286 style, understated
On July 25, 2011, Weibo was listed on the NASDAQ, with the ticker symbol B and Goldman Sachs and Credit Suisse as lead underwriters. A total of 20 million American Depositary Shares (ADSs) were issued, and one depositary share was not issued to represent one ordinary share of Weibo.
The choice of the lower end of the $17 share price estimate is due to the general weakness in the U.S. IPO market, and also because the outlook for Chinese technology companies previously listed on the U.S. market is not particularly good.
Zhang Xian and Zhu Jiarun, the major shareholders, hold 49 percent of the shares, the second largest shareholder, Ali, holds 25 percent, and Weibo CEO and co-founder Zhou Tong also holds 11 percent. The remaining 15 percent of the shares are in the hands of some investment institutions or investors, which is harmless.
As for voting rights, it goes without saying that Zhang Xian, Zhu Jiarun and Zhou Tong hold Class B ordinary shares, and the dual shares make them firmly control Weibo. And Ali and other shareholders are basically impossible to meddle in some of Weibo's decisions.
But this is nothing, because after Weibo goes public, Zhang Xian and Zhu Jiarun's shares will definitely decline, and Alibaba's shares will definitely increase, because they will buy some Weibo shares.
When Zhou Tong rang the button to ring the bell for Weibo's listing, Weibo was successfully listed; the opening price was $17, but after Weibo's listing, the stock went red all the way, rising by more than 15 percent, and Weibo's market value exceeded $4 billion in one fell swoop!
After Weibo's listing, the equity relationship with Zhang Xian and Zhu Jiarun has only changed quantitatively, and in essence, Weibo is still a controlled subsidiary of Mengzhongren Group, and Zhang Xian and Zhu Jiarun have absolute controlling stake and voting rights.
As for financing, it is not for dividends or anything else; why should I use the funds that I have raised with my ability? The amount of funds raised by Weibo's listing has exceeded $500 million, and such a sum of money is naturally used to develop Weibo. This low-cost financing is certainly cost-effective...... Moreover, compared to financing, there is almost no need to take out many shares.
Listing, in fact, Zhang Xian also seems to have a bit of a circle of money; take the investor's money and use it for the development of Weibo!
"Husband, there are a lot of people who are helping us calculate our value. Zhu Jiarun called with a smile, in a good mood, "As soon as Weibo was listed, our value rose a little, the two of us haven't said anything yet, and many people seem to be more invested than us." ”
Zhang Xianle said with a smile, "It's just to join in the fun, it's to calculate whether we can sit firmly in the position of the richest man this year." I don't think it's a problem at all, as soon as Facebook went public, it basically sat in that position. What is Weibo now, it can only be regarded as a small increase, not worth mentioning!"
This is standing and talking without backache, this is too loud breath; such 'not worth mentioning' is more than a billion dollars!
But Zhang Xian really didn't think it was remarkable, Weibo's social networking site in China was a giant. However, in the capital market, it still has a lot of room for growth, and now Weibo is not a real behemoth; of course, this is compared with Penguin, Ali and other companies, in fact, the achievements and performance of Weibo listing have aroused the appreciation of many people in China.
As for Zhang Xian and Zhu Jiarun, there are more comments, because the value of this couple seems to be constantly expanding, they continue to make some projects, and they have achieved achievements that most people dare not image in their lifetime.
Moreover, it is said that they have invested in a lot of potential Internet companies, or some high-tech industries, and these two guys are staring at some embryonic and growing enterprises, throwing money and resources into them, and then they are ready to sit back and enjoy their success.
Naturally, this kind of cool talk cannot be fully believed, investment is still risky, and for many entrepreneurial enterprises, they are indeed short of money, but not only lack of money, they sometimes lack resources.
Fortunately, Zhang Xian and Zhu Jiarun are now asking for money and resources, although it cannot be said that every investment is invincible, but basically it still meets their expectations.
It's not just that they are named to invest in some companies, but there are some elite soldiers in the dream of investment; these people's investment results are still good, at least the dream people can create a lot of wealth and value every year, not just rely on Zhang Xian and Zhu Jiarun to guide the maze. Otherwise, why create an investment department, you can't really be so extravagant to 'get started'!
There is no great sense of achievement, but Zhang Xian is very happy, after all, he has made a project, and he has made a lot of money, so there is no reason not to be happy.
Weibo shareholders and executives led by Zhou Tong are also happy, because Weibo's listing has greatly increased their value, because Weibo is favored by the capital market, which proves that their investment is extremely successful, and it seems that the potential is quite good.
Hello everyone is really good, and there is money to make together, and because this is just the beginning, Weibo listing is not the end, this is just a new starting point. The funds obtained by Weibo's listing must be used for the next development, and if Weibo wants to continue to grow, there are still many things that need to be done.
The celebration banquet is naturally indispensable, and Zhang Xian, the actual controller of Weibo, has naturally become the focus of many people's attention, especially for some people with a heart, Zhang Xian's very low-key personality of 'living in a simple place' makes many shopping malls and social stars very helpless, and it is not easy to get close to Zhang Xian.
Zhang Xian is still very low-key, he doesn't plan to show his face, or he is not interested in some commercial drinking parties, and he doesn't plan to become a member of the bigwig's circle of friends;
However, Zhang Xian will not be absolutely low-key, there will still be some activities that should be there, and he basically has a casual attitude in front of the public and in terms of social interaction. I am not keen on brushing up on popularity and fame in public, nor do I expect to have a good personal relationship with the bigwigs in terms of social affairs;
As long as there are benefits and needs, Zhang Xian will consider it.
The family is very happy, because Zhang Xian seems to have succeeded again, and they know that these things are not too big to care about Weibo, but they know that the so-called 'no matter' here means that Zhang Xian does not interfere in the daily management and operation of Weibo.
They also know that Zhang Xian usually deals with some things on Weibo. It is clearer that Zhang Xian often checks Weibo, and the strategic development direction of Weibo basically requires Zhang Xian's nod.
And now Weibo is successfully listed, and the stock looks very favorable, which proves Zhang Xian's success, which is a proof of Zhang Xian's achievements.
Zhang Xian, who returned home, was very happy, and heard that his aunt and uncle had also arrived in the capital, so he followed his parents with Zhu Jiarun to be guests.
"Auntie, cook less, I'll just eat as much as I want. Touching mahjong, Zhang Xian shouted in the direction of the kitchen, "I'm very picky at eating now, just burn some braised pork and shrimp." ”
Zhang Siqing, who was watching the battle, said angrily, "It seems to be burned for you to eat, and it's okay if you don't let you eat vegetables." Didn't you say you wanted to eat moldy tofu, your aunt brought a lot of it this time. ”
Yo, this is a good thing, Zhang Xian likes to eat it very much, and now these things are really good things to eat. Compared with big fish and meat, Zhang Xian obviously prefers to eat some authentic and characteristic side dishes or snacks, which taste good.
Zhu Jiarun didn't understand mahjong, and he was watching the game next to him, especially the local mahjong, so he moved the chair and sat next to Zhang Xian with a smile, and he was also watching the game.
In fact, Zhang Xian's skills in playing mahjong are really average, and he can't play three mahjong games a year. That is, when I arrived at my aunt's house, I saw that my two cousins were there, and I knew that my mother hadn't played mahjong for a while, so I proposed to play mahjong.
The eldest cousin is obviously a good player, and he is definitely a character who often plays mahjong, while Zhang Xian and his little cousin Chen Jianxin have to hesitate for a while after drawing a card.
When I come to my aunt's house, I naturally don't talk about some things at work. Obviously, work is not the focus of concern, and now we are still talking about children, especially Zhu Jiarun, who has a big belly now, so naturally he is more concerned.
"Cousin-in-law, do you and Brother Xiaoxin have any plans to have a baby?" Zhang Xian was still quite gossipy, and he could only chat when he was kicked off the table, "It doesn't matter if you and Brother Xiaoxin have a plan, they will definitely give you leave at that time." Don't worry about work either, the location is definitely reserved for you. ”
Of course Lin Liyan is happy, although many domestic companies now say that they will formalize and give maternity leave, but to speak in conscience, many people still dare not take too long leave.
Even if he is not fired, once this maternity leave is long, this position may be gone. In the final analysis, the most important thing in China is talent, especially many talents who are not the top, so they are even more grasped, and there is really no need to worry about no one to replace them.
Zhu Jiarun also said, "When the time comes, I will give my cousin-in-law a one-year vacation, confinement and two months of children." You and Brother Xiaoxin are not too young, you should think about it. ”
Lin Liyan was a little embarrassed, but she really couldn't be embarrassed in this matter, "It doesn't take so long, three or four months is completely enough." ”
Zhang Xian and Zhu Jiarun are not polite, they are not absolutely good people, and they also know some things in the company. But sometimes I just pretend to be confused, and I won't be too impersonal, but I won't compare the benefits with some Nordic companies, which will only bring a greater burden.
Compared with some domestic enterprises, it is enough to be more than enough. But for one's own relatives and friends, it will certainly not be so harsh; in the end, it is impossible not to take care of the relationship.
The lazy Zhang Xian is very satisfied with the life of visiting relatives and friends, and is very satisfied with the life of staying at home and flirting with Zhu Jiarun; as for the booster that Weibo has brought to some domestic technology companies and Internet companies after it is now listed, he will definitely not pay attention to it. As for what interview, it's good to find Zhou Tong, she is the person in charge of Weibo.
The people in the chairman's office are very smart, and even if they get too many applications, they are basically ignored, regardless of whether you are a high-end cocktail party or an interview, whether you are a speech or a presentation.
Because they are very clear, they know very well that the boss is not interested in these, and going to the financial channel to brush their faces, or going to talk shows to play high-end, that is really not the boss's style, so whether it is Phoenix or CCTV, basically will not give them a chance.
Speaking of which, among the domestic business tycoons, Zhang Xian and Zhu Jiarun really belong to the relatively few who appear on TV. At the very least, the two of them rarely talk to the camera.
As for some media reports, that's another matter; they won't take the initiative to brush their faces, but if someone else wants to report on Facebook's second largest shareholder or the actual controller of Weibo, that's something that Zhang Xian and Zhu Jiarun can't control.
Zhang Xian was a little anxious, looked at his villa and said, "This capital is really not easy to live in, the price of the house is so high, there is not even a swimming pool!"
"You just have too many good days!" Huang Yuerong didn't get angry, looked at his son and said, "Didn't you have a swimming pool at home when you were a child, you weren't allowed to swim, didn't you run into the river every day!"
It's really cool to go to the pool on this hot day, but now, it's basically a public pool. Or spend a little more money and find a private club or something, and as for buying a house without thinking about the pool, that is, not thinking about staying in the capital for so long.
Rich people naturally do not lack good material comforts, and housing prices in the capital are indeed very expensive, but there are also some villas with pools. Speaking of which, there are really not as many villas with private pools in China as there are in the United States, and there is no way, too many people are one thing, and it is also because there was no such atmosphere before.
"We have it at the house by the West Lake, when the time comes, you can go for a swim. Zhu Jiarun smiled and was full of anticipation, "I also built you two basketball courts, one indoor and one outdoor, so you don't have to worry about rain and no place to play." ”
If you have a wife like this, what more can a husband ask for!
"I also got two rooms, which may add up to more than a hundred square meters, my cloakroom!"
Well, money can really be willful, but it's normal to think about it, if the domestic policy on private jets is more liberalized, Zhang Xian and Zhu Jiarun can fully bear the burden of private helicopters and the like, and getting a helipad is actually nothing.
"Wife, how big is our new house?" Zhang Xian was very entangled, and came over with a depressed face, "You didn't tell me about the house, and I wasn't allowed to see the photos, and I didn't even know where it was." It's a bit unreasonable, at least give me a breath. ”
She glanced at Zhang Xian delicately, Zhu Jiarun ignored Zhang Xian, she had seen the new house, and Zhang Xian's parents also knew. However, they reached a united front, that is, they unanimously disagreed with Zhang Xian, even if Zhang Xian's parents must be more biased towards Zhang Xian, they still listened to Zhu Jiarun's opinion on this matter.
Surprised, and this daughter-in-law is very good, a lot of things are just for Zhang Xian's consideration, so this matter is still up to their little couple to trouble.