ABC to close the Sprint issuing Commission

Economic observation Network reporter Hu Yongping Wang Yu SFC Audit committee today to review the initial application of agricultural Bank of China.　　Although its shares are less likely to be the biggest IPO in the world than previously expected, it will remain the world's largest IPO this year. According to the prospectus, the bank intends to issue a stock listing of not more than 22.235 billion shares, the proportion of the total share capital of the shares and H-shares is not more than 7% after the issuance of the a+h, and if the full exercise of the option of excess placements of a-share issue is to be issued, it will not　　H shares share no more than 56.3 billion shares. If ABC pricing 1.6 times times, consider whether to exercise the "green shoe" mechanism, AgBank's financing scale between 108.5 billion to 124.6 billion yuan, that is, 16 billion to 18.3 billion U.S. dollars.　　Agricultural Bank in a share financing may be between 50.6 billion and 58.1 billion yuan.　　Following the previous sequence of pre-overseas, domestic and south-north, the Bank of China convened a dinner party for domestic fund executives on June 7 to seek the support of national institutions.　　On the same day, the bank plate to more than 1 billion yuan outflow into a a-share capital outflow of the largest plate, than the second largest outflow plate real estate plate more than one times the outflow, yesterday three big row in heavy volume fell to meet ABC. In the course of the roadshow, the enthusiasm of international investors interested in ABC's H shares was high, while domestic investors in the A-shares reacted relatively coldly, although insurance companies and large state-owned companies showed a higher enthusiasm than the fund.　　But after many communication, the domestic public offering fund but at this time the attitude changes. A fund manager at a Beijing fund company said it had sold some other bank shares and held cash waiting for AgBank to list: "Anyway, the bank is still to be matched, of course, to buy Agricultural Bank, it is new shares, new shares will have a certain chance."　　"But the price, that is, how many times PB still in the decimal point after a number of stalemate." The underwriters of a foreign investment bank said AgBank was still a little more popular overseas, saying "it's no problem to sell" and that the price might be lower than ICBC's and CCB's offer at the time.