"Why did the issue price of Netscape Company double and become $28?" Xiao Doug didn't understand this very well and asked his wife what was going on.

"Stocks are strongly sought after by funds. They made the decision to double a few days before the first day of listing." Donna curled her lips and said to the hands-free phone call, "Ronnie, what price do you plan to buy at the opening price?

”

Ronald and his cousin Donna took a leave today through his own stock broker to prepare for the first day of Netscape's listing, and operated the stocks to make some money.

The two were in Los Angeles and New York respectively, maintaining communication via phone. However, before the opening, Ronald saw the IPO prospectus and found that Netscape was so popular.

"shxt, I'm really being looked down upon by Jim Clark of Netscape."

Ronald still remembers that when he wanted to invest in Netscape, Jim Clark told him to buy some stocks during his IPO to play. He also held his energy in his stocks. Judging from the plot in his dream, Netscape's

Stocks are very worth investing. If you don’t allow yourself to invest, you can make a lot of money even if you buy them on the first day of your IPO.

Now the original issuance price of $14 has become $28, so how much room is there for growth?

You should know that although Netscape has achieved annual revenue of US$40 million, it has not yet achieved profitability due to marketing and R&D. Such a profitable company should be worthless according to traditional valuations.

.

But the new Internet economy is like a popular hot topic that everyone is pursuing. Everyone is extremely optimistic about the future. If you don’t make a profit now, you will definitely make a profit in the future.

You think there is a risk? Please, Netscape Company now accounts for 70% of the entire browser market, and its market share is still rising. At that time, everyone will use Netscape browser to surf the Internet. If you collect some money, you won’t make a profit.

Now?

Moreover, the number of people online is growing at a rate of 120% per year, and by the end of this century, it is expected to exceed 100 million. In addition to the number of other netizens around the world, this can be a big business of one billion people.

This kind of big business with the order of magnitude of a billion people does not matter how much it is to make as many people as possible use your tools. With one billion users, it is amazing to collect some money by any one person.

big business.

Some analysts are still comparing Netscape with Microsoft. Both are infrastructure-based businesses, but Netscape has accumulated users at a much faster pace than Microsoft. Some analysts point out this

It is a new business model, and the Internet will forever change the valuation model of listed companies.

In the future, listed companies on the Internet will no longer look at their revenue and profits, but will look at their future development potential.

In short, the ancient business model is now time to subvert!

"This logic is OK. Anyway, IPOs are really popular. So many people who subscribe, the oversubscribe multiple is more than 10 times, which is even more popular than when Ronald's DDH was listed."

Ronald doesn't care. As a high net worth customer of Goldman Sachs, he and Donna have some opportunities to buy IPO stocks. However, Netscape is really popular, and Morgan Stanley is their main one.

Underwriters, most of the pre-market quotas are allocated to various mutual funds, pension funds, etc.

As a non-main underwriter, Goldman Sachs received not much. Ronald and Donna prepared 100 million US dollars to subscribe for these stocks. However, due to the fierce competition, they could only get one in the end.

After several competitions, the two of them could only buy less than 200,000 shares of Netscape stock at the issue price.

So, Donna had to ask Ronald and finally decided how much to invest to enter at the opening.

"You've decided, I don't understand either. Anyway, I think Microsoft's Gates is very nervous. They temporarily return to Seattle in Sun Valley, but their competitor IE browser has not yet been produced."

"Okay, I don't think it's possible to double again. It's unlikely that the closing price of $50 today, we will buy it in batches at 32,35,38..."

Time is slowly approaching the opening, everyone is sitting down and waiting for Netscape's stock trend today. Jim Clark kept a low profile, and finally Mark Anderson, a programmer who was only 24 years old, represented Netscape in Nasda

Kr rings the bell.

Mark Anderson was wearing a green shirt and a round baby face. When the opening time came, he pressed the button to start the Nasdaq transaction of the day.

Just when everyone was nervous, Richard walked into Ronald's study, holding a letter in his hand, looking very urgent.

"Sorry, I have some important things to deal with here." Ronald said to Donna and his wife on the other end of the phone. He and Richard walked to the other end of the room and started discussing in a low voice.

"Eisner sent a letter to all the board members..." Richard's hand was a fax copy of a letter, which was sent to him privately by Ronald's friend on the board.

Inside are some comforting words from Eisner to the directors, telling them that their heart bypass surgery was very successful and that after a few weeks of rest, they could resume normal work.

However, the most important part of the letter is in the second half of the second page. Eisner said that in Hollywood, there are only two people who can do the daily management of Disney on his behalf, especially after the acquisition of ABC TV.

One is Barry Diller, the former chairman of QVC, but he withdrew from the Hollywood battlefield due to his failure to acquire Paramount. The other is CAA CEO Orwitz, who will try his best to pull Orwitz into Disney as a

Important management partner.

When explaining why CAA's Orwitz was hired, Eisner said humorously that he hoped to introduce a very close team-first culture among shareholders, and bring loyalty to Disney, because at Disney, behind the scenes

Stunning is as common as a daily routine...

This is too exaggerated...

When Ronald saw it, he was pointing at the noses of some people on the Disney board and scolding. It is time for you Judas to find powerful managers like Orwitz to punish you.

It turns out that when Katsenberg was there, he spoiled you and your spokespersons in the company's top management too much, so he asked you to take Disney's high dividends and oppose Eisner's rule. Now it's time to let Ovi

I teach you how kind I was before.

After all, Richard is still relatively young. With Orwitz's power, he is not sure whether Orwitz can become the president of Carsonberger at Disney, if Orwitz does it

If the success is going well, the partners represented by Richard will be questioned within the CAA...

"Don't worry, Richard, we all know who Eisner is, he is the one who drives away a capable man like Katzenberg, because Katzenberg may be a potential competitor to his current position.

, regardless of whether Katsenberg actually seeks his position or not…”

Ronald knew very well that most of the senior executives of Hollywood studios were more proficient in power. Carsonberg, Samsung Pictures' McDavoy, and Columbia's Frank Pray in the early years

People like Si who have outstanding production abilities can never beat Eisner, Gubert, and others with their own advantages.

Ronald has been in Hollywood for so long, and he has become the chairman of DDH, so he is becoming more and more clear about these power-based things.

Although Eisner now praised Orwitz as the most powerful man in Hollywood production and management, when he really took office, those tricks would come.

"I think so too..." Richard was still worried. If there were two types of people in the broker industry, Richard was a business-savvy like Carsonberg, who was dedicated to serving customers and stardom.

Long-term interests consideration.

Such talents can unite everyone well in a platform with stable business and no ambitious people. However, under the bosses like Orwitz who like bullying will not be well promoted.

People like Zi always like those small moves, but they can't play with their own subordinates.

"Let's wait and see. If you contact our friends at Disney, I'll see it for a very dramatic change."

The friend Ronald mentioned is the Bass family, the largest shareholder within Disney. Sid Bass once gave Ronald some Disney shares, and the two had more contact and appreciated each other.

One of his daughters, Hyatt Bass, just graduated from Princeton University. Not long after she was born in Disney, she became deeply interested in Hollywood (who wouldn't be interested in girls who just graduated from college.

?).

Because of Ronald's various directorial works in Hollywood, Hayat Bass became his fan. Sid Bass loves his daughter more. Since Hayat wants to play in Hollywood, please Rona

De became her mentor and helped take care of her daughter in Hollywood.

Ronald agreed immediately and found a very good real mentor for Hayat, the famous producer and art director Polly Pratt. Pratt started with sets and costumes, and art director

, screenwriter, producer, and everything is the best introductory teacher at Hayat.

Hayat also respects the teacher very much and shares his privileged treatments, such as full-time drivers, chefs, etc., with the teacher, and the two became friends. In this way, Ronald was well-informed at Disneyland.

.

Now Disney's internal, Chief Financial Officer Stephen Borenbach, the company's general counsel, Sandy Litwacker, and Joe Ross, who is in charge of the production business, have all been fired after Carsonberg was fired.

Staring at the position of the president he had not obtained.

In addition, Eisner himself served as CEO, what position did Orwitz arrange him in the past, so he could roughly predict how long Orwitz could stay at Disney.

“Ahhh…”

While chatting with Richard, there was another shout from there. Ronald thought something was wrong, so he ran over to take a look.

It turned out to be Donna's voice on the phone. Nasdaq just started trading, and Netscape's stock price suddenly rose after the opening, and almost no trading volume went up.

"What's wrong? Is there anything wrong with Donna?" Diane heard the voice and opened the door and asked Ronald.

"Donna's prediction is a little bit miserable, and our business plan may not be very successful."

Ronald smiled and said to his cousin. The few supporting prices set by Donna were exceeded by Netscape's stock quote within a few minutes.

Moreover, there is no transaction price all the way up, and the buying price is rising rapidly. It seems that not only the big funds and high net worth customers who pre-ordered the market, but also the ordinary secondary market, there is no profit for this company.

The company's stocks are being enthusiastically sought after.

"Ronnie, can you still laugh? Diane, is it you? Your husband has lost the opportunity to make money quickly and will laugh at me..." Donna immediately complained to her best friend...

"Donna, I can't help you, I don't care about these things normally. Ronnie, Donna is also for you..."

Ronald had to surrender, "Look, it's impossible that it will keep rising on the first day of opening. I guess it will rise to the early 50s at most. We still have a chance to buy..."

Who knew that Ronald's casual comfort was also lost. Netscape's stock rose all the way, breaking through 50 and 60 consecutively, more than double the opening price of 28, and finally quickly exceeded 71 US dollars.

Only then did a normal deal happen.

"Come on, no one can buy it today."

This chapter is not over, please click on the next page to continue reading! This situation is far beyond the expectations of Ronald and Donna. At such a fast speed, Netscape's stock has doubled its issue price and has turned over again.

If you can still make up your mind to buy it at this time, you must have religious and pious people who are willing to be religious about the prospects of Netscape.

Neither Donna nor Ronald, they do not have this belief in the Internet economy. In addition, when Warren Buffy answered questions about Netscape, he simply said that he didn't understand, so he wouldn't buy it.

.
To be continued...