The first underwriter of A shares and A shares. There are six H-share underwriters of ABC, namely CICC, Goldman Sachs, Morgan Stanley, Deutsche Bank, JPMorgan Chase and Macquarie. There are four A-share underwriters, namely CICC, CITIC, Galaxy Securities and Guotai Junan. UBS and China Merchants Securities are financial advisers of H shares and A shares respectively.
* * * At the beginning of April, 2/kloc-0 Chinese and foreign investment banks received the "Hero Post" from ABC, and participated in the underwriting draft of H shares and A shares of ABC on April 7 and 8, respectively. On the evening of April 14, ABC informed the investment banks of the final selection results.
Before the Spring Festival this year, after a number of state-owned listed banks launched refinancing plans with a scale of more than 250 billion yuan, the Agricultural Bank of China also put forward the goal of completing the IPO in 20 10, which was recognized by the decision makers. Prior to this, the financial restructuring of ABC has been completed. Huijin and the Ministry of Finance each hold 50% of the shares, and more than 800 billion non-performing assets have been set up with the Ministry of Finance, which will be solved with future equity, dividends and other income, and the balance sheet is relatively clean. According to the requirements of major shareholders, Agricultural Bank of China is promoting the strategy of serving agriculture, countryside and farmers, but at present its main assets and profits are still concentrated in cities, which is similar to the profit model of other three large state-owned banks that have successfully listed.
Pan, deputy governor of China Agricultural Bank, who is in charge of the share reform and listing of Agricultural Bank of China, said that China and the best investment banks in the world will be selected to jointly promote the listing of Agricultural Bank of China. Pan was a director of Industrial and Commercial Bank of China and participated in the whole process of share reform and listing of the largest bank in China. He said that the main criteria of ABC's IPO draft will refer to the comprehensive strength of investment banks and past project experience. At present, the final financing scale of ABC has not yet been finalized, but it will not be less than 30 billion US dollars.
This means that the listing of ABC may set a new record for the current global IPO scale. In March 2008, VISA went public, raising $654.38+09.7 billion, making it the largest IPO project in the world. ICBC, which went public on June 5438+ 10 in 2006, issued A shares and H shares totaling 19 1 000 million US dollars, which also refreshed the scale of initial public offering in the world at that time and became a landmark event in China's capital market.
According to people close to the transaction, if there are no accidents, it is expected that ABC will complete the IPO before September this year.