Chapter 847 Start to live a tight life (repair)
At 4:30 pm on October 6, the New York stock market closed.
On the first day of listing, Egret's stock price once reached $56.75. As of the closing, many investors could not resist selling, and finally fell back to $53.125. Even so, Egret's stock price rose as high as 51.7% on the first day of listing, with a closing market value of $229.8 billion.
From the valuation of the IPO of $150 billion to the closing of the first day of the market, in just one day, the market value of this highly anticipated new technology giant increased by nearly $80 billion, and surpassed Cisco, which was originally ranked first in the North American stock market.
The market value of Cisco was US$223.7 billion at the close of the day.
Driven by the sharp rise in Igret's listing, the entire technology stock market was in a surge on October 6th.
The Nasdaq Index, which broke through 2,000 points at the beginning of this year, hit a new high on October 6th, reaching a 3.5% increase in a single day to a high of 2,618 points. The total market value of listed companies in the entire Nasdaq market also reached US$3.1 trillion.
Before listing, many media outlets valued Igret's equity at $100 billion when counting Simon's personal assets, and some people criticized it as overvalued.
Now, Egret is officially listed. After this IPO, Simon's shareholding in Egret in the name of Westeros has dropped sharply to 59.2%. Based on the first-day closing market value of US$229.8 billion, the total value of his 2.561 billion shares also reached US$136.1 billion.
Let’s look at the three Internet giants mainly controlled by Igret.
Cisco's closing market value on October 6 was US$223.7 billion, Westeros held 46.3% of the shares and the stock was US$103.5 billion.
The closing market value of AOL on October 6 was US$179.1 billion, Westeros held 65.5% of the shares and the stock was US$117.3 billion.
But these three giants contributed $356.9 billion in wealth to Simon.
If we include Daenerys Entertainment Group, which had a market value of up to US$176.1 billion when the trading was suspended on September 29, Westeros has a 81.9% stake in Daenerys Entertainment, and this part of the assets contributed $144.3 billion to Simon. Including the three giants, the total is US$501.2 billion.
The wealth brought to Simon by four companies has exceeded US$500 billion.
There is no doubt that Simon's personal wealth will be further improved compared to the $620 billion estimated by Forbes magazine a few months ago, the new year Forbes 400 richest people will be released at the end of the month.
Ordinary people are becoming more and more numb to this number, but many institutions have begun to study the impact of the Westeros system on the global economy more carefully.
You should know that even in 1995, the GDP of countries around the world reached US$600 billion, there will be no more than 10. The entire Westeros system can control and even affect social wealth, which has surpassed most of the economies in this world.
Faced with the stock price miracle on the first day of Igret's listing, no one will doubt that the information industry is the future of this world.
Simon Westeros, almost controls this future.
At least the future of the United States.
After October 6th, the weekend is immediately followed.
There was no special explosion point this time that diverted the media and the public's attention. Everyone saw news about the listing of Igret this weekend.
In addition to the IPO again confirming Simon's personal wealth of $100 billion from the stock books, the four giants of Igrit also became the focus of media attention.
According to the stock price of $53.125 on the first day, the three founding giants Tim Berners Lee, who obtained 151 million shares, Jeff Bezos and Carol Butz all had personal wealth of $8 billion. A former Westeros family housekeeper who obtained 76 million shares later came from Amazon.com, and his personal wealth also reached $4 billion.
In the past few years, in addition to Simon's leading position in the Forbes US 400 Rich List, a highlight on the list is the wonder of the five members of the Walton family.
This time, Simon is still ahead of the crowd. However, Tim Berners Lee, who has earned $8 billion in personal wealth through the listing of Igrit, is also sure to squeeze into the top ten. There is no suspense for the female housekeeper Alice Ferguson to enter the top 20 with $4 billion.
Due to the continued rise in stock prices over the past year of listing, Amy Pascal, CEO of Daenerys Entertainment, who received a large number of equity rewards during the IPO process last year, recently estimated that the media's personal wealth has reached about US$3.5 billion, and it can also easily squeeze into the top 20.
In addition, there is a Rebel family who has been hiding behind Westeros.
Simon has not treated the James Rebelde and his wife who worked diligently to help him manage Westeros in recent years, not to mention Jennifer.
Just like this IGRENT IPO, relying on the Rebels and his wife as consultants in IGRENT in recent years, through rewards and subscriptions, Simon gave the couple a total of 8 million shares of IGRENT stocks, which may be far inferior to the Big Four, but the value of 12 million shares is more than US$420 million based on the closing price of the first day.
In recent years, in addition to the stock subscription and rewards of important subsidiaries such as Daenerys, Cisco, and American Online, Simon suggested that the Rebels and his wife have also made many investments, including only 1% of Microsoft's shares. According to Microsoft's closing market value of US$134.6 billion on October 6, the current value is also more than US$1.3 billion.
After all calculations, the total assets under the name of James Rebelde have actually reached the level of US$3 billion.
In the past few years, because of deliberately keeping a low profile, the surname Rebel has always been at the bottom of the wealth list. Because the shares generally do not require declaration, Forbes magazine's asset appraisal of the Rebel family was only US$500 million, which is far lower than the actual situation.
At the noon reception on the same day that Egret was listed, Steve Forbes, the head of Forbes Group, also talked about this matter specifically to Simon. He felt that James was definitely a fish on Forbes' list that missed the net. However, James still did not intend to announce his family's wealth and planned to continue to hide, and Forbes did not intend to expose this matter.
In any case, on this year's Forbes US 400 Rich Rich List, not only the top rich people will have a large number of upstarts in the Westeros system, but also a bunch of Westeros system executives will be on the list of the entire 400-person list.
You should know that according to the closing price on October 6, among the four giants including Tim Berners Lee, there were 26 people with a net worth of over 100 million, which was 7 more than the 19 people originally defined at the issue price of $30. This year, the entry threshold for the Forbes US 400 Rich List is about 350 million US dollars, and the eligible executives also reached 11.
In addition to the group that has spawned by the listing of Igret, many core companies such as Daenerys Entertainment, American Online, Cisco, Cersei Capital, and non-listed companies such as Tinkobaier and Instagram will also be on the list.
According to preliminary statistics, the 400-person rich list with a threshold of $350 million, the core of Westeros system will take no less than 35 places. Although many people are ranked relatively low, it is also 400 of the total population of the United States of 260 million, and the top of the real pyramid.
Moreover, globally, the number will only be more.
The most typical one is the Johnston family in Australia. Relying on Simon's spared no effort to support the Johnston family, whose total family assets are no less than 10 billion US dollars, has now entered the ranks of the world's top chaebol families.
Prosperity and decline are almost any law that cannot be escaped by any enterprise, group or even country.
The Westeros system is not very strong, but Simon has been thinking about this matter intentionally or unintentionally and taking corresponding measures to delay this rule.
Igret's IPO was undoubtedly very successful.
This issuance of a total of 714 million shares. Including the Green Shoe Mechanism triggered by the sharp rise on the first day of listing, the total amount of funds raised will reach US$28.6 billion. Excluding the 183 million shares cashed out by a number of shareholders, equivalent to US$6.4 billion, the remaining US$22.2 billion will be included in the account of Igrit Company for corporate development.
Although Egret's annual revenue has exceeded US$10 billion at this stage, and suddenly more than US$20 billion in cash is inevitable that a group of senior executives will tend to be generous.
October 7th.
On the second day of the listing, Simon convened an extraordinary meeting of the executives of Igrit who were still in New York, discussing the issue of changing Igrit's operating attitude due to this successful IPO.
Simon pointed out the topic at the beginning of the meeting.
The 22.2 billion US dollars this time will be used as Igrit's long-term cash reserves to resist the risks brought by changes in the industry situation in the future. To put it bluntly, this money will be used as a special fund for Igrit to continue to expand corporately after the bursting of the Internet bubble in the future.
Any bull market has an ending day.
Simon believes that the US technology stock market can last for a long time, but he does not doubt that the new technology bubble will inevitably be burst one day in the future, which will lead to a market slump for several years. At that time, if you can have a large amount of funds, in addition to maintaining the stable operation of your own company, Igret can also take the opportunity to buy at the bottom and further realize its own expansion in the Internet industry.
To do this, the $22.2 billion this time should not only not be spent, but also to reserve as much as possible.
Therefore, in the next few years, while the market situation is still good, Igrit will continue to issue a batch of long-term corporate bonds to raise funds to reserve more funds. As for corporate development, with Igrit's current revenue volume, it is enough to be self-sufficiency and must be self-sufficiency.
In short, after the IPO, Igret's expansion will not only not strengthen, but will gradually slow down.
At the same time, start to streamline and lose weight.
At least prepare for simplicity and slimming.
Then, deep-rooted into the three core businesses of search engines, social networks and e-commerce, and deeply rooted the most promising businesses in Simon's memory in his three Internet industries. At that time, even if all other businesses are abandoned or declined, Igrit will inevitably become a super giant with a trillion-dollar market value.
Midtown Manhattan.
In a conference room at the Westeros headquarters of the Rockefeller Center, after discussing the matter of living a tight life after the IPO, Simon finally said to Tim Berners Lee and others: "There is one more thing, you, and many other senior executives, have a considerable net worth after this IPO, but I don't want to see everyone slacking off from now on.
If you think you can start to enjoy life now, no problem, please quit first and then enjoy everything you already have, which is what you deserve. However, if you are not willing to continue working hard and don’t want to give up your current position, I’m sorry, once you are discovered, I can only ask you to leave.
This is what I told you, Tim, Jeff, Carly, and Alice. I don’t need to listen to what you promised, I will only see how you do it. Remember to pass on my words to everyone else in the company after returning to Los Angeles. Remember, my words were very, very serious and there was no point in joking.
Finally, are there any other questions?”
The four giants who were suddenly beaten by Simon in front of each other were slightly stern and shook their heads.
"Since that's the case, let's go to the meeting and we won't be entertaining everyone at noon. Well, Alice, you can stay."
Tim Berners Lee and the other two got up and left the office, leaving only Alice Ferguson who happened to be sitting next to Simon during the meeting.
Simon waited for a while and saw the door of the conference room closed, then turned his body to Alice next to him and said, "In today's meeting, the person I want to talk about the most is you, Alice, do you know why?"
The butler also turned around slightly and nodded slightly.
Among the four giants, Tim Berners Lee is a technical talent and does not get involved in the management of many companies. Jeff Bezos was originally a very rigorous and somewhat conservative manager and would definitely be able to better implement Simon's requirement to let Igrit live a tight life. Carol Butz is responsible for Igrit's software and service business. He may have contributed a lot of revenue to Igrit, but he is not the core of Igrit that Simon is interested in.
Only the female housekeeper has opened up and closed the expansion of Amazon's online mall in the past few years, and her style is quite radical.
From radical to restraint, it is often not easy.
Simon, while admiring the butler's exquisite and cold perfect face, thought for a moment, asked, "Ali, can you draw?"
The butler shook his head: "No."
Simon didn't mind and continued: "Actually, learning to draw is the same as you are now operating Amazon. No matter which painting style a person starts with, as long as he accumulates enough skills on one hand and learns other painting skills, it will be easy to learn from each other. By the way, the same is true for computer programming languages, and you must be familiar with this."
Alice nodded: "I understand, boss, I will carry out your plan seriously."
Simon was a little surprised: "Really?"
"Um."
Simon thought he had to persuade him well, but when he saw that the butler was so straightforward, he was a little confused and joked: "Why did he change his persistence so easily?"
Alice blinked her beautiful blue eyes twice: "Because your suggestion is right. Moreover, Amazon's early steps to burn money to cultivate the market have been completed. Even if it still needs to be done, it can be handed over to other hot money that has poured into the e-commerce field. They are the main force of subsidies in the next few years. From next year, what I have to do is to continuously optimize the warehousing and logistics system, maximize efficiency and reduce costs, so that Amazon's online mall can form a sustainable business model. However, boss, Amazon will continue to lose money for a long time in the future, because I will continue to expand Amazon's sales network to a proper extent, so this loss is inevitable, and it is not a technical loss for Igret to expand and avoid taxes."
After listening carefully, Simon suddenly felt that the Leng Meiren was fooling herself seriously.
Girls may be properly restrained and no longer burn $1 billion like they did this year.
However, I don't seem to be planning to change too much in my heart.
It's hard to change one's nature.
He pointed his toes and approached Alice with his legs on the leather chair. Simon reached out to hold the butler's exquisite chin and admired it again, saying, "Who did you learn from? Why are you a little, um, black-bellied?"
The word "black" was not able to find an accurate English translation for a while, so I simply used it directly.
Then there was the butler's slightly confused expression.
Simon did not explain, and leaned over and kissed the girl on the lips. It was cool and had a good touch, so he got closer and planned to convince a stubborn girl who was unrepentant in a more primitive way.
Chapter completed!