XIAMEN FIT IMPORT & EXPORT CO., LTD.
Ping An sets price range for Shanghai IPO
click rate:2788 issue time:2007-03-10 08:12
Feb. 9, 2007 (China Knowledge) – Ping An Insurance Co. has set a price range of between RMB 31.80 and RMB 33.80 for its IPO in the Shanghai Stock Exchange.


The price range translates to a price-to-earnings ratio of between 71.67 and 76.18 times the company’s diluted earnings for 2005, the company said in a statement to the Shanghai Stock Exchange.


The insurer had already said it planned to issue up to 1.15 billion A-shares on the Shanghai Stock Exchange, representing 15.66% of its enlarged share capital.