082 Yahoo's NASDAQ listing tour

This time, Yahoo's listing has undergone tremendous changes because of Li Feng's butterfly, for example, the market value is surprising today.

According to the IPO, Yahoo is valued at $4 billion, issuing a total of 80 million outstanding shares accounting for 20% of the share capital, and the issue price is $10.

The current market value of Netscape is only less than 4 billion, which is the first Internet company, but according to estimates, this first company is about to be replaced. Especially as Microsoft's browser began to exert force, the browser battle has begun in the United States and even the world, and naturally, Netscape's stock price has not risen as wildly as it has been.

Now Yahoo due to the advance layout, a total of more than 10 million netizens around the world every day, more than 50 million visits, such data, in the previous life is almost the end of 97 data, considering the number of Internet users in the world, it can be said that Yahoo almost unified the Internet.

The number of visits to Yahoo as a whole even exceeds the total number of visits to the websites of other Internet companies, so you can imagine that Yahoo is hot.

……

Naturally, Yahoo burned money more than that, and the last time it raised so much money, it spent tens of millions of dollars on advertising around the world, and Yahoo's ads can be seen everywhere.

In the face of global expansion and the construction of various infrastructures, the traffic of the website is naturally rising, and the natural income is also increasing a lot, according to the current estimates, this year's revenue will exceed 100 million US dollars.

It's a pity that Yahoo still loses money, at least on paper, because last year's financial report showed that last year alone smashed more than $300 million, and there may be more this year.

At least on paper, Yahoo is a money-loser, but in the face of Yahoo, everyone is optimistic that Yahoo is a super potential stock.

Previously, with the promotion of Yahoo's listing, and even during the roadshow, Yahoo's shares were snapped up by many institutions before the listing.

Naturally, with the promotion of listing, everyone's shares have decreased a lot again, and Li Feng's shares are only 15% left, which is still a lot of money he has spent and barely stayed.

Yang Zhiyuan and David have less than 20% of the shares, and David is not even as much as Li Feng, and the three of them have a total of about 45% of the shares.

……

After arriving in New York, the group headed towards the Waldorf Astoria Hotel, that's right, this time Li Feng directly told everyone that he had a treat, which was regarded as a reward for everyone, and let everyone stay at the Waldorf Astoria Hotel.

At about 7 o'clock in the morning the next day, everyone got up one after another, saying that there was also a ceremony for the listing of NASDAQ, which required everyone to participate, and Li Feng was still full of expectations.

After all, this should be the so-called 'listing bell ringing ceremony'. Li Feng in his previous life was just listening, and he was quite interested in experiencing it this time.

After breakfast, the time should be about the same, and I heard that I needed to get to the Nasdaq trading building before 8.15 to participate in the ceremony, and then everyone sat in the motorcade and headed for Times Square.

That's right, the NASDAQ Exchange Building is right in Times Square.

At around 8:15, the group was received by Goldman Sachs and Nasdaq staff, and the group passed through the security check and entered the NASDAQ gate.

Li Feng was also casually looking at the places he had often heard about in his previous life, but unfortunately it felt a bit sketchy and the decoration was not luxurious, and it felt like a very ordinary commercial building.

Naturally, since he came to NASDAQ to ring the bell, he naturally began to browse, as well as take group photos, etc., Li Feng also followed the crowd and took photos with everyone for a while.

In the trading building, through the glass window, you can see the server units, these are the heart of the NASDAQ, and all transactions are completed by these computer servers.

……

Before 9 o'clock, under the arrangement of the staff, everyone entered the studio hall, and Li Feng visually inspected one side more like a TV studio, with all kinds of cameras in it, and those who didn't know thought it was a TV station.

It is said that the broadcast recorded in the studio can now be seen on the monitor outside the Exchange Building, which is considered a live broadcast, but unfortunately, many New Yorkers are no longer surprised, after all, such scenes are often staged here.

At 9 o'clock, when the trading market officially began, Yang Zhiyuan also took everyone to the top, and then officially rang the bell.

Well, Li Feng was actually quite disappointed with this process, but he didn't expect that the NASDAQ bell that was rumored to be miraculous in his previous life was like this, and later I heard that even this bell was omitted, and it was changed to electronic control, as long as you press a button, it will be 'ringing the bell'.

There is also a ceremony, which is said to start at 9.30, which is the official listing ceremony, but Li Feng doesn't care much, and in this life, he has experienced the so-called listing bell, and he understands what is going on.

In fact, Li Feng also has an analysis of the company under his name, after all, in his previous life, he was used to seeing a certain company listed or something, so Li Feng had already prepared, and the future network companies of the company under his name were ready to go public to raise funds, and Li Feng was not ready to go public for the rest of the company.

……

As the trading market officially began, Yahoo went public, and then some analysts began to take the stage to analyze the stocks in the market.

Naturally, under such a process, Yahoo is listed, and Yahoo's shares naturally appear on the market, Li Feng does not know the specific situation, but he has told Bill Wilbe before that the stock department of the investment company needs to absorb the outstanding shares in the market, and it can absorb as much as it can.

After all, the market value of $4 billion is really worth a lot compared to the market value of hundreds of billions in later generations, and there is no reason not to invest in it.

Yahoo directly entered the NASDAQ's global select market this time, and to be honest, Li Feng didn't know what was going on, and it was only clear through some introductions by others.

Originally, when listed on the NASDAQ, the listed companies were also divided into levels, the lowest was the 'capital market', which was specifically for the financing of small and medium-sized enterprises, the second was the 'global market', most of the enterprises were at this level, and the last was the global select market, which was the highest level of the NASDAQ.

Companies that can be included in the global select market are the best quality companies and status symbols, and it is impossible to be included in them according to Yahoo's market capitalization, but with the help of financial giants such as Goldman Sachs, and the actual situation of Yahoo itself on the global Internet, this can be regarded as a precedent.

Coincidentally, at this time, the analyst above was pointing to Yahoo's stock board to explain that in just a few minutes at this time, Yahoo stock had risen by 30% and had reached $13.

According to this calculation, Yahoo's market value has exceeded 5 billion, and it has officially become the 'first Internet stock'. Listening to the analyst's explanation above, everyone was still excited.

At the same time, Li Feng found that at this time, many tourists came in to visit, well, it turned out that this place could be visited, which suddenly made Li Feng speechless for a while, thinking to himself, it is so mysterious, it is an ordinary place.

……

Around 9.30, the person in charge of the NASDAQ came to the stage to give a speech, saying what to welcome Yahoo to become a member of the NASDAQ market, and finally Yang Zhiyuan also went up to give a speech, and finally everyone rushed up and took pictures, and the whole process was roughly completed.

However, Goldman Sachs is preparing to hold a dinner, and it just so happens that it will be at the Waldorf Astoria Hotel, and everyone in Yahoo will be in attendance in the evening, as well as many shareholders of Yahoo, including venture capital companies, founder shareholders, and many heads of institutions who have bought before the roadshow.

When the market officially closed in the afternoon, the person in charge of the Nasdaq came forward to congratulate him, and it turned out that Yahoo closed at $18.12, which means that Yahoo's market value now exceeds $7.2 billion, and it looks like it is about to break 10 billion, becoming the first stock of the Internet worthy of the name, which is simply crazy.

With 80 million shares in circulation, raising a total of $1.6 billion, this is a very successful IPO, whether it is for Goldman Sachs or Yahoo, at this time, everyone has breathed a sigh of relief, and Yang Zhiyuan is a warm hug when he catches people.

Looking at the happy scene of everyone, Li Feng felt for a while, NASDAQ, the mysterious place in the previous life is now considered to have experienced it himself, and Yahoo's listing journey has finally been completed.

Li Feng is full of expectations for the next development of Yahoo, perhaps because of his own reasons, Yahoo in this life will be stronger than in the previous life, at least before the Internet bubble bursts, it goes without saying what it means.