Nongfu Shanquan Has Oversubscribed 286 Times In Two Days

 Nongfu Shanquan Has Oversubscribed 286 Times In Two Days

On August 25, Nongfu Shanquan, the leader of "packaged drinking water", officially opened its offering on the Hong Kong stock exchange. It plans to issue more than 388 million H shares worldwide, with a price range of HK $19.50 to HK $21.50 per share, and the raised funds from HK $7.57 billion to HK $8.35 billion. The deadline for offering shares is noon on the 28th.To get more news about Nongfushanquan, you can visit en.nongfuspring official website.

On the first day of subscription, nongnongfu Shanquan once "crowded" a number of securities companies' servers, recording more than 144 billion yuan of margin trading (securities companies' financing amount), equivalent to more than 247 times the over subscription of the public offering part, setting a record of new stock lending margin on the first day.

As of August 26, the margin trading of Nongfu spring has reached HK $167.674 billion, with a temporary over subscription of 286 times.In addition, the young consumers such as Yilu water and Coca Cola have sprung up, which are worth mentioning.

In this case, whether Nongfu Shanquan's high gross profit can be sustained and whether the high P / E ratio of more than 40 times can withstand the test of the secondary market has become an interesting topic under the hot market.In addition, as of HK $20.6 billion, the total amount raised by Citigroup securities was HK $20.6 billion, and the latest financing amount of HK $20.6 billion was raised by CITIC Securities, and the latest financing amount of HK $20.6 billion was raised by CITIC Securities. Another HK $7 billion has been raised by King's securities, and HK $6 billion and HK $4.649 billion respectively by Shifu finance and Livermore.

The total share capital of Nongfu mountain spring is 11.188 billion shares. According to the issue price, the market value has reached 240.5 billion Hong Kong dollars, about 215 billion yuan. According to the net profit of 4.954 billion yuan in 2019, the PE multiple of Nongfu mountain spring is 43 times.On August 26, Xu Yibin, executive director and chief executive of yaocai securities, pointed out in an interview with the 21st century economic news reporter that "since there were not many new shares listed this month, the last one was tiger Pharmaceutical (03347. HK), and there were no other shares to be offered together or later, there was no stock offering with its collision period. Therefore, Nongfu Shanquan's response to the IPO was enthusiastic, driving a large number of investors who had previously subscribed for new shares Investors who have joined the subscription are flocking to it, and they are making bigger bets.

In addition, a person from a listed company on a + H platform told the 21st century economic report that "the IPO application of Hong Kong stock mainly depends on the company's recognition and the issuing price of new shares. Nongfu Shanquan's recognition in the field of consumer goods is relatively wide. In addition, the cornerstone investors of new share subscription are also an observation dimension. If there are well-known institutional platforms, they will be more popular with investors".