On the evening of December 23, China Mobile disclosed the results of the strategic placement of A-share IPO on the Shanghai Stock Exchange, and the total number of shares allocated by 19 strategic investors was 422 million shares, accounting for about 49.90% of the total issuance of Green Shoe Front Company, and the total subscription amount was as high as 24.3 billion yuan.
Specifically, in this strategic placement, national investment platforms such as the Social Security Fund, the National Adjustment Fund, the National New Investment, the Integrated Circuit Fund, the China-Africa Development Fund, and the Chinese Investment Fund have been allocated a total of 141 million shares, accounting for 33.33%. The State Grid, the State Energy Group, China Electricity, China FAW, SDIC, China Energy Construction and many other powerful and influential large central enterprises have been allocated a total of 137 million shares, accounting for 32.51%. Chinese Life, Chinese Insurance, Taiping Life, China Post Life and other large insurance institutions, a total of 113 million shares were allocated, accounting for 26.75%. In addition, China Mobile's A-share offering has also been involved by enterprises such as JD.com, Chia Tai Group, Brunei Investment Bureau and international sovereign funds.
It is worth noting that after the callback, the winning rate of this online offering is 0.12411863% (including the over-allotment part), and the effective subscription multiple is 805.68 times (including the over-allotment part), which is the highest subscription multiple for more than 10 billion non-financial enterprise IPO projects in the history of the A-share main board.
Earlier, late on the night of December 20, China Mobile disclosed its IPO issue price of 57.58 yuan per share, which calculated that the scale of funds raised would reach 56 billion yuan. The move surpassed China Telecom's (601728) financing scale of 47.904 billion yuan, making it the largest IPO size for A-shares since the Agricultural Bank of China (601288) IPO in June 2010.
According to the prospectus, the funds raised by China Mobile will be used for 5G boutique network construction projects, cloud resources new infrastructure construction projects, Gigabit Zhijia construction projects, smart middle office construction projects, new generation information technology research and development and digital intelligence ecological construction projects.
According to the data provided by China Mobile, as of the first half of this year, the asset scale of China Mobile exceeded 1.7 trillion yuan, the total number of base stations reached 5.28 million, covering more than 99.5% of the country's population, 4G base stations accounted for about 30% of the world, 5G base stations accounted for about 35% of the world; serving 950 million mobile users, more than 200 million home users, more than 15 million government and enterprise users, with 980 million Intelligent Connections of the Internet of Things, the total connection scale is the world's first.
As of the close of trading on December 23, China Mobile reported HK$46.6 per share, with a total market capitalization of HK$954.2 billion.
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