Tuesday, December 21, 2010

China Everbright Bank IPO trends have set "moderate pricing" is not "spectrum"

As the market expected July 26 in large banks have no suspense, too. Before the meeting of China Everbright Bank Chairman of the Board on relevant Tang shuangning said, "the reporter for the community's concern about the pricing and future development, we also made the following three content to grasp: the moderate pricing, stock market performance left space; the second is moderate growth, is committed to enhance the Bank's profitability; the third is the moderate dividend, provide investors with long-term and stable returns. Through the above measures, we hope to give investors make a satisfactory answer. ”

"Moderate pricing", this is currently the most interest to investors. The Everbright Bank IPO trend has set scenarios, issuing price determination is undoubtedly the most affects the success of the investors ' interests. Especially in the Everbright bank reduced the scale of 30 million shares, the Everbright Bank how to price it more interesting, because generally speaking, the issue size by reducing the often means that the issue of price increases. However on this issue, but throw a Tang shuangning "moderate pricing", touched the North. Although Tang shuangning said to "stock market performance left space", but in the end is how much space, it also ambiguous. And the stock market always CBBC interchange, if refers to future bull market increased space, then this "more moderate pricing" didn't "spectrum". Therefore, "moderate pricing is not reduced to a" final "huyou pricing".

The reason for this speculation, it is because investors have repeatedly been "huyou" got used to it. Think at first, the number of new shares of the company, does not mean "return investors" its offering price of both investors "rational choice", in recent times release earnings, issuer remain of the view that the issue price is not high. Today the stock has only not allow investors to spit blood? the largest huyou undoubtedly is the issuing price of highest sea gdepri, the issue price per share reached $ 148. Faced with this issuing price high, face their own become China's richest man in the fact that the company Chairman Li-Li has hoodwinked the investors: this is a great time. It can be said that the Chinese stock market IPO price in particular market fat share since IPO price, the vast majority are "huyou price." Of course, this also includes some of the listed issuer's packaging, false statements, dress company performance, and other content, as well as sponsor people-elevation of the issuer's investment value, elevation issue price reached many picks sponsor fees, underwriting fees, etc.

The "moderate pricing" is more likely to be a "huyou pricing". Because any company IPO price determination can be considered a "moderate", investors simply unable to identify what kind of pricing is "non-moderate pricing" category. Even the sea pleasures of 148 Yuan gdepri, but relative to a "great time", the same as "moderate", what was "not appropriate"? Everbright Bank IPO of issue price determining 2.5 element is appropriate; determine 3.00 Yuan, the same is moderate; even if it is determined to be $ 4.00, still is modest. Visible, the "moderate pricing" is actually a "box", what price can be installed inside. Do not believe investors can to inquire about the price to snoop, where in the world is "moderately priced" such a pricing approach? this is the Everbright Bank of inventions.

Of course not let "moderate pricing" became "huyou pricing" method, that is on the "quantitative" moderate pricing, such as determining the Everbright Bank IPO issue price of shijinglv 1.8 times (July 26 only the rows in the shijinglv 1.66 times). If that is the case, that "at least" moderately priced is measurable and easy to do worthy. 【 】

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