U.S. group comment below the issue price, the total market value is still higher than millet Jingdong


U.S. group comment below the issue price, the total market value is still higher than millet Jingdong

Xin Jing Bao Express (reporter Ma Jing Zhang Siyuan) on September 26, Haidilao listed in Hong Kong, and on September 20 last week in Hong Kong listed in the comments of the United States also received much attention. Four trading days later, the stock closed below its offering price, falling nearly 5% in the afternoon, and ended down 0.29% at HK $68.80 a share, with a total market value of HK $377.98 billion.

Nevertheless, the total market value of the group is still higher than that of millet group and Jingdong, another e-commerce giant listed in Hong Kong. As of today's closing, the total market value of millet group is HK $369 billion 370 million. Jingdong listed in the US is currently trading at US $24.54, with a total market value of US $35 billion 491 million.

Prior to the announcement, the stock closed at HK$69 per share, up 5.29% on Sept. 20, closing at HK$7.265 on the first day of the listing, with a market capitalisation of over HK$400 billion, exceeding that of Jingdong and Xiaomi, closing at HK$398.9 billion, close to HK$413.5 billion on the market capitalisation of Xiaomi.

Prospectus shows that in 2017, the US group commented on the revenue of 33 billion 928 million yuan and lost 18 billion 988 million yuan in the year. Net losses from 2015 to 2017 were 5 billion 900 million yuan, 5 billion 400 million yuan and 2 billion 850 million yuan respectively. In 2017, the annual transaction value of catering and takeout services reviewed by the US Troupe was 171 billion yuan, and the annual transaction value of restaurants, hotels and tourism reached 158 billion yuan.

In the first four months of this year, the US Troupe achieved revenue of 15.824 billion yuan, exceeding the total revenue of 13 billion yuan in 2016, nearly half of the total revenue of 33.9 billion yuan in 2017. This figure is nearly double that of the first four months of 2017, operating income of 8 billion 119 million yuan.


Waonews is a news media from China, with hundreds of translations, rolling updates China News, hoping to get the likes of foreign netizens