? ?
BIZCHINA / News
Bank of Nanjing sets IPO price range
(XFN-Asia)
Updated: 2007-07-12 09:31
Bank of Nanjing, in which BNP Paribas holds a 19.2 percent stake, said it
has set the price range for its initial public offering (IPO) in Shanghai
at 9.8-11 yuan (US$1.29-1.45) per share.
?
That translates to a price-to-earnings ratio of between 30.69 and 34.45
times the company's diluted earnings for 2006, the company said in a
statement filed with the Shanghai Stock Exchange.
The bank, in which the IFC also holds a 5 percent stake, said it plans to
issue 630 million A-shares, representing 34.3 percent of its enlarged
share capital. The issue volume was down from previous plans of up to 700
million shares.
Up to 189 million A-shares, or 30 percent, will be sold to institutional
investors, and the remainder to retail buyers.
China CITIC Securities will be the main underwriter for the float.
?
(For more biz stories, please visit Industry Updates)
Chinese School
No comments:
Post a Comment