Through courier in the United States on the first day of listing below the issue price closed down more than 15% U.S. stock market center: exclusive national industry sector stocks, premarket after hours, ETF, real-time quotes Sina warrants Stocks – 28 am Beijing time 04:00, through courier in the United States listed on the first day that fell below the issue price, closing at $16.57, compared with the pricing of $19.50 fell 15.02%. The United States in the United States to raise funds of about $1 billion 400 million, is the largest so far this year, the United States market, a IPO, but also marks the return of stocks in the tide after returning to the world’s largest capital market. This is also the electricity supplier giant Alibaba 2014 IPO $25 billion since the largest listed stocks. Access to the United States in the United States to expand access to funds to expand faster, is expected to help the company to seize the initiative in the world’s largest express market. IPO said that $720 million of the proceeds would be used to buy more trucks, land, facilities and equipment. The issue of 72 million 100 thousand shares, the issue price per share of $19.50, higher than the previous guidance range of $16.50-18.50. In the United States through the United States market issued ADS (American Depositary Shares) and the conversion of a class a common stock is 1:1. According to people familiar with the situation in the financial situation, said the issue price of $19.50 is expected in 2017 earnings per share (EPS) of about 27 times, that is, the dynamic price earnings ratio of about $27. According to estimates Haitong Securities, SF, Shen Tong, tact, rhyme is the price of 43-106 times earnings per share. For investors, the U.S. market for China’s express stock valuation is much cheaper. In contrast, American Express giant United Parcel Service (UPS) and FedEx’s current share price is about 17.8, 13.4 times 2017 expected earnings per share, while the two companies grow faster than in the much slower. Morgan Stanley and Goldman Sachs as lead underwriter of IPO. Through courier in China domestic competitors: SF, tact, Shen Tong rhyme was published in Shanghai or Shenzhen listing plan, but China to be approved listed companies up to 800 or so, and the listing rules are constantly changing, so in the United States is regarded as a faster and more reliable way of financing, financial is a rising trend of the dollar, but also to attract global investors most widely. Editor: handsome can Cong相关的主题文章: