ABC's start to hit global IPO record

Today's Market hot news, one of the four major state-owned commercial banks, ABC's shareholding system reform. The CSRC will review the IPO application of ABC Co., LTD. today. About 20 billion trillion dollars in financing scale, but also let AgBank's listing, may become the world's largest initial public offering. Of course, AgBank's IPO also carries the self-evident meaning.　　Prior to that, the industry, China and the government has successfully introduced domestic and foreign strategic investors, and successfully landed a-share and H-shares, this time, the IPO will mark the beginning of 2003, the state-owned commercial banks shareholding reform into the "finale" stage. According to the prospectus issued on June 4, ABC intends to issue a shares of no more than 22.235 billion shares by A+h, and if the "green shoe" mechanism is launched, that is, the full exercise of the option of excess placements, 25.57 billion shares will be issued.　　H-Share is higher than a-share, and 25.4 billion shares are to be issued. CCTV financial channel reporter in the on-site interview found some noteworthy places, in the case of weak shocks in the market, ABC in the prospectus only indicated the size of the raise, and did not determine the issue price, the current a-share market, ICBC, CCB and BOC's municipal net rate is 2.09 times times, 1.91 times times and 1.79 times times respectively.　　Industry analysts, AgBank will reduce the issuance of the price forecast to 1.6 times times the market net rate, which means that the issue price per share may be around 2.50 yuan. According to this calculation, AgBank a+h shares the largest size of 20 billion U.S. dollars, far below the market before the 30 billion U.S. dollar financing expectations, although this figure can not exceed the 2006 ICBC when the listing of 22 billion U.S. dollars in total fundraising, but as long as the issue price slightly higher, AgBank is still likely to become the world's largest IPO ever. It is understood that ABC will invite institutional investors in mid-June after the initial inquiry of a-share IPO, will be officially listed in July. As of December 31, 2009, AgBank's total assets amounted to 8,882,588,000,000 yuan, accounting for 11.3% of the total banking assets in the country, with a total loan of 4,138,187,000,000 Yuan, 9.7% of the total bank loans, and 7,497,618,000,000 yuan in total deposits, accounting for 12.3% of all banking deposits in the country.