Chapter 715 Preparation for Listing
Donald has been in a bit of a high-spirited mood lately, and he is preparing for a Facebook listing, which is one of the main things for the Wang family lately.
Since Facebook beat my space and became the No. 1 social networking site in the United States, it has the potential to go public.
This kind of unicorn-style enterprise with the largest enterprise in the industry and enough topical enterprises is the most suitable for hype.
The four major securities companies on Wall Street have joined forces to call, and there is a lot of Facebook that cannot be published, but there is no trend in the world.
Mark, Donald, Sophia and David all believe that Facebook is now on the market.
Facebook is listed, Donald will not become a super-rich like Xiaozha, the main equity of Facebook is concentrated in the hands of Mark, Donald, and Kayla, and then merged into the family fund, becoming one of the main assets of the family fund.
Facebook announced that it had raised $1.5 billion in its most recent funding round, valuing the company at $50 billion. At the same time, Facebook also said that due to the rapid increase in shareholders, it had to start filing public financial reports with the SEC (Securities and Exchange Commission) by April 30, 2010.
While Facebook can choose to remain private by filing public financial reports as required, there is no reason to remain private when they have to face the tedious task of filing financial reports with the SEC and increasing financial regulation. It is highly likely that they will go on an IPO in April 2010.
Facebook has a market capitalization of $50 billion, and it was they who transferred 40 percent of their shares to Wall Street in exchange for this valuation.
Pengbo Information pointed out that the overall performance of Wall Street investment banks was poor last year and this year, and they all relied on Facebook listings to make money.
The current market is really hungry to the point that it is not enough to save the market without Facebook.
Since its inception in 2004, Facebook has garnered unparalleled attention and acclaim under Mark's leadership.
If nothing else, and if there is no vandalism, the social networking site, which has more than 900 million users, will have an exciting moment - to go public!
If the IPO is successful, Facebook's valuation will grow from more than $4 million in 2004 to $100 billion today.
Regardless of the market capitalization and the amount of cash in the account, it is clear that for Donald, the founder of Facebook, and his Wang family, this is just the beginning. The Wang family will continue to dominate Facebook, which is what sets Facebook apart from other listed companies.
Facebook is owned by the Wang family, and it is Donald Wong Ronaldson who is in charge and control, a young man who is only 24 years old, and it is difficult to imagine how a 24-year-old young man will manage and control everything about Facebook.
In a sense, Facebook's listing shows that it meets the needs of users, conforms to market rules, and can help companies make profits. However, on the surface of the listing, what Facebook wants to dominate is not the little money in the hands of shareholders, but the communication infrastructure of the entire planet. Many times, what can be seen with the naked eye seems to be real, and what cannot be seen with the naked eye reflects the essence of things.
Facebook has been "operating" users since its inception. Users contribute content and data to Facebook, and Facebook has the ability to integrate and operate this information and data.
And in order to ensure that this routine operation can continue to operate normally, even if Facebook is listed, he has to take the initiative in his own hands. However, it is very difficult for anyone to lead and manage Facebook in order to treat user information and data fairly and impartially, let alone a young man who is only 24 years old.
Facebook's immediate priority has become to continue to deepen Zuckerberg's belief in consistent transparency and promote more sharing and communication, rather than turning Facebook into a big-money company. As hard as it was, Donald had to do it with both hands, and both hands were hard.
In addition to the leadership of the opposite book, Donald has also invested heavily in the shareholding structure. Generally speaking, media groups with a certain background will divide stocks into two categories. Common shareholders and institutions can hold common shares, while another, more high-quality class of shares is primarily held by the founding families.
This has the advantage of enhancing the voting rights of family members and ensuring that shareholders do not hold more common stock than their shares. As a result, ordinary shareholders have relatively little influence on the company, but they are also prone to monopolistic behavior.
In 2009, Donald made a similar plan and choice. He converted the shares of the family fund and partners into B-class shares, ensuring that they would retain control in the event of a written listing to the public.
Google, which went public in 2004, did the same. These high-quality shares, mainly concentrated in management and managers, have 61% of the voting rights. Shares held by common shareholders do not pose any threat compared to premium shares.
In order to help Donald steer the company, Facebook announced last month that former US President Bill Clinton White House chief of staff Bowers was appointed as a director of the company. Bowers is currently the President Emeritus of the University of North Carolina by the National Committee on Bipartisan Fiscal Responsibility and Reform.
And just over two months ago, Facebook just brought Netflix CEO Dewey into the company's board of directors.
Facebook's choice of who joins the company's board of directors is very strategic, and Dewey has extensive experience in IPOs of online companies, which has led to the industry's widespread expectation that Facebook will go public in the near future. In terms of film and video, as the CEO of Netfei, the largest online film and television rental service provider in the United States, Dewey has rich experience, which is also extremely valuable to Facebook. The appointment of Powers will help Facebook achieve a more solid presence in the Washington area.
Facebook's chief operating officer, Shelly Sandberg, also has a wealth of experience in politics. Sheri Sandberg was Chief of Staff to the Treasury Department during President Clinton and an economist at the World Bank.
Donald, CEO of Facebook, said: "Bowers has held a variety of senior positions in government, academia and business, and this experience will help him gain insight into how to structure and manage the complexities of a company. Bowers also has a wealth of experience in building companies, which is invaluable to us in expanding our business. ”
"What is clear is that Facebook has become a force for transformation on a global scale," Bowers said. I look forward to joining Facebook and contributing in any way I can. ”
He has founded a number of investment companies and is currently a director of many companies such as Da Mo
Bowers also currently serves on the board of directors of several companies, including Morgan Stanley.
Bowers began his career at Morgan Stanley and co-founded several investment banks before founding a venture capital firm and co-founding private equity firm Carous.
Bowers graduated from the University of North Carolina and received his MBA from Columbia University. In 1991, President Clinton appointed Bowers as administrator of the federal agency Small Business Agency. Bowers joined the White House in 1993 as Clinton's deputy chief of staff. He served as Chief of Staff in the White House from 1996 to 1998, during which time he was a member of President Clinton's Cabinet, where he was responsible for the National Security Council and the National Economic Council.
In addition to Bowers, current Facebook directors include Donald, Donald Graeman, chairman and CEO of The Richton Post, CEO John Dewey, and hedge fund managers Pete Thiel, Egger and Giselle.
Since February this year, Facebook has officially submitted an application for an initial public offering to the U.S. Securities and Exchange Commission, and Facebook's valuation of up to $100 billion has also boiled the entire Internet technology industry, knowing that in 2004, Google's IPO valuation was only $24.6 billion, which made him one of the greatest IPOs in history.
In any case, many companies are adored by a new Internet giant like Facebook, and Facebook's ultra-high valuation is also related to its unique Internet model, which makes more and more people feel the charm of Internet social connection, which is more vivid and interesting, compared with traditional Internet search and Internet portals, it is also closer to the general public, users can create their own Internet content, not just a reader, it can be said that the emergence of Facebook has changed the entire Internet.
The hottest topic in the global high-tech industry lately is the public listing of Facebook. Whether Facebook is worth such a high market capitalization is a matter of opinion. Some people believe that the development of the social network market is just beginning, especially since Facebook has a base of 900 million active Internet users, and if it can create more business opportunities in other areas in addition to advertising revenue, the future is limitless, but others believe that from the perspective of rational investment, such a phenomenon of Facebook is like a copy of the dot-com bubble in 2000.
To be honest, Facebook's current environment is far from the time and space that led to the dot-com bubble. Today, not only is the overall information network infrastructure more complete, but the global network population has grown significantly. Moreover, compared with the Internet companies that pursued this dream at that time, Facebook not only has a continuous growth in revenue, but also has a good profit performance, and there is still room for development in the original field in the future, and it is ready to go in the mobile market, which is why it is favored by investors.
However, Facebook's future development is not without risks, such as increasingly fierce competition on social networking sites, a high concentration of revenue in a single advertising revenue, and the increasing importance of the mobile market, but Facebook's current weak foundation and slow progress, strict restrictions on market development by many governments, revenue growth has begun to slow down, and costs have begun to increase significantly.
Nevertheless, from the perspective of capital market operation, if Facebook can successfully complete the fundraising plan at the expected high price, it means that investors are quite expectant about the future development of Facebook, which not only injects hope into the e-commerce and online industry, which has been sluggish in recent years, but also symbolizes the advent of a new era of community, and also means that the portal is in decline.