Zeng Liqing is also thinking about these issues, after all, he is an employee of Thousand Demon Technology, and the interests he considers are naturally the interests of Thousand Demon Technology. Pen × fun × Pavilion www. ｂｉｑｕｇｅ。 info, and Wang Zhiyuan also told him, if he finds a good project, strive for a controlling stake or a major shareholder.

"There is no specific plan for this, our initial plan is to have a valuation of 50 million to 80 million US dollars, raise 5 million to 8 million US dollars, and introduce more than one strategic investor. Li Yanhong said.

He consulted with relevant people to obtain these valuations, and his goal was to value $100 million, but unfortunately he couldn't do so.

"We will have to wait for a few days, and we will give you the plan together after we have made it. Zhou Wenjie added.

"Hmm. Wang Zhiyuan nodded and asked, "Is there any intention to invest now?"

The so-called intending investors, as the name suggests, are those investors who are optimistic about the future of Qiandu Search, are willing to invest, and take the initiative to find the door.

"There are no big investors yet, but there are a few small investors, but the amount of capital contribution is very small. Li Yanhong shook his head helplessly, if it weren't for this, he and Zhou Wenjie wouldn't have to work hard to prepare any plans!

"In this case, it is better to make the plan as soon as possible, and then go to the strategic investors. Wang Zhiyuan said.

At present, although Qiandu Search has a bit of a reputation under the influence of Microsoft, it is a new company after all, and it must try its best to promote itself, otherwise the wine will be afraid of deep alleys!

Li Yanhong nodded, paused and said, "There is one more thing that needs your opinion." ”

"What's the matter? So cautious!" Wang Zhiyuan didn't expect that this meal seemed to have become a meeting place.

Li Yanhong said directly: "I have a proposal, before financing, we will take out 5% of the shares to reward and absorb senior management and core technical personnel. ”

Zeng Li Qing was shocked when he heard this, but he didn't expect Li Yanhong to be ambitious, is this very optimistic about the future of Qiandu Search?

"Five percent?" Wang Zhiyuan said silently, five percent is not a small number. For example, if Qiandu Search is valued at 100 million, then what is 5 percent? It is equivalent to 5 million, and it is still a US knife.

5 million US dollars are exchanged for more than 40 million Chinese coins, but this is in the 90s, more than 40 million Chinese coins, which is really distressing!

"How?" Li Yanhong looked at Wang Zhiyuan, feeling the need to do so.

Zhou Wenjie on the side looked at Wang Zhiyuan with complicated eyes, he could get shares, and he planned to buy these shares when he raised funds.

Obviously, Zhou Wenjie has great expectations for the future of Qiandu Search.

Wang Zhiyuan gritted his teeth, and finally agreed, saying, "Okay, no problem." However, a complete plan must be developed. Who deserves it, in what way, and what are the restrictions?"

He thought about it, and now he had to increase the amount of financing as soon as possible in the financing process, so as to make up for the dilution of the shares.

"Then it's decided, and the specific implementation plan will be given to you at that time. Li Yanhong said with a smile.

Zhou Wenjie also smiled, he could benefit from it.

....

"Honey, have you had dinner?"

Wang Zhiyuan got up early in the morning and is now leaning on the balcony of his hotel room and picking up his mobile phone to make an international call.

At this moment, it is past 6 o'clock in the morning US time, and 7 pm in the domestic time of the same day.

Listening to Wang Zhiyuan's tone, he knew that he was calling home, and the person who answered the phone was his daughter-in-law ~ Yang Xiaojuan.

"I'm eating, husband, are you up so early, have you been busy lately?.... You have no one to take care of you abroad, so pay more attention to your body. There was a gentle voice of concern on the other end of the phone, and Yang Xiaojuan received a call from Wang Zhiyuan at about this time recently.

She knew that it was only six o'clock in the morning in the United States at this time, and in her opinion, Wang Zhiyuan must have worked very hard abroad. Every time she called, she had to take care of her time, Yang Xiaojuan was very moved, but she was also worried about Wang Zhiyuan.

"Don't worry, wife. I'm just here because I haven't gotten used to the jet lag yet, and now I don't have anything to do, so I guess I'll be able to return to China in a few days. Wang Zhiyuan said.

As he spoke, he asked, "Are you okay at home these days?.... Is Kiki okay, did she eat and sleep well?"

In fact, Wang Zhiyuan would call home once every three days, and would ask the same question every time. He really misses Yang Xiaojuan and his baby daughter.

"I'm fine, Kiki, everything is fine at home, you don't have to worry. Yang Xiaojuan said softly, and then asked hypocritically: "Husband, it's been a month abroad, do you miss me?"

In other words, I asked Wang Zhiyuan if he was messing around outside, looking for game or something....

Wang Zhiyuan sighed in his heart, and said with a busy smile: "I think, I think about you all the time, I can't wait to stand in front of you now, to relieve the pain of lovesickness, dear wife, I miss you!"

"Hehe.... I'll just assume that what you say is true. Yang Xiaojuan was happy and happy in her heart, she said affectionately: "Husband, I miss you too, you have to come back early." ”

"I know.... By the way, Kiki is here? I want to hear her voice. Wang Zhiyuan suddenly changed the topic and asked.

"Kiki, she fell asleep just now...."Yang Xiaojuan said, Kiki did just sleep.

"That's it.... Then talk to her next time. After that, Wang Zhiyuan chatted with Yang Xiaojuan for a while, and then talked to his parents for a while.

Finally, the call returned to Yang Xiaojuan, and she said: "Husband, go and be busy with you, Qiqi and I are waiting for you at home, come back early, we all miss you." ”

"Okay. I miss you too. ”

And just like that, the call ended.

Wang Zhiyuan did have something to do with getting up early today, but it was not a matter of work.

Two days ago, Wang Zhiyuan received an invitation from Yang Zhiyuan to participate in Yahoo's IPO offering. It is more like a celebration of Yahoo's IPO than a launch party.

For this kind of icing on the cake, Wang Zhiyuan is still willing to participate.

After half past eight in the morning, Wang Zhiyuan, Zeng Liqing and Li Yanhong came to the NASDAQ stock exchange on Wall Street.

Today is '96, and on April 12, Yahoo will be listed on the NASDAQ on Wall Street, ushering in the first trading day of the IPO public offering.

This is an important turning point for Yahoo and another moment of miracle for the Internet.

Just last year, it was also in this place, as the first company to go public on the Internet, that is, Netscape, that created a historical miracle here, swearing the advent of the Internet era.

Netscape's president is Anderson, and under his leadership, Netscape has continued its own pace since last year: moving forward with the company's IPO. At the time, Netscape was less than 16 months away from being founded, and it was far from achieving its goal of becoming profitable.

But that's it, Netscape still managed to make it to the NASDAQ. Just last August 9, Morgan Stanley and Humber Quest underwrote Netscape's shares, offering a total of 5 million shares priced at $28 each. On August 9, the first day of trading on the Nasdaq, the company's stock opened at $71, then soared to $74.75 before closing at $58.25. The market capitalization reached 2.7 billion.

It was a remarkable debut in every sense of the word. The New York Times wrote: "Regardless of the size of the offering, this is the best performing stock in Wall Street history on its first day of trading." ”

The IPO is proof that the Internet can be a place to make a quick fortune. Anderson's stock holdings are worth more than $58 million. According to the Wall Street Journal's observations, it took General Dynamics 43 years to reach a market capitalization of $2.7 billion, while Netscape took "about 1 minute."

And today, Yahoo is about to take this step, and there is no doubt that this will be another prosperous era for Wall Street!

Yahoo has rented separate rooms on the Nasdaq exchange, which are dedicated to the company's IPO offerings.

The room can accommodate up to nearly 1,000 people, and there is a large stage, and in front of the stage are several large display screens, which are used to display real-time information on the company's first day of stock issuance.

In front of the stage is a podium with the English logo of the NASDAQ, and at this moment the Yahoo English literary icon is also displayed.

And the surrounding area has been arranged, and Yahoo's word mark "YAHOO!" can be seen everywhere The decoration is luxurious, thriving, and thriving.

After Wang Zhiyuan, Zeng Liqing and Li Yanhong came in, they were under the table in the predetermined position according to the reception arrangement.

There are now hundreds, if not hundreds, of people in the hall, and important people are sitting at the front. Wang Zhiyuan: They were placed in the middle position, which seemed neither light nor heavy.

"What a grand event!" Zeng Liqing was the first time to participate in such a stock listing meeting, and he was shocked by Yahoo's formation.

"It's the first time I've seen such a scene, and I'm really looking forward to having such a day!" Li Yanhong must also want to develop and grow Qiandu before going public, which is a kind of glory and recognition for entrepreneurs.

"There will be such a day!" Wang Zhiyuan said in a firm tone, he had participated in this kind of distribution meeting in his previous life, and he had already seen a more luxurious and exaggerated distribution meeting than this, and he was already not surprised.

"I think so too!" Li Yanhong smiled confidently.

Zeng Liqing on the side suddenly asked: "Mr. Wang, Mr. Li, what do you estimate the market value of Yahoo's stock on the first day?"

"The market value of Netscape on the first day of public trading reached 2.7 billion, and it has become a miracle for Internet listed companies. Yahoo is currently impossible to surpass, and I estimate that 500 million is already a great deal!" After all, Yahoo and Netscape were very different in size and market position when they went public, and Yahoo was still a big step behind Netscape at the time.

"Mr. Li has a point, and I have privately pondered that with Yahoo's current strength and future potential, the valuation of about $500 million is already a bit overestimated, and $400 million is more reasonable. ”

Zeng Liqing has done his homework and carefully analyzed Yahoo, so he has such a judgment.

"Mr. Wang, what do you think?" Zeng Liqing wanted to know how Wang Zhiyuan evaluated Yahoo.

Li Yanhong was also curious, "That's right, Zhiyuan, tell me your opinion." ”

Wang Zhiyuan looked at them and said calmly: "The market value should be 800 million on the first day...."

"Eight hundred million!" Zeng Liqing and Li Yanhong said in surprise at the same time.

....

Yahoo was founded in 1994 in the United States by Zhiyuan Yang and David Ferro.

In less than two years, Yahoo will officially go public on Wall Street today, on the NASDAQ. However, according to the annual report, Yahoo's annual turnover in 1995 was only $1.3 million, and the actual loss was $630,000.

It wasn't supposed to be the best time to go to market, but Yang made a huge adjustment to Yahoo's future direction last year.

He believes that Yahoo is not just a website that provides a categorized catalog, but a new medium. For thousands of people to enter the information superhighway through the Yahoo portal, this is a must-go portal.

The direct consequence of this kind of thinking and thinking is that Yang Zhiyuan decided to go public, conduct an IPO, and then use the listing funds to develop Yahoo faster.

Facts have proved that Yang Zhiyuan's thinking and behavior are correct. He led Yahoo to a broad road and brought humanity from the door into the Internet age.... So he can be called "the first person in the century network"!

On March 7, 1996, Yahoo stock was officially listed, and although its two major rivals, Lycos and Excite, were the first to go public, this day was still rated as a "Wall Street event". Trading began on April 12, on Friday.

....

"What?.... Eight, eight hundred million!" was twice as high as his own estimate, no wonder Zeng Liqing was so surprised and puzzled.

According to his valuation, 400 million is reasonable, and 500 million is heavenly.... As for the valuation of 800 million, he didn't even think about it!

The reason why Wang Zhiyuan dares to say this is because he is a person from the past, he is a future person from 2026, and he is also a senior investment consultant.

The most professional senior investment consultant, Wang Zhiyuan, of course, understands and analyzes the Internet pioneer who was once prosperous for a while, but finally fell to the point that his name can't be kept~ Yahoo!

Yahoo is arguably the most powerful promoter of the Internet age, but sadly, it has been slapped on the beach by the wave of the Internet.

In the Internet era, creativity comes first, technology comes second. Under the big waves, if you don't advance, you will retreat!

"What special basis do you have?" Li Yanhong was also skeptical about Wang Zhiyuan's valuation, although he was more optimistic than Zeng Li Qing, but the valuation of 800 million was beyond his acceptable range.

The reason why Li Yanhong cares about Yahoo's valuation is that he wants to use Yahoo as a reference, and there will be a comparison for the valuation of Qiandu Search in the future. For example, Qiandu Search is planning to introduce strategic investment, and now Li Yanhong is still not satisfied with the valuation.

"That's right, there should be an inevitable basis for Mr. Wang to be so sure, right? Zeng Liqing urged.

Wang Zhiyuan smiled and said mysteriously: "First, didn't Yahoo's stock issuance prospectus say it?.... There will also be a major shift in Yahoo's development direction after the IPO, and Yahoo will transform from a classified directory site to a new media site. ”

"It's true that I've read their recruitment book, and I've highlighted that in it. However, this change is also an attempt, which may not be recognized by the market, and it is too risky!" Zeng Liqing does not think that this will add much to Yahoo's valuation, and maybe it will have a bad impact.

..........