Everbright Bank's rate of 3.63%

Source: Internet
Author: User
Morning News reporter Xin Sunland China Everbright Bank Co., Ltd. (Everbright Bank, 601818) yesterday announced that its a-share IPO (initial public offering) price fixed as the issuing range of the upper limit of 3.10 yuan/share.  Everbright Bank of the distribution network under the total frozen capital of 307.874 billion yuan. The announcement, Everbright Bank This purchase did not start callback mechanism, the final online check rate (green shoes after the exercise) for 3.63%, beyond the previous market more than 2% of the expected, corresponding to 67.58 billion shares of the effective purchase of shares, frozen funds up to 209.5 billion yuan.  Under the net placing proportion 10%, the subscription multiple is 9.97 times times, freezes the fund nearly 98.374 billion yuan.  If the exercise of the excess placement (or "green Shoes") after the bank issued a total number of shares will reach 7 billion shares, financing amount of 21.7 billion yuan, for the second largest a-share IPO. Everbright Bank of the initial issue of the scale of 6.1 billion shares, of which the strategic placement of 3 billion shares, the network issued 1.55 billion shares, online distribution of 1.55 billion shares. Everbright Bank granted a a-share main underwriter no more than 15% of the initial issue size of the option of placing an allotment. The final confirmation to the Internet investors over placing 900 million shares, accounting for the initial size of 15%.  The total distribution after the excess placement is 7 billion shares. Everbright Bank's final issue price of 3.1 yuan to the post-earnings ratio of 16.4 times times. Citic Bank (601998), the most comparable listed bank to Everbright Bank, now has a dynamic P/E ratio of 13 times times and a static P/E ratio of 15.5 times times.

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