The world’s first biotechnology company listed on Nasdaq, Hong Kong Stock Exchange and Shanghai Stock Exchange broke as soon as it was listed today.
Zhongyi signature loss 18790
investors cried: what about the good green shoes?
Baiji Shenzhou officially landed on the science and innovation board today. However, it broke at the opening, once falling nearly 20% to 155.02 yuan per share. If the shareholders of China new shares sell at the lowest point, China first sign will lose 18790 yuan, nearly 20000 yuan.
As of press time, the share price of Baiji Shenzhou has stabilized at about 164 yuan, with a market value of 168.8 billion yuan. Although it has rebounded, the Chinese new shares still lost more than 14000 yuan.
It should be noted that Baiji Shenzhou has introduced the “green shoe” mechanism, which can stabilize the share price of new shares.
Specifically, Baiji Shenzhou grants China International Capital Corporation Limited(601995) an over allotment option (or “green shoes”) that does not exceed 15% of the number of shares initially issued. If the over allotment option is fully exercised, the total number of shares issued will be expanded to 132 million, accounting for about 9.79% of the total number of shares issued by the company on October 31 and the total number of shares issued by the public (after the over allotment option is fully exercised). The arrangement of this over allotment option is conducive to promoting the stability of the company’s stock price after listing.
This makes many Chinese IPO people mistakenly think that there are green shoes to protect and will not break. Therefore, many investors cry on the stock bar: why does the green shoe protection still fall?
Others pointed out that the era of earning without losing is gone.
Not only the A-Shares broke, but also Baiji Shenzhou’s Hong Kong shares fell. As of press time, it fell by more than 4.68% to HK $167.2 per share, with the latest market value of HK $227.6 billion.
the company has not made a profit so far previously abandoned and purchased more than 1 million shares
The issuing price of Baiji Shenzhou’s science and innovation board is 192.60 yuan / share, and the first signing (500 shares) needs to pay 96300 yuan.
The high issue price of 192.6 yuan was abandoned by many investors. According to the issuance results disclosed by Baiji Shenzhou, online investors abandoned 1032500 shares, with an amount of about 199 million yuan,
Public information shows that Baiji Shenzhou is a global and commercial biotechnology company, focusing on research, development, production and commercialization of innovative drugs.
Baiji Shenzhou was listed on NASDAQ in 2016 and on the stock exchange of Hong Kong in 2018. Since its listing in US stocks in 2016, the company’s share price has not fallen for a year, and has increased nearly 9 times so far. At the same time, Baiji Shenzhou is also the largest heavy position stock of well-known investment institutions. In the Hong Kong stock market, Hillhouse also had a heavy position in Baiji Shenzhou. As of the end of the second quarter, Hillhouse held 134 million shares, with a shareholding ratio of 11.13%.
As an innovative biotechnology company, the company attaches great importance to technological innovation and always takes innovation and R & D as the focus of continuous investment. From 2018 to 2020, the company invested 4.597 billion yuan, 6.588 billion yuan and 8.943 billion yuan in R & D respectively, accounting for 350.88%, 223.03%, 421.78% and 84.88% of revenue respectively, ranking first among China Meheco Group Co.Ltd(600056) enterprises.
Under the high R & D investment, the company’s net profit continued to suffer losses. In 2018, 2019, 2020 and January September 2021, the net profits attributable to the shareholders of the parent company were – 4.747 billion yuan, – 6.915 billion yuan, – 11.384 billion yuan and – 5.5 billion yuan respectively.
after checking out suite 93
Shimao is killed again by both shares and debts
Shimao Group, which is making a lot of noise due to the check-out event, encountered a double kill of shares and debts again today.
“19 Shimao 01” fell 24% and was temporarily suspended in the session.
The Shanghai Stock Exchange announced that there were abnormal fluctuations in the trading of 19 Shimao 01 (155719) this morning. In accordance with the relevant provisions of the trading rules of Shanghai Stock Exchange and the detailed rules for real-time monitoring of abnormal securities transactions of Shanghai Stock Exchange, the Exchange decided to suspend the trading of 19 Shimao 01 (155719) from 10:05 on December 15, 2021 and resume the trading from 10:35 on December 15, 2021.
The exchange reminds investors to pay attention to transaction risks and invest rationally. After the resumption of trading, if there are abnormal fluctuations in the bond trading again, the exchange may implement the second intraday temporary suspension, which will last until 14:57 today.
It is worth noting that Shanghai Shimao real estate terminated the sales of “93 suites” on Pucheng road yesterday. Shimao real estate issued the latest announcement, which will terminate the listing sales of lane 580, Pucheng Road, Shanghai, and start the aftermath procedure. Handle the cancellation of the house sales contract for the customer and deal with it according to the contract.
It is reported that at the beginning of the sales of these houses, there was a news that “Shanghai Fangshu sold Shanghai Lujiazui Finance & Trade Zone Development Co.Ltd(600663) 93 suites and cashed out 450 million yuan”, which once rushed into the microblog hot search ranking list. After being snapped up by 30000 people, buyers were told that the 98 Suites had been mortgaged.
Affected by a series of news, institutions have lowered their ratings: CICC said that it lowered the rating of Shimao Group from outperforming the market to consistent with the market, with a target price of HK $6.58; JPMorgan lowered the ratings of Shimao Group and Shanghai Shimao Co.Ltd(600823) investment to low allocation due to increased liquidity concerns.
Most of the real estate sector rose
In addition to Shimao Group, the real estate sector has basically warmed up. In terms of a shares, the index rose nearly 1%.
Langold Real Estate Co.Ltd(002305) , Beijing Dalong Weiye Real Estate Development Co.Ltd(600159) rose 10%.
In terms of Hong Kong stocks, Caisheng life and Hengsheng real estate rose by more than 6%, country garden service and green city management rose by more than 3%.
(China Fund News)
