Hollywood Hunter

Chapter 427 AOL Listing

Remember in one second [End of the God Station] Mobile phone user input address: m.xinwanben.com

After a week in the UK, Finland and Italy, Simon returned to New York on July 11.

AOL will be officially listed on the Nasdaq on July 12.

AOL's IPO roadshow in the past two weeks has aroused a very strong response among investors in North America. The cumulative number of shares subscribed for more than 210 million shares, which is 9.5 times the number of new shares issued by AOL.

Meanwhile, AOL released the company's financial report for the second quarter of 1991 on July 10 to coincide with the IPO on July 12.

As of June 31, AOL had 3.63 million regular users in the most prosperous metropolitan areas on the east and west coasts of the United States. Compared with the previous quarter, the number of users increased by 45%. In the three months from April 1 to June 31, AOL's operating income reached $270 million, a 137% increase compared to the first quarter.

Although the quarterly loss reached 160 million US dollars, but no one can ignore the explosive growth of AOL.

At six o'clock in the morning, Simon woke up on time in his manor house on the northern outskirts of Greenwich.

The woman in her arms quickly opened her eyes because of Simon's actions, and was briefly confused, with a slightly embarrassed expression on her face.

Simon couldn't help pinching Sophia's rosy face when she first woke up, and said, "Would you like to go to Manhattan with me?"

Sophia didn't dodge the man's hand, just pressed it lightly and said, "I'm going back to my house later."

Yesterday, I flew over from Italy with Simon. Because I was greedy for fun, I didn't have the first time to see my pair of children. This is why the woman was just embarrassed.

Simon just smiled and said, "In this case, you can sleep a little longer."

Sophia put her head on the pillow and watched the man get dressed, and also got up. The moment the sheet slipped off, a seductive spring light was revealed. Seeing Simon look over, he couldn't help raising his hand to cover it, and in his expectant eyes he pretended to inadvertently put it down, and slowly found his clothes to put on.

Simon went downstairs after washing up. The housekeeper Alice and C-girl Claire had already led the other girls to prepare breakfast.

The two women will attend the ipo bell ringing ceremony with Simon today, which means they are officially on the stage.

There has been a lot of speculation about Simon's increasingly low-key private life, including the beautiful girls around him. When the two women walked to the front of the stage this time, they were destined to attract some discussion, but this was also an experience they had to endure. Getting the public to start getting used to something early is far better than revealing it at the last minute.

After having breakfast and saying goodbye to Sophia, Simon and his party set off for Manhattan.

I have already experienced the bell-ringing ceremony of Blockbuster's listing, and this time I am familiar with it.

However, compared to just showing his face last time, more procedures will be arranged this time, including media interviews that Simon will personally accept before the bell ringing ceremony.

AOL's IPO has obviously attracted more media attention.

Simon's car just showed up outside the headquarters of the Nasdaq exchange in midtown Manhattan, and a large group of reporters parked several TV stations' live interview cars just to get up.

The bodyguards got out of the car first, and a group of four surrounded Simon and the two women who got out of bed with him. There were four other bodyguards outside to spread the crowd and forcibly opened a road for Simon to enter the exchange.

The surrounding reporters raised all kinds of questions and couldn't get a response, so they quickly adjusted their strategies and frantically pressed the shutter on Simon, especially the two women who appeared with him today. Some people have even begun to speculate on the identities of the two women, and even got involved in the idea of ​​a marriage change.

But, of course, that's the only way to think about it.

If you put your ideas in the newspapers without any tangible evidence, you'll probably just have to wait for Westeros to go bankrupt.

This super tycoon just put a few stunners bankrupt some time ago. Although Janet is basically doing everything, the outside world naturally puts it on Simon.

Difficulty entering the exchange floor, James Redbold, Steve Keyes, Jeff Bezos, Carol Butts, John Chambers, Raymond for this bell ringing ceremony ·Smith and other high-level officials greeted them together.

In today's IPO, Steve Case, as the chairman and CEO of AOL, is only the protagonist in name. Everyone knows that a certain young person is the focus of everyone's attention.

With the continuous explosion of the Internet industry, more and more people see Simon's exquisite first-hand layout in this emerging high-tech field in just a few years.

This is true of Microsoft, Intel, Oracle, Cisco, America Online, Igret, and even Bell Atlantic, which has officially changed its name to Verizon.

Among them, Cisco, America Online and Igreat have formed the entire Internet industry chain of Internet equipment providers, Internet service providers and Internet content providers. The three jointly created the popular World Wide Web standard. In just two years Before that, it has obtained an overwhelming popularity rate, and other companies of the same type have no time to follow up and participate in the competition.

Many people have expected that whether it is Cisco, America Online or Igret, it will become a giant-like existence after the opening of an era in the future.

Therefore, the AOL listing of the three companies far exceeds the attention received by Simon's Blockbuster listing early last year.

Not at the moment

It was the time to greet each other, and it was already eight o'clock. Everyone simply said hello and started busy with their own affairs.

Simon was also led by the staff into the interview area of ​​the exchange. This interview will be broadcast live on mainstream TV networks such as abc, nbc, and cbs, as well as the morning news program of the New York local TV station.

Interviews are only ten minutes long, and each reporter is only allowed to ask one question.

For a rare public interview with Simon Westeros, everyone cheered.

There were two sofas in the interview area, and Simon sat down on one of them, next to a vice president of the Nasdaq exchange who acted as the host himself.

After a simple preparation, the vice president took the lead and said: "Simon, such an opportunity is really rare, so how about giving me a chance to ask questions first?"

Simon nodded with a smile and said, "Of course, but you've already asked, so next."

Everyone at the scene was stunned, and then laughed together.

This is of course just a joke.

The vice president who introduced himself as Richard didn't take it seriously, he insisted on holding the microphone and said, "This should be the second time you have come to the Nasdaq exchange, the last time it was Blockbuster, this time it is AOL, what I want to ask, um, of course it's not a nutritious question like which company next time, although I really want to know, but what I want to ask is, what do you think about the current state of the U.S. stock market and the next few years? How do you see the trend of the future, and if possible, can you give you some investment advice?"

This is obviously a big problem.

However, in Simon's current capacity, he is also fully qualified to comment on the economic trends at the national level.

Although it deviates from the theme of today's AOL IPO, Simon thought for a while and said: "As we all know, the federal stock market experienced a strong rebound for several months in the first half of the year. I don't think it's a big rebound. In recent years, or, if you count from 1987, the federal government has experienced two consecutive catastrophes: the stock market bubble burst and the bond market collapse. So, I think this year will be the start of another bull market in the federal stock market.”

When the people around listened to Simon's analysis, they couldn't help but nodded slightly. Seeing that Simon didn't seem to want to continue, Richard asked, "So, what about investment advice?"

Simon had to say: "In a market that is at the bottom and is about to rebound, it is very easy for any investment to benefit. The key is patience. Of course, if you are more specific, I recommend that you invest in technology stocks in the next few years. . Like AOL, which goes on sale today."

Richard got his answer and stopped asking questions. He quickly gave the opportunity to ask a question to a reporter who was eager to try.

The reporter from the "New York Times" took the microphone and said quickly: "Simon, AOL's issue price is $21, which is equivalent to a corporate valuation of $3.15 billion. However, AOL's revenue in the last quarter was It is only US$270 million, and the annual revenue may only be at the level of US$1 billion. The industry estimates that the stock price of US$2.1 billion is equivalent to a price-earnings ratio of about 35 times. Is this price too high? How do you think AOL can support such a valuation? value?"

Simon has considered this issue before, so he said skillfully: "For a company that has just made an IPO, the stock price should represent more of a future. This is especially true of AOL. The company's high growth rate is well known, so , I don't think AOL's stock price is high, in fact, I think it's a bit low."

Simon's answer is somewhat of a panacea.

In fact, anyone who has carefully analyzed AOL can probably see that this company not only represents a high growth, but also a strong monopoly.

Because the technology patents of the World Wide Web are in the hands of the Westeros system, not only AOL itself, which has exclusive agreements in the areas where the three major operators operate. Moreover, whether it is the upstream Internet equipment provider Cisco, or the downstream Internet content provider Igreat, there are too many means to ensure AOL's advantages in the industry.

In the past six months, the two operators, Bell Pacific on the west coast and Nynex on the east coast, have not completely torn apart with AOL. The contract is one of them, and the other is the lack of corresponding support from upstream and downstream.

If these two companies tore up the original exclusive agreement in order to enter the ISP field, then it is obviously impossible for them to get the support of Cisco and Igreat, and it is even less likely to obtain the authorization of the corresponding technology in the field of the World Wide Web.

If the tearing up of the agreement only requires compensation according to the agreement, then it is not impossible to forcibly infringe the use of World Wide Web technology in the absence of technical authorization, even if the Westeros system is sued for bankruptcy. It is impossible for a company with a slight business ethics bottom line to do so.

However, it is impossible for Simon to clearly state these relatively sensitive advantages in any case.

Saying it out, that is to give someone a handle.

Warren Buffett has a very well-known "toll bridge" theory, to the effect that a company has a strong monopoly advantage in a certain area, and this company has absolute pricing power

This theory was originally proposed to provide reference for Berkshire to find investment targets, but because Buffett said this in the public media, this theory became the target of his criticism in some corporate lawsuits. It is believed that Berkshire has the intention of arbitrarily manipulating the market.

In fact, is there any company in the world that doesn't want to be "the only one"

Son’, don’t want to have a monopoly advantage?

It's just that too many things can often be done, but don't say it.

Therefore, Simon's answers to some questions may be regarded as very innocuous, or even ridiculed by some self-proclaimed shrewd people, but even some entrepreneurs who like to teach successful experiences in the media, as long as their heads are not completely broken , and probably won't really 'confess' to the public.

Of course, even if it was deliberately hidden, Simon actually revealed enough in the ten minutes of interview time.

After a few years, the market has taken a bit of blindness to Simon, who has created a series of miracles of wealth in just a few years, and AOL is one of the well-deserved core companies of the Westeros system. Therefore, when knocking At the end of the bell ceremony, the inquiries before the official opening of the market opened, and AOL's stock price began to soar continuously.

This continued until 10:30. After more than an hour of continuous inquiries, AOL finally opened trading at $33.75.

At $32.75, compared with the issue price of $21, the increase has reached 56%.

However, this is just the beginning.

In the following trading sessions, AOL’s share price continued to rise, and some investors who had subscribed for the stock in the early stage couldn’t help but start selling.

Finally, as of the close at 3:30 p.m., AOL's stock price was finally set at a high of $43.25.

On the first day of listing and opening, AOL’s stock price rose by 106% as a whole, and the market value at the close of the day was US$7.46 billion.

After the IPO, Westeros' stake in AOL dropped to 65.4%.

As a result, many people suddenly discovered that Simon Westeros was almost an obscure AOL in last year's asset statistics, but just one year later, it brought the young man a paper fortune of 4.9 billion US dollars. Moreover, the wealth of only 4.9 billion US dollars has surpassed the entire net worth of most of the richest people on the American rich list and even the global rich list.

However, it cannot be denied that AOL is still only a part of the thriving Westeros system.

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