The famous economist Song Qinghui pointed out in an interview with the Legal Evening News reporter that more and more unicorns are listed on A shares , which means that my country's securities market is becoming increasingly open and mature. "In the future, as unicorns list on A-shares increase, their valuation premium will inevitably gradually disappear, and their valuation will gradually move closer to mature markets."
First day of listing Foxconn jumped to the first place in technology stocks market value
Legal Evening News • Kanfa News (Reporter Zhang Rui and Wang Lingling) At 9:30 this morning, A-shares ushered in the "unicorn" with the largest market value in history - Foxconn (Foxconn), officially listed on the Shanghai Stock Exchange. After the opening, its stock price rose to the highest limit on the first day. According to the current stock price of 19.83 yuan, Foxconn surpassed Hikvision with a market value of 390.6 billion, becoming the technology company with the highest market value of A-shares.
The famous economist Song Qinghui pointed out in an interview with the Legal Evening News reporter that more and more unicorns listed on the A-share market means that my country's securities market is becoming increasingly open and mature. "In the future, as unicorns list on A-shares increase, their valuation premium will inevitably gradually disappear, and their valuation will gradually move closer to mature markets."
Opening Performance: 2.1 million buy orders blocked the daily limit
0 Industrial Furious Network, which was listed on the first day of the first day, was simply called "NFU Lian", with the opening price today at 16.52 yuan, but this price did not last long. Then, the increase of "NFU Lian" reached the highest limit on the first day of listing - 44%, which caused a temporary suspension of intraday trading due to abnormal trading fluctuations. When
was suspended, the share price of "NFL" was 19.83 yuan, up 6.06 yuan. At 10 o'clock, "NFU Lian" resumed trading. At this time, "NFU Lian" paid more than 2.1 million lots.
It is worth noting that if calculated based on the issue price of 13.77 yuan, the market value of Industrial FULL has reached 271.2 billion yuan. With the upper limit of 44% on the first day of listing, Industrial FULL's share price is 19.83 yuan, and its corresponding market value will reach 390.6 billion yuan, exceeding Hikvision's total market value of 367.3 billion yuan (estimated based on the stock price on June 7), becoming the technology company with the highest market value of A-shares.
Previously, the first "unicorn" WuXi AppTec became the most profitable new stock in A-shares with 16 consecutive daily limits. The winning investors can earn more than 100,000 yuan per sign. If Foxconn's daily limit increases exceeds WuXi AppTec after its listing, and the floating profit of the investor account that won the first sign at this time will be close to 70,000 yuan.
Incentive Measures Timely Launched Employee Stock Ownership Plan
June 6, two days before its listing, Foxconn disclosed its first quarter report for 2018. Data shows that the company achieved revenue of 77.695 billion yuan in the first quarter of this year, an increase of 19.78% year-on-year, and achieved net profit attributable to parent company shareholders of 2.653 billion yuan, an increase of 4.53% year-on-year. The company achieved a non-net profit of RMB 2.63 billion in the first quarter, an increase of only 1.05% over the same period last year.
According to media reports, before this official listing, Foxconn held the "30s to build a smart future" forum on the integration development of the real economy and digital economy in Shenzhen. At the forum, President , Guo Taiming said that one reason Foxconn chose to list on the A-share market is that it is difficult for mainland employees to obtain Taiwanese stocks. "After listing, FURI will launch an employee stock ownership incentive plan to inspire talents, and may also consider the partnership system in the future."
Future direction: Be the leader in artificial intelligence and big data
According to previous news, FURI's financing scale before listing was as high as 27.1 billion. This figure not only set the record for the largest IPO financing amount of the Shanghai Stock Exchange since 2015, but also made FURI the largest non-state-owned enterprise in the history of A-shares.
For the amount of up to 27.1 billion yuan raised, the previous Foxconn prospectus explained, intending to focus on eight parts: the construction of industrial Internet platforms, cloud computing and high-efficiency computing platforms, efficient computing data centers, communication networks and cloud service equipment, 5G and Internet of Things interconnection solutions, research and development and application of new intelligent manufacturing technologies, intelligent manufacturing industry upgrades, and intelligent manufacturing capacity expansion.
However, according to the detailed planning and the ranking in the prospectus, the focus is still on the top three projects, including industrial Internet platform construction, cloud computing and high-efficiency computing platforms and efficient computing data centers.
In the above forum, Terry Gou also further explained this. According to Terry Gou, Foxconn will build an industrial Internet ecosystem in the future, and the integration of the real economy and the digital economy is also what Foxconn will focus on in the next step.
Guo Taiming also said that Foxconn should move from the previous traditional real economy manufacturing to technological manufacturing, and now it needs to use artificial intelligence to empower. "Foxconn is fully promoting intelligent manufacturing and strives to serve as the leader in promoting the Internet, big data and artificial intelligence in China's advanced real economy."
policy is released CDR rules are released. Competent enterprises can apply for
0 late the day before yesterday, the China Securities Regulatory Commission officially issued the "Regulations on the Issuance and Transaction of Depositary Receipts (Trial)" and also issued another 8 supporting rules. This means that eligible innovative enterprises can begin to apply for pilot domestic issuance and listing.
The "Management Measures" clarify the legal application and basic regulatory principles of depositary receipts, and make specific arrangements for the issuance, listing, trading, information disclosure systems of depositary receipts. In order to prevent risks and protect the legitimate rights and interests of investors, the China Securities Regulatory Commission has set strict pilot enterprise selection standards and selection mechanisms.
It should be emphasized that the CSRC will strictly grasp the number of pilot entrepreneurs and the number of fundraising, and reasonably arrange the issuance timing and issuance rhythm. At the same time, the issuer and its lead underwriters are required to scientifically design the issuance plan based on the respective situation of the company, establish a reasonable and effective incentive and constraint mechanism for institutional investors to participate in inquiry, and promote professional institutional investors to actively participate and prudently quote.
"The latest CDR issuance and trading management measures mean that it will take another step forward before the official implementation of CDR." The famous economist Song Qinghui said that it is not difficult to find out from this that the trading rules of CDR are basically the same as those of A-shares, and there is no separate sector, which allows investors to adapt to their trading as soon as possible, which is conducive to market stability.
In the "Management Measures for the Initial Public Offering and Listing of Stocks" and "Management Measures for the Initial Public Offering and Listing of Stocks on the GEM", there are new requirements for the qualification of sponsor , "the qualification of the sponsor who loses money in the year of the initial public offering will be revoked."
"This clause means that the sponsor cannot excuse himself from his responsibility, and must be responsible for the widely criticized listed companies that have "realized performance in the year of listing". In this case, sponsors should be diligent and responsible, urge enterprises to manage their performance well, and stabilize investors' expectations." Song Qinghui said.
has submitted a CDR application? Xiaomi: Not to comment
It is reported that the Shanghai Stock Exchange has launched a test on CDR in an all-weather environment since this week, and the test will last until June 15 this year.
So who will become the first pilot enterprises? According to the "2017 China Unicorn Enterprise Development Report" released by the Torch Center of the Ministry of Science and Technology, as of the end of 2017, among the innovative companies that have not yet been listed, there were 14 companies with a valuation of 20 billion, namely Ant Financial, Didi Chuxing, Xiaomi, Alibaba Cloud , Meituan Dianping, CATL, Toutiao, Cainiao Network, Lufax, Jidaibao , WeBank, Ping An Medical Insurance Technology, Financial One Account, and JD Finance. More than half of these companies have reached the standard line of super unicorns (valued over $10 billion).
According to the market value statistics of companies currently listed overseas, there are currently five companies that meet the issuance standards of CDR, namely Alibaba, Tencent , Baidu , JD.com, and Netease , with a total market value of approximately RMB 7.1 trillion. Last night, there was news that Xiaomi had passed the Hong Kong Stock Exchange hearing and officially submitted a CDR application to the China Securities Regulatory Commission, which means that Xiaomi's "H shares + CDR" process has accelerated and it is very likely to become the first CDR company.
Regarding the submission of CDR application, Xiaomi officially responded that it would "not comment." Original title: On the first day of listing, Foxconn jumped to the top of the market value of technology stocks
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-