Everbright Bank's future performance can be

August 9 Evening News Everbright yesterday announced the price range of 2.85-3.10 yuan, compared to the previous market rumors of the price range, to a large extent, embodies the Everbright Chairman Tang Shuangning vice-chairman proposed a moderate pricing strategy.　　Close to the issue, said the parties are satisfied with the price range, but also said that the price range than the market on the valuation of various securities companies have a lot of discount, Everbright Bank's future performance is worth looking forward to. The Shanghai-listed "A-share net issue announcement" shows that the Everbright Bank's IPO issue has introduced two special mechanisms, war-casting and green shoes. The initial issuance scale is 6.1 billion shares, and has 15% of the option of excess placements; the placing of the strategic investors not more than 3 billion shares, accounting for nearly half of the distribution before the green shoes, greatly reducing the pressure on the market funds face.　　There are no more than 1.55 billion shares issued to institutional investors under the net, and the remainder is distributed online. According to CICC's research report, such a special distribution structure allows Everbright Bank to be listed for three months to one year, the circulation market value is only more than 10 billion, the circulation market value is smallest in the listed bank stock, even after one year of listing, the negotiable market value is only about 400 to 50 billion, while other joint-stock banks such as CMB can circulate market value over 1 , 40 billion yuan, Societe Generale, Pufa, the people's livelihood of the circulation market value of more than 80 billion yuan.　　Everbright Bank's small circulation market value, coupled with its road performance by investors generally recognized by the high growth, very vulnerable to risk preference of investors in the pursuit of more opportunities for future trading.　　A shanghai-based fund manager who participated in Roadshow has revealed that the biggest attractions of Everbright Bank are the high profitability of the next few years, the establishment of strategic placements and green shoes, and the small circulation market value and the stock activity. In addition, this issue introduced the green Shoe mechanism also gave Everbright bank future share price performance of another safeguard. If demand is weak in the future, the main underwriter in the afternoon by the price or below the issue price into the market, to buy the most equal to the number of excess shares, so as to support the performance of stock prices in the two-tier market, to help Everbright Bank's shares from the first tier market to the two level of smooth transition; It is not necessary to support the stock price in the afternoon, the excess allotment of 15% shares can be exercised through the exercise of excessive distribution options, the size of the issuer's financing expanded. At present, the city has warmed up, the general undervaluation of banking stocks to bring a more relaxed environment, combined with the regular report from the Fund to see, the fund significantly reduced earlier, the current increase in the demand for configuration, Everbright Bank in the external environment and the internal distribution mechanism of double positive stimulation, is expected to go out after the listing to investors satisfied with the market.