In the end, Pinduoduo's A-round financing released 5% of its shares and raised more than 1.2 billion.
Its market value had also directly reached 25.1 billion!
It could be said that this was another business milestone.
At Pinduoduo's current rate of development,
it was not impossible for it to skip B-round financing entirely and go straight to an IPO.
However, Xiao Bei definitely would not take the company public so soon.
At the very least, Xiao Bei would not take such a risk without making absolutely thorough preparations.
Although he was not short of money, that did not mean he was an idiot.
Finally, witnessed by everyone present, Sequoia, Goldman Sachs, Hillhouse, Xingchen, and Pinduoduo signed the equity financing agreement.
The funds from each party would be transferred into Pinduoduo's corporate account over the following week.
With the equity financing agreement signed, Pinduoduo's A-round financing had officially come to an end.
After the equity financing agreement was signed,
Wang Wei led everyone out of the conference room.
The moment they left the conference room
and arrived at the lobby, they saw a six-tier cake and a pyramid of stacked champagne glasses.
At that moment, Xiao Bei took the champagne handed over by his secretary.
Looking at the venture capitalists and employees present,
he said with a smile:
"I hereby announce that Pinduoduo's A-round financing has officially concluded. Our market value is 25.1 billion, and we raised 1.2 billion in our A round! Let's celebrate together!"
As soon as Xiao Bei finished speaking, the employees present erupted.
They knew the valuation for this round of financing would not be low, but they had never expected it to be this high.
"Holy crap, a 25.1 billion market value in the A round! What kind of godly company did I join?!"
"Hahaha, Pinduoduo