[21.7 billion yuan! A share's largest IPO in three years - A-share super unicorn Foxconn finalized the total amount of funding! The highly anticipated A-share super unicorn, Foxconn, finalized the total fund-raising amount of 27.1 billion yuan. The largest IPO of A-shares in three years finally surfaced. Don't miss the online subscription (new) on May 24th (Thursday)!

In the middle of the night of May 22, the highly anticipated Foxconn Industrial Internet Co., Ltd. (hereinafter referred to as "Foxconn") issued a prospectus, issued approximately 1.97 billion shares at a price of 13.77 yuan per share, and raised a total amount of approximately 27.1 billion yuan. In recent years, A shares IPO record.

Super IPO scale, super unicorn concept, industrial Internet giant warships... What are the highlights of Foxconn’s IPO release? Let's take a look with Xiao Bian!

Before Foxconn “plays new”, there are five things to watch:

1. Foxconn plans to raise the total amount of funds raised to 27.1 billion yuan, setting a record for the issuance of new shares since the last three years.

2. The strategic allotment issued "lock stocks" under the line of cooperation to reduce the impact of large-scale financing on the market.

3, only need a daily limit board, you can rank among the first A-share technology stock market value.

4. On May 24th, investors can participate in online subscriptions and “play new”. If there are 7 daily limit boards, the revenue per contract can be broken by 20,000 yuan.

5. Apart from Foxconn, there are more than a dozen Foxconn concept stocks whose A shares are worthy of attention.

Aspect 1: The total fund-raising amount of RMB 27.1 billion is the highest in three years

After preliminary enquiries on May 17 and May 18, Foxconn's issue price finally unveiled on the middle of the night on May 22. Investors participating in online purchases can make purchases on May 24th.

Foxconn issued approximately 1.97 billion shares of IPO shares at a price of 13.77 yuan per share. Based on this calculation, the Foxconn fund-raising amounted to approximately RMB 27.1 billion. Excluding this issuance fee, the net proceeds raised were 26.7 billion yuan.

From the perspective of the historical IPO offering of A-shares, Foxconn’s IPO fundraising will rank 12th and become the largest IPO in the past three years. It is noteworthy that prior to Foxconn, both the Wuxi and Wuning eras of the Unicorn enterprises had experienced various degrees of “shrinkage” during the IPO fundraising process. The final proposed amount of Foxconn is basically the same as the total amount of investment projects previously listed in the IPO report.

List of 15 A-share historical IPO fund-raising

Aspect 2: The market value of the initial public offering is about 10 billion yuan

Foxconn's new share issuance adopts a combination of strategic allotment, offline distribution, and online issuance. Without taking into account the triggering of the callback mechanism, the initial strategic placement shares account for 30% of the total number of new issuances and online issuance of new shares. The ratio is 7:3. Except for the newly issued shares on the Internet, there are no restricted sales periods, and all strategic allotment shares and 70% of shares issued under the Internet are restricted shares.

In terms of historical IPO cases, when issuing large-cap stocks, especially super-large-cap stocks, strategic placement is a routine design, and the 30% ratio is not abrupt. However, the non-locked shares issued under the offline issuance part of the company is directly proportional to the non-locking part and the locked part. This design is the first case since the adoption of the inquiry system in the IPO market in China.

Judging from the preliminary strategic placements and the offline locking mechanism, it is expected that the number of locked shares will account for approximately 64%, that is, the ratio of circulation to initial listing will be around 36%. If you simply calculate the amount of capital raised by 27.1 billion yuan, the market value of the initial public offering will be about 10 billion yuan.

According to industry insiders, the scale of Foxconn’s initial circulation has been effectively controlled after the “strategic allocation + large-scale lock-out”, which will effectively reduce the number of large-scale initial public offerings to the secondary market while ensuring that sufficient funds are available. Impact.

Aspect 3: Only 1 daily limit is needed to become the first A-share technology company

At present, in the A-share market, the highest market value of technology stocks is Hikvision, and the current market value is about 380 billion yuan. However, with the landing of "Industrial Internet giant" Foxconn, the position of a tech stock will be replaced by Foxconn.

According to the release scale announced by Foxconn's prospectus, the initial market value of Foxconn is approximately 271 billion yuan. As long as a 44% daily limit is obtained on the first day, the market value will be enough to exceed Hikvision and become the No. 1 A-share technology. share.

If we refer to Hikvision's current price-earnings ratio of 39 times, if Foxconn's post-listed price-earnings ratio is the same, its total market value may exceed 600 billion yuan.

Aspect 4: Significant gains from each one

According to the purchase price of Foxconn, without considering the triggering of the callback mechanism, participating in new investors can top up the purchase of one thousandth of the initial online issuance of new shares, and an integer multiple of 1,000 shares, or 413,000 shares. In the first 20 trading days, the new players must have a total market capitalization of 4.13 million yuan.

For ordinary investors who do not have as many stocks in their hands, there is no need to be frustrated. According to the current issue price of Foxconn, even if only the first one is signed, the return is considerable and worth looking forward to.

The Foxconn announced the issue price of 13.77 yuan per share, if according to the regular seven-day daily limit calculated in accordance with the past year, each one signed, the proceeds of more than 20,000 yuan;

If according to the current WuXi Pharmac's 11 daily limit board calculations, each one has a return of 37,700 yuan;

If according to last year's 3,60018 daily limit of over-optimistic expectations, the income per contract can exceed 86,500 yuan.

Aspect V: These Foxconn concept stocks are also worth watching

As the "industrial Internet giant", there are many companies involved in Foxconn's industrial chain. There are also Foxconn concept leaders in A shares. For investors, if the "new" bad luck, the Foxconn concept stocks may be concerned about the gains.

According to statistics of Huatai Securities, if the company has a smooth IPO, upstream companies are expected to benefit. The concept stocks include Ancai Hi-tech, Jing-Quan Hua, Guang Yun Da, Fen Da Technology, Yuhuan CNC, Shenghong Technology, Jituo, Xinya Process, Huadong Technology, Water Resources, Guangxin Materials, Jinlong Mechatronics Electromechanical, Powerway alloys, Tony Electronics, East Sunshine Division, Sunlord Electronics, and Yunhai Metals. Except for Ancai High-tech, Foxconn’s shareholding companies, all other companies are suppliers or service providers.

A shares of some Foxconn concept stocks

[New guess]

Foxconn can harvest a few daily limit?

After reading the above five major points, I believe that many young partners are already impatient to prepare for a new one. But first, don't be too busy. Before you hit a new one, let's start with bold speculation. Can Foxconn harvest a few daily limit?

"Advanced Manufacturing + Unicorn + Super Large Market Cap" is a big suspense for Foxconn, with multiple daily bonuses.

From February to March this year, the market successively saw the listing of three new stocks, namely, Yangyuan Beverage, Jinchuang Group and Huabao, which only had a “single board” after the listing. At that time, many investors referred to such new stocks as "False new shares." As of the close of May 21, one of the three new shares had already broken.

In fact, in recent years, with the advancing of the normalization of IPO, the number of coupons after IPO listing has begun to decrease. According to statistics, the average number of new shares listed in 2015 was about 12; in 2016, this figure was about 13; by 2017, this figure had dropped to 9.4.

According to statistics, the average number of new shares listed on the market from January to February this year has dropped further to about 6 after the listing. By early March, this figure has fallen to the bottom, with 5 new shares listed during the listing period. The average number of boards is only 3.2.

However, with the slowdown in the pace of listing of new shares, the number of new shares has bottomed out. The recent market recovery, the number of new shares listed on the stock market has increased.

Take Wu Ming, the first unicorn company listed this year, as an example. Currently, WuXi PharmaTech has harvested 11 daily limit, and it has not yet opened. In addition, Foxconn is still full of suspense and anticipation as the super unicorn scarcity, whether the market can give a higher premium.

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