ABC A-share issue price limit of 2.68 yuan

Yangcheng Evening News reporter Chilimei reported today: the most high-profile Agricultural Bank (601288) issued price range today: IPO price range of the first public offering is 2.52-2.68 yuan (including upper and lower limit).　　In this regard, market analysts generally believe that the price range is lower than the previous market expectations, and significantly lower than the H-share price (about 2.88 to 3.48 Hong Kong dollars), is reasonable, this price will be conducive to the agricultural bank after the listing to maintain a healthy trend, but also conducive to stability.　　In its announcement today, the bank said the pricing range was based on initial inquiries and a comprehensive consideration of the issuer's fundamentals, comparable to the level of corporate valuations and market conditions. The announcement indicated that during the preliminary inquiry period (June 18, 2010 to June 23, 2010), a total of 91 inquiry objects managed 244 placing objects to participate in the preliminary quotation.　　Among them, the provision of effective quotation of the target of 214, corresponding to the number of purchase and 59.5058 billion shares. Under the release plan, the Agricultural Bank will issue new shares on the internet on July 6, finalize the price of a-share issue on July 7, and set up an H-shares offer on June 30 to July 6 in the H-Shares IPO. According to calculations, if AgBank is priced at the top of the pricing range, and the A-share and H-shares are fully exercised over the allocation option, the shares will reach 25.57 billion shares and the H-shares will expand to 29.22 billion, and AgBank will raise more than 150 billion yuan, a scale that will surpass the previous record holder ——— ICBC,　　Become a veritable "world's largest IPO". The reporter learned from a senior source close to AgBank that ABC said it would secure a cap on the issue. A brokerage analyst said that the 2.68 yuan price for ABC, is not expensive, he believes that the above limit of ABC's price should be no problem.　　According to statistics, since 2010, only two of the shares listed in the Shanghai Stock Exchange are issued below. At present, the market has been predicted that the agricultural Bank of this issue online check rate may be around 3%.　　Before, ICBC, Bank of China, Construction Bank initial public offering stock online is 3.28%, 1.94%, 2.47% respectively. "ABC listed for a A shares should be bad out." Such a large IPO is expected to be over after the IPO. "Cheng Wenwei, director of the Bohai Securities Research Institute, said AgBank was expected to bring upward momentum to the low valuations of the banking sector.