BEIJING, Feb. 11 -- China's Huatai Securities Co.
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In a statement to Shanghai Stock Exchange, the east China's Nanjing-based brokerage said effective subscription reached 3,804.396 million shares with 187,453 effective subscription households.
The final circulation online hit 549.193 million shares, accounting for about 70 percent of the total circulation
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Second to the China First Heavy Industries, which breaks the routine of issuing at upper limit, the issue price of Huatai stood at 20 yuan (2.93 U.S. dollars) per share, its lower limit, instead of the upper limit of 22 yuan or in the middle, according to the statement.
Huatai reported its price to earnings ratio (P/E ratio) to be 29.41 via the statement.
The final circulation offline, which ended Tuesday, is about 235.368 million shares. And the ratio for offline subscription is 23.82 percent, with over 15.1 billion yuan frozen.
Huatai expected to raise about 17.26 billion yuan at the IPO, and the money would be used to increase working capital and to expand financial derivative services
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The brokerage
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