Chapter 1443 Demon Stock
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Thirty minutes after the opening of the market, Google's stock price doubled. This trend is simply a dream start.
For those who subscribed for Google shares in advance, the profit has already exceeded 100!
At this moment, there are still countless people in the Nasdaq holding coins waiting to receive orders. The volume of buying orders is surprisingly large, but the trading volume is very small.
There have been few transactions, and the trend of rising stock prices continues.
On the 60th minute of the opening, the stock price rose by more than 130, triggering the circuit breaker again.
Not only the shareholders are crazy, but even the shareholders of Google are crazy.
For example, Larry Page, after the listing, his personal holdings still have 31.2%, according to the IPO price, before the opening, his worth is almost 15 billion US dollars.
But now, his worth has reached 34.4 billion US dollars, and the growth rate is so fast that it is against the sky.
However, one thing that is very embarrassing is that Larry Page is not allowed to dilute his shares for the next two years.
That is to say, all his shares cannot be traded or transferred, and the $34.4 billion is like a fixed deposit and cannot be withdrawn.
Moreover, even if it is possible to withdraw after two years, it can only be withdrawn little by little, and it is never allowed to directly cash out all or a large amount of cash.
From this point, it can also be seen how much moisture the Internet industry is.
Although Larry Page is now worth $34.4 billion, his actual personal assets may only be around $100 million.
If Google's development goes smoothly, when its value rises to $50 billion in two years, it may be able to cash out 5 and have billions of dollars in cash in hand.
But if Google is all the way, his worth may drop to 3.4 billion in two years.
From $34.4 billion to $3.4 billion, it may only take one or two years, and in the process, Larry Page can't sell his stock, at most, he can do some equity pledge.
Moreover, the equity pledge of U.S. stocks poses a great risk to the pledger. Once the market value falls too much and the money is not paid, not only the shares will be recovered, but also the voting rights corresponding to the shares will be recovered. All the money and pleasure, the company belongs to others.
So on the whole, if the company cannot pull out a long-term stable growth line, no matter how high its value is, it will continue to shrink sooner or later.
Right now, this is what frustrates Larry Page and these Google shareholders the most.
The stock price has soared, but it will have nothing to do with him for a while.
Want to get some cash out and live a good life? At least another year or two.
However, for those investors who subscribed for Google shares in advance, today is really a carnival, as long as they want to sell, they can cash in at any time.
...
Subsequently, the upward trend of Google's stock price has slowed down a little.
At eleven o’clock in the morning, an hour and a half has passed since the opening, and Google’s stock price has fluctuated up and down, all the way to the $170 line.
At this time, the stock price was close to $192.8, an increase of more than 140;
The difference between Nasdaq and the domestic market is that there is no rest in the middle, so the stock price has been climbing slowly amid fluctuations.
At one o'clock in the afternoon, the stock price exceeded $200, an increase of more than 150;
At 2 o'clock in the afternoon, the stock price exceeded 220 US dollars, an increase of more than 175;
The entire Wall Street is crazy, and the American media is crazy. All the media are rolling out Google's stock price. At this time, Google's market value has gone from $48 billion to $132 billion.
Even Li Mu was a little dumbfounded.
If Google can stand at more than 100 billion US dollars, then the market value of Makino Technology on the first day of listing will be at least 500 billion or even 600 billion US dollars.
However, in Li Mu's view, Google's stock price certainly cannot stand at a high of more than 100 billion US dollars so early.
The reason why today's stock price is high is due to the concept, Muye Technology, its own endorsement and the fuel behind the capital.
It won't be long before shares are sure to calm down.
Sometimes, this is the way Wall Street plays. When a stock that can tell stories and play concepts goes public, they try their best to accumulate funds, fry the stock price first, and then attract retail investors to chase the increase. When retail investors chase in, they slowly sell out. When they were about to ship, the stock price naturally began to fall, and then retail investors were put in.
Li Mu's ideal value for Google's market value is about 70 billion US dollars, which still has the effect of his own blessing behind his back.
The same is true for Qutoutiao’s listing. It rose by nearly 200 on the first day, and its stock price hit a high of 20 US dollars. It didn’t take long for it to fall all the way to more than 3 yuan, which can be described as appalling.
However, Google's stock price is stronger than Li Mu expected.
I thought that the stock price would start to fall near the close, but unexpectedly, the stock price still maintained an upward trend.
As of half an hour before the close, the stock price reached $232.8, an increase of 191!
Google’s market value has skyrocketed from $48 billion to $139.7 billion, and it’s only a little distance from breaking through $140 billion.
At the close, Google's share price ushered in another wave of gains.
At this point, the stock price stayed at $248, an increase of more than 210!
The market value exceeded 148.8 billion US dollars, and on the first day of listing, the market value increased to 100.8 billion US dollars!
Larry Page even couldn't believe it, and whispered to Li Mu: "Mr. Li, this stock price is too outrageous..."
Li Mu smiled slightly and said, "Such a big battle is an excellent opportunity to make money for the capital that participated in advance. Of course, they will contribute to the flames."
After speaking, Li Mu added: "Fortunately, the market value of the IPO was relatively high before, and it would be more difficult to lift it if the body is large. If the market value of the IPO was 30 billion, it can properly increase to 300% today."
Larry Page smacked his lips and said: "It seems very beautiful, only those who know the business know that the money is earned by those capital and institutions, and I don't have a single tradable share in my hand..."
Li Mu said with a smile: "I estimate that Wall Street's urgency, their gang of media serving the capitalists, will continue to advocate for Google after the market closes, and try their best to blow Google's bubble even bigger. Maybe the stock price will rush tomorrow. A new high of $250 a share, by that time, I don’t know how many retail investors will be deceived and tricked into taking over.”
Larry Page nodded.
The stock price has nothing to do with the company's performance.
If it is closely related to the company's performance, and the company only issues a financial report once in the first quarter, then the stock price should also fluctuate once a quarter.
In fact, the stock price is supported on the one hand by the fundamentals of the company's performance and on the other by the advocacy of external capital.
The fundamental purpose of external capital advocating a company is not to make the company develop better, but to make money for itself.
They own shares in Google, naturally hoping that those shares will bring them the best interest.
Where do the interests mainly come from? It's high shipping.
It is useless to have a high stock price, you have to sell it when the stock price is high to make real money.
First, use the media to tout Google wildly, making the public feel that Google is the Internet company in the world second only to Makino Technology in the future, and let the public think that the company's stock price in the future can reach 300 billion US dollars or even higher.
At this time, out of an investment mentality, the public will come in to take the offer, and then wait for the stock price to double.
However, after the capital is shipped at this price, the stock price will drop rapidly. At that time, the people who are waiting for the double will realize that they have been deceived.
Larry Page also knew the routine of this group of people, and was already a little irritable at this time.
It's as if you were singing a show yourself, and others hyped up the show, hyped up the tickets, and then took away the ticket money.
After I've played a few shows and I can finally collect my own tickets, my performance is not so popular, and the actual value of the tickets has dropped. Maybe people who bought tickets at a high price will come and scold me, what the hell ? I bought the ticket for $300, you are selling it for 50 now?
For some small companies, they can go public by relying on the foil behind the capital, which is inextricably linked with the capital, so they are also willing to cooperate with the capital and let the capital first eat a wave of retail investors to make money.
But for large companies, if the capital devours retail investors first, it will have a somewhat negative impact on the corporate image.
Li Mu lived more than ten years longer than Larry Page, and he is considered to be well-informed. He has seen many "demon stocks" on US stock IPOs.
For example, on the first day of the IPO, the super abnormal stocks soared by more than 250 or even 300, so I have also seen many very interesting CEOs. When they faced the skyrocketing stock price, they were not only not happy at all, but seriously warned investors and investors. However, your own stocks are not worth that much, so please buy them carefully.
This kind of thing happened not once or twice on Nasdaq,
As mentioned earlier, during the IPO, the company's shareholders are not allowed to reduce their holdings. No matter how sharply the stock price rises, they can't cash out. And if the stock price rises too high, when it falls, it will definitely bring in those who took the high position. In that case, it will affect the company's reputation.
Take Google as an example, if it rises to $248 a share today, if it falls to $160 tomorrow, many people who take orders today will lose a lot.
At that point, they'll be pouring their anger on Google.
But Google also lost money. It didn’t make any money. Before going public, it issued 50 million shares at $80 a share and sold them to underwriters, who then sold them to their clients.
Now, at $248, the stock has little to do with Google.
The current carnival, on the one hand, is the market's recognition of Google, and on the other hand, others are borrowing their stocks and their market prices to plan to rob another wave of people.
Li Mu reminded Larry Page: "When the reporter interviews later, remember to remind that Google's stock price is not worth such a high price, let everyone treat it rationally."
Larry Page was stunned and blurted out, "Does this offend capital?"
Li Mu asked him, "Coward?"
Larry Page said embarrassedly: "No, I just think...it may be a little inappropriate..."
Li Mu said: "I see this trend. If the media in the United States promotes Google's skyrocketing growth today, and the market is confident enough, the stock price will soar even higher tomorrow. What will you do then? Google's current business scale and income level, market value To more than 130 billion US dollars, the price-earnings ratio is hundreds of times the fuck, if it doesn't fall back, there will be ghosts."
Larry Page pondered for a moment and pleaded, "Mr. Li, why don't you tell me? The investors believe you more!"