Everbright Bank purchase under high price or squeeze net

Institutional investors believe that, such as Everbright still 3 yuan per share of the issue, in addition to the online subscription has a 3-month lock-up period, from the cost of capital considerations, will not be under the net Purchase August 4, Everbright Bank in Beijing, the last road before the listing.　　Everbright Bank Underwriting Team 3 yuan per share of the offer or reduce institutional investors under the network to purchase enthusiasm. "such as Everbright still 3 yuan per share price issue, in addition to the net purchase has 3 months of lock-up period, from the capital cost considerations, will not be under the net purchase."　　"One of the institutional investors who participated in the roadshow confessed that the overall market in the short-term rebound after the lack of momentum in the future, but also to strengthen everyone's watching psychology."　　Everbright three Field Roadshow, the main underwriter of CICC to the institutional investors to give the inquiry interval delineated in 3 yuan/share-3.2 yuan/share. "CICC is mainly asking the fund if it can accept a price of 3 yuan per share." An insider said that although the corresponding 2010 per share of net assets of 1.96 yuan, the issue price has fallen in the pb1.5-1.6 times range.　　But this is based on the assumption that Everbright's net profit growth exceeded 60% this year, we still doubt whether Everbright can achieve such a high increase.　　The person believes that the current pricing for the fund is rather awkward, the early positions of the fund, due to limited funds, certainly biased to do online, and the low position of the fund style is more cautious, if there is no obvious premium, it will not be easy to sell. Everbright This proposed to issue no more than 6.1 billion shares, after the issuance of total equity not exceeding 39.535 billion shares.　　If the full exercise of the option of excess distribution (green shoes), then the issue does not exceed 7 billion shares, issued after the total share capital of not more than 40.435 billion shares. Prospectus shows that the Everbright Bank for the IPO set up a callback mechanism, under the network issued in full subscription under the circumstances, if the online distribution of the initial success rate of less than 2% and below the net initial placement ratio, in the absence of online distribution final success rate higher than the net distribution of the final placement ratio under the premise will be issued from the net to the online distribution of no more than the initial distribution of about 5% of the stock (no more than 305 million shares).　　Before the start of the mechanism, the network issued no more than 1.55 billion shares, online distribution of about 1.55 billion shares.　　In addition, Everbright Bank strategic placement of not more than 3 billion shares, about 49.2% of the size of green shoes before the exercise, if the full exercise of green shoes, the strategic placement does not exceed the full exercise of green shoes issued after the size of 42.9%. The bank said in Wednesday in Shanghai that the strategic placement to identify 30 investors, the amount of subscription intention amounted to about 60 billion yuan.　　The 30 finalists included both strategic customers who cooperated with the banks all year round, as well as state-owned enterprises and existing shareholders with strong financial strength. Prospectus shows that Everbright will be announced on August 6, the price range, 9th began to purchase the net, 10th began online purchase, August 12 announced the issue of prices, is expected to be listed on the 18th.