Up 0.52% on the first day of return
China Mobile's market value ranks 6th in A-shares
On January 5, China Mobile officially landed on the Shanghai Stock Exchange and opened trading.
The opening price was 63 yuan, an increase of 9.41% from the issue price of 57.58 yuan; the closing price was 57.88 yuan, an increase of 0.52%.
The market value is about 1.23 trillion yuan.
A reporter from Beijing Youth Daily noted that the stock price dropped to 57.75 yuan, the lowest price of the day, before the closing price, which was less than 2 cents from its issue price.
According to its market value calculation, China Mobile ranks sixth in A-shares, a difference of 3 billion yuan from China Merchants Bank, which is the fifth.
According to China Mobile’s prospectus, if the “green shoes” are used in full, China Mobile’s A-share fundraising will reach 56 billion yuan, making it the largest A-share IPO in the past 10 years.
China Mobile said that the funds raised this time will invest in 5G boutique network construction, cloud resource new infrastructure construction projects, gigabit smart home construction projects, smart middle-station construction projects, new generation information technology research and development and digital intelligence ecological construction projects.
According to the prospectus, as of the end of June 2021, China Mobile had 946 million mobile customers, with a domestic market share of 58.42%, wired broadband customers at 226 million, and a domestic market share of 47.01%; operating income, net profit and customers The scale ranks first in China.
As of the end of June 2021, the number of 5G package customers has reached 251 million, ranking first in the world in terms of scale.
China Mobile announced on the 4th that it intends to repurchase no more than 2047548,289 Hong Kong shares, which is equivalent to no more than 10% of the total number of Hong Kong shares issued by the company on the day of the 2021 AGM, and the repurchased shares will be cancelled.
Since the release of the new IPO inquiry rules, A-shares are no longer “stable profit without losing”. The stock price trend of China Mobile after returning to A has attracted much attention from the market.
Whether it can break on the first day of IPO has become a highlight of the market.
Shen Wanhongyuan believes that considering that China Mobile's expected issuance of PE based on the net amount of funds raised in the application draft is about 12 times, which is 40% lower than China Telecom's initial PE, and China Mobile ranks first among the three major operators, it is expected to post-IPO breakage risk Smaller than China Telecom.
On the evening of December 27 last year, China Mobile disclosed the issuance results, showing that the company was abandoned by online investors for 743 million yuan.
In addition to being abandoned by online investors, China Mobile was also abandoned by offline investors with an amount of 12.7049 million yuan, for a total of 756 million yuan.
Text/Reporter Liu Shenliang