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Baosteel Warrant will be in Shanghai on August 22 negotiable securities The Exchange is listed. The reporter learned that the Shanghai Stock Exchange has set the opening reference price of Baosteel warrants at 0.688 yuan.
Guotai Jun'an pointed out that the opening reference price is the theoretical price calculated according to the relevant pricing model, which is only the benchmark used to calculate the rise and fall of Baosteel warrants on the day, and does not represent the actual opening price or guidance price. The actual opening price will be generated by investors' bidding transactions.
The person explained the basis of the opening reference price: Non tradable shares For the main terms of the warrant in the reform plan, according to the Black Scholes formula, the relevant parameters are: the exercise price of the warrant is 4.50 yuan, the remaining duration of the warrant is 374 days, the risk-free yield is 3.30%, and the underlying shares The current price is 4.62 yuan, and the volatility of the underlying stock is 30.10%. The theoretical value of Baosteel warrants is determined to be 0.688 yuan, which is used as the opening reference price.
Author: reporter Ye Zhan
(Source: Shanghai Securities News)
Sina statement: The content of this article is purely the author's personal view, only for investors' reference, and does not constitute investment advice. Investors operate accordingly at their own risk.
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