Chapter 1443

Google's stock price doubled 30 minutes after its opening. This trend is a dream start.

For those who have subscribed for Google stock in advance, the profit has exceeded 100% now!

At this moment, there are countless people holding coins waiting for the offer on Nasdaq, and the volume of buying is surprisingly large, but the volume of trading is very small.

There have been few deals, and the trend of stock price rising continues.

In the 60th minute of opening, the share price rose by more than 130%, triggering another circuit breaker.

Not only are shareholders crazy, but even Google's shareholders are crazy.

Larry Page, for example, has 31.2% of his shares after the IPO. According to the IPO price, before the opening, he was worth almost $15 billion.

But now, his value has reached 34.4 billion US dollars, and the growth rate is extremely fast.

One of the most embarrassing things, though, is that Larry Page will not be allowed to dilute his stake for the next two years.

That is to say, all his shares can't be traded or transferred, and $34.4 billion is like being deposited regularly and can't be withdrawn.

Moreover, even if it can be taken two years later, it can only be taken one point at a time, and it is not allowed to cash out directly or in large amount.

From this point, we can also see how much water there is in the Internet industry.

Although Larry Page is now worth 34.4 billion dollars, his real assets may be only about 100 million dollars.

If Google goes all the way, when its value rises to $50 billion two years later, it may be able to cash in 5% and hold billions of dollars in cash.

But if Google goes all the way, two years later his value may fall to 3.4 billion.

From $34.4 billion to $3.4 billion, it may only take a year or two, and in the process, Larry Page can't sell stocks, at most, he can do some equity pledge.

Moreover, the pledge of American stock has a great risk to the pledgor. If the market value falls too much and the money is not enough, not only the shares will be recovered, but also the voting rights corresponding to the shares will be recovered. It's hard to make the company belong to others for the purpose of pledging the money for pleasure.

So overall, if the company can't pull out a long-term stable growth line, no matter how high the value is, sooner or later it will continue to shrink.

Now, that's what makes Larry Page and these Google shareholders most depressed.

The share price has gone up, but for a while it will have nothing to do with itself.

Want to cash out for a good life? At least another year or two.

However, for those investors who subscribe to Google shares in advance, today is really a carnival, as long as they want to sell, they can cash in at any time.

……

Later, the trend of Google's share price rise slowed down a little.

At 11 a.m., an hour and a half after the opening, Google's share price fluctuated up and down, reaching the $170 line all the way.

At this time, the share price is close to $192.8, up more than 140%; unlike Nasdaq, which does not rest in the middle, so the share price has been climbing slowly in the fluctuation.

By one o'clock in the afternoon, the stock price had broken through $200, with an increase of more than 150%;

at two o'clock in the afternoon, the stock price had broken through $220, with an increase of more than 175%;

the whole Wall Street was mad, the American media was mad, and all the media were rolling the stock price of Google. At this time, the market value of Google had gone from $48 billion to $132 billion.

Even Li Mu is a little silly.

If Google can stand more than 100 billion dollars, the market value of Makino technology on its first day of listing will be at least 500 billion or even 600 billion dollars.

However, in Li Mu's view, Google's share price is certainly not likely to stand at a high of more than 100 billion dollars so early.

Today's high stock price is driven by concept, Muye technology, self endorsement and capital. In a short time, the stock price will surely tend to calm down.

Sometimes, this is the way Wall Street plays. A stock that can tell stories and play with concepts is listed. They try their best to attract and stir up the stock price first, and then attract retail investors to chase up the price. When retail investors chase in, they slowly ship. When they ship almost, the stock price starts to fall back naturally, and then they cover retail investors.

Li Mu's ideal value for Google's market value is about $70 billion, which still has the effect of his own support. Without his support, it is estimated that the maximum value is $34 billion.

It was the same with the original listing of funny headlines. On the first day, the stock price rose nearly 200%, and the stock price surged to a high of $20. As a result, it fell to more than $3 all the way, which was a tragedy.

But Google's share price is stronger than Li Mu expected.

I thought the stock price would start to fall near the closing, but I didn't expect that the stock price still kept rising.

By the half hour before closing, the share price had reached US $232.8, up 191%!Google's market value, from $48 billion, soared all the way to $139.7 billion, just a little distance from breaking through $140 billion.

At the end of the day, Google's share price was up again.

At this time, the stock price stayed at $248, up more than 210%!

The market value exceeded 148.8 billion US dollars. On the first day of listing, the market value growth reached 100.8 billion US dollars!

Larry Page even couldn't believe it. He said to Li Mu in a low voice, "Mr. Li, the share price is too outrageous..."

Li Mu smiled and said: "such a big battle is a great opportunity for those capital who participate in the battle ahead of time, and they will certainly contribute to it."

Said Li Mu: "fortunately, before the IPO, the market value is relatively high, and it's hard to rise because of its large volume. If the market value is 30 billion at the time of IPO, it will rise to 300% today."

Larry Page said with a smack of his lips: "it seems like a beautiful sight. Only people who know how to do it know that the money has been earned by those capital and institutions, and I don't own any circulating shares..."

Li Mu said with a laugh, "I reckon that the Wall Street's urchin, their media services for the capitalists, will continue to preach Google after the closing date, and try to blow up the Google bubble even harder. The stock price will go up to a new high of $250 a share tomorrow. At that time, I don't know how many retail investors will be cheated and taken in.

Larry Page nodded.

In fact, the level of stock price has little to do with the company's performance.

If it is closely related to the company's performance and the company only makes a quarterly financial report, then the stock price should fluctuate once a quarter.

In fact, the stock price, on the one hand, is supported by the basic performance of the company, on the other hand, by the advocacy of external capital.

External capital advocates a company. Its fundamental purpose is not to make the company develop better, but to make money for itself.

They own Google's shares and naturally hope that they will benefit the most.

Where do benefits come from? High level shipment.

It's no use just because the stock price is high. You have to sell when the stock price is high to make real money.

First of all, use the media to tout Google crazily, let the people think that Google is the next Internet enterprise in the world after Muye technology in the future, let the people think that the stock price of this company in the future can reach 300 billion dollars or even higher.

At this time, out of the investment mentality, the people will come in to receive the offer and wait for the share price to double.

However, after the capital is shipped at this price, the stock price will fall back quickly. At that time, people will realize that they have been cheated by lying in the slot.

Larry Page also knows the routine of these people, and he's already a little fidgety.

It's like playing on stage by yourself. Others stir up the performance, raise the ticket price, and then collect the ticket price.

After several performances and finally being able to collect tickets, the popularity of the performance is not so high, and the actual value of the tickets has also dropped. I wonder if people who bought tickets at a high price would come and scold themselves, what the hell? I bought tickets for $300. Do you sell them for 50 now?

For some small companies, what they can go public depends on is the foil behind the capital, which is inextricably related to the capital. Therefore, they are willing to cooperate with the capital to play and let the capital eat a wave of retail investors to make money first.

But for large companies, if we let the capital devour the retail investors first, it will have some negative impact on the corporate image.

Li Mu has lived more than Larry Page for more than ten years. He has seen a lot of "demon stocks" in the IPO of American stocks.

For example, on the first day of IPO, there were more than 250% or even 300% of super abnormal stocks, so I met many very interesting CEOs. They were not happy at all when facing the soaring stock price. Instead, they warned shareholders and investors seriously that their stocks were not worth so much money. Please purchase them carefully.

This kind of thing doesn't happen twice in a time on NASDAQ.

as mentioned before, when IPO, the shareholders of the company are not allowed to reduce their holdings, and they can't cash out when the stock price goes up again. If the stock price goes up too high, it will certainly bring in the high-level traders when it goes down. In that way, it will affect the company's public praise.

Take Google for example, if it goes up to $248 a share today and falls to $160 tomorrow, how many people will lose a lot today.

By that time, they will be throwing their anger at Google.

But Google also lost a lot. It didn't make any money. Just before it went public, it issued 50 million shares for $80 a share and sold them to the Underwriters, who then sold them to their customers.

Now, the stock price has risen to $248, which has little to do with Google.

The current carnival, on the one hand, is the market's recognition of Google, on the other hand, others are borrowing their shares, borrowing their market, and preparing to rob another wave of people in a planned way.

Li Mu reminded Larry Page, "when you are going to interview the reporters, you remember to remind them that Google's stock price is not worth such a high price, so let everyone treat it rationally."Larry Page was stunned and blurted, "does that offend the capital?"

Li Mu asked him, "have you counseled me?"

Larry Page said awkwardly, "no, I just feel Maybe it's not suitable... "

Li Mu said: "I see this trend. If today's media in the U.S. preaches about Google's skyrocketing and the market is confident enough, tomorrow's share price will soar even higher, what will you do then? As far as Google's current business scale and income level are concerned, its market value is more than 130 billion US dollars, and its P / E ratio is hundreds of times fucking. If it doesn't fall back, it's a ghost. "

Larry Page thought for a moment and pleaded, "Mr. Li, why don't you come? Investors believe you more! "