Millet went to Hong Kong for second days, closing at HK $19, up 13.1% from the opening price of HK $17, and its market value was HK $425 billion 100 million (about 54 billion 100 million US dollars).
In early morning, the opening price of millet was HK $17, and after that, it continued to soared in the pursuit of capital, which rose by more than 14%, and its share price was more than HK $19.
Xiaomi opened on the Hong Kong Stock Exchange yesterday at HK $16.6, closing at HK $16.8, down 1.18 from its HK $17 offering price. Lei Jun promised at the after-market public celebration yesterday,
Information shows that millet will issue 2 billion 179 million 585 thousand shares of B shares, of which 2 billion 70 million 605 thousand shares (about 95%) for international distribution, 108 million 980 thousand shares (about 5%) in Hongkong open sale, price of 17 Hong Kong dollars, collection of HK $37 billion 50 million. 15% additional allotment rights are set up. If exercised, the amount of fund-raising will be increased to HK $42 billion 610 million.
Hong Kong public offering of 200 shares per hand for subscription
Millet has introduced 7 cornerstone investors, who have subscribed for a total of US $548 million (about HK $4 billion 274 million). Among them, CIC subscribed $192 million; China Mobile and Qualcomm subscribed for $100 million; CB subscribed $66 million; Pauli group subscribed for $32 million; SF and China Merchants Group subscribed $30 million and $28 million respectively. Among the cornerstone investors, except for Qualcomm, the rest are all Chinese funded.
The big bank gives the target price of HK $30
Macquarie published a research report yesterday saying that Xiaomi is optimistic about Xiaomi's competitiveness and business model, believing that Xiaomi can monetize its users more than other mobile phone manufacturers and is close to the Internet and e-commerce industry, with a target price of 30 yuan. Equivalent to forecast 35 times earnings per share from 2018 to 2020, annual composite growth of 40%, rating
The bank said that the number of users is the most important asset of the company's monetization and the biggest difference between millet and other mobile phones. Millet is able to monetize through Internet services, such as advertising, online games, APPs, IoT and other Internet services, accounting for 39% of last year's Maori, which is estimated to rise to 42%, 45% and 49% years.
The company also said that the combined growth rate of the company's mobile phone volume from this year to 2020 reached 30%, reaching 221 million, accounting for 14% of the global market, mainly in the India market and the growth of South Asia, Europe and China; the company's style was fast, competitive and the number of users increased, which all helped the company to win the same way. Industry.
About 9.5 times oversubscribed
In July 6th, Xiaomi announced the results of the IPO placement, which announced that it received 1034986800 subscription applications, equivalent to 9.5 times over subscription.
If the sale price is calculated at HK $17, the listing of millet will be net financing of HK $23 billion 975 million and the listing value can reach US $54 billion.
Market analysis said, although millet momentum is very gimmick, but due to the market environment, the company's positioning valuation is not clear, the mainland push China depository voucher (CDR) abrupt delay and other factors, the millet IPO Hongkong retail customers have not been expected to subscribe, the amount of overpurchase is more than the previous IPO, reading and Yi Xin, and so on. It's very far from each other.
Millet will be included in Hang Seng Index and FTSE China 50 Index
According to reports, millet will be included in the Hang Seng Index of Hongkong. Hongkong Hengsheng index (HSI) said the index's shares will come into force in July 23, 2018 as the millet group meets the fast index rules of the Hang Seng Composite Index.
Hongkong Hang Seng Index announced that millet was included in the Hang Seng Composite Index, Hang Seng global composite index and Hang Seng Internet technology index. Hongkong Hang Seng index is responsible to the new Beijing News reporter, after the Hongkong Hang Seng index component, millet group will become the Shanghai Hong Kong investment mark, A share investors can borrow the Hong Kong shares to buy millet stock.
In addition, the FV index, the international index company, announced in July 9th that it would formally incorporate millet into the FV 50 Index in July 13th and formally enter into effect in July 16th.