The richest man

Chapter 225 The miracle of listing! ! !

listing!List the ie browser separately!
Yahoo can also be listed!
In the early days of the Internet bubble, if you sold a part of it to cash out, you would definitely make a lot of money.

In the previous life, Yahoo's subversive market value was as high as 1500 billion U.S. dollars.

Zhang Jun intends to cheat the Americans, let Yahoo continue to follow the path of his previous life, and set up separate companies for e-commerce, search, video, social networking, online games and other outlets.

……

……

"What?! Yahoo.com is preparing for Pre-IPO financing?"

The American investment community went crazy all of a sudden!
The so-called "Pre-IPO" refers to the last round of financing before going public.

The valuation difference between pre-listing and post-listing is huge, and the profits brought about are also very generous. With the development potential of Yahoo! website, after listing, the valuation will definitely skyrocket, even multiplying many times.

As long as you can participate in Pre-IPO investment, you will definitely make a lot of money!

At this time, the US financial market was full of excitement.

"What are the conditions for participating in the pre-IPO round of financing, and what is Legend Technology's valuation of Yahoo.com?" Sequoia Capital CEO Don Valentine asked quickly.

"The requirements are simple. The company is strong. We, Sequoia Capital, can meet the requirements for companies that can help Yahoo.com go public, endorse, and increase its stock price. As for Legendary Technology's valuation of Yahoo.com, it is a bit high."

"A little high?" Don Valentine waved his hand and said, "No matter how high it is, we have to participate! Tell me, how much is it?"

"$50 billion!!!" the assistant replied.

Don Valentine almost staggered when he heard this.

"Are you right, the valuation is as high as 50 billion US dollars?!"

"That's right, it's indeed $50 billion!" The assistant smiled wryly, and he also felt that this valuation was outrageous.

Don Valentine was stunned. Yahoo's website currently basically relies on advertising revenue, and its annual revenue is less than [-] million US dollars.

This Nima valuation dares to be called 50 billion US dollars...

"In three days, Legend Technology will hold a pre-IPO financing meeting, and companies with investment intentions will go to Hong Kong." The assistant reminded.

Don Valentine nodded at him: "Arrange the itinerary, we will arrive in Hong Kong one day in advance."

"Okay, BOSS!"

……

……

On February 1995, 2, Goldman Sachs, Morgan Stanley, KPCB Venture Capital, DFJ Venture Capital, Carlyle, Sequoia Capital and other top global investment companies gathered in Hong Kong.

A Hong Kong trainee reporter looked excitedly at the powerful global financial giants walking into the Mandarin Oriental Hotel, "Oh my god, there are so many great people!!!"

After a pause, he turned to look at a middle-aged man in his 30s beside him, and said, "Brother Xun, this scene is amazing! This is the first time I have seen so many bigwigs from the financial world come to Hong Kong. This is simply a grand event! By the way, Brother Xun, do you think the Yahoo website is really that attractive? So many bigwigs in the financial world want to invest in it?"

This is, the middle-aged man named Brother Xun stretched out his hand to support the glasses frame, and said unhurriedly: "Hehe, of course! You don't know, at this moment, the Internet in the United States is already very frenzied. Everyone I believe that the Internet is the next opportunity for entrepreneurship, and it is the new wave of this era! Yahoo has great potential for development, and once it goes public, its stock price will inevitably skyrocket, so all major investment companies want to get a piece of it!"

Speaking of this, the middle-aged man paused for a while, and laughed, "This is obviously a matter of making money. Who would want to participate in it? Those companies in Hong Kong don't even have the qualifications to participate!"

"Brother Xun, according to what you said, since Yahoo's development potential is huge, and Legend Technology itself is not short of money, why did you choose Pre-IPO?" The intern reporter asked puzzled.

"Hehe, it's simple. Yahoo's advertising revenue is less than 1 million U.S. dollars. After deducting expenses, in fact, it doesn't make a lot of money. If you want to make money from Yahoo's advertising, you don't know that you have to wait until the year of the monkey. But once Yahoo goes public, it will be different. Now, the market value can easily reach billions of dollars, and it can also raise hundreds of millions of dollars to speed up Yahoo's development. In the future, as long as Legendary Technology Corporation cashes out a part of its shares casually, it will earn more than Yahoo's advertising revenue However, if Yahoo.com wants to list on NASDAQ in the US, it has to deal with foreign financial giants. With the support of these financial giants, Yahoo’s listing will be smooth, and with their support, Yahoo! The stock price is skyrocketing! In fact, these institutions are behind the scenes to fuel the flames and hype up the stock price. Otherwise, how can an Internet company with a revenue of less than 300 million US dollars and a profit of only [-] million US dollars have such a high market value?"

"Oh, so it's like this~" The trainee reporter nodded half-understood.

……

Not long after, representatives of major investment companies came to a conference room.

Zhang Jun then walked into this large conference room with the senior executives of Legendary Technology Company.

"Hi everyone, welcome to Yahoo's Pre-IPO round of financing! I think you already know enough about Yahoo!
The speed of development of the Yahoo website is obvious to all, and currently occupies 80% of the market share.Up to now, the number of daily visitors has reached 2000 million, the number of advertisers has reached 550, and 75% of its advertising spaces are still vacant. Although there are still a large number of vacant advertising spaces, it also shows that the Yahoo website has great potential huge.Yahoo has established a professional sales team to enhance Yahoo's advertising sales capabilities.

Well, I won't talk nonsense.Companies that agree with the value of Yahoo's website at $50 billion can stay and discuss in detail, and those who do not agree, please leave. "Zhang Jun said directly.

Almost none of the people who came to participate left.

Legend Technology took out a 15% stake in Yahoo for Pre-IPO financing.

There are too many monks and too little porridge.

Everyone can only fight.

If you compete for it, you have to raise Yahoo's valuation.

In the end, Goldman Sachs, KPCB, and Sequoia Capital obtained financing rights, each holding 5% of the shares.

Goldman Sachs is the lead underwriter for Yahoo's listing.

The post-investment valuation of Yahoo was scrambled by these three companies to 100 billion U.S. dollars, and each company needs to give 5 million U.S. dollars to Yahoo.

In this wave of Pre-IPO financing, Yahoo received $15 billion!
At noon, Zhang Jun signed the Yahoo Pre-IPO financing agreement with representatives of Goldman Sachs, KPCB, and Sequoia Capital on behalf of Legend Technology.

As soon as the news was announced that day, it quickly caused a huge sensation all over the world.

The entire Silicon Valley is in a frenzy!

With Goldman Sachs, KPCB, and Sequoia Capital endorsing Yahoo, doesn't it mean that Yahoo is worthy of such a high market value?
Since Yahoo's website can get such a high valuation, is its own website worth a lot of money?
If the daily traffic of your website is only one percent of that of Yahoo, does it mean that your website is worth [-] million US dollars?Can you become a billionaire yourself?

Countless Internet start-up companies began to frantically increase the average daily visits data of their websites, and started various money-burning wars.But they don't panic at all, as long as they burn money, the flow will increase, and if the flow increases, they can continue to raise funds.

For a time, all kinds of websites were born, and dozens or even hundreds of Internet companies were born in Silicon Valley every day, but at the same time, many Internet startups went bankrupt.

Every day in Silicon Valley, you can see that a certain website has successfully raised funds, the company founder’s net worth has soared, and he has been promoted to a multi-millionaire, a billionaire!

By early February 1995, Yahoo began a road show to promote the eventual IPO.

During this period, Yahoo expanded rapidly, opening branches in most countries and regions around the world, and launching local versions of the Yahoo website.Yahoo is rich, and it advertises directly on TV, newspapers, movies, and large shopping malls.

At the same time, vigorously develop personalized content, chat rooms, free email, clubs, shopping, music, news.

In terms of online shopping, Zhang Jun is not worried about taking away much market share from Amazon and eBay.

Because the e-commerce market is too large to accommodate more e-commerce companies.

The business models of Amazon and eBay are very advanced, coupled with the first-mover advantage of the two companies, it is difficult to be surpassed.Amazon, in particular, has accumulated a lot of money, built its own logistics, and operated its own products. It not only has high profits, but also has an excellent online shopping experience for users. A product may even be delivered to customers the next day.

If Yahoo's e-commerce develops, it means that Legendary Technology has mastered the three largest e-commerce platforms in the world. How awesome is it? !

But in terms of search, Zhang Jun is not going to let Yahoo do it for the time being. Once Yahoo seriously does search, basically there is nothing to do with Google. Google borrows the chicken to lay the egg. At this time, with the help of Yahoo, it is making every effort to develop itself.When Google's search engine technology matures, it can no longer rely on Yahoo.

……

Since Yahoo received investment, it has burned almost 1 million US dollars every month. It is very vivid to explain to everyone what burning money is.

However, investors Goldman Sachs, KPCB, and Sequoia Capital were not only not angry, but even happier.

Such a violent money-burning promotion made Yahoo's website popular all over the world, its users soared, PV (page views) and uv (unique ip visitors) both doubled or tripled.

At the same time, advertising revenue has risen in a straight line, and it has skyrocketed by two or three times compared with the previous month.

Yahoo's growth rate and revenue far exceeded the expectations of Wall Street experts.

During the Yahoo Roadshow, the stock subscription amount exceeded 5 times, shocking the world.

In this situation, everyone knows that as long as they buy Yahoo shares, they will definitely make money.

At 3:1 in the morning of March 9st in New York, Yahoo was officially listed, with a total share capital of 1 million shares, 2000 million shares were issued, the issue price was US$120 per share, and US$24 billion was raised!
Such a huge amount of IPO financing is rare in the world, and it immediately caused a sensation on Wall Street.

Many people are speculating whether Yahoo will fall below the issue price or will skyrocket.

This issue price is really too high. When Yahoo pre-IPO round of financing, Yahoo's market value was only 100 billion U.S. dollars, just over a month ago, the market value has increased by 20 billion U.S. dollars!
Some people who were not optimistic about Yahoo were quickly slapped in the face.

Yahoo's stock was highly sought after, and it was snapped up by countless shareholders as soon as it was issued.

On the same day, Yahoo's stock price rose to $150 per share, with a market value of up to $150 billion.

In this life, the development of computers and the Internet far exceeds that of the previous life. Yahoo's market value is 150 billion US dollars. Although it is exaggerated, it is not difficult to understand.

The founder of Yahoo is Zhang Jun, the richest man in the world. This alone can add a lot to Yahoo’s market value. What’s more, even Goldman Sachs, KPCB, and Sequoia Capital are optimistic about Yahoo, and others have no reason not to be optimistic about it.

Yahoo is now very well funded. Pre-IPO raised $15 billion, and now it has raised another $24 billion. Yahoo is rich now, and even if it goes through the Internet winter in the future, it can safely survive.

The success of Yahoo has caused the entire Internet industry to fall into a more frenzied state.

Internet concept stocks have been formed.

Countless idle funds from all over the world began to enter Silicon Valley, investing crazily and blindly in the Internet industry.

This is a carnival feast that belongs to the Internet! !
The whole market exploded! "The Wall Street Journal" made this evaluation: "It took 100 years for General Electric to reach a market value of 150 billion US dollars, but Yahoo only took one year!!!"

Crazy capital, like a rocket booster, helped Yahoo create an unprecedented miracle!
Zhang Jun was also stunned by Yahoo's IPO.

IPO financing is really profitable!

He couldn't help thinking about pulling wool again.

So following the listing of Yahoo, the ie browser is also preparing to go public.

The browser will only be used as one of the supporting service tools in the future, and its market value is not high.When the cold winter of the Internet comes, the IE browser may depreciate to hundreds of millions of dollars. At that time, it will be bought at a low price and delisted.

But in this age of barbaric growth of the Internet, the market value of browsers will be very high.

Today, the IE browser occupies more than 85% of the global market share, almost a monopoly, and is very popular among investors.

Zhang Jun chose to directly list the IE browser IPO, adding another fire to the crazy Internet wave.

More than a month later, IE Browser Company went public with a total share capital of 1 million shares, and also issued 2000 million shares, but the issue price was only US$40 per share. The business monetization model of IE browser is obviously not as strong as that of Yahoo. Yahoo is even called the media empire on the Internet. The potential users it faces are all the people in the world, and it has more development prospects than any physical newspaper media company. .Moreover, Yahoo has more rich functions, and the future is limitless.

"Damn it, the ie browser skyrocketed as soon as it was released, you have to buy it quickly!!!" A stock manager was shocked, and hurriedly snapped up stocks.

Right now, people don’t know enough about browsers. Some people even think that browsers are the most important part of the Internet. Without browsers, how to browse websites. Therefore, there are many people who are optimistic about browsers.

Zhang Jun, Shangguan Muye and others gathered in the office, sitting in front of the computer, looking at the stock price chart of the IE browser, all of them were very excited.

Zhang Jun launched the equity incentive plan, allowing the company's top executives and elites to purchase the original shares of IE browser at a relatively low price.

The higher the market capitalization of Internet Explorer, the more they earn.

This time, the launch of the Internet Explorer browser will at least create a large number of millionaires and multi-millionaires.

This wave of Zhang Jun is simply giving benefits to his employees.

At this time, major Internet companies and venture capital firms in Silicon Valley are paying attention to the listing of IE browser.

Up!

Must rise!
The higher the stock price of ie browser rises, the better it is for our Internet companies! !
On the same day, when the NASDAQ closed, the share price of IE browser was as high as 70 US dollars, and the market value exceeded 70 billion US dollars. Internet Explorer's IPO was a huge success.

The entire Silicon Valley once again fell into a carnival!

"We succeeded again!!!" Legendary Technology Company shouted excitedly, and many people danced and hugged each other and laughed.

Zhang Jun also showed a smile.

The ie browser company successfully raised 8 million US dollars. He didn't know how to spend this much money. He opened a branch, built a headquarters building, increased technology research and development, and increased employees' salaries... I'm afraid it won't be used up. What a happy trouble.

With the rise of the Internet, some traditional physical industries will be impacted.

"The "Netflix Netflix" video rental company and the YouTube video hall should also slowly transform, especially the former, if it does not change, it will die.In the previous life, Blockbuster, the largest video rental company in the United States, was overthrown by a small start-up company, Netflix, and went bankrupt.This time, the same mistakes cannot be repeated. "

Zhang Jun took a sip of champagne and thought to himself.

(End of this chapter)