Everbright Bank hits new price to finalize 3.1-yuan online check rate or over 2%

Rough China Everbright Bank Co., Ltd. (Everbright Bank, 601818) announced last night that it had set its IPO price range at RMB 2.85 to 3.10 yuan per share.　　Accordingly, Everbright Bank is expected to raise up to 21.7 billion yuan through this IPO.　　According to the distribution arrangements, Everbright Bank today will hold an online roadshow, but also began to purchase payment under the network, tomorrow, Everbright Bank online purchase, the 12th this month, Everbright Bank will announce the final pricing of its A shares, 18th this month, the official listing transactions.　　Under the net oversubscribed 17 times times market Personage thinks, Everbright Bank this a-share price range is basically in anticipation (3 yuan) among, "not too high, but also not too low".　　According to the announcement, Everbright Bank (after the issue) of the 2009 earnings ratio of 15.08 times times to 16.4 times times the level.　　Everbright Bank said last night that the price range corresponds to 1.47 times times 1.57 Times times the 2010 forecast of the market net rate, "the two-tier joint-stock banks in 2010 average forecast market net rate of more than 10% discount." According to the notice disclosed by Everbright Bank in Shanghai Stock Exchange (hereinafter called SSE), if it does not exercise the option of excessive placing, it will issue 6.1 billion shares in total,　　It is expected that the collection of a shares of about 18.91 billion yuan, but if the exercise of the option of excessive distribution, the total number of shares will expand to 7 billion shares, is expected to raise the size of the capital can reach 21.7 billion yuan.　　The announcement indicated that, August 5, Everbright Bank has completed the roadshow and the net inquiry, 74 inquiry object's 151 institutional investors to participate in the quotation, shortlisted subscription demand more than 26 billion shares, for the net initial issuance scale 17 times times.　　Online check rate or over 2% for investors interested to participate in Everbright Bank's online distribution, Everbright Bank online issuance of the purchase time of August 10 (this Tuesday), the purchase code of 780818, a single securities account of the number of commissioned subscriptions shall not be less than 1000 shares, but the maximum must not exceed 2.4 million shares.　　As investors involved in the online funds to purchase the price range (3.10 yuan/share) for the purchase, which means that the individual investors to participate in the subscription of funds up to not more than 7.44 million yuan.　　Wanguo [3.16-2.47%] Securities Research Institute senior researcher Lin Jin last weekend issued a report that, assuming the price of Everbright Bank in the vicinity of 3 Yuan, the corresponding online check rate of 2% critical, online subscription funds amount to about 367.5 billion yuan.　　Lin Jin also said that the amount of funds for the purchase of frozen this year than last year showed a marked contraction, and Everbright Bank issued in the same period there are still 6 gem IPO, to this analysis, if the Everbright Bank's IPO price is not significantly lower than market expectations, then participate in Everbright Bank's online subscription funds will likely be lower than the above critical mass.　　Lin Jin said that in view of the Everbright Bank's online rate may be higher than 2%, it is expected that Everbright Bank will not start the callback mechanism. The Everbright BankThe IPO set up a callback mechanism, under the premise of full subscription under the Net Network, if the online distribution of the initial check rate of less than 2% and below the net initial placement ratio, then the net issue in the final check rate is higher than the net distribution of the final placement ratio under the premise, from the net to issue back to the Internet not more than the initial distribution of the scale of about 5% Stock (no more than 305 million shares).