After hearing the speech of billionaire co-founder of Microsoft about the Internet three decades ago, Mr. Eric Yuan decided that he wanted to be a part of the booming US technology industry.

According to Bloomberg, however, his dream was stopped after the US government rejected his visa application 8 times.

Finally after two years of rejection, Mr. Yuan was finally able to reach the US and now becomes a major shareholder of the Zoom Video Communications video conference service company, which has absorbed $ 571 million in the run. IPO on Wednesday.

Mr. Yuan, CEO of Zoom, and his family held a value of USD 57 million, calculated at the price of USD 36 / share IPO. Zoom’s stock closed at $ 62 / share on the first trading day on the Nasdaq market, the market value of the stock was calculated at $ 3.2 billion.

In an interview with Bloomberg, Yuan said that the price was too high and that the rapid rise in stocks in the first session was putting pressure on the company.

Thus, Mr. Yuan officially joined the tech billionaire group with Alphabet’s Sergey Brin, Nvidia’s Jensen Huang and Tesla’s Elon Musk. According to Hurun’s research and Visas Consulting Group migration consultancy, the US is the first choice of more than a quarter of the wealthy Chinese who intend to migrate.

The global conference video market is forecasted to grow by 8% between now and 2026, according to calculations by Transparency Market Research, because more and more people will work from home. Zoom’s net income reached $ 7.6 million on revenue of $ 331 million in a year as of January 2019. Now Zoom is valued at $ 1 billion.