2月19日消息，17日晚间，聚美优品宣布CEO陈欧、戴雨森及红杉资本将以每股7美元的价格私有化，随后陈欧对内发布邮件，称聚美优品被市场低估，“在经过谨慎的考虑后，基于对目前业务环境和资本环境的判断”，做出了私有化决策。
这一消息引来众多投资人吐槽，直指聚美优品“不要脸”，湖州服务器租用坑害投资人。“22美元卖了一遍，7美元买回来，在A股再卖一次。”一位证券从业者直言。
如何正确解读聚美优品私有化？对中概股以及预计赴美上市的中国公司会有何影响？就此，亿邦动力网征询了多位电商从业者和投资人。
专业的售后IDC团队，拥有10年服务器租用与托管一体的销售团队，为您提供专属的定制机房服务器，联系***。
1. 私有化定价7美元坑了谁？
据美国媒体报道，按聚美优品私有化价格每美国存托股（ASD）7美元，比最近十个交易日的平均收盘价高出26.6%。但消息一公布，就有散户投资者纷纷发帖直指被聚美优品坑杀，“高估了陈欧的人品”。
据了解，2014年5月16日，聚美优品登陆美国60.191.143纽交所时，以每股22美元的发行价发行了1110万股美国存托凭证，上市首日最高股价曾达到28.28美元。此后，聚美优品的估价一度飙涨到39.46美元每股。但近半年，聚美优品的估价一泻千里，从最高的每股28.17美元跌到2月17日收盘价6.32美元。
7美元的私有化价格相对当前股价虽然溢价，但相比22美元的发行价，仅有发行价的1/3。相当于，短短一年多，以发行价购买聚美优品的投资人资产直接打了三折。更有高位入场，经60.191.143.1历跌跌不休的持仓待反弹投资者直接被掐灭反弹回本的希望。
“主导回归的股东太会打小算盘，以远低于IPO价格私有化退市就是坑了美国投资人。”一位资深股权投资人坦言。
美国媒体报道称，陈欧极其私有化团队持股54.4%，按当前总股本1.42亿股，每股7美元计算，私有化所需约4.53亿美元。而聚美优品公布的财报显示，截止2015年9月底，其账面资金就4亿多美元。
确实如上述投资人所言，账面现金都够私有化了。
2.私有化一定成功？
根据美国媒体的报道，陈欧及私有化团队拥有90.1%的投票权，是不是意味着聚美优品的私有化将一定成功？
一位不愿透露姓名的电商公司CFO称，“目前不能直接判断私有化成功，在私有化要约过程中，关键是看私有化要约中的小股东是否同意。如果小股东不同意，就需要提高目前的收购价湖州高防服务器格。现在90.1%的表决权仅能保证私有化决议通过董事会。”
该人士称，如果公司在香港，一般是收购一方获取价值超过90%的股票，60.191.143.同时剩余股东人数不高于上市的要求。既可以强制收购剩余股份完成退市。当然不同地区的比例不一样。
3.低估的背后，是被投资机构抛弃
“在目前的美股市场，我们被严重低估了。”陈欧在对内部邮件中直言“被低估”这种陈词滥调确实发生在了聚美优品身上，成为一个毋庸置疑的事实。
14.215.100.139 14.215.100.21 14.215.100.121 14.215.100.76 14.215.100.46 14.215.100.221 14.215.100.176
14.215.100.140 14.215.100.22 14.215.100.122 14.215.100.77 14.215.100.47 14.215.100.222 14.215.100.177
14.215.100.141 14.215.100.23 14.215.100.123 14.215.100.78 14.215.100.48 14.215.100.223 14.215.100.178
14.215.100.142 14.215.100.24 14.215.100.124 14.215.100.79 14.215.100.49 14.215.100.224 14.215.100.179
14.215.100.X 14.215.100.25 14.215.100.125 14.215.100.80 14.215.100.50 14.215.100.225 14.215.100.180
14.215.100.39 14.215.100.26 14.215.100.126 14.215.100.81 14.215.100.51 14.215.100.226 14.215.100.181
14.215.100.40 14.215.100.27 14.215.100.127 14.215.100.82 14.215.100.52 14.215.100.227 14.215.100.182
14.215.100.143 14.215.100.28 14.215.100.128 14.215.100.83 14.215.100.53 14.215.100.228 14.215.100.183
14.215.100.144 14.215.100.29 14.215.100.129 14.215.100.84 14.215.100.54 14.215.100.229 14.215.100.184
14.215.100.145 14.215.100.30 14.215.100.130 14.215.100.85 14.215.100.55 14.215.100.230 14.215.100.185
14.215.100.93 14.215.100.31 14.215.100.131 14.215.100.86 14.215.100.41 14.215.100.231 14.215.100.186
14.215.100.98 14.215.100.32 14.215.100.132 14.215.100.87 14.215.100.42 14.215.100.232 14.215.100.187
14.215.100.193 14.215.100.33 14.215.100.133 14.215.100.88 14.215.100.43 14.215.100.233 14.215.100.188
14.215.100.238 14.215.100.34 14.215.100.134 14.215.100.89 14.215.100.44 14.215.100.234 14.215.100.189
14.215.100.138 14.215.100.35 14.215.100.135 14.215.100.90 14.215.100.45 14.215.100.235 14.215.100.190
14.215.100.38 14.215.100.36 14.215.100.136 14.215.100.91 14.215.100.96 14.215.100.236 14.215.100.191
宿迁高防服务器 14.215.100.37 14.215.100.137 14.215.100.92 14.215.100.97 14.215.100.237 14.215.100.192
60.191.143.99 60.191.143.1 60.191.143.101 60.191.143.201 60.191.143.156 60.191.143.56 60.191.143.246
60.191.143.100 60.191.143.2 60.191.143.102 60.191.143.202 60.191.143.157 60.191.143.57 60.191.143.247
60.191.143.243 60.191.143.3 60.191.143.103 60.191.143.203 60.191.143.158 60.191.143.58 60.191.143.248
60.191.143.244 60.191.143.4 60.191.143.104 60.191.143.204 60.191.143.159 60.191.143.59 60.191.143.249
60.191.143.245 60.191.143.5 60.191.143.105 60.191.143.205 60.191.143.160 60.191.143.60 60.191.143.250
60.191.143.94 60.191.143.6 60.191.143.106 60.191.143.206 60.191.143.161 60.191.143.61 60.191.143.251
60.191.143.95 60.191.143.7 60.191.143.107 60.191.143.207 60.191.143.162 60.191.143.62 60.191.143.252
60.191.143.198 60.191.143.8 60.191.143.108 60.191.143.208 60.191.143.163 60.191.143.63 60.191.143.253
60.191.143.199 60.191.143.9 60.191.143.109 60.191.143.209 60.191.143.164 60.191.143.64 60.191.143.254
60.191.143.200 60.191.143.10 60.191.143.110 60.191.143.210 60.191.143.165 60.191.143.65 60.191.143.255
60.191.143.194 60.191.143.11 60.191.143.111 60.191.143.211 60.191.143.166 60.191.143.66 60.191.143.146
60.191.143.195 60.191.143.12 60.191.143.112 60.191.143.212 60.191.143.167 60.191.143.67 60.191.143.147
60.191.143.196 60.191.143.13 60.191.143.113 60.191.143.213 60.191.143.168 60.191.143.68 60.191.143.148
60.191.143.197 60.191.143.14 60.191.143.114 60.191.143.214 60.191.143.169 60.191.143.69 60.191.143.149
湖州服务器租用 60.191.143.15 60.191.143.115 60.191.143.215 60.191.143.170 60.191.143.70 60.191.143.150
60.191.143.239 60.191.143.16 60.191.143.116 60.191.143.216 60.191.143.171 60.191.143.71 60.191.143.151
60.191.143.240 60.191.143.17 60.191.143.117 60.191.143.217 60.191.143.172 60.191.143.72 60.191.143.152
60.191.143.241 60.191.143.18 60.191.143.118 60.191.143.218 60.191.143.173 60.191.143.73 60.191.143.153
60.191.143.242 60.191.143.19 60.191.143.119 60.191.143.219 60.191.143.174 60.191.143.74 60.191.143.154
60.191.143.** 60.191.143.20 60.191.143.120 60.191.143.220 60.191.143.175 60.191.143.75 60.191.143.155
60.191.143.139 60.191.143.21 60.191.143.121 60.191.143.76 60.191.143.46 60.191.143.221 60.191.143.176
60.191.143.140 60.191.143.22 60.191.143.122 60.191.143.77 60.191.143.47 60.191.143.222 60.191.143.177
60.191.143.141 60.191.143.23 60.191.143.123 60.191.143.78 60.191.143.48 60.191.143.223 60.191.143.178
60.191.143.142 60.191.143.24 60.191.143.124 60.191.143.79 60.191.143.49 60.191.143.224 60.191.143.179
60.191.143.X 60.191.143.25 60.191.143.125 60.191.143.80 60.191.143.50 60.191.143.225 60.191.143.180
60.191.143.39 60.191.143.26 60.191.143.126 60.191.143.81 60.191.143.51 60.191.143.226 60.191.143.181
60.191.143.40 60.191.143.27 60.191.143.127 60.191.143.82 60.191.143.52 60.191.143.227 60.191.143.182
60.191.143.143 60.191.143.28 60.191.143.128 60.191.143.83 60.191.143.53 60.191.143.228 60.191.143.183
60.191.143.144 60.191.143.29 60.191.143.129 60.191.143.84 60.191.143.54 60.191.143.229 60.191.143.184
60.191.143.145 60.191.143.30 60.191.143.130 60.191.143.85 60.191.143.55 60.191.143.230 60.191.143.185
60.191.143.93 60.191.143.31 60.191.143.131 60.191.143.86 60.191.143.41 60.191.143.231 60.191.143.186
60.191.143.98 60.191.143.32 60.191.143.132 60.191.143.87 60.191.143.42 60.191.143.232 60.191.143.187
60.191.143.193 60.191.143.33 60.191.143.133 60.191.143.88 60.191.143.43 60.191.143.233 60.191.143.188
60.191.143.238 60.191.143.34 60.191.143.134 60.191.143.89 60.191.143.44 60.191.143.234 60.191.143.189
60.191.143.138 60.191.143.35 60.191.143.135 60.191.143.90 60.191.143.45 60.191.143.235 60.191.143.190
60.191.143.38 60.191.143.36 60.191.143.136 60.191.143.91 60.191.143.96 60.191.143.236 60.191.143.191
湖州高防服务器 60.191.143.37 60.191.143.137 60.191.143.92 60.191.143.97 60.191.143.237 60.191.143.192
115.238.237.99 115.238.237.1 115.238.237.101 115.238.237.201 115.238.237.156 115.238.237.56 115.238.237.246
115.238.237.100 115.238.237.2 115.238.237.102 115.238.237.202 115.238.237.157 115.238.237.57 115.238.237.247
115.238.237.243 115.238.237.3 115.238.237.103 115.238.237.203 115.238.237.158 115.238.237.58 115.238.237.248
115.238.237.244 115.238.237.4 115.238.237.104 115.238.237.204 115.238.237.159 115.238.237.59 115.238.237.249
115.238.237.245 115.238.237.5 115.238.237.105 115.238.237.205 115.238.237.160 115.238.237.60 115.238.237.250
115.238.237.94 115.238.237.6 115.238.237.106 115.238.237.206 115.238.237.161 115.238.237.61 115.238.237.251
115.238.237.95 115.238.237.7 115.238.237.107 115.238.237.207 115.238.237.162 115.238.237.62 115.238.237.252
115.238.237.198 115.238.237.8 115.238.237.108 115.238.237.208 115.238.237.163 115.238.237.63 115.238.237.253
115.238.237.199 115.238.237.9 115.238.237.109 115.238.237.209 115.238.237.164 115.238.237.64 115.238.237.254
115.238.237.200 115.238.237.10 115.238.237.110 115.238.237.210 115.238.237.165 115.238.237.65 115.238.237.255
115.238.237.194 115.238.237.11 115.238.237.111 115.238.237.211 115.238.237.166 115.238.237.66 115.238.237.146
115.238.237.195 115.238.237.12 115.238.237.112 115.238.237.212 115.238.237.167 115.238.237.67 115.238.237.147
115.238.237.196 115.238.237.13 115.238.237.113 115.238.237.213 115.238.237.168 115.238.237.68 115.238.237.148
115.238.237.197 115.238.237.14 115.238.237.114 115.238.237.214 115.238.237.169 115.238.237.69 115.238.237.149
湖州服务器租用 115.238.237.15 115.238.237.115 115.238.237.215 115.238.237.170 115.238.237.70 115.238.237.150
115.238.237.239 115.238.237.16 115.238.237.116 115.238.237.216 115.238.237.171 115.238.237.71 115.238.237.151
115.238.237.240 115.238.237.17 115.238.237.117 115.238.237.217 115.238.237.172 115.238.237.72 115.238.237.152
115.238.237.241 115.238.237.18 115.238.237.118 115.238.237.218 115.238.237.173 115.238.237.73 115.238.237.153
115.238.237.242 115.238.237.19 115.238.237.119 115.238.237.219 115.238.237.174 115.238.237.74 115.238.237.154
115.238.237.** 115.238.237.20 115.238.237.120 115.238.237.220 115.238.237.175 115.238.237.75 115.238.237.155
115.238.237.139 115.238.237.21 115.238.237.121 115.238.237.76 115.238.237.46 115.238.237.221 115.238.237.176
115.238.237.140 115.238.237.22 115.238.237.122 115.238.237.77 115.238.237.47 115.238.237.222 115.238.237.177
115.238.237.141 115.238.237.23 115.238.237.123 115.238.237.78 115.238.237.48 115.238.237.223 115.238.237.178
115.238.237.142 115.238.237.24 115.238.237.124 115.238.237.79 115.238.237.49 115.238.237.224 115.238.237.179
115.238.237.X 115.238.237.25 115.238.237.125 115.238.237.80 115.238.237.50 115.238.237.225 115.238.237.180
115.238.237.39 115.238.237.26 115.238.237.126 115.238.237.81 115.238.237.51 115.238.237.226 115.238.237.181
115.238.237.40 115.238.237.27 115.238.237.127 115.238.237.82 115.238.237.52 115.238.237.227 115.238.237.182
115.238.237.143 115.238.237.28 115.238.237.128 115.238.237.83 115.238.237.53 115.238.237.228 115.238.237.183
115.238.237.144 115.238.237.29 115.238.237.129 115.238.237.84 115.238.237.54 115.238.237.229 115.238.237.184
115.238.237.145 115.238.237.30 115.238.237.130 115.238.237.85 115.238.237.55 115.238.237.230 115.238.237.185
115.238.237.93 115.238.237.31 115.238.237.131 115.238.237.86 115.238.237.41 115.238.237.231 115.238.237.186
115.238.237.98 115.238.237.32 115.238.237.132 115.238.237.87 115.238.237.42 115.238.237.232 115.238.237.187
115.238.237.193 115.238.237.33 115.238.237.133 115.238.237.88 115.238.237.43 115.238.237.233 115.238.237.188
115.238.237.238 115.238.237.34 115.238.237.134 115.238.237.89 115.238.237.44 115.238.237.234 115.238.237.189
115.238.237.138 115.238.237.35 115.238.237.135 115.238.237.90 115.238.237.45 115.238.237.235 115.238.237.190
115.238.237.38 115.238.237.36 115.238.237.136 115.238.237.91 115.238.237.96 115.238.237.236 115.238.237.191
湖州高防服务器 115.238.237.37 115.238.237.137 115.238.237.92 115.238.237.97 115.238.237.237 115.238.237.192
0来源：湖州游戏服务器