Financial Translation & Communication Solutions

China South Locomotive raised CNY6.54 billion from its IPO of A shares. The sale attracted CNY2.27 trillion in subscriptions.

The institutional tranche, which accounted for 20% of the offering, was 272 times oversubscribed, while the retail tranche, accounting for 80% of the sale, was around 365 times oversubscribed.

The pricing equates to 16.03 times expected 2008 earnings, based on the company's enlarged capital.

中国南车A股首次公开募股筹得资金人民币65.4亿元。总认购金额为人民币2.27万亿元。

面向机构投资者发行部分占总发行量的20%，获得272倍超额认购；面向散户发行部分占总发行量的80%，获得约365倍超额认购。

根据2008年预期收益和扩大后股本计算的发行市盈率为16.03倍。