ABC A-shares began to purchase 70% online users forecast will break

Source: Internet
Author: User
Starting today, ABC will also launch a network under the mainland to purchase.  It is understood that a number of well-known fund companies have expressed the wish to take the network under the way to purchase ABC A-shares. As the four major state-owned commercial banks to enter the end of the capital market, since yesterday, Agricultural Bank of China's IPO finally entered the public offering stage, the first to sell in H shares. Starting today, ABC will also launch a network under the mainland to purchase.  It is understood that a number of well-known fund companies have expressed the wish to take the network under the way to purchase ABC A-shares. Today began to purchase Agricultural Bank of Agriculture yesterday evening issued a notice, the network under the purchase time for July 1 to 6th every trading day from 9:30 to 15:00.  Online purchase date is July 6, the purchase time for the SSE normal trading time (9:30 to 11:30, 13:00 to 15:00). The bulletin said, "ABC Purchase" code is "780288". The issue price interval of 2.52 yuan/share-2.68 yuan/share, participate in the online funds to purchase investors to be in accordance with the issue price interval ceiling (2.68 yuan/share) for the purchase. The number of commissioned requisitions for a single securities account shall not be less than 1000 shares, and more than 1000 shares must be an integral multiple of 1000 shares, but the maximum shall not exceed 10 million shares.  Any person who participates in the placement of a preliminary inquiry offer, whether or not there is a "valid offer", shall not participate in the online distribution. The announcement shows that the initial issue of the shares issued on the scale of 22,235,294,000 shares, if a a-share green shoes in full exercise, the total number of shares issued will be expanded to 25,570,588,000 shares.  The issue of the distribution strategy is not more than 10,228,235,000 shares, about a share of green shoes after the full exercise of the size of the issue of 40%; Before the start of the callback mechanism, the network issued no more than 4.8 billion shares, about a share of green shoes in full exercise after the issuance of the scale of 18.8%;  Or into the world's largest IPO to 2.52 yuan/share ~2.68 yuan/shares of the price calculation, the agricultural bank A-share IPO financing scale will be 56.032 billion ~595.90 billion, the exercise of the right to excess placement after the amount of financing will reach 64.436 billion ~685.27 billion.  In addition, the price range of the ABC H-share issue was initially determined to be 2.88~3.48 Hong Kong dollar, which estimated 73.2 billion to HK $88.4 billion, and the financing of the exercise of the excess allotment would reach 84.154 billion ~1016.86 billion.  Therefore, ABC this time a h listed financing financial total will reach 119.945 billion ~1367.44 billion yuan, the equivalent of 17.651 billion ~201.23 billion dollars, if the exercise of the right to excess placement, the amount of financing will reach 20.3 billion ~231.54 billion.  It also means that the bank's IPO could raise more than $21.9 billion trillion in the first public offerings of ICBC in 2006, making it the world's largest IPO in recent years. Several fund companies to participate in the purchase although on the eve of inquiry, including large state-owned enterprises financial companies, insurance companies, including institutional investors for risk considerations, the abandonment of a-share inquiry, and the intention to choose to use the online way to purchase ABC A shares.  But according to people familiar with the matter, a number of fund companies have made it clear that they participate in the online purchase. "As long as no loss is satisfied, since the purchase will be filled three months, not to make money, after all, this issue interval is lower than expected."  said the person. Agricultural Bank of AgBank launched an H-share offering in Hong Kong yesterday.  Media reports said that the impact of global stock market Sell-off, retail response lukewarm. It was reported yesterday that a brokerage in Hong Kong reserved HK $10 billion for the stock margin loan for AgBank's H-shares, but only about HK $200 million had been subscribed to yesterday morning.  The public offering of ABC's H shares will end 12 o'clock noon on July 6. Hong Kong analysts say the activity of AgBank's H-share subscription may not be as enthusiastic as the previous listing of mainland banking stocks.  But Mr Ronald Arculli, chairman of HKEx, said yesterday that he believed investors were interested in the IPO and, with past experience in Hong Kong, would be able to cope with the huge sums of money such as AgBank's fund-raising. Seven net friends think that the Agricultural bank will break out of the net after the opening of the network to purchase the screen, previously had a website to launch the network vote.  According to the poll, more than 70% netizens said the bank's IPO would break, with nearly 70% users thinking that AgBank's IPO price would lower its valuation. As of July 1 12:30, there are 76.9% of users choose ABC will break, 69.2% of the Netizen vote to choose ABC the issue price will pull down the bank plate valuation, think AgBank listed negative netizens up to 84.6%, and another 44.2% of the netizens vote to recently throw the bank plate stock, 42.3% The netizen chooses to continue to wait and see. (Editor Chen Ting)

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