Xiamen Bank is the first A-share bank to conduct an IPO this year. Recently, Xiamen Bank released the preliminary inquiry results of its public offering of stocks, confirming that the issuance price is 6.71 yuan/share. How long will it take for Xiamen Bank to go public? What?

So how long will it take for Xiamen Bank to go public?

The specific time for Xiamen Bank to go public has not been announced, but the subscription date has been released. The details are as follows:

IPO prospectus Announcement (2020-09-08) Inquiry (2020-09-10) Online Roadshow (2020-10-12) Issuance Announcement (2020-10-12) Subscription (2020-10-13) Announcement of Winning Rate (2020-10 -14) The winning number (2020-10-15) and the payment date (2020-10-15) are released (the specific time has not been announced yet).

The fundamental information of Xiamen Bank is as follows:

Xiamen Bank was established in 1996. Its predecessors were Xiamen City Cooperative Bank and Xiamen Commercial Bank. It has a registered capital of 2.375 billion yuan. The prospectus shows that as of the end of June this year, Xiamen Bank’s operating income reached 2.711 billion yuan, total assets were 265.9 billion yuan, and net profit was 968 million yuan. The non-performing loan ratio is 1.12; the capital adequacy ratio is 14.93, the first-tier capital adequacy ratio is 11.02, and the core first-tier capital adequacy ratio is 11.01.

In terms of performance, as of the end of June 2020, the end of 2019, the end of 2018 and the end of 2017, the total assets of Xiamen Bank were 265.906 billion yuan, 246.868 billion yuan, 232.414 billion yuan and 2. , 12.807 billion yuan. From 2017 to 2019, the compound growth rate of the bank's asset scale was 7.71, achieving a steady increase in scale. From January to June 2020, 2019, 2018 and 2017, the bank's operating income was 2.711 billion yuan, 4.509 billion yuan, 4.186 billion yuan and 3.686 billion yuan respectively, and the net profit was 968 million yuan and 1.736 billion yuan respectively. , 1.415 billion yuan and 1.223 billion yuan; the compound growth rates of the bank's operating income and net profit from 2017 to 2019 were 1.061 and 19.16 respectively, showing sustained and stable growth.

As a bank stock, there is basically little difference in business within the industry. If the subscription is successful, investors can refer to valuation indicators such as industry price-to-book ratio to find a suitable selling price.