Shen nanpeng strikes again!An investment of 200 times profit, one year in Meituan cash out more than 30 billion Hong Kong dollars

2022-06-14 0 By

According to the Hong Kong Stock Exchange disclosure, Sequoia Capital Shen Nanpeng continuously reduced his holdings of Meituan shares, March 31, Shen nanpeng reduced his holdings of 25.578 million shares of Meituan, at an average price of HK $153.8 per share, cash out of HK $3.934 billion.A week later, Shen reduced his holdings again. On April 6, Shen reduced his holdings of Meituan by 12.964 million shares, at HK $161.74 per share, and cashed out HK $2.097 billion.In summary, Shen nanpeng recently sold 38.542 million shares of Meituan in two large hands, and realized 6.031 billion yuan. His shareholding decreased from 4.71% to 3.98%, and he currently holds 218.78 million shares.It is worth noting that this is not the first time That Shen has reduced his holdings of Meituan. Since April last year, as The share price of Meituan continues to suffer setbacks, Shen has frantically reduced his holdings of Meituan from 397 million shares in 2020 to 219 million shares at present, a range of 45% reduction.On April 19, 2021, Shen nanpeng reduced his holdings by 850,000 shares at an average price of HK $273.8 and cashed out HK $233 million.On April 27, Shen nanpeng reduced his holdings of 475,706 shares at an average price of HK $300.3864 and cashed out HK $143 million.On May 31, Shen nanpeng reduced his holdings by 8,700 shares at an average price of HK $2,747,862 and cashed out HK $2.39 million.On July 30, Shen nanpeng reduced his holdings by 21,509 shares at an average price of 2,051,187 Hong Kong dollars (HK $44.38 million).On August 31, Shen reduced his holdings by 184,000 shares at an average price of HK $2,397,125, cashing out HK $44.11 million.On September 2, 2021, Shen nanpeng significantly reduced his holdings of 48.41 million shares to 5.82%. According to the closing price of HK $253.6, this cash out was up to HK $12.28 billion.On September 7, 2021, Shen nanpeng reduced his holdings of 1,5211,852 shares at an average price of 2,596,849 HK dollars and realized 395 million HK dollars.On September 8, Shen nanpeng reduced his holdings by 100,000 shares at an average price of HK $265 and cashed out HK $26.5 million.On October 20, Shen nanpeng significantly reduced his holdings of 24.58 million shares, but did not give the transaction price. Based on the closing price of hk $285.6 on that day, the amount of cash was estimated at HK $7.02 billion.On October 25, Shen reduced his holdings by 2,674,600 shares at an average price of 2,871,285 HK dollars, cashing out hk $768 million.Overall, in 2021, Shen nanpeng substantially cashed out more than 20 billion Hong Kong dollars.On January 20, 2022, Shen again reduced his holdings by more than 30 million shares at the closing price of HK $238. He cashed out HK $7.4 billion this time, reducing his shareholding to 4.71%.Overall, Shen will set aside about 13.4 billion Hong Kong dollars in 2021.Since 2021, they have cashed out at least 13 times, with a total amount of over 34 billion Hong Kong dollars.From the 2021 report, Shen nanpeng held 367.27 million shares, less than a year to reduce his holdings of nearly 150 million shares, more than 40%.Before the ipo, Shen held 573 million shares, accounting for 10.44% (after the completion of the global offering).Known as the “King of Venture Capital in China”, Nanpeng Shen, 54, is a non-executive director of Meituan. Appointed as a director in October 2015, he is responsible for advising on investment and business strategy, financial discipline and other matters subject to compliance with board guidelines and approval.In meituan’s first round of financing (early June 2011), Shen spent $12 million on his 22.5% stake, which was 99.48% discount to the sale price. Shen’s investment made a profit of nearly 200 times when Meituan went public.At the end of June 2011, Sequoia Capital invested in Meituan again, which was about 70 times higher than meituan’s ipo profit.In February 2015, High collar, Sequoia and other investment of $700 million, this investment float profit of about two times.Sequoia Capital has also invested several times in Dianping.Mr Shen has long considered Meituan the most important investment of his career.From April 2021 to April 2022, Shen’s shareholding decreased from 7.72% to 3.98% in one year, and he cashed out over 34 billion Hong Kong dollars, which can be said to be full of profits.Over time, Shen has reduced his stake by more than 350 million shares since Meituan’s ipo, reducing his stake from 10.4 percent to less than 4 percent.It is worth noting that from Shen’s reduction on April 19, 2021 to his reduction on April 6, 2022, Meituan’s share price also fell 45%.