The driving experience is very good, but the reliability is poor, which leads to a small sales volume. Coupled with the expensive production cost, the Lotus factory has been carrying tremendous financial pressure.

In 1978, Lotus fell into a financial crisis, and Colin Chapman had to sell it to the British car giant Hordi Hidley for reorganization.Unfortunately, in 1982, Colin Chapman died unfortunately, which was tantamount to devastating blows for Luther, and then ushered in more than 40 years of loss .

While losing money, it also opened up the ups and downs of the master."Selling" to Toyota, GM, and the Italian businessman Romano Artioli, and Baoto of Toyota, GM, and Bugatti.

Until 2017, Geely Holding Group acquired 49.9%equity of Baoto Motors, and acquired 51%of the equity of Luxury sports car brand Luxerz brand Luters at 51 million pounds (about 450 million yuan).EssenceAfter many times, Lutez went around and was eventually included in Geely .

In August 2021, the Lands Group announced the establishment of Lurters Technology and settled the Global Headquarters in the Wuhan Economic and Technological Development Zone to fully transform electrification.

But this super luxury brand that already has 76 years In the past two years of Chinas hot new smart car circuit, Lutters has not handled a satisfactory answer in the Chinese market.

According to the prospectus submitted before, in the first half of 2021, 2022, and 2023, the net loss of Lutes Technology was 111 million US dollars, $ 725 million, and $ 353 million, Cumulative losses of 1.188 billion US dollars, about 8.542 billion yuan.

For the current Lotus, it is undoubtedly a good thing to log in to US stocks."New forces".

This is why Luther actively entered the capital market - Get enough funds through external financing The car brand "Blood Sea" competition provides guarantees. The IPO is a rare opportunity for the current brand transformation and Lotus.