A Fuxing bullet train was ready to run on the Bejing-Shanghai High-Speed line, Jan. 5. 2019. (Photo/VCG)
(ECNS) -- Beijing-Shanghai High-Speed Railway Co. Ltd officially launched its IPO prospectus Wednesday.
A maximum of 6.286 billion new shares will be issued, accounting for 12.80 percent of the company's total share capital, with initial strategic placement shares at 3.143 billion, accounting for 50 percent of the total offering.
The initial offline issuance quantity is 2.2 billion shares, accounting for about 70 percent of the issued number after deducting initial strategic placement, while the initial online issuance number is 943 million shares, accounting for about 30 percent.
China Railway Corporation, which owns 49.76 percent of the Beijing-Shanghai High-Speed railway, is the controlling shareholder.
Beijing-Shanghai High-Speed Railway was established on January 9, 2008 with a registered capital of 42.821 billion yuan （about $6.12 billion）.
It is the most profitable high-speed rail operator in China, with revenue of more than 30 billion yuan and a net profit surpassing 10 billion yuan in 2018.
