The Facebook listing can really be said to be a global concern, at least in some circles, this is because there are too many people paying attention to this matter, naturally because the Facebook listing is too worthy of attention.

Founded just seven years ago and with more than 900 million users worldwide, the IPO process of the upstart Facebook has been in the spotlight as a leading force in social networks. It's this one, billed as the most unmissable IPO of a decade, that is what Facebook now brings to the table with all the glamour and influence.

But when Facebook was about to go public, when Zhang Xian accompanied Facebook's senior executives to run commercial performances, some secret conspiracies were also continuing. Whether it is the conspiracy of Facebook executives or Zhang Xian's, or the exchange, other investors, and underwriters, everyone is thinking about their own interests, especially now that Facebook is about to go public.

Everyone is optimistic about the prospect of Facebook listing, and everyone is preparing to see the event. But maybe after Facebook goes public, many people may be extremely frustrated, many people will be extremely angry, but there are also some people who may be very happy!

Li Daoyuan urgently arrived in the United States, and there were some professionals in his dream; Chen Jianxin did not return to China immediately, his honeymoon trip was completely over, and he immediately led the team to start his own work.

"Mr. Zhang, is Facebook really making a fuss about information asymmetry?" Li Daoyuan was nervous, and the executives were nervous, paying attention to Zhang Xian, and paying attention to what they were worried about.

Zhang Xian smiled and said his thoughts, "Maybe, it's my guess." I think they're making a fuss about the asymmetry of interest information, and if nothing else, they must be trying to breach their fiduciary duties. You have also seen Facebook's IPO prospectus, but one on the surface and one behind the other. They did not report changes to earnings expectations. ”

Li Daoyuan thought about it and slapped his face, "Gao, the manager and investor of Facebook, this is going to make money from investing in the public." When making products, they encourage users to share their lives and increase the number and quality of users. But it's going to be listed, and everyone is encouraged to buy excessively. ”

There are warnings and analyses about valuations, profits, revenues, strategies, and so on, but they now seem to have been ignored by avid investors. Therefore, they are likely to be humiliated by Facebook, and then take money out of their pockets in the process, making them not only lose face, but also cut their flesh!

The purpose of an IPO boils down to the maximum amount of cash that the market can give to a particular company at any given moment. Nowadays, many people are basically waiting for Facebook to go public, but they have squeezed almost all the money that the public market can provide for Facebook.

"I think as soon as Facebook goes public, it's likely that the valuation will skyrocket. Led by Morgan Stanley, more than a dozen of the world's most heavyweight investment banks are also estimated to be on the battlefield. Basically, they want to buy to support the price of the stock. So the issue price is expected to be very high, and I want to sell the shares at a reasonable price. ”

Zhang Xian crossed Erlang's legs, lit a cigar, and looked at Zhang Xian's smile with a sunny and bright appearance, Li Daoyuan and the others felt their scalps tingle. Even if you understand Zhang Xian, but now you look at Zhang Xian's true appearance, you will still feel Zhang Xian's shrewdness and black heart!

It's clear that Facebook executives want to slap everyone up, and Zhang Xian and Zuckerberg must have reached some tacit understanding on some things. In other words, their secret arrangements and exclusionary clubs are 100 percent sure that Zuckerberg and his supporters can decide who can make a profit, and when.

They'll make money investing in the masses, but others will make money on Facebook stocks.

Sean Parker, D'Angelo, Chris Hughes, as well as Moskowitz and Shirley Sandberg, are members of this conspiracy. Naturally, this includes Zhang Xian, as well as the leader Zuckerberg, who is a member of Facebook's board of directors, Zuckerberg's comrades-in-arms, and Facebook's founders or executives.

These people are greedy, and they know that doing so may make people unoptimistic about Facebook's shares for some time to come. But if you miss this time, you will lose a lot.

Because whether it is investors or employees, everyone knows that now is probably the best time for their stock price in the short term, because people are rushing to buy Facebook shares, although Facebook has been growing more slowly recently.

Will it take time for advertisers to accept the "Sponsored Stories" model of social advertising, whether it will continue to grow in the future, whether the general environment will deteriorate in the short term, and whether the problems in Europe will become more serious......

All of this has its uncertainties. So take advantage of the good opportunity of the IPO, when many investors are rushing to buy Facebook shares, sell as much as they can, and sell as much as possible, because it is a good time for them to cash out early.

Moreover, the current investment environment is also very important, the global economic recession has not improved in recent years, global investors are more and more eager for funds, and the fear of future social network bubbles still exists.

So there is such a thing as being in the bag, there can really be something, and it is safe to do!

It may have some repercussions, and it may attract a lot of scolding, but it makes money, and that's what matters!

Facebook listing has entered the final process, listed on NASDAQ, the stock symbol is FB, and the lead underwriters are Morgan Stanley, ****, and Goldman Sachs.

In fact, this is also an attempt to dilute the shares of some people and institutions; Zach has nearly 30 percent of the shares, and Zhang Xian and Zhu Jiarun have 15 percent of the shares. Parker, Moskowitz and others also have a lot of Facebook shares.

"Mr. Zhang, many people are not very optimistic about Facebook's revenue prospects, and you should have noticed that the revised listing documents submitted to the regulator were announced during the roadshow. Facebook is said to admit that the number of its users is growing faster than its advertising revenue, a trend that could adversely affect the company's earnings. ”

One analyst voiced his concern because Facebook has never been free from the question of a bubble, and revenue is the most critical metric to support the stock price. And Facebook's revenue has always been a bit problematic. Once Facebook goes public, it will have to maintain a steady growth in revenue to keep the stock price high and even higher.

Another analyst looked at Zhang Xian and said cautiously, "And Facebook's pricing may be a bit problematic, and now the information obtained is maximizing the income in the IPO, and Facebook's CFO wants to control the increase in stock price." They're a little greedy. ”

Zhang Xian exhaled his cigarette and smiled, smoking cigars is now a hobby of Zhang Xian, because it does not enter his lungs. Although it still has some effects on health, whether it is for pretending or relaxing, Zhang Xian has indeed slowly developed this habit.

Facebook and underwriters still choose to raise the issue price range and expand the size of the stock offering when the IPO price is already widely considered to be relatively high, and such greed is likely to cause some troubles caused by the listing.

The law of supply and demand is actually very simple, Zhang Xian can certainly understand it, the most straightforward way to put it is that if the price is too high, people will not buy, and if they try to sell more goods than they demand, the price will naturally fall.

"I'm not asking you to help me analyze Facebook's stock price after it goes public, and I'm not trying to lead Facebook to grow and grow. Facebook's stock price may not move well in the short term, but it doesn't matter. What I'm asking you to do now is to sell some of your shares at a reasonable price and cash out. See what I mean? Wait until they're on the market and sell them at a high price!"

After Facebook's listing, it is estimated that the stock's subsequent weak performance has created many losers. But this will definitely not include Zhang Xian and Facebook executives, they are the ultimate beneficiaries, they are all greedy.

As for temporary losses and infamy, it doesn't matter, Facebook with a good future will surely become a favorite for Wall Street and investors once again. But until then, the money that should be earned is still to be earned!

Because the total size of Facebook's online advertising spending is growing, it doesn't matter if it's sluggish in the short term, it's optimistic in the long term.

"Mr. Zhang, if you sell stocks, are you satisfied with selling at what price?"

Zhang Xian thought for a while and said, "Ten percent of the time to decisively sell 30 million shares, I now have more than 250 million shares and options in my hand, it doesn't matter if I sell 30 million." As you know, this issuance of shares is in the form of stock issuance, and I am paying taxes and paying taxes. ”

Hearing Zhang Xian say this, the people in the conference room wanted to laugh but did not dare to laugh, and Zhang Xian's sale of shares was not unexpected, as it was mentioned in Facebook's prospectus. Zhang Xian has some stock options in his hand, and he needs to pay the corresponding taxes when he exercises the expired stock options.

Under such circumstances, Zhang Xian and Zhu Jiarun have to pay taxes and improve their lives. That's natural selling and cashing out, it's normal.

This is not surprising, as many shareholders will sell their shares after Facebook's listing. In fact, some media and institutions have already sorted it out, which also makes people see the future money of Zhang Xian and Zhu Jiarun.

If Facebook is valued at $100 billion, and assuming that Facebook has 2.5 billion shares outstanding, the price of each Facebook share would be $40, and the exercise price would be less than 10 cents. In this way, it is billions of gains.

As for the taxes that need to be paid, it is also nearly a billion dollars!

If you want to say that it is cost-effective, it must be cost-effective, if you cash out now, you can make a lot of money, and if you cash out now, even if you pay taxes, you can get hundreds of millions of income in one go. Even if you take it all to exercise your rights now, your income will be big in the future!

Zhang Xian and Zhu Jiarun are very clear that they need to pay a lot of taxes, although there are some reasonable means to avoid taxes, but there are some things that cannot be avoided. Life is so good now, Zhang Xian and Zhu Jiarun don't plan to make trouble in some places.

They don't need to think too much, they have a huge economic and financial team behind them.

The conference room was smoky because a lot of people were calculating something, and the Facebook sell-off was almost certain that it would be a whole bunch of investors, retail investors, and publishers who needed to protect their disks. As for what is earned, it is estimated that it will be the infamous Facebook executives and some shareholders.

"When the money arrives, I may use it to invest in media companies and WeChat. Drove away the data engineer and analyst, Zhang Xian looked at Li Daoyuan, smiling still sunny, "What should be diluted, dilute it." ”

Li Daoyuan was stunned for a moment and said, "It's the Cayman ...... who go."

Zhang Xian didn't speak, and Li Daoyuan also understood; tax havens, Zhang Xian and Zhu Jiarun knew this very well. Even there have been plans for a long time, and many large companies and bosses in China are actually like this, registering investment companies in some tax havens and so on.

In order to attract foreign capital inflows and prosper the economy of their own countries or regions, some places such as the Cayman Islands and the Virgin Islands will set a certain scope in their countries to allow foreign investors to invest and engage in various economic activities. and the acquisition of income or the ownership of property without direct taxation or the introduction of a low direct tax rate.

The biggest feature of these offshore financial industries is that they help to avoid taxes, as long as they pay a registration fee, they can basically pay a lot less taxes. Many large foreign enterprises, especially Internet companies, are registered offshore, and the domestic ones are actually similar.

Zhang Xian and Zhu Jiarun will not fail to pay the taxes that should be paid. But if you can pay less, the two of you will definitely not be polite.

"WeChat's current financing prospects are very good, and if it comes in again, it will definitely be no problem. Now the penguins are chasing after them, and they seem to be very interested in this business. Li Daoyuan thought for a moment and said, "If you want to continue to expand, you definitely need more investment." ”

"So I'll invest another one this time, and I'll call Zhou Tong when I go back, and wait a little for financing. As for Penguin wanting to make a fuss with us in the instant messaging business, then keep doing it. Zhang Xian is very serious, very serious, "Their main income now is still games, right? ”

"Mr. Zhang, the shares of those Riot Games in your hand actually don't have much impact on Penguin......"

Zhang Xianle smiled very cheaply, "Keep dragging, if they want to complete full control, I'll disgust them." They haven't launched this game yet, so let's wait until the national server is launched. I'm just going to disgust them, and I'm bullish on this game. Although I can't get much direct benefit, I still have to let them shed some blood! I have been on Weibo and WeChat for so long, if it weren't for them, how much money would I have saved!"

Li Daoyuan really didn't know what to say, Zhang Xian sometimes seemed very sensible, and sometimes he was very indifferent and even shameless. But sometimes, it's really naïve and cautious.

The little stake in Riot Games really doesn't have much impact on Penguin, but if Zhang Xian never sells it, it will be really disgusting, after all, Penguin is really optimistic about this game!