The richest man

Chapter 274 Listing
In fact, Zhang Jun really does not plan to sell more shares. Uber will be listed on the Nasdaq IPO in the future, and the shares held by Legend Technology will definitely decrease.

The major investment firms then began to distribute the 20% stake.

After a few days of discussion, Goldman Sachs and Morgan each took 4%, and the remaining four investment companies each took 3%.

After signing the contract, Legendary Technologies cashed out $120 billion.

As soon as the news came out, countless people were shocked.

This is a cash out, not a company valuation.

"Company valuations are often unreliable. It depends entirely on investors' opinions. There are high and low, and it is difficult to have an accurate measurement standard. Few investment companies are willing to give start-up founders the opportunity to cash out. For example, venture capital institutions If you invest 1000 million U.S. dollars in a company, then the 1000 million U.S. dollars belong to the company, not the founder’s money. If the founder wants to cash out, he can only sell his shares directly to the investor, but the investor Usually, they are unwilling to do such a transaction, because the company has not raised funds, but many founders may not focus on running the company after realizing financial freedom because of cashing out.”

In the entrepreneurial base in Zhongguancun, the founders of many start-up companies got together to chat, and when they talked about the $120 billion cash-out of Legendary Technology Company, they couldn’t help drooling with envy.

$120 million!

What concept?
They couldn't even imagine it.

Their company didn't even have a valuation of more than 1 million US dollars, let alone cash out 120 billion US dollars. Even if their company goes public in the future, it is estimated that it is impossible to cash out so much money.

"Legendary Technology is so awesome. It's easy to cash out 120 billion US dollars. Just hearing it makes me feel outrageous! So far, no company has cashed out 20 billion US dollars with only 120% of its shares..."

"Yeah, when I heard it for the first time, I thought it was fake news, it just refreshed my knowledge!"

"Hey, if I can cash out $5000 million, I'll be so happy. I'll be financially free in no time, and I can travel around the world!"

"The reason why the major investment companies are willing to let Legend Technology Company cash out so much money is naturally very optimistic about Uber's future development. In the future, Uber will monopolize the global travel market, and its valuation can be imagined! Therefore, the major investment companies are willing to It makes sense to invest in Uber."

"..."

……

……

At this moment, those companies planning to enter the ride-hailing market are worried after learning that Uber Travel has received $120 billion in financing and Legendary Technology has cashed out $120 billion.

"Uber has received 120 billion US dollars and has strong funds. How can we fight Uber? In the end, I am afraid that the bamboo basket will be empty, and the biggest possibility is that we will lose all our money!!!" A shareholder worried.

The companions looked at each other in silence.

Obviously, they all agree with each other's words.

Uber is already very strong, and now it has received another US$120 billion in financing. It is not necessary to know that new companies entering the taxi market will definitely be crushed by Uber.

"Forget it, Uber's background is too good, we can't fight at all, we should switch to other careers."

"That's right, stop the loss as soon as possible, so that you won't lose too much!"

"..."

Many companies backed down.

But there are also some companies that choose to take it hard. For example, Cheng Wei, who was born in the grassroots in China, is very courageous. He founded Xiaoju Company in Zhongguancun, BJ, and planned to launch Didi Taxi. Even if it failed, it would be a big deal to try again.

In March 2008, the Didi taxi app was quietly launched.

However, due to its small size, it did not attract the attention of legendary technology companies and Uber.

Recently, various taxi-hailing apps have emerged one after another, and Didi Taxi APP is just one of them.

Uber's strategy is to use static braking, do a good job in technology research and development, and maximize management and service. It is not in a hurry to compete with other taxi-hailing software to burn money.

If you burn money, who doesn't know how to spend money, it's probably all kinds of subsidies and discounts, which are the same.

Only if technology can replace breakthroughs can we truly crush competitors, and technology is the core competitiveness.

Right now, let these taxi apps consume each other.

The endless war of burning money is actually meaningless at all.

If they like to burn money, just burn it. When Uber’s technology has made a major breakthrough, burning money at this time can take away competitors!
Now it is 2008, and the subprime mortgage crisis in the United States is about to erupt.

Zhang Jun hastened to promote the IPO of Weibo and Twitter. At the same time, he also stepped up his deployment in this financial crisis to make a fortune.

Weibo and Twitter are conducting roadshows at the same time. Weibo chooses to be listed on the Hong Kong Stock Exchange, and Twitter chooses to be listed on the NASDAQ in the United States.

The reason for this arrangement is that all companies listed in the United States must accept the review of accounting papers by the PCAOB (Public Company Accounting Oversight Board of the United States), otherwise they will be forced to delist.In other words, if you want to go public in the United States, you must allow the United States to audit your manuscript, otherwise it will be illegal.

In addition, the HFCAA Act also stipulates that companies listed in the United States must provide documents to the US Securities and Exchange Commission to prove and confirm that they are not owned or controlled by foreign governments.

Under such extremely harsh conditions, it should be clear at a glance what to do. In previous lives, domestic companies such as Baidu, Station B, New Oriental, etc., all lined up to return to China to list in Hong Kong.

Weibo is the largest self-media platform in China, with great influence on public opinion, and its importance cannot be overstated, so it chose to list in Hong Kong.

As the time for the IPO of the two companies is approaching, it can not help but attract the attention of many media and netizens.

On April 4st, Twitter was the first to be listed on NASDAQ in the United States. On the first day of listing, the market value was as high as 1 billion U.S. dollars, and the stock price rose steadily within a week, reaching as high as 320 billion U.S. dollars.

Twitter is highly sought after, and investors and investment institutions are optimistic about it.

"In the era of self-media, Twitter is the best platform!"

"I love Twitter, I open Twitter every day, and I am more diligent than meeting my girlfriend from out of town!!!" An American said in an interview with a TV station.

Twitter has more than 6.4 million users worldwide, of which 1.8 million are American users.

Weibo has more than 8 million users, of which about 5 million are Chinese users, and the remaining 3 million are mainly users in Japan, South Korea, Taiwan, and Southeast Asia.

Twitter is very popular in Europe and America, and Weibo is very popular in Asia.

Twitter can achieve a market value of 450 billion U.S. dollars, and Weibo has more users, and its market value is expected to be higher.

Therefore, people are full of expectations for Weibo's IPO, and it can even be said that they are looking forward to it.Countless stockholders and major institutions are waiting to rely on Weibo to go public and snap up stocks to make a fortune.

"Professor Zhen, Weibo is about to go public. Do you think the market value of Weibo will surpass that of Twitter?" Phoenix TV, the host asked a university economics professor.

"I estimate it is difficult. Twitter users are mainly Europeans and Americans, and the average value of a user is as high as nearly 80 US dollars. Weibo users are mainly Chinese, Japanese, Korean, and Taiwan, and the average value of a user is as high as 40 US dollars. Therefore, I estimate that Weibo Bo’s market capitalization is about US$300 billion, combined with the current exchange rate, converted into Hong Kong dollars, that’s more than 400 billion Hong Kong dollars.”

Many experts and professors have come forward to speak out.

However, it was quickly slapped in the face...

PS: I am tired today, the number of updated words is a little less, please forgive me

(End of this chapter)