Since the report of the prospectus of Foxconn Industrial Internet Co., Ltd. (i.e., Foxconn, hereinafter referred to as 'Industrial Fortune', stock code '601138') on February 1 this year, it is now less than four months later. It will officially meet with investors on May 24. It is reported that the issue price of Industrial Fulian is 13.77 yuan per share. It will be purchased on May 24, and the total amount of funds raised will be about 27.1 billion yuan, which has set a record for the past three years. Shares raise a total new high.
Finalized issue price of 13.77 yuan/share
At the middle of the night of May 22, the prospectus issued by the Industrial Fulian updated and revealed that the company's per-share offering price was 13.77 yuan, corresponding to a price-to-earnings ratio of 17.09 times. Online and offline subscriptions will be made on May 24.
It is reported that Industrial Fulian is a professional design and manufacturing service provider of communication network equipment, cloud service equipment, precision tools and industrial robots. It provides customers with intelligent manufacturing services for new forms of electronic equipment products based on the industrial Internet platform. According to the China Securities Regulatory Commission 2012 10 In the "Guidelines for Industry Classification of Listed Companies" published on the month, the industrial rich is affiliated to the computer, communications and other electronic equipment manufacturing industries. As of May 18, the average static price-earnings ratio of the industry published by China Securities Index Co., Ltd. for the latest month was 41.66. Times.
According to calculations, every time an industrial rich company is signed, the investor’s corresponding amount is 137.7 million yuan. If the P/E ratio of the industrial wealthy group reaches the average static price-earnings ratio of the industry in the recent month, the Beijing Commercial Daily reporter found out through calculation that the industry Fulian’s stock price is expected to rise to approximately RMB33.57 per share. It will then need to harvest about 6 daily limit-to-market returns after listing. The investor’s single-signed return is expected to reach approximately RMB19,800.
According to the announcement of the stock release issued by Industrial Fulian, the upper limit of the subscription cannot exceed the upper limit of the amount of requisition that can be calculated based on the market value of non-restricted A-shares held by the Shanghai market, and must not exceed 1,000th of the initial number of online issuances. One (the initial number of online issuance is about 413 million shares), which is 413,000 shares. If you want top-end subscription, you must match the market value of 4.13 million yuan in Shanghai.
According to the financial data, the operating income realized by the Industrial Fulian in 2015-2017 was approximately RMB 272.8 billion, RMB 272.713 billion and RMB 354.504 billion respectively, and the net profit attributable to the parent company shareholders during the current period was approximately RMB 14.35 billion and RMB 14.366 billion respectively. Yuan and 15.868 billion yuan.
In the latest prospectus disclosed on May 23, Industrial Fulian predicted that its operating income for the period from January to June in 2018 was approximately RMB 146.06 billion to RMB 154.58 billion, a year-on-year growth rate of approximately 6.8%-13.1%; attributable to shareholders of the parent company The net profit was approximately 5.38 billion to 5.6 billion yuan, a year-on-year increase of approximately 0.9%-5.1%.
Impact on the value of A shares technology stock market 'a brother'
According to the prospectus disclosed by the Industrial Fulian, the company’s public offering of approximately 1.97 billion shares represented 10% of the total issued share capital. Based on the issuance price of RMB13.77 per share, the initial total market value of Industrial Fulian is approximately 2710. Billion billion. Calculated by a reporter from Beijing Commercial Daily, Industrial Riches only needs a daily limit on the first day of listing, and the company's market value can exceed Hikvision, becoming a new stock for the A-share technology stock market.
It is understood that as of the close of May 23, Hikvision ranked at the highest market value of A stock market with a total market value of approximately 375.8 billion yuan. If Industrial Rich Harvest gains a daily limit on the first day of listing, the company's share price rose to approximately 19.83. Yuan/shares, based on this stock price, the corresponding market value after the top-limit daily limit on the first day of the Industrial Fulian listed will reach approximately 390 billion yuan, becoming the highest value technology stock in the A stock market.
In addition, according to the average static price-to-earnings ratio of the industry in the last month of the industrial wealth association, if the stock price of the industrial wealth union rose to approximately 33.57 yuan per share, the company's market value will exceed 660 billion yuan.
Affected by the upcoming IPO of the industrial rich, some of the industrial wealthy stocks have also encountered a round of 'stir-fried'. For example, as of the close of May 23, Ancai High-tech Co., Ltd. closed at 9.87 yuan/share, up 7.4%. The trading market showed that since the Industrial Fulian disclosed the news of subscriptions on May 14th, the accumulated gains of the Ankei High-tech Zone in the past 8 trading days reached 22.3%. It is reported that the second largest shareholder of Ancai Hi-Tech was Fuding Electronics, Fuding. The actual controller of Electronic and Industrial Fulian is Hon Hai Precision Industry Co., Ltd.
In addition, the source of the innovation of the Branch closed at the daily limit on May 23, and the trading conditions showed that the cumulative range of innovation sources in the past 8 days was 49.73%. However, Xinwei Communications, Zhizong Zhizhuang, Shenghong Technology, Xingxing Technology, etc. Some industrial rich-link concept stocks closed lower on May 23th. Senior investment and financing expert Xu Xiaoheng said in an interview with the Beijing Commercial Daily reporter that investors should not be overly addicted to the unicorn concept stock market speculation, or should return to value investment. On the right path, find the target that matches the valuation with the valuation.
Total fundraising reached a new high in nearly three years
The total amount of fundraising for industrial wealth alliances has always attracted the attention of the market. There was also a rare occurrence of undisclosed total fundraising in the IPO approval issued by the Industrial Richeman. Therefore, the Industrial Fulian was also once sold by the market. It is believed that the raised funds are shrinking. However, according to the IPO prospectus disclosed by the Industrial Fulian, the total amount of funds ultimately raised by the company is approximately 27.1 billion yuan. After deducting the issuance cost of 400 million yuan, the net fundraising amount is approximately 26.7 billion yuan. The total amount of funds raised is equivalent to Initially, the amount of funds to be raised is about 27.3 billion yuan. It is worth mentioning that the total amount of funds raised by Industrial Fulian hit a new high in the A-share market in the past three years.
According to statistics of Wind data, the total amount of fundraising of the Industrial Fulian about 27.1 billion yuan ranked 12th in the A-share historical IPO fundraising total. After the Guotai Junan IPO raised about 30 billion yuan in 2015, the Industrial Fulian was The most recent new stocks in the A-share market in the past three years.
It is understood that after deducting the issuance expenses, the Industrial Fulian plans to invest approximately RMB 26.392 billion for the 20 investment projects after deducting the issuance costs. Another RMB 324 million is planned to be used to supplement the working capital. Specifically, it is raised. After deducting the issuance expenses, the funds are mainly focused on the construction of industrial internet platforms, cloud computing and high-performance computing platforms, efficient computing data centers, communication networks and cloud service equipment, 5G and internet of things interconnection solutions, and smart manufacturing new technology research and development applications. , Smart manufacturing industry upgrades, smart manufacturing capacity expansion 8 parts to invest, a total of 20 investment projects, and additional working capital.
Industrial Fulian stated that if the actual net proceeds (after deducting issuance costs) cannot meet the actual needs of the above investment projects and company working capital, the insufficiency will be resolved by the company through bank loans or self-financing.
Very unicorn sample meaning
Industrial Fulian plans to adopt 'strategic placement + partial offline lock-out' to become the focus of hot market discussions. From the perspective of industry insiders, this kind of innovative issuance by Industrial Fulian is very useful for giants that will be issued through CDR. Great reference.
It is understood that the Industrial Fulian's issuance intends to adopt targeted placements with strategic investors, and the combination of online offline inquiry to inquiry objects and on-line pricing and issuance of public investors who hold the market value of non-restricted A-shares in the Shanghai market. The number of initial strategic placements is approximately 590 million shares, which is approximately 30% of the total number of shares issued. The difference between the final number of strategic placements and the number of initial strategic placements will be reversed based on the principle of 'callback mechanism'. Before the start of the mechanism, the initial issuance amount was 965 million shares under the net, accounting for approximately 70% of the issued amount after deducting the initial strategic placements; the initial number of online issuances was 414 million, accounting for approximately 30% of the issuance amount after deduction of the initial strategic allotment quantity. .
Earlier it was reported that the Industrial Fulian has completed initial selection of IPO strategic placement investors. Internet giants such as BAT have been selected for a large number of strategic placements. According to Xu Xiaoheng, the introduction of strategic investors by Industrial Fuyin has effectively reduced the issuance The impact of the new shares on the secondary market, maintaining the stability of the secondary market after the listing, and allowing more investors to enjoy the 'unicorn' bonus.