According to the prospectus, the company’s issuance was conducted through strategic placement, offline distribution and online issuance. In terms of specific operations, the initial strategic placement accounted for 30% of the total issuance volume. There are The 50% lockout period is 12 months, the 50% lockout period is 18 months, and in order to reflect the strategic cooperation intention with the company, some investors may voluntarily extend the lockup period of all their shares to not less than 36 months. The initial issuance under the net accounts for 49% of the total number of shares issued, and will be locked for 12 months according to the arrangement of 70% of the shares; the initial number of online issuance accounts for 21% of the total number of shares issued.
The industry believes that after the adoption of 'Strategic Distribution + Large-scale Lock-up', the scale of Foxconn’s initial circulation will be effectively controlled. This will effectively reduce the impact of large-scale initial public offerings on the secondary market while ensuring sufficient fund-raising is in place. Impact.
On the same day, Foxconn held an online investor exchange meeting. Chairman Chen Yongzheng stated that the selection of strategic investors was determined after fully considering the qualifications of investors and the company’s long-term strategic partnership. These include: (1) Having a good market reputation and Market influence, investors representing broad public interests; (2) Large state-owned enterprises or their subordinate enterprises, large insurance companies or their subordinate enterprises, state-level investment funds and other investors with strong financial strength; (3) with companies Investors who have a strategic partnership or long-term cooperation vision and have a long-term interest in holding shares.
Foxconn stated that after the listing of the company, the company will further comply with the operational requirements of the modern enterprise system, improve the corporate governance structure and adapt to the requirements of the market competition management system; vigorously develop the industrial Internet; as a listed company to strengthen investor relations management.
Foxconn stated that China’s capital market has experienced continuous growth during its decades of development. Recently, it has also seen that the regulatory authorities have introduced many supporting policies to promote marketization, internationalization, and the healthy development of the stock market. With the support of the capital market, it will attract more high-quality companies to join, creating more quality investment opportunities for investors and investors.
When Foxconn secretary-general responded that the funds were occupied, they said: No funds were occupied by Hon Hai Precision, the controlling shareholder, and other companies controlled by it.
According to the historical IPO offering of A-shares, Foxconn’s IPO fundraising will be ranked No.12, and is basically the same as the total amount of raised investment projects previously listed in the IPO submission. After the listing, Foxconn will become super-unique. Horn beast, whether the market can give a higher premium is still full of suspense and expectations.