China Mobile announced yesterday that its shares will be listed on the Shanghai Stock Exchange on January 5, 2022.
China Mobile’s A-share offering price is 57.58 yuan / share, the total number of shares issued before the exercise of green shoes is 845.7 million, and the total fund-raising is 48.695 billion yuan; If green shoes are fully exercised, the total number of shares issued will be expanded to 97255.5 million, with a total fund-raising of 56 billion yuan, which is also the largest IPO in China.
However, on December 27, 2021, China Mobile, a giant with a trillion market value of Hong Kong stocks, released the issuance results back to a, which was abandoned by online investors of 743 million yuan, and offline investors, including institutions, of 12.7 million yuan. Many netizens even called for no breaking.
This has also created a history of abandonment, exceeding the historical record of abandonment of Postal Savings Bank Of China Co.Ltd(601658) 653 million yuan two years ago. According to one sign for 1000 shares, the number of abandonment signs is 12910. If one sign corresponds to one investor, tens of thousands of investors will abandon the purchase.
Mobile’s A-share listing encountered a historic abandonment of purchase, which led to the netizens who won the lot very worried that mobile would repeat the process of the first sharp rise in the stock price and then break after China Telecom Corporation Limited(601728) listing. Many people said they borrowed money to pay the winning lot.
(Chongqing Business Daily)
