After two and a half months of the meeting, Foxconn issued a release announcement on the evening of the 22nd, confirming that the issue price was 13.77 yuan, and the subscription would be opened on the 24th. The fundraising amount of more than 27 billion yuan has refreshed the A shares' record for the past three years, and the stock's online success rate is also expected to be the highest this year.
Foxconn can apply for a stock issue price of RMB 13.77 per share on the 24th.
Publisher issued by Foxconn on the evening of the 22nd According to preliminary inquiry results, the sponsor shall comprehensively consider the issuer's fundamentals, market conditions, the valuation of listed companies in the same industry, the demand for funds raised and the underwriting risk, and negotiate and determine the issuance price at 13.77 yuan per share.
The number of shares issued this time is 1.97 billion shares, and the number of shares issued represents about 10% of the total share capital of the company after the issuance. All of these shares are public offerings of new shares and there is no transfer of old shares. Before the launch of the callback mechanism, the initial number of offline issuances is 965 million shares, accounting for approximately 70% of the issued amount after deduction of initial strategic placements, and the initial number of online issuances is 414 million shares, accounting for approximately the number of shares issued after deduction of initial strategic placements. 30%.
The online subscription of this issuance is abbreviated as "Furich subscription", and the subscription code is "780138". The online subscription time is from 9:30 a.m. to 11.30 a.m. and 13:00 a.m. to 15:00 p.m. on May 24.
This is a distribution source: SSE website< p>Funding over 27 billion A shares for the past three years
Announcements show that if this issuance is successful, it is expected that Foxconn will raise total funds of 27.12 billion yuan, deducting issuance costs After 404 million yuan, it is estimated that the net proceeds raised will be 26.716 billion yuan.
The fund raised by Foxconn will be used for the investment of eight major projects, including the construction of industrial internet platforms, cloud computing and high-performance computing platforms, efficient computing data centers, communications networks and cloud service equipment, 5G And Internet of things interconnection solutions, research and application of smart manufacturing new technologies, smart manufacturing industry upgrades, smart manufacturing capacity expansion.
The data shows that this is the largest IPO in the A-share market since the listing of Guotai Junan in June 2015. At the same time, it ranked No. 12 in the history of A-shares.
A-share Historical IPO Top 15 Fundraising Sources: China Securities Journal
It is worth noting that the two other “Unicorn” companies that have received widespread attention in the market – the IPO fundraising amount in the WuXi PharmaTech and Ningde eras appeared to be compared with the previously disclosed amounts. Shrinking, both over half.
The Foxconn projected that the raised amount will not change from the previously disclosed figures.
It is expected that this year's highest rate of online IPO will freeze funds or exceed one hundred billion yuan
Selling, CSI analysis believes that Foxconn's online success rate exceeds 0.47% is a foregone conclusion, and it is expected to become the newest stock in this year's online auction, and top-level purchases will be signed.
The Securities Daily quoted market analysis as predicting that Foxconn's online winning rate will remain between 0.6% and 1.3%, while the amount of frozen funds is expected to exceed 100 billion yuan.
So how much can you earn if you sign it?
According to statistics, in the past year, there have been about 7 daily limit boards for the new shares, which will be calculated at the issue price of Foxconn 13.77 yuan. The revenue per share will exceed 20,000 yuan.
The previously listed WuXi MingKang has now reached a daily limit of 11 consecutive trading days. If this calculation is made, there will be a gain of 37,700 Yuan for every 1 sign.
China Merchants Securities Research Report predicts that Foxconn will target target price ranges from 13.6 yuan to 17 yuan after listing, and the target market value will be 288.4 billion yuan to 335.5 billion yuan. In addition, the agency expects Foxconn's net profit forecast from 2018 to 2020 to reach 16.8 billion yuan, 17.7 billion yuan, and 19.2 billion yuan respectively. According to financial data, from 2015 to 2017, the operating income of industrial wealth associations was 272.8 billion yuan, 272.713 billion yuan, and 354.544 billion yuan respectively. The net profits attributable to shareholders of the parent company for the current period were approximately 14.35 billion yuan and 14.366 billion yuan, respectively. 15.868 billion yuan.
Consolidated Income Statement Source: Shanghai Stock Exchange website
Disclaimer Disclaimer: This article does not constitute investment advice. Investment is risky, and you must be cautious when entering the market!
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