Daily topic where to go to the United States PO is really a loss listed

A5 (www.admin5.com) station network October 15th news, October 1st where to go to the United States Securities and Exchange Commission submitted the prospectus, where to be listed on the New York stock exchange, under the symbol "QUNR", the maximum amount of financing does not exceed $125 million. However, where IPO plans to be questioned by the industry as a cumulative loss of up to 150 million yuan, or even to borrow from Baidu. Where to say, is currently silent period, do not respond.


in accordance with the U.S. listing process, where to submit IPO, such as the U.S. Securities and Futures Commission audit no problem, the fastest will be 21 days after the start of public roadshow. Although where the disclosure of the past three years net profit loss, the powerhouse consulting CEO Wei Changren think where approved the listing is not a problem, it is defect of the mobile terminal is in doubt that its future profit model. Where to hold the size of the ban on the stock of non lifting of the ban only half a year, but also to the outside world where the management is not optimistic about the market outlook and eager to cash.

where the prospectus revealed that the main source of the main income to service performance in 2012 revenue paid services, for example, the total revenue of 501 million 700 thousand yuan, which is derived from the payment service according to the performance of the revenues of 422 million yuan, from display advertising revenue of 47 million yuan, from the other service revenue was 32 million 800 thousand yuan. This revenue model has not yet converted into profit. Over the past three years, despite the rapid growth in revenue where to go, still can not get rid of the shadow of loss. Where to lose $91 million in 2012. In 2011 and in 2010 revenues were 262 million 400 thousand yuan and $123 million 900 thousand, a loss of $46 million, $4 million 400 thousand.


for the cumulative loss of 150 million yuan, sources pointed out, mainly to employees the option costs incurred, in accordance with U.S. GAAP, the cost of option as the current cost accounted for the cost of not operating losses. Because the exercise price of only $0.01, a nominal fee, resulting in the book a lot of expenditure. Baidu where to go as a major shareholder, do not want to go where too many options, but employees need to motivate, so where to put the option price down to protect the enthusiasm of employees. "From the point of view of accounting, the option and the cost, the borrower is borrowing costs, the lender is a reduction in bank deposits. In accordance with the United States today’s financial valuation model, the formation of the option fee, included in the income statement, so where the loss is relatively large, the loss of the main part of the composition of the option fee. 2011, 2012 and the first half of this year, and a half of the total cost of RMB 75 million options."

is currently unable to guess, but there is a consideration for the approach is that if the management of the company’s prospects, will be willing to hold shares of the company, on the other hand, it would go up faster. A >