Guangzhou Port Successfully Completes A-share IPO, CICC Acts as Sole Sponsor and Lead Underwriter

Guangzhou Port Co., Ltd. (“Guangzhou Port” or the “Company”) was successfully listed on SSE Mainboard on March 29th, 2017. Guangzhou Port offered 698.68 MM new shares, accounting for 11.28% of the company’s total share capital after the offering. The offer price was RMB2.29 per share, implying 2016A P/E of 22.98x, and raising RMB 1,553 MM. CICC acted as Sole Sponsor and Lead Underwriter in this transaction.

Established in 2010, Guangzhou Port is a hub port under the national strategy of One-Belt & One-Road and also the largest port in Pearl River Delta, one of the five port regions in China, and the largest comprehensive hub port in South China and among the first batch of ports for whole vehicle imports. In 2016, Guangzhou Port ranked the 6th globally in terms of freight throughput and the 7th globally in terms of container throughput.

The transaction is the third largest A-share IPO in terms of market value in port industry. It is also the largest A-share IPO in the transportation industry on the main board of SSE in terms of financing size since 2016. Based on its deep understanding of the industry and the client, CICC grasped the hotspot in capital market in a forward-looking manner. As the Sole Sponsor and Lead Underwriter, CICC was highly recognized by the client for its professional and efficient execution as well as team works.