Ant group technology innovation board IPO approved

category:Finance
 Ant group technology innovation board IPO approved


According to the provisions of the science and technology innovation board, strategic investors should implement a sales restriction period of no less than 12 months. Ants requirements are more stringent. Strategic investors, including Alibaba, need to promise that 50% of the shares will be restricted for 12 months and 50% for 24 months. This is also the most stringent arrangement for the sales restriction period since the establishment of the science and technology innovation board, which shows the confidence of strategic shareholders in the future growth of the company.

According to the prospectus, from October 23, ant will start preliminary inquiry; on October 26, it will determine the issuing price of a shares and the final number and proportion of strategic investors; on October 29, it will start to apply for new shares online and offline.

According to the initial issuance arrangement, ant A shares issued online and offline accounted for 334 million shares before the call back mechanism and the green shoes mechanism was launched. According to the market estimate of RMB 2 trillion, the scale of strike new for the A-share market will exceed 20 billion yuan.

Specifically, before the call back mechanism was launched, the initial number of offline issues was 267 million shares, accounting for 80% of the number of a shares issued before green shoes after deducting the number of initial strategic placements, accounting for 45.71% of the number of a shares issued after deducting the number of initial strategic placements after green shoes.

In addition, before the launch of the call back mechanism and the green shoes mechanism of a shares, the initial online issuance was 66.828 million shares; before the launch of the call back mechanism and after the opening of the over allotment mechanism, the initial online issuance was 317 million shares, accounting for 54.29% of the number of a shares issued after deducting the number of initial strategic allotments. According to the initial issuance arrangement of a shares, ants strategic placement quota of 1.34 billion shares accounted for 80% of the total number of shares issued before green shoes and 69.57% of the total shares issued after green shoes. Zhejiang tmall Technology Co., Ltd., a wholly-owned subsidiary of Alibaba group, will participate in the strategic placement of the IPO as a strategic investor and subscribe for 730 million shares. The reporter noted that some Hong Kong funded securities companies have been pushing forward the IPO of ant group in Hong Kong, saying that they are expected to raise HK $17.5 billion (about 15 billion yuan) in Hong Kong. However, according to market news, ant plans to raise 35 billion US dollars (equivalent to more than 230 billion yuan), which may be a big gap with the above-mentioned fund-raising in Hong Kong. Source: Securities Times editor in charge: Yang Bin_ NF4368

In addition, before the launch of the call back mechanism and the green shoes mechanism of a shares, the initial online issuance was 66.828 million shares; before the launch of the call back mechanism and after the opening of the over allotment mechanism, the initial online issuance was 317 million shares, accounting for 54.29% of the number of a shares issued after deducting the number of initial strategic allotments.

According to the initial issuance arrangement of a shares, ants strategic placement quota of 1.34 billion shares accounted for 80% of the total number of shares issued before green shoes and 69.57% of the total shares issued after green shoes. Zhejiang tmall Technology Co., Ltd., a wholly-owned subsidiary of Alibaba group, will participate in the strategic placement of the IPO as a strategic investor and subscribe for 730 million shares.

The reporter noted that some Hong Kong funded securities companies have been pushing forward the IPO of ant group in Hong Kong, saying that they are expected to raise HK $17.5 billion (about 15 billion yuan) in Hong Kong. However, according to market news, ant plans to raise 35 billion US dollars (equivalent to more than 230 billion yuan), which may be a big gap with the above-mentioned fund-raising in Hong Kong.