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西安银行(600928)新股网下询价策略

國元證券 ·  Jan 16, 2019 00:00  · Researches

On January 17, 2019, the Bank of Xi'an launched an offline inquiry. The Bank of Xi'an has no transfer of old shares. According to the disclosure in the prospectus of intent to raise capital, issuance costs, and issuance volume, the Bank of Xi'an's issuance price is estimated to be 4.68 yuan, corresponding to a price-earnings ratio of 10.28 times, which is higher than the average monthly price-earnings ratio of 6.48 times in the monetary and financial services industry, which is below the red line of 23 times price-earnings ratio. The average daily market value of unrestricted A-shares and unrestricted depository certificates held by offline investors participating in the preliminary inquiry for quotations in the Shanghai market 20 trading days (including the benchmark date) before the benchmark date (including the benchmark date) should be at least 60 million yuan (inclusive). The minimum proposed purchase quantity for each placement target managed by an offline investor to participate in this offline offering is 5 million shares, and the minimum unit of change in the proposed purchase quantity is set at 100,000 shares, that is, the portion of the proposed subscription volume of each placement target managed by an offline investor that exceeds 5 million shares must be an integer multiple of 100,000 shares, and not more than 30 million shares.

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