Authorities say AgBank has finalised its IPO price for a shares of 2.68 yuan/share

Source: Internet
Author: User
A shares to the pricing range of the ceiling price, for 2.68 yuan/share, H-shares slightly above the median value of 3.2 Hong Kong dollars/shares "Caixin net" (reporter Wen Shu 7th from Beijing) 7th early morning, the ABC price final finalized. Close to the Agricultural Bank of authority, said the final price of a shares of 2.68 yuan/shares, and 6th online purchase prices in line.  H shares, which are HK $3.2/share, are slightly above the value in the RFQ interval. The price of AgBank's issue has been controversial ever before.  Initial pricing expectations higher, June 19, the promotion conference, the main underwriters gave a price limit of more than 4 yuan/share, corresponding to the dynamic market net rate of up to 2.4 times times. It was not until the roadshow began that the price range for investors from home and abroad came out, and AgBank's management was "awakening".  People close to the deal said there had been a dispute between AgBank executives and investment banks in choosing a pricing range, but had opted for a "quick turnover" in determining the RFQ range, in order to ensure a successful release.  On the evening of June 23, AgBank's H-share pricing range was finalised, with a corresponding 2010-year dynamic market net rate of 1.55 times to 1.79 times times, with a price range of 2.88 Hong Kong dollars/shares to HK $3.48/share.  June 28, the A-share inquiry interval is determined, lower than the H-share, for 2.52 yuan to 2.68 yuan per unit. Analysts believe that because of the multiple means to escort, coupled with the pricing range has been basically close to the psychological expectations of investors, so the final price of ABC has opted for the upper limit of the inquiry interval. However, the final release effect, but also to see the overall market trend of the day. Click to enter [ABC] Discussion

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