The issue price of SMIC is 27.46 yuan!
Time:2020.08.11
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SMIC stated that after the issuance price is determined, before the over-allotment option is exercised, the company's market value at the time of listing is about 195.966 billion yuan, and after the over-allotment option is fully exercised, the company's market value at the time of listing is about 202.909 billion yuan.
According to the announcement, SMIC’s public offering of shares is all new shares, and it plans to publicly issue 1.686 billion shares, accounting for approximately 23.62% of the total share capital after the issuance (before the exercise of the over-allotment option); Haitong Securities (14.810, 0.99, 7.16) %) The over-allotment option of 15% of the initial issuance scale. If the over-allotment option is exercised in full, the total number of shares issued will be expanded to 1.938 billion shares, accounting for approximately 26.23% of the total share capital after the issuance (the over-allotment option will be exercised in full Rear).
Based on SMIC’s current issue price of RMB 27.46 per share, before the over-allotment option is exercised, the total amount of funds raised by the company is estimated to be 46.287 billion yuan. After deducting issuance costs of RMB 635 million (tax included), the net amount of funds raised is estimated to be 45.652 billion yuan. If the over-allotment option is fully exercised, the total amount of funds raised by the company is expected to be 53.23 billion yuan. After deducting the issuance cost of 727 million yuan (tax included), the net amount of funds raised is expected to be 52.503 billion yuan.
In addition, Xinhua Life Insurance, People’s Daily Media Technology, Shanghai Fosun High-Tech, Singapore Government Investment Co., Ltd. (GIC Private Limited), Abu Dhabi Investment Authority (Abu Dhabi Investment Authority), Hefei Innovation Technology Venture Capital Co., Ltd., Shenchuang Investment and China Development Bank Technology Venture Capital Co., Ltd. also participated.
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