On December 23, China Mobile disclosed the strategic placement results of A-share IPO in Shanghai Stock Exchange. 19 strategic investors were allocated a total of 422 million shares, accounting for 49.90% of the total issuance of the company before green shoes, with a total subscription amount of 24.3 billion yuan. The strategic placement of China Mobile has been sought after by various investors such as national investment platforms, large central enterprises, well-known insurance institutions, Internet companies, large multinational enterprises and overseas sovereign wealth funds. The lineup of strategic investors can be called luxurious.
In this strategic placement, 141 million shares were allocated to national investment platforms such as social security fund, national transfer fund, Guoxin Investment, integrated circuit fund, China Africa Development Fund and Chinese investment fund, accounting for 33.33%. In addition, one belt, one road, is also supported by China Mobile, which has received support from various national funds in the cultural industry, integrated circuit industry and “one belt and one way” cooperation.
Many powerful and influential large central enterprises such as state grid, national energy group, China Electric Power Technology Corporation, China FAW, SDIC, China Energy Engineering Corporation Limited(601868) were allocated 137 million shares, accounting for 32.51%. Insiders believe that China Mobile’s introduction of central enterprises that dominate in different industrial fields as strategic investors will help drive the digital transformation of various industries and upstream and downstream of the industrial chain, create a new ecosystem of digital intelligence cooperation, and jointly promote the deep integration and development of 5g, cloud computing and other new generation information technologies with the real economy.
Large insurance institutions such as China Life Insurance Company Limited(601628) , The People’S Insurance Company (Group) Of China Limited(601319) , Taiping Life Insurance and China Post life insurance were allocated 113 million shares, accounting for 26.75%. Such long-term financial investors have extensive market influence and professional investment and research ability. This direct participation in the strategic placement of China Mobile A-share listing as a strategic investor highlights the market’s confidence in the future development prospect of China Mobile, the high recognition of China Mobile’s investment value and the continuous optimism for the long-term and healthy development of China’s capital market.
In addition, China Mobile’s A-share issuance is also actively participated by well-known enterprises at home and abroad such as JD, Zhengda Group and Brunei Investment Bureau and international sovereign funds. In the future, all parties are expected to expand greater cooperation space and play a stronger synergy in the field of digital economy.
It is reported that while introducing many high-quality strategic investors at home and abroad, China Mobile’s A-share listing has also been enthusiastically pursued by investors. After the call back, the online subscription multiple reaches 805.68 times, which is the highest subscription multiple of more than 10 billion non-financial enterprise IPO projects in the history of the A-share main board, reflecting the high recognition of China Mobile’s investment value by the capital market.
(Shanghai Securities News · China Securities Network)
