China Construction Bank online winning rate 2.83%, froze 1.86 trillion yuan of funds

On the evening of July 23, China State Construction Engineering Corporation (CSCEC) announced in a public notice that the final pricing would be 4.18 yuan per share, corresponding to a price-earnings ratio of 51 times. After the callback mechanism was implemented, the final allocation ratio for CSCEC’s institutional offering was 2.60551465%; the final online subscription success rate was 2.82568979%. Calculated from this data, the frozen capital from online subscriptions was approximately 887.6 billion yuan, and adding the 969.4 billion yuan frozen from institutional subscriptions, the total frozen capital for CSCEC was 1.857 trillion yuan...