Original Title: China Mobile’s A-share IPO Results Announced, Strategic Investors Are Strong
[TechWeb]News on December 26. A few days ago, China Mobile disclosed the results of its A-share IPO strategic allotment on the Shanghai Stock Exchange. 19 strategic investors received a total of 422 million shares, accounting for approximately the total issuance of the former Greenshoe company. 49.90% of the total subscription amount is as high as 24.3 billion yuan.
China Mobile’s strategic placement has been sought after by various investors such as national investment platforms, large central enterprises, well-known insurance institutions, Internet companies, large multinational corporations and overseas sovereign wealth funds.
In this strategic allotment, a total of 141 million shares were allocated to national investment platforms such as the Social Security Fund, the State-owned Assets Supervision and Administration Fund, the Guoxin Investment, the Integrated Circuit Fund, the China-Africa Development Fund, and the Chinese Investment Fund, accounting for 33.33%.
State Grid, National Energy Corporation, China Electric Power, China FAW, SDIC, China Energy Construction and many other powerful and influential large-scale central enterprises have received a total of 137 million shares, accounting for 32.51%.
Large insurance institutions such as China Life, PICC, Taiping Life, and China Post Life have received a total of 113 million shares, accounting for 26.75%.
In addition, China Mobile’s A-share issuance has also been actively participated by well-known domestic and foreign companies such as JD.com, Zhengda Group, Brunei Investment Bureau, and international sovereign funds. Synergy.
While China Mobile’s A-share listing has introduced many high-quality strategic investors at home and abroad, it has also been enthusiastically sought after by investors. After the reversal, the online subscription multiple has reached 805.68 times, which is the largest non-financial corporate IPO project in the history of the A-share main board with more than 10 billion. The highest subscription multiples, these all reflect the capital market’s high recognition of the value of China Mobile’s investment.
Relevant data shows that as of the first half of this year, China Mobile’s assets exceeded 1.7 trillion yuan, with a total of 5.28 million base stations, covering more than 99.5% of the country’s population. 4G base stations accounted for about 30% of the world, and 5G base stations accounted for about 35% of the world; services 950 million mobile users, more than 200 million home users, more than 15 million government and enterprise users, with 980 million IoT intelligent connections, the world‘s largest total connection scale; consecutive years of net profit exceeding 100 billion yuan, net profit margin, and return on total assets. Ranked first among the world‘s leading telecom operators.
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