On the evening of October 26, ant group announced that the issuing price of the company's shares listed in Hong Kong was set at HK $80.00 and that of a shares was set at 68.8 yuan per share. This means that the total market value of ants will reach 2.1 trillion yuan.
What is the concept of 2.1 trillion yuan?
Maotai, which has the highest market value of a shares, has a total market value of 2.04 trillion yuan. In other words, the market value of ants may exceed that of Maotai.
Not only in a shares outstanding performance, ants in the global capital market is also worth mentioning.
Is the price of ants high?
Compared with the same type of new economy companies, it is not high
Before the IPO announcement, ant's valuation had been bullish. After the announcement of IPO news, ant's valuation is more and more sesame flowering.
Now, is this pricing and valuation in line with market expectations, is it high?
According to the estimated value of about 2.5-3 trillion yuan predicted by many investment banks, the discount range of ant's total market value of 2.1 trillion yuan is between 20% and 30%, which is not high compared with the forecast.
Compared with the science and technology innovation board company, look at the same type of new economy companies.
Compared with PayPal PayPal, meituan and other new economy companies, ant's pricing is not high.
In fact, from the hot subscription situation can also see some clues.
Experts believe that, generally speaking, excessive valuation and pricing means that the company has been recognized by the market, but it will also bring greater constraints on the future stock price upward.
Therefore, whether the pricing and valuation is reasonable, the scenery should be long-term.
What will it bring to a shares?
Enhance pricing power and bring stable capital
Ant listing, in addition to bringing investors money opportunities, A-share market also benefits.
The first is pricing power.
A senior investment banker explained that the IPO of ant completed the pricing in China, while the international pricing followed the domestic price. After the international price was determined, international top investment institutions investors rushed to buy.
The symbolic significance of this event is: domestic pricing affects the international capital market for the first time!
The second is capital.
Ant IPO has brought stable and long-term capital inflow to a shares.
According to reports, six of the world's top sovereign funds participated in the strategic placement of ant A shares. This means that most of the world's best long-term funds borrow ant IPO to heavily position a shares.
Xiao Ruijin, fund manager of Boshi consumer innovation fund, said that the bull market of US stocks for ten years is mainly driven by these high growth technology companies. Driven by heavyweight financial technology companies, more technology companies will land on the science and technology innovation board, and a shares are expected to usher in a slow bull market.
Mei Xinyu, a researcher at the Institute of international trade and economic cooperation of the Ministry of Commerce, believes that three or five years ago, China's excellent Internet companies could only go to the U.S. or Hong Kong stocks to go public. Now, ants, such as technology giants, are listed in a shares, which is also a sign of the gradual maturity of the national economy and a shares.
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