My rebirth is different

Chapter 790

Because Facebook is the only company listed today, after the market opens, the focus of the entire stock market will be Facebook!
Facebook's share price was also projected onto giant screens in the Nasdaq market hall.

Today, the focus of all the people present is whether the stock price of Facebook can still rise?

The opening price of 150 US dollars is not low, can it continue to rise?

If it continues to rise, what price can it reach at the final close?
In the U.S. stock market, IPOs are different from domestic IPOs.

In the U.S. stock market, on the first day of listing, new shares are not traded immediately when the market opens.

Instead, the main market maker conducts price matching, and only after finding a suitable opening price can it be officially listed for trading.

During the period before the opening of the market, traders who intend to sell and those who intend to buy will submit target prices and quantities for round after round of matching.

In this process, if there are fewer participants, it may only take one or two rounds of price allocation. If there are many participants, then there will be more rounds.

Obviously, today's Facebook belongs to the kind of situation with more participants.

All the people present looked up at the big screen, but the price did not appear for a long time.

After waiting for a long time, everyone's necks were sore, and the price has not yet come out.

"It's been at least five rounds of bidding, and the price hasn't come out yet!" an American financial reporter exclaimed.

The stock price submitted by Facebook is 150 US dollars, which is only an intention price, and does not mean that it is the final price.

If the number of traders interested in buying is relatively small in the price matching stage before the official opening, the opening price will be lower than $150.

Conversely, if there are a large number of traders interested in buying, the opening price will be higher than $150.

Now that it has been so long, and the official opening price has not been displayed, it means that there is only one possibility, and that is that there are too many people participating in the bidding!

As a result, the transaction price is constantly increasing, and traders who are unwilling to pay high prices are screened out.

Until the total purchase quantity of buyers is equal to the stock sale quantity, then there will be a final price, which is the final opening price of Facebook!

This process may take up to an hour. In reality, when Twitter went public, it took an hour for the opening price to appear.

And this time, Facebook obviously won't be any faster.

"Everyone go about your own business. I estimate that it will take an hour to get the results." At the scene, a stock trader shrugged and said helplessly.

This is also something that can't be helped. Everyone has nothing to do but wait.

At the same time, employees in China and within the Facebook company were all attentively watching the broadcast on the big screen.

Seeing that the market is open at the scene, but the stock price of Facebook has not been displayed, I am a little impatient.

"What's the situation? There won't be a problem." Lao Wang, the director of the operation department, said suspiciously, feeling a little nervous.

He thought to himself, don't lose the chain at the critical moment, this is related to his own wealth and life, so it can't be a joke!
"No problem, this is a good thing. It means that there are more bidders, and a higher price may be offered in a while." Xiao Zhang knew a little about the US stock market, so he told Lao Wangdao.

"That's good, that's good! I don't expect a high price, as long as I can hold on to $150!" Old Wang felt relieved.

…………

A full hour later, a trader stood up and yelled "Freeze the Book!"

At the same time, a huge number, "175" was also displayed on the big screen in the trading hall!
Facebook's official opening price appeared, which was $170.

There was thunderous applause at the scene, and the price jumped from 150 US dollars to 170 US dollars. That is to say, within this hour, Facebook stock has risen by more.

"We succeeded, Mr. Fei!" Cai Congxin said excitedly, his eyes were slightly red.

The 100 million shares he owns are now worth nearly [-] million US dollars, and he has only been on Facebook for half a year.

Moreover, Yu Wenfei once promised that as long as he performed well in his work, he would continue to reward him with shares.

After the successful listing of Facebook this time, presumably this promise will be fulfilled.

Yu Wenfei smiled and patted Cai Congxin's arm, "This is the beginning! Keep working hard, we are still far from real success."

On the big screen, Facebook's stock price is still beating, which means that there is a steady stream of new buyers, hoping to get Facebook's stock at a higher price.

"178"

"180"

"185"...

The price climbed all the way until it reached around [-] US dollars before slowing down and starting to fluctuate slightly.

At the close of trading in the afternoon, Facebook's stock price was fixed at "212" US dollars.

On the day of listing, it skyrocketed by 62 US dollars, an increase of 40.00%!
The total market value of Facebook has reached 310 billion US dollars, 500 billion yuan.

The Internet in China is already boiling...

…………

"Facebook went public with a market capitalization of over 500 billion! "

"Tremble, mortals, the Internet giant has officially ascended the throne!" "

"The future of the Internet industry is promising, starting with the listing of Facebook. "

"Inventory of domestic Internet companies, which one can become the next Facebook. "

On the day Facebook went public, it was not only the Facebook employees who stayed up all night, but also thousands of Internet colleagues.

All eyes are on the Facebook listing.

Pengcheng, Brother Xiao Ma and the executives have been sitting in the big conference room, also paying attention to the listing of Facebook.

If there is any Internet company in China that can be compared with Facebook, it may be Tencent.

In terms of the number of users and user activity, QQ is on the same level as Facebook. Even Yu Wenfei has launched WeChat, an instant messaging software, but up to now, WeChat still has not surpassed QQ.

After seeing the market value of Facebook as high as more than 300 billion U.S. dollars, Xiao Ma also had a smile on his face, and he said excitedly: "Have you seen that! I knew that social networking sites or software are the most powerful in the Internet industry." Prospects! After our company goes public, the market value should reach the height of Facebook."

Tencent is also going public, and soon.

However, it is going to be listed on the Xiangjiang Securities Market, and the preparations are almost complete, and it will be officially listed in April soon.

Two months before Tencent's listing, Facebook set a good example. Similarly, the higher the market value of Facebook, it is good news for Tencent, because two months later, when it goes public, there will be more a reference.

So Brother Ma is not jealous of Facebook's performance, but hopes that Facebook's performance will be even better!
…………

Tencent is not in direct competition with Facebook, and it can still suppress WeChat, and it is facing an IPO, so it hopes that Facebook will perform better in the stock market.

But Facebook's direct competitors don't think so.

The heads of companies such as Sina Blog, Sohu Blog, Blog China, etc., saw the opening price of Facebook, and their hearts were ashamed, and they were not in the mood to continue reading.

The Sina blog was banned by the Cyberspace Administration of China for two months last year because of vulgarity and other reasons.

The “pillar” Mei Muzi who was dug up was also named and criticized by the Cyberspace Administration of China, which caused Sina blog to have to fight for survival, terminated Mei Muzi’s contract, and carried out a major rectification of the whole site, so that the website was unblocked.

After that turmoil, the gap between Sina Blog and Facebook has widened to an unreachable level.

Nor did they think twice about challenging Facebook's dominance.

However, the success of Facebook's listing this time is definitely not a good thing for them.

Because in the Internet industry, the winner takes all, and everyone understands the truth that the strong will always be strong.

Facebook has a good foundation and a large user base, and now it has received such a large sum of money from the stock market.

In the blog field in the future, wouldn't competitors have no place at all?

…………

Of course, Yu Wenfei and Facebook executives don't know what their peers and competitors think, and they don't care.

In the evening, a grand celebration dinner was held at the hotel where we stayed.

"Congratulations to Mr. Fei. Last year, everyone said that you were the invisible richest man in mainland China. Now that Facebook is listed, you don't have to be invisible anymore. On this year's Hurun Rich List, you will undoubtedly reach the top and become the veritable richest man!"

Xue Chunlai held a goblet, and congratulated Yu Wenfei with a happy face.

He is very happy today, the success of Facebook is also his success.

It was he who suggested to Mr. Sun to invest in Facebook at the beginning. With this investment, Softbank Capital has made a lot of money!

As the head of SoftBank Capital's mainland region, his performance and dividends are of course no less.

"You mean the pig killing list? Haha, it's not necessarily a good thing to be on the top of the list." Yu Wenfei joked.

"The list may not be a good thing for others, but Mr. Fei, you are an Internet worker, and you earn a lot of money. What are you afraid of being on the list? It will only increase your popularity, which is a good thing!" Xue Chunlai said indifferently.

…………

The earliest rich list in China is the "Hurun Rich List". This list is also nicknamed the "Pig Killing List" among the people, and there is a reason for this.

Hoogewerf, a British man who claims to have been in China for 15 years, created a list of China's richest people - the "Hurun Report" based on his own interests

Since the birth of the "Hurun Report" in 1999, the entrepreneurs on the list have attracted attention.

However, the "big tree attracts the wind", and the economic problems of some entrepreneurs are also paid more attention to, so among the people, the "Rich List" is jokingly called the "Pig Killing List".

Someone once asked Hu Run this question, and Hu Run said seriously: "I strongly disagree with this statement"!
(End of this chapter)