As of 1:00 p.m. on Tuesday, the IPO margin of ant group in Hong Kong has exceeded 40 billion yuan, which is about 11 times the over subscription.
Admission fee HK $4040.31
According to the prospectus, ant group plans to issue 1.671 billion H shares, of which 41.768 million shares are for public sale, accounting for 2.5%; about 1.629 billion shares are sold internationally, accounting for 97.5%; and 15% of the shares are over allocated.
If the public offering subscription multiple reaches 10 times or more, a call back mechanism will be triggered and the offer shares will be reallocated from the international allotment to the Hong Kong public offering. When the subscription multiple reaches 20 times or more, the total number of Hong Kong public offering shares will increase to about 167 million shares, accounting for 10% of the total number of H shares offered (before the exercise of the H-share over allotment right).
Secondary market performance expected
Ant group will raise 114.94 billion yuan (about 17.23 billion US dollars) in a shares and 133.65 billion Hong Kong dollars (about 17.24 billion US dollars) in H shares according to 68.8 yuan a share and 80 Hong Kong dollars per H share.
On the whole, ant group plans to raise about $34.5 billion through the IPO of a + H shares, which surpasses Saudi Aramco and becomes the largest listing activity in the world so far.
How much red envelope can you get when you participate in this new fight?
According to the announcement, ant will issue no more than 1.67 billion new shares in a shares, of which 1.34 billion shares were initially allocated in the A-share issue, accounting for 80% of the initial issuance of a shares (before the green shoes). It seems that the company intends to reduce the pressure on the secondary market, and at the same time, it also benefits new investors to the greatest extent.
Some market participants believe that ant groups new share subscription is the largest and event IPO in the A-share and Hong Kong stock market in 2020, and will also stimulate the market to revalue the value of financial and technological enterprises. Editor: zhushaoyong source: responsible editor of Shanghai Securities Journal: Zhong Qiming_ NF5619
Some market participants believe that ant groups new share subscription is the largest and eventful IPO in the A-share and Hong Kong stock markets in 2020, which will also stimulate the market to revalue the value of financial technology enterprises.