Chapter 2189 Microsoft Goes Public (Second Update)

The Nasdaq stock market was actually established not long ago.

It was only established in 1971, and the first report card it made was the application for IPO received from Intel in the first month of its establishment.

At that time, Intel was not the absolute dominant player in the chip industry. They were just a memory company.

During those few years, Intel's development was not very good, and no other high-tech companies came to list with them. Nasdaq was at risk of bankruptcy.

The critical moment was in December 1980, when Apple landed on the Nasdaq, creating four billionaires including Mr. Qiao and others in one day, instantly becoming famous.

The huge wealth effect has made Nasdaq a "hotbed of billionaires." As a result, Nasdaq has been favored by Silicon Valley entrepreneurs and has become a paradise for young people to take risks.

Nasdaq has given the greatest importance to Microsoft's listing here.

Since February, they have been conducting various warm-ups for Microsoft's listing, and they have also spent their own money to advertise everywhere.

In addition, they also strongly recommended Microsoft stocks to investors around the world, touting Microsoft as the world's number one in the future.

But the huge effort is worth it. They know that if Microsoft becomes an instant success here, then with the success of the two major high-tech companies Apple and Microsoft, Nasdaq's status in the hearts of Silicon Valley people will definitely increase. Come higher and higher.

The valuation of the high-tech industry is the easiest to be constantly elevated.

More and more Silicon Valley companies are listed on Nasdaq, which means that they receive countless benefits.

With such a mentality, today's listing bell will definitely make Nasdaq very popular. Hundreds of well-known investors, fund company managers, and some related company presidents, etc., have all been invited by them. Come and witness this great moment.

At 9:30, Microsoft's three major shareholders, Yin Jun, Bill Gates and Paul Allen, rang the opening bell of Nasdaq together with a round of applause.

Immediately, the prices of various stocks on the large TV screen continued to change.

What people are most concerned about is naturally Microsoft's stock.

The total number of Microsoft shares is 1 billion. This time, 200 million shares were publicly offered, and Goldman Sachs bought another 100 million shares first.

Since the valuation is US$5 billion, the stock price per share is set at US$5.

In fact, many people were discussing such a high valuation as early as a month ago.

They don't even agree with Microsoft's valuation of US$3 billion, let alone US$5 billion.

Among the thirty most famous fund companies in the world, at least half feel that Microsoft's valuation and pricing are too high, and it may encounter a lot of difficulties.

Many others feel that although Microsoft has been able to maintain a valuation of US$5 billion in the past year, it must have been experiencing constant ups and downs in the beginning.

This is why Bill Gates wants to let Yin Jun come over to take charge and bring some good luck to Microsoft.

The key today is whether Microsoft will break through.

If Microsoft cannot hold on to its $5 billion valuation, then the subsequent market trend may be uncertain.

It may be that Microsoft is working hard to get back up, or it may be that investors are not optimistic about Microsoft and are ready to wait until it plummets.

Of course Bill Gates and Paul Allen think that Microsoft is very good and should not break the bank but should increase its price.

Microsoft's performance, growth space, etc. analyzed by Yin Jun are all their confidence.

Nowadays, Microsoft's development momentum is far better than Apple's. Why can't we reach a market value of US$5 billion?

Not to mention 5 billion, even 6 billion or 7 billion US dollars is not impossible!

But it is the group of investors and fund managers who are inconsistent with their ideas.

Until this morning, they had been pessimistic all the way, and one fund manager even had a quarrel with Paul Allen because of this.

"Up!"

"Up!!"

As people exclaimed, Microsoft's stock price went into the red from the first jump.

Moreover, it jumped short and opened high, and the price came out to be 5.2 US dollars.

Immediately afterwards, it jumped to 5.3 US dollars and 5.5 US dollars. In just five minutes, Microsoft's stock price rose to 5.8 US dollars, an increase of 16%.

While everyone exclaimed, they felt a little strange.

It was clear that the big fund managers were still crusading against Goldman Sachs and Microsoft for constantly raising their valuations. Why do we see so many people buying now?

Some managers of small and medium-sized funds originally wanted to slowly get into Microsoft stock when it fell. Seeing this scene, they couldn't help but put down their hands and did not buy it for the time being.

It's only been 5 minutes since the market opened, and it must be a bit abnormal for the price to rise so high.

Let’s wait and see.

After all, there are many stocks that rise first and then fall, and they cannot last long.

Or is this rising part deliberately raised by Goldman Sachs or Yin Jun to attract us to buy it?

They were nervous and confused here, while Bill Gates and Paul Allen, who had been staring at the screen over there, were very excited.

At the beginning, there was no break of serve, and it was a high jump, which made them very excited.

Now it has been rising all the way, with an increase of as high as 18%, which is completely beyond their expectations, making them feel that there will definitely be a wave of market prices in the future.

Even if it falls back a little in the end, as long as it can maintain the issue price of $5 and then rise slightly, it is a victory.

Only Yin Jun was not very nervous.

After the bell rang, he stood nearby and chatted with Buffett, as if he was not there.

Buffett entered Forbes' rich list as early as last year. Although his family's wealth is only about US$200 million, the investment company he manages has indeed made very good profits.

It's just that he didn't come here today to buy stocks. He came here simply because he is friends with Bill Gates and came to join in the fun.

As a result, Bill Gates didn't have the time or energy to chat with him, but Yin Jun chatted with him nonstop, which kept him from being too bored.

"Now that the stock has risen so much...don't you feel happy at all?" Buffett said to Yin Jun, "This is an increase of 18% higher than the listing price!"

"Microsoft's stock has risen to 500 billion U.S. dollars. I'm not surprised at all." Yin Jun replied with a smile, "Just like the Coca-Cola stock you bought Warren, it will definitely rise and make money! Since everything I know, why am I surprised?"

Buffett thought to himself, how dare you compare.

Coca-Cola is the world's largest beverage company and the beverage company with the highest market share in the world. Its profit exceeds that of Microsoft, and it has been standing for decades. Can Microsoft, which was founded less than ten years ago, compare?

But he had to admit that Yin Jun's courage and the confidence that came from his heart completely made people believe that what he said was true.

Or could I consider Microsoft stock?

The idea flashed through Buffett's mind and then was erased.

The biggest reason why Buffett has become a stock god is actually his conservatism and persistence.

When people are confused by the market, only he sticks to his investment philosophy from beginning to end without wavering, and thus wins the final victory.

So Buffett still didn't consider Microsoft.

Yin Jun didn't ask Buffett to buy it, but wanted to deepen Buffett's impression.

When the market value of Microsoft reaches US$500 billion, Buffett will think of what Yin Jun said to him today.

At that time, he would be even more surprised by Yin Jun's judgment and prediction.

In the previous life, Microsoft did not break through the 500 billion U.S. dollar mark until 1999, and climbed to the peak of 600 billion U.S. dollars at the end of the year, becoming the world's number one.

It was four years after Microsoft's WIN95 was released, and coupled with the continued expansion of the Internet bubble, its market value was so high.

In fact, after the dot-com bubble burst in 2000, Microsoft struggled for nine years before slowly rising, and by 2017, its market value once again exceeded US$600 billion.

Then more than a year later, Microsoft became the third company in human history to have a market value of more than 1 trillion US dollars.

How long will it take for Microsoft to break through 500 billion US dollars in this life?

Yin Jun thinks it will be fine in the early 1990s.

To be precise, it was before 1992.

Yin Jun's Kirin Computer will do its best to make computers affordable to more people.

With the continuous development and popularization of computers, and the continuous promotion of Microsoft's WIN system, everyone can see the trend of Microsoft becoming the dominant player in the software industry.

A software company with such a high market share and so many users will definitely continue to move forward under the driving force of the market.

Even if Microsoft itself is unwilling to rise so much, the fund companies and investors behind it will work hard to make Microsoft move forward crazily.

As long as Microsoft exceeds 500 billion US dollars, Yin Jun will definitely reduce his holdings on a large scale.

But this kind of reduction will not be all sold in one day, which will ruin Microsoft's progress.

At that time, it will definitely be a period of continuous selling that lasts for several months or even a year, bit by bit, so that most of the stocks in Yin Jun's hands can be sold.

And when Microsoft hits rock bottom, Yin Jun will definitely absorb it slowly.

This time, Yin Jun will not sell the stocks after buying them.

After becoming Microsoft's major shareholder again, Yin Jun will also prevent Microsoft from making some serious mistakes.

For example, porting the Windows system to a mobile phone is absolutely impossible.

The Windows system is not the best system in the world. It is far inferior to Android, let alone Apple, which is a closed system.

What really allows Microsoft to flex its muscles is their cloud computing and artificial intelligence!

These two businesses are the biggest tools to help them climb back to the top!