The amount of abandoned purchase reached 756 million yuan! The largest IPO of A-Shares in recent 10 years was “rejected” by innovators.
On December 27, China Mobile disclosed the IPO results. The number of unpaid subscriptions by online investors was 12.9103 million shares, and the unpaid subscription amount was 743 million yuan; The number of unpaid subscriptions by offline investors was 220600 shares, and the unpaid subscription amount was 12.7049 million yuan; The total amount of abandonment amounted to 756 million yuan.
the total amount of abandoned purchase reached 756 million yuan
According to China Mobile’s announcement on December 27, its IPO was abandoned. Specifically, the number of unpaid subscriptions by online investors was 12.9103 million shares, and the unpaid subscription amount was 743 million yuan.
Source: China mobile announcement
Not only did the online offering abandon the purchase, but the offline offering of China Mobile also abandoned the purchase. According to the announcement, the number of unpaid subscriptions by offline investors of China Mobile is 220600 shares, and the unpaid subscription amount is 12.7049 million yuan.
Source: China mobile announcement
In general, the total number of shares abandoned by China Mobile in this IPO was 13.1309 million, with a total amount of 756 million yuan.
It is worth noting that the previous strategic placement of China Mobile’s A-share IPO is highly sought after.
According to the announcement of China Mobile on the evening of December 23, in this strategic placement of China Mobile, 141 million shares were allocated to national investment platforms such as social security fund, national transfer fund, Guoxin Investment, phase II of national integrated circuit industry investment fund, China Africa Development Fund and Chinese investment fund, accounting for 33.33%. Large central enterprises such as state grid, national energy group, China Power Technology Corporation, China FAW, State Investment Corporation and China Energy Engineering Corporation Limited(601868) were allocated 137 million shares, accounting for 32.51%. 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%.
co lead underwriters underwrite
Where will the abandoned purchase share of RMB 756 million go?
According to the announcement of China Mobile, according to the relevant management measures, all the unpaid subscription shares of online and offline investors are underwritten by the joint lead underwriters. The number of underwritten shares by the joint lead underwriters is 13130958 shares, and the underwritten amount is 756080561.64 yuan, accounting for 1.35% of the issuance scale after the full exercise of “green shoes”.
The announcement shows that the co lead underwriters of China Mobile’s IPO are China International Capital Corporation Limited(601995) , Citic Securities Company Limited(600030) , China Securities Co.Ltd(601066) , Huatai united, Boc International (China) Co.Ltd(601696) and China Merchants Securities Co.Ltd(600999) .
Previously, the most expensive new share in the history of A-Shares issued in the middle of this month, Hemai shares, also abandoned the purchase. At that time, as the lead underwriter of Hemai shares, “brother of securities firm” Citic Securities Company Limited(600030) underwritten the abandoned shares worth 363 million yuan. Hemai shares rose nearly 30% on the first day of listing. The investors who paid the new items on time and Citic Securities Company Limited(600030) who underwritten all the abandoned shares made a lot of profits.
(China Securities Journal)
