Core Viewpoint - Shanghai Yousheng Aluminum Industry Co., Ltd. has received approval for its initial public offering (IPO) of RMB ordinary shares (A-shares) and will be listed on the main board of the Shanghai Stock Exchange [1] Group 1: IPO Details - The total number of shares to be issued is 48,267,111 shares, all of which are new shares for public offering [1] - The IPO will be conducted through a combination of strategic placement, offline inquiry, and online issuance [1][2] - The issuance price has been set at RMB 46.36 per share, which corresponds to a price-to-earnings (P/E) ratio of 16.57 times based on the 2024 earnings before non-recurring gains and losses [4][5] Group 2: Pricing and Valuation - The determined issuance price is lower than the median and weighted average of the remaining quotes after excluding the highest bids from offline investors [5] - The average static P/E ratio for the automotive manufacturing industry, to which the company belongs, is 29.08 times as of September 9, 2025 [5][6] - The expected total fundraising amount is RMB 223,766,330, which is below the company's stated fundraising requirement of RMB 247,085,450 [7][8] Group 3: Subscription and Allocation - The offline subscription period is from 9:30 AM to 3:00 PM, while the online subscription period is from 9:30 AM to 11:30 AM and 1:00 PM to 3:00 PM on September 12, 2025 [4] - Investors participating in the offline subscription must commit to a lock-up period of 6 months for 10% of their allocated shares, while 90% will be tradable immediately upon listing [8][9] - The number of effective bids from offline investors reached 470, with a total proposed subscription amount of 76,012,900,000 shares, indicating a subscription multiple of 3,280.85 times the initial offline issuance scale [6][8]
上海友升铝业股份有限公司首次公开发行股票并在主板上市投资风险特别公告
Zheng Quan Shi Bao·2025-09-10 18:11