Ant balance: 80percent strategic placement set a record, investors hit a new 20 billion

category:Finance
 Ant balance: 80percent strategic placement set a record, investors hit a new 20 billion


According to the IPO plan, ant will issue no more than 1.67 billion new shares in A-share and H-share respectively, and the total number of new shares issued by a + H will not exceed 11% of the total share capital of the company (before green shoes) after the issuance. Among them, 1.34 billion shares were initially allocated to a shares, accounting for 80% of the initial issuance of a shares, setting a new high on the science and technology innovation board.

When Alibaba was listed in Hong Kong, the institutional placement ratio was 90%

According to the reporters understanding, the listing process of ant group has been accelerating, and the registration process of science and technology innovation board has been completed in 57 days. From the official announcement of listing on July 20 to the submission of the prospectus on August 25, ant groups IPO on the science and technology innovation board was launched on September 18. On October 21, the CSRC approved the IPO registration of ant groups science and technology innovation board. On the same day, the company updated the letter of intent and announced the listing and issuance plan.

In this regard, Yang, manager of a private equity fund in Shanghai, said that the strategic placement ratio of ant financial services A-share issuance reached 80%, which should be the highest in the history of A-shares. The purpose of raising the strategic placement ratio to such a high level is to reduce the pressure on the secondary market. From another perspective, the regulatory layer has a strong paternal love for the market.

According to people familiar with the matter, CIC and China social security fund have decided to participate in A-share strategic investment; international institutional investors also include Singapore Temasek, Singapore Government Investment Corporation, Abu Dhabi Investment Authority, Saudi Arabia public investment fund and other top global sovereign wealth funds. In terms of the strategic placement restriction period, according to the issuance plan, strategic investors, including Alibaba group and the worlds six major sovereign funds, need to promise that 50% of the shares will be restricted for 12 months and 50% will be restricted for 24 months.

Wei Tao, assistant president of Huaxi Securities and director of the Research Institute, said that the strategic placement is not a one-way choice, it is a two-way choice between the target and the market. As institutional investors have sufficient capital, prudent decision-making and strong analytical ability, their long-term investment style is outstanding. As ant is listed on the science and technology innovation board, it will introduce a large number of long-term funds for the scientific and technological innovation board, which is conducive to the stability of the market, and also helps to promote A-share from short bull and long bear to slow bull pattern.

In fact, the strategic placement threshold of the science and technology innovation board is relatively high, and there are requirements for investors qualification, capital reserve, and sales restriction period. The courage to introduce more long-term investors reflects ants self-confidence; under the above constraints, global institutional investors are still competing to target ants, which verifies that investors fully recognize the development potential of ants.

About 20 billion yuan of new specifications, lower than SMIC international?

Prior to this, a number of securities companies gave a range of 1.7 trillion to 2.5 trillion yuan of valuation, and this valuation is still rising. Therefore, in addition to participating in the strategic placement, the markets new mood is unprecedented. According to the issuance plan, in addition to the strategic allotment and Hong Kong share of ant groups IPO, before the launch of the call back mechanism and the launch of green shoes, market investors can share the subscription shares of 334 million shares online and offline. According to the current market valuation of ant group of 2 trillion yuan, the new scale is more than 20 billion yuan.

Along with the IPO of ant, the company also updated the financial data in the letter of intent. According to the prospectus, from the current business scale, ant has more than 1 billion annual live users, more than 80 million connected businesses, 118 trillion yuan of transaction volume and more than 2000 cooperative financial institutions. Because of the growth of platform user scale and business scale, ant group has been maintaining a rapid growth trend.

According to the data updated in the prospectus, ant groups operating revenue in the first three quarters of 2020 will reach 118.191 billion yuan, up 42.56% year-on-year, mainly from the growth of digital financial technology platform revenue; gross profit of 69.549 billion yuan, with a year-on-year increase of 74.28%; and the overall gross profit margin increases from 48.13% in the same period of last year to 58.84%.

As a company of this size, investors in the A-share market have said, will A-share bear more pressure?

As we all know, the Internet giant faamg (Facebook, apple, Amazon, Microsoft, Google) is the driving force for the long bull of American stocks. With the approval of the Securities Regulatory Commission for ant groups IPO registration on the science and technology innovation board, A-share will soon usher in the first Chinese version of faamg. At the Bund conference recently concluded, Hu Xiaoming, CEO of ant group, said that the most important thing after listing is to invest technology.

According to the prospectus, the ant technicians account for 64%, covering all business lines. The company has 26 279 patents or patent applications in 40 countries or regions around the world. In the field of blockchain, ant group ranked first in the world in patent application for 4 consecutive years, with 212 patents granted, ranking first in the world. At the same time, in terms of fund-raising investment, it includes promoting the upgrading of digital economy (accounting for 30%), strengthening global cooperation, and contributing to global sustainable development (accounting for 10%), further supporting investment in innovation and science and Technology (accounting for 40%), and replenishing working capital (accounting for 20%).

Before the launch of the call back mechanism, the number of initial offline issuance 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, and about 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 launch of the green shoes of a shares, the initial number of online issuance was 66.828 million; before the launch of the call back mechanism and after the opening of the over allotment, 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. At present, ant IPO is on the way, trying to rebuild a new Ali in the financial system; at the same time, after listing, it helps A-share to create an investment environment of medium and long-term value, improve the market system, attract more long-term institutional incremental funds and technology companies to enter the market, forming a new growth momentum. Of course, for A-shares and ants, this is just the beginning. Editor in charge: Ma Xiaochao editor in chief: Chen Feng source: China Times editor in charge: Guo Chenqi_ NBJ9931

Before the launch of the call back mechanism, the number of initial offline issuance 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, and about 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 launch of the green shoes of a shares, the initial number of online issuance was 66.828 million; before the launch of the call back mechanism and after the opening of the over allotment, 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.

At present, ant IPO is on the way, trying to rebuild a new Ali in the financial system; at the same time, after listing, it helps A-share to create an investment environment of medium and long-term value, improve the market system, attract more long-term institutional incremental funds and technology companies to enter the market, forming a new growth momentum. Of course, for A-shares and ants, this is just the beginning.

Editor in charge: Ma Xiaochao chief editor: Chen Feng