A5 (www.admin5.com) station network July 13th news on Thursday, Dangdang announced that the board of directors has received an offer of privatization from Chairman Yu Yu and CEO Li Guoqing, which means that the electronic commerce, the first overseas listing announcement on the U.S. stock market from the delisting of the road.
December 8, 2010, Dangdang code DANG listed on the NYSE, the price of $24.5, compared with the issue price of $16 rose by $53%, the highest price of $30.08, Dangdang market capitalization of more than $2 billion 300 million. Listed on the same day the price earnings ratio of more than 100 times, the highest price earnings ratio of Listed Companies in the United states. At that time, Li Guoqing stunned "we all price war competitors will take retaliatory counterattack".
internal channel display, "has undergone dramatic changes in international capital market and China capital environment, Dangdang currently in the United States market value of $more than 500 million, Dangdang does not reflect the value of the company, and the national day so I decided to let Dangdang Dangdang privatization, more focus on wireless, Internet + era, to seek further development the".
in fact, Yu Yu and Li Guoqing have been dissatisfied with Dangdang’s market value in the u.s.. Dangdang shares rose to $27 in 2010 after the listing, but in July 10th this year, Dangdang closing price of only $6.57. Dangdang CEO Li Guoqing repeatedly said that Wall Street has a misreading of Dangdang growth Dangdang shares are seriously undervalued".
Dangdang 2014 total turnover (GMV) was 14 billion 243 million yuan, an increase of 46% over the same period in 2013. Jingdong 2014 annual turnover of $260 billion 200 million, an increase of 107%. Vip.com net revenues of about 23 billion 360 million, an increase of 122.4%. Jumei.com’s total turnover of 6 billion 634 million yuan, an increase of 30.9% over last year.
to July 8th closing price of $6.51, the current total market capitalization of $557 million, less than the peak value of 2. In contrast, the United States listed in other electricity providers, Jingdong market value equivalent to 80 Dangdang, vip.com’s market value equivalent to 23 Dangdang, even last year listed jumei.com market capitalization is about 5 dangdang.
Yu Yu said that she and Li Guoqing hope, Dangdang privatization is not only the capital operation, and become an important opportunity when entering a new stage of development, "as every change for innovation and reconstruction of the opportunity, I also invite all Dangdang colleagues to utilize and develop these opportunities to Dangdang to the next stage of development".
in January of this year, Dangdang formally independent of the establishment of digital services sector, by Dangdang CEO Li Guoqing directly responsible. The business team has an independent office area to operate independently as a subsidiary. Insiders believe that Dangdang privatization or not only capital operations, does not rule out the future will split the digital business in the A shares listed independently.