The Largest Financing Round

So, after the group's restructuring, going public was also put on the agenda.

Khovchenko personally introduced the listing plan.

"The group plans to issue 200 million new shares for an IPO financing round. After the new issuance, the company will have a total of one billion shares, with the existing shareholders collectively holding 800 million shares in proportion to their current stakes. According to BlackRock's professional assessment, our company's valuation should reach around 60 billion US dollars..."

Originally, Wang Ye held 35% of the group's shares, Khovchenko held 25%, Gazprom Industrial Group held 20%, BlackRock held 10%, and Allianz and CICC each held 5%.

But if the IPO went smoothly, the shareholders' stakes would be diluted by the newly issued shares.

In other words, everyone's ownership percentage would simply be multiplied by 0.8.

That would leave Wang Ye with 26%, Khovchenko with 20%, Gazprom Industrial Group with 16%, BlackRock with 8%, and Allianz and CICC with 4% each.

At a valuation of 60 billion US dollars, the 200 million newly issued shares could raise 12 billion US dollars!

That was an enormous sum.

But in truth, if the current situation had not been so complicated, neither Khovchenko nor Wang Ye would have wanted to take the group public.

How nice it was to quietly make a fortune. As long as the shareholders had no issues, outsiders would find it difficult to learn about the group's internal affairs. Once it went public, details such as revenue and profits would become highly transparent.

However, after weighing the pros and cons, Khovchenko still decided to list the company, and Wang Ye agreed.

Because it could also be considered another layer of protection.

A valuation of 60 billion US dollars was not particularly high for Yukos Group, to be honest.

But there was no