The company's shares will be listed on the Shanghai Stock Exchange on January 5, 2022.

IT House learned that in the early morning of December 21, China Mobile disclosed the IPO price of this IPO - 57.58 yuan per share. According to the prospectus, the total amount of funds raised was nearly 56 billion yuan, exceeding China Telecom's financing scale of 47.904 billion yuan.

It became the largest new A-share financing since the IPO of Agricultural Bank of China in June 2010.

At the same time, China Mobile disclosed the purpose of raising funds. It will focus on "new infrastructure, new elements, and new momentum" to promote CHBN's all-round efforts, promote digital and intelligent transformation, and build a new digital and intelligent ecosystem for 5G high-quality network construction and cloud services.

There are 5 projects including new resource infrastructure construction, Gigabit smart home construction, smart middle platform construction, new generation information technology research and development and digital intelligence ecological construction. The total project investment is 156.9 billion yuan, and the amount of raised funds planned to be invested is 560

billion, and according to the previous prospectus application, 28 billion yuan of raised funds will be used for the construction of 5G high-quality networks.

According to the financial data in China Mobile's prospectus, as of June 2021, its book funds (bank deposits and accrued interest) have reached 367 billion yuan, and its investment trading financial assets such as various financial management, funds, bonds, and equity instruments have reached 139.7 billion yuan.

In addition, there is a long-term equity investment of 160 billion yuan; at the same time, in terms of revenue, the main business income in the first half of 2021 reached 393.212 billion yuan, and the operating income for the whole year of 2021 is expected to be 844.877 billion yuan to 852.558 billion yuan.

According to the prospectus, in order to protect the rights and interests of small and medium-sized shareholders, China Mobile formulated the "Plan to Stabilize the Company's A-Share Stock Price within Three Years after the Initial Public Offering of RMB Ordinary Shares (A Shares) of China Mobile Co., Ltd.". According to the plan, the issuer will

Within three years from the date of listing of A-shares, if the closing price of A-shares is lower than the audited net assets per share of the most recent year for 20 consecutive trading days, not due to force majeure, the issuer will initiate measures to stabilize the stock price.

Specific measures will include the issuer's controlling shareholders or actual controllers increasing their holdings, A-share repurchases, and when the controlling shareholders or actual controllers cannot fulfill the increase in holdings, the issuer's directors and senior managers will increase their holdings, etc.

At this point, after China Telecom returned to A shares, all three major operators will land in A shares.