The online subscription multiple reached 3,696.31 times, while the allotment rate was just 0.0271%
In the evening of October 16, Tongbi Finance compiled announcements from the Beijing Stock Exchange, including Yuanda Jianke’s disclosure of its IPO offering results. The chance of winning an allocation was so slim it was practically like playing the lottery: tens of thousands of investors piled in with funds to subscribe, only to end up with barely a scrap
Meanwhile, Tianyuan Heavy Industry also issued its offering announcement, setting October 20 as the subscription date, with a price of 4.48 yuan per share and a price-to-earnings ratio of 14.93 times. Compared with the industry average P/E of 40 to 50 times, this pricing offers a pretty steep discount. We’ll see next week whether investors are buying it
$GMX
In the evening of October 16, Tongbi Finance compiled announcements from the Beijing Stock Exchange, including Yuanda Jianke’s disclosure of its IPO offering results. The chance of winning an allocation was so slim it was practically like playing the lottery: tens of thousands of investors piled in with funds to subscribe, only to end up with barely a scrap
Meanwhile, Tianyuan Heavy Industry also issued its offering announcement, setting October 20 as the subscription date, with a price of 4.48 yuan per share and a price-to-earnings ratio of 14.93 times. Compared with the industry average P/E of 40 to 50 times, this pricing offers a pretty steep discount. We’ll see next week whether investors are buying it
$GMX