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XTEP Shares Responded Well To Shoe Companies

2008/5/29 16:31:00 5

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In recent days, Hong Kong stocks have been volatile, lacking direction and more affected by market news.

XTEP International (1368), who has just completed the roadshow promotion campaign, said that the subscription response was not bad. The public offering part recorded about 3 times oversubscribed, while the international placement portion also received several subscription funds in Asia and the Middle East.

Since the beginning of 2008, the market has been depressed in the subscription of new shares, and the myth of new shares rising last year has become a thing of the past.

As a matter of fact, the reaction of IPO is only general. Among those who have insufficient subscriptions, the first day has dropped many of them.

XTEP has recorded several times over subscription in light market, which has been excellent for private enterprises.

Light city IPO several times over subscription

In addition, the market spreads XTEP because the Hong Kong stock market is still very volatile in the near future, so the price is set below. However, the market participants believe that the lower limit pricing will enable investors to take advantage of low absorption to a certain extent, and the stock price will rise better.

XTEP is one of the fastest sporting goods companies in China. It is mainly engaged in the design, development, manufacture and marketing of sports products, including shoes, clothing and accessories. It has three brands: XTEP, Disney Sport and Colin. Among them, Disney Sport is the most popular concern because XTEP has exclusively launched the Disney Sport series for the domestic enterprises in Sport.

XTEP has more than 5000 distribution networks.

There are more than 5000 distribution networks in the mainland.

Ding Shuibo, chairman and chief executive officer of XTEP, who advocated the "sports lifestyle" campaign, once said that sports and life are closely related and indivisible. "Sports lifestyle" has become one of XTEP's successful marketing strategies.

The total number of XTEP's IPO is 550 million shares, of which 9 are (495 million shares), and 1 are (55 million shares).

The price is 4.05 to 5.5 yuan, 500 shares per hand, and 2777.75 yuan for admission. The 08 year forecast price earnings ratio is between 17.1 and 23.3 times.

With a median price of 4.78 yuan, the net capital raising amount is 2 billion 451 million yuan.

On the investor side, XTEP was invested in a large US private equity fund, Carlyle, and its shareholding was about 7.2%.

It is reported that Carlyle holds XTEP shares for at least half a year.