CNOOC, the “Big Mac” to be listed soon, has also encountered large-scale abandonment of its purchase! On the 18th, CNOOC disclosed the issuance results. Among them, online investors gave up the subscription of 22425778 shares, with an amount of about 242 million yuan; Offline investors gave up the subscription of 55200 shares, and the amount of abandonment was about 596000 yuan.
Specifically, the issuing price of CNOOC is 10.80 yuan / share. The issuer and the joint lead underwriters negotiated and determined that the number of shares issued this time is 2600 million shares, accounting for about 5.50% of the total share capital of the company after the issuance (before the exercise of the over allotment option). All of them are new shares issued to the public without the transfer of old shares.
Zhongxin Jingwei noted that the CNOOC issuance will enable the “green shoe” mechanism, that is, the over allotment option. The announcement shows that the issuer grants the recommendation institution (co lead underwriter) an over allotment option of no more than 15.00% of the initial issuance scale. If the over allotment option is fully exercised, the total number of shares issued will be expanded to 2990 million, accounting for about 6.28% of the total share capital after issuance (after the over allotment option is fully exercised). All the over allotted shares are allotted to online investors.
It is reported that the subscription funds promised by the strategic investors in this offering have been paid in full and in time to the bank account designated by the joint lead underwriters. The final number of strategic placement is 12398148100 shares, accounting for 47.69% of the total amount of this offering before the exercise of the over allotment option and 41.47% of the total amount of this offering after the full exercise of the over allotment option; The difference between the initial strategic placement and the final strategic placement of 60185190 shares will be transferred back to offline issuance.
According to the announcement, after the callback mechanism was launched, the final number of shares issued under cnooc.com was 367617190 shares, of which the final number of shares issued under the non lock term part was 110282692 shares, and the final number of shares issued under the lock term part was 257334498 shares. The final number of shares issued online is 1382568000 shares (including over allotment). After the call back, the winning rate of this online offering is 042697013% (including the over allotment), and the effective subscription multiple is 234.21 times (including the over allotment).
According to the subscription, CNOOC online investors paid 1360142222 shares, with a total amount of about 14.69 billion yuan. Online investors abandoned 22425778 shares, with a total amount of about 242 million yuan; The number of shares subscribed by offline investors was 367561990, and offline investors abandoned 55200 shares, with an amount of about 596000 yuan.
It is reported that all the shares abandoned by online and offline investors are underwritten by the joint lead underwriters ( Citic Securities Company Limited(600030) , China International Capital Corporation Limited(601995) , Boc International (China) Co.Ltd(601696) ).
It is worth mentioning that recently, the phenomenon of abandoning the purchase of new shares is more common. On April 17, wechat disclosed the issuance results of new shares on the science and innovation board. Online investors gave up the subscription of 3381527 shares, accounting for 38.76% of the total online issuance of 8.7235 million shares, and the amount of abandonment amounted to 778 million yuan.
On April 12, Jingwei Hengrun announced that the number of online investors giving up subscription was 3260949 million shares, and the amount of abandoned purchase was 395 million yuan. The number of abandoned shares accounted for 10.87% of the total issuance and 33.7% of the final online issuance.
It should be pointed out that the A-share ecology of “new shares will earn” is quietly changing. Yang Delong, chief economist of Qianhai open source fund, believes that investors should not stick to the previous idea of making new profits without losing, but should realize that making new ones is also risky. He said that after the full implementation of the registration system, the probability of high priced stocks is still high, so investors should be more cautious in playing new stocks to prevent new losses.
In the view of Chen Mengjie, chief strategist of YueKai Securities Research Institute, closing your eyes and making innovations will become a thing of the past. In the future, the subscription of new shares needs to pay more attention to the research on the combination of fundamentals and the market, and investors need to participate in making innovations rationally. Especially for high-priced stocks, due to the relatively high initial capital threshold and greater volatility, investors need to fully evaluate their risk tolerance and participate cautiously and rationally.
