Chapter 300: The Impact of Google's Listing
Just when the content of "Internet +", "positive energy" and "Internet Conference" on the Internet of the Celestial Empire continued to swipe the screen, the news of Google's official listing spread to China.
On August 19, 2004, Google's stock was officially listed on the NASDAQ exchange. Google's IPO (initial public offering) price was $85, and on the first day of listing, Google's stock price closed at $34, up 18% from the IPO price, with a market capitalization of more than $20 billion. Although the first-day increase does not seem to be very large, if you consider that the entire trading market was in a downturn when Google went public: the Nasdaq market was at a multi-year low, technology stocks fell into a state of "stalling", and many technology company IPO transactions have been postponed or canceled, you will find that Google's IPO performance is still good.
In fact, it was Google's listing at that time that woke up the entire Nasdaq stock market. While Google Search had been around for years before going public, it was the IPO deal that made it a success in attracting public attention. And once people started using Google products, everyone understood how powerful Google search really was. A real-life example of this is that a lot of people switched from Yahoo to Google at the time. As for other competitors like Ask Jeeve, they're more of a joke in front of Google.
Jiang Hui went to search for news related to Google's listing, but found a few very interesting things.
1. Before going public, Google decided that the amount of funds raised by its IPO was 2718281828 US dollars. This number looks nerdy, the first nine digits are actually the irrational number e, and those who study science should know this ubiquitous e.
2. In order to determine which bank underwrote the IPO shares, Google released a detailed questionnaire and asked the bank to fill it out carefully. This has annoyed some bankers. There are subtle differences between the surveys that Google sends to all of these banks, and if they leak, Google will soon be able to find out which bank did it.
3. On the day of the listing, co-founder Brin did not show up to ring the listing bell because he didn't want to take a night flight. Page showed up wearing a suit he had purchased at Macy's.
Fourth, although Google's IPO made a large number of employees rich overnight, they simply celebrated by eating ice cream that day. Google even warned employees not to flaunt their newfound wealth or let their victories get carried away. On the day of the launch, Google's head of engineering even told employees that if he saw a new BMW or Porsche parked in the parking lot in the next few days, he would smash their windshields with a bat.
Google's listing also made Du Niang impatient, not more than 20 billion US dollars, as long as half of Google's half is enough. The money raised is enough to turn the Celestial Empire Internet upside down.
Google's IPO has invigorated technology stocks, which makes Jiang Hui feel the need to speed up the pace of development of the Korn Ferry Group. Otherwise, a whole lot of money would start pouring into the Internet space. As a person who has come over, Jiang Hui knows that 2005 was a very special year in the Internet industry of the Celestial Empire, and many Internet companies were established in this year.
Since then, there has never been a year in which so many well-known Internet companies have been established at the same time. Although the school intranet, Tudou and other companies were withdrawn by Jiang Hui in advance, and now in 2005, there may not be those companies in the previous life to be established, but it is precisely because of Jiang Hui that the Internet market of the Celestial Empire is more active, and more funds and talents will be invested in the Celestial Empire Internet market in advance.
According to Jiang Hui's previous ideas, companies such as Intranet, Meituan, Tudou, and YY Live will need to consider Series B financing at the end of this year. However, now the group has Guanghui Games, a big money-absorber, and three or four billion yuan of funds are recorded every month, in addition to the funds reserved for the construction of the data center, the excess can be invested in other companies of the group. These companies will know that future valuations will be scary, and there will be no need to sell their shares to venture capitalists or other institutions without losing their money. Unless the other party can bring some special connections and resources to the company, it can be considered, just like Jiang Hui's investment in the Dream Band a few months ago.
As for the other shareholders, if they are willing to inject capital with Jiang Hui, there is naturally no problem, if they don't accept it, they can only continue to dilute their shares, anyway, they can't complain about Jiang Hui in the future.
At the same time, having registered a glorious Weibo, Jiang Hui felt that it was time to enter the substantive preparation stage. From the rotation of a few people from each company to Guanghui Weibo, and then recruit a group of people from the talent market, it is enough to have twenty or thirty people in the initial stage, and wait for the official launch in the early stage of recruiting manpower, so that it is easier to do a good job in the confidentiality of the project.
Before the popularization of smart phones and the emergence of WeChat, Guanghui Weibo was the most important project of Jiang Hui in addition to Guanghui Pay and Guanghui Games. Meituan, YY Live, etc. have certain limitations, and their future is destined to be no match for Guanghui Weibo, not to mention the valuation of more than 10 billion US dollars at the peak of Weibo, and other companies in terms of social influence are also difficult to match. Although with the rise of WeChat, the influence of Weibo will decline, but at least for a few years, there is no company that can replace the position of Guanghui Weibo within Guanghui Group, so Jiang Hui is very cautious about matters related to Guanghui Weibo.
In addition, in addition to Guanghui Weibo, Jiang Hui had asked Dai Fuqian to find a group of people to study drones, and there are already a group of people working, but they are all in the theoretical research stage. Jiang Hui felt that it was necessary to equip the drone team with an office space and a laboratory, approve some funds for model making, etc., accumulate a year or two, and quickly launch it on the market after a breakthrough in technology.
According to Jiang Hui's positioning of the Guanghui UAV, the first batch of models are mainly used for aerial photography, which involves image processing and signal transmission. Jiang Hui's professional direction for his Ph.D. is the transmission and processing of wireless and image signals, which happens to be highly related to drone projects. Jiang Hui plans to ask the drone team to make the mechanical model first, and then find a time to retreat to get out the core aspects of the control system and image system.
As the first project of the Korn Glory Group involving industry, Jiang Hui hopes to do it as well as possible, which is also the place that can best reflect the professional advantages of his previous doctorate.