Chapter 3060: Insurmountable (Part 2)

This means that, regardless of the relevant procedures, if they sell their Facebook shares now, they can easily find a buyer even if they double the price based on the original cost.

This also means that Facebook, which has submitted the 9th revised version of the IPO application documents and is expected to be successfully listed in August at the latest, will far exceed their original expectations in terms of both the issue price and the market value.

On this day, many people sincerely felt that the win-win situation that Feng Yiping always talked about was not just talk, but the principle he insisted on - he must have had such a plan before attracting investment.

Those companies and institutions that felt that Facebook's conditions were extremely harsh and its attitude was arrogant when they negotiated investment conditions with Facebook before today now feel that the whole process was quite pleasant!

So much so that they all felt that Facebook's valuation of up to $100 billion, which shocked everyone's eyes, was nothing?

With such unprecedented good news, even if calculated at the issue price, Facebook's market value is at least more than $150 billion!

50% return may not seem like much, but considering that they have only invested in Facebook for more than half a year, and the amount of investment is not a small amount, this is certainly their most rare good investment.

They also believe that after the official listing, it is not impossible for Facebook to match or exceed the market value of Google, that is, if they hold it for a long time according to Buffett's point of view, this investment will bring them higher returns in the future.

Everyone knows Feng Yiping's influence in China, and everyone believes that he will definitely pay more attention to Facebook-related products, that is, the development of Facebook in China, than Google - after all, Facebook is his own company.

Unlike Google, which already had a dominant competitor when it entered the mainland market, Facebook's main products entering the mainland, whether Instagram or Snapchat, currently have no decent competitors.

This gives everyone sufficient reason to be optimistic about Facebook's profit growth rate in the next 5 to 10 years. In the capital market, investors may accept Facebook's higher price-to-earnings ratio.

The subsequent development did not surprise them.

Under their nervous and excited attention, on the last Monday of July, July 28, Facebook was successfully listed on the Nasdaq, with the issue price being the highest price of $51!

Due to the enthusiastic subscription and the feedback from users, 20 million more shares were issued than expected, and a total of 431 million common shares were issued, thus raising nearly $22 billion in funds, breaking the record of $17.9 billion raised by Visa, which was listed in 2008, and setting the highest record of funds raised by new stock issuance in the United States.

Based on the total number of 2.812 billion shares, Facebook's market value is as high as $143.412 billion!

This market value is very close to the market value of more than $200 billion of its big brother Google and even older big brother Microsoft.

The reason why it is so close is mainly because Facebook's price-to-earnings ratio is as high as 103 times!

The price-to-earnings ratios of the two big brothers are only 32 times and 25 times respectively.

But this is just the beginning. On the first day of listing, Facebook's stock price once rose by more than 20%, and finally stabilized at more than $60 at $60.8, making Facebook's market value stabilized at $170 billion, further narrowing the gap.

Such performance directly set off a wealth-making movement in Facebook, and 21 billionaires were born!

Among them, Mike, Zuckerberg, and Sandberg successfully entered the billionaire club.

Of course, the most eye-catching thing is the growth of Feng Yiping's wealth after that.

Because like Feng Yiping's other companies, Facebook did not introduce foreign investment at the beginning of its business, so most of Facebook's shares are concentrated in the hands of the top three of the top ten institutional shareholders.

Ranked first and second are funds that look strange, but inexplicably familiar - they are strange because people rarely hear about them, and they are familiar because those two funds are also major shareholders, or controlling shareholders, of NEXTDOOR, which was listed previously.

Therefore, it is obvious who is behind these two funds.

These two funds, together with the United Fund, which holds 17% of the shares, hold up to 69% of Facebook's shares. In other words, it is very likely, or almost certain, that Feng Yiping holds more than 55% of Facebook's shares, which is at least $94 billion!

So, how much is Feng Yiping's current net worth?

Many people speculate that, with the current market value of NEXTDOOR, which has climbed to $21.7 billion, Feng Yiping's current net worth is infinitely close to the $200 billion mark!

Naturally, some people, for various reasons, did not agree with this, but they soon lost their temper.

However, on September 5, 36 days after Facebook went public, Twitter went public while the heat was on. This was another IPO that shocked more people. The relevant documents showed that Twitter, which was still losing money, was sold at a high price of $34. It actually rose 63% on the first day of listing, and the stock price successfully stabilized at more than $55. The market value also jumped to more than $34.5 billion!

Then, on November 8, two days before Double Eleven, under the attention of Blackstone's Su Shiming, Hilton Hotels Group successfully IPOed at a stock price of $21, with a market value of up to $33.8 billion!

Just like the top five shareholders of many US listed companies before, which are BlackRock, Fidelity, and Vanguard, the top three institutional shareholders of these Feng Yiping-related companies are all United Funds, plus the two unfamiliar yet familiar funds...

Therefore, the listed companies directly under Feng Yiping include CoinStar, which is close to US$5 billion, Gain Capital and Yijia Express Hotel, which are over US$10 billion, NEXTDOOR, which is over US$20 billion, Netflix and Twitter, which are both over US$30 billion, and Hilton, plus Facebook, which is over US$170 billion... The total market value has exceeded US$320 billion.

So far, the debate that Feng Yiping's net worth may be less than US$200 billion has dissipated on its own, and few people discuss Feng Yiping's net worth.

Life is already so tough, why discuss the issue that will make you feel suffocated when you see the approximate figures? Do you think life is too smooth?

More than US$200 billion, according to authoritative data from the International Monetary Fund, to date, there are only 24 countries in the world with a total gold and foreign exchange reserves of more than US$200 billion.

There is a widely circulated saying on the Internet that summarizes this very well: Some records are meant to be broken and surpassed, but that does not include Feng Yiping's wealth.

Some people still disagree with this, saying that someone may set a new record in the future.

But such doubts really don't even make a splash.

How could anyone surpass Feng Yiping in this regard in the future?

Have you seen Microsoft, whose market value exceeds $200 billion? How much do you think Android will be worth?

Have you seen Samsung, whose market value is also close to $170 billion? The main force supporting their market value is storage chips, and Feng Yiping's Forex chips have successfully surpassed Samsung in terms of market share.

If this is not enough, then, apart from other things, what about his rapidly developing e-commerce company?

That is another super-large company that all institutions have currently given a valuation of $200 billion.

In addition, due to the popularity of Facebook and Twitter's IPOs, the stock prices of the high-tech sector have been rising. Apple's market value has exceeded 500 billion, and Google has surpassed Microsoft, reaching a new high in market value... and Feng Yiping is also a major shareholder of these two companies.

All of these combined perfectly blocked the possibility of latecomers surpassing, so this gave rise to another widely circulated saying, which was the chat record inside Fortune magazine that was exposed: At least for many years to come, we don't have to waste time and energy on confirming who is the richest man.

Even the comments of Bloomberg, where Feng Yiping is also a major shareholder, are somewhat sour, "We are lucky and unlucky to witness the birth of such a legend."

All media are now completely unable to contact Feng Yiping. After Facebook went public, Feng Yiping has declined all interviews. At this time, he was lying on a lounge chair on the roof of the Holiday Inn, looking at the crowded Tianya Haijiao in the distance, and basking in the sun with his third son Feng Jun. Feng Jun turned his head to look at him from time to time, and called out, "Dad,"

"Yeah,"

After a while, he looked again and called out, "Dad,"

"Yeah, I'm here, I will always be here in the future,"

PS: There is another chapter in the evening, the last chapter, which may be a little later.