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Investment Bank – helping IPO listing

Investment Bank – helping IPO listing. Group 8 members: Tam Sio Peng, Pinky 033084 Wong Ka Wing, Wing 043100 Kwan Long Wai, Carlos 043130 Chan Wing Hong, Terry 043099 Yuen Chi Wing, Stephanie 043106 Cheuk Ying Ling, Monique 043098. Agenda. Concept of Investment Bank. Europe

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Investment Bank – helping IPO listing

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  1. Investment Bank – helping IPO listing Group 8 members: Tam Sio Peng, Pinky 033084 Wong Ka Wing, Wing 043100 Kwan Long Wai, Carlos 043130 Chan Wing Hong, Terry 043099 Yuen Chi Wing, Stephanie 043106 Cheuk Ying Ling, Monique 043098

  2. Agenda

  3. Concept of Investment Bank • Europe • No Division between Investment Banks and Commercial Banks • All done by the so called ”Universal Bank”, or “Merchant Bank” • Eg. Deutsche Bank AG, ABN AMRO I

  4. Concept of Investment Bank Concept of IB is different in US and Europe In US • Clear division between Investment bank and Commercial bank, the functions are different • After the Stock Market Crash of 1929

  5. What is Investment Bank? type of wholesale financial institution firms-originate -underwrite -distribute new security issues of corporations and government agencies Unlike traditional bankX accept deposits from and provide loans to INDIVIDUAL C

  6. Functions of Investment Bank • Assist Corporations in Raising Funds • ProvideStrategic advisory services • Middleman

  7. Business Area • 2006, Merrill Lynch & Co. was ranked _______th in the list Fortune 500 • Offices in ______ countries • About $______ trillion total client assets • 2004, about ______ IPOs and raised > $43 billion 2005, about ______ IPOs and raised >$50 billion

  8. Business Area • 1914, the business was started and named by Charles E. Merrill and Edmund C. Lynch. • 2006, Merrill Lynch & Co. was ranked 34th in the list Fortune 500

  9. Business Area • Offices in 37 countries • About $1.5 trillion total client assets • As an investment bank, it is a leading global trader and underwriter of securities, a strategic advisor B

  10. Business Area B

  11. Business Area GMI(Global Markets & Investment Banking) Business distribution of GMI

  12. Business Area GMI (cont’d) • 2004, about 216 IPOs and raised > $43 billion • 2005, about 250 IPOs and raised >$50 billion • More consulting fees from underwriting and distribution services ↑revenue

  13. Business Area GPC(Global Private Client) • Advice-based wealth management services and products to individual clients and businesses • Support for their financial advisors • e.g. private banking & investment, global banking, marketing, investment & wealth management, retirement and direct services

  14. Business Area Net Earnings of the Merrill Lynch from 2002 to 2005 Increased 49.99% from 2002 to 2005 C

  15. Business Area Experience in China • Joint Global Coordinator and the Main Underwriter of the IPO of SINOPEC Shanghai Petrochemical Co. Ltd. (上海石化) • Main Underwrite of the IPO of Shenzhen Expressway Co. Ltd. (深圳高速公路) to raise 2.3 billions dollars

  16. Time line of the ICBC listing

  17. Time line for ICBC listing March 9 July 12 Sept 21 Merrill Lynch became the underwriters of ICBC • Shares and H-Shares to be decided listing at the same time Passed listing listen Oct 20 Oct 16 Oct 24 Subscribing information releasing for public The upper limit price of H share to $3.07 was set. Stop subscribing 76 times over subscribing Oct 27 Oct 25 A-Shares and H-Shares listed same day. H-Shares price reached $3.63, which was the daily high at the first day listed. Merrill Lynch add-in the clause of under-writing group not to issue warrant during stable price period. $3.5 black market price

  18. Oct 16 工行董事長姜建清昨透過視像會議，宣布招股詳情（大公報記者 蔡文豪 攝） 1

  19. ICBC 招股書

  20. 散戶在銀行門口排隊，等候索取招股書 3

  21. Oct 20 工行截止認購，散戶趕抵銀行遞交申請表 截至十月二十日，工行共收取約一百萬份申請表(表格+網上認購)。

  22. Oct 27 工行H股及A股在香港及上海同步上市。 開市﹕$3.60 最高﹕$3.63 最低﹕$3.49 收市﹕$3.52 9

  23. ICBC listing information

  24. Forecast of Investment Banking Marco-environment Global IB ↑ CEPA and China enter WTO Corporation listed in Hong Kong ↑

  25. Forecast of Investment Banking Expected Trend →no. of Chinese Corporation IPO in Hong Kong ↑ →Demand of IB service ↑ 8

  26. Forecast of Investment Banking

  27. Conclusion • Set the share price, • No. of share issued • Assisting the processing of Roadshow, international Roadshow • Attract more international investors • Stablize the share price

  28. END

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