Queen of the colony What Ant Group’s IPO says about the future of finance. It is likely to be the largest in global financial history. The Hong Kong leg of the IPO is being sponsored by China International Capital Corp (CICC) 3908.HK, Citigroup Inc C.N, JPMorgan Chase & Co JPM.N and Morgan Stanley MS.N. Article content. Read more. HONG KONG — Retail investors placed bids for a record $3 trillion of shares in Ant Group Co Ltd’s initial public offering (IPO), set to be the world’s biggest, as mom-and-pop savers bet on demand for its financial services in China. The STAR market approved the Shanghai listing about a month ago. This was set to be the biggest initial public offering (IPO) the world has ever seen, with a record-breaking $37 billion listing. Ant Group’s services include loans for consumers and businesses and wealth management. Ant Group IPO date is a moving target as some say next Friday while a Mainland broker said Friday, November 6 th. Trading in Hong Kong is expected to begin on November 5. It separated from Alibaba just before the Chinese e-commerce giant went public in 2014. That means BABA stock acts as an Ant Financial IPO proxy. "Jack Ma's aggressive comments last weekend exacerbate the brewing conflict between large Chinese tech companies and powerful regulators," Lu said in emailed comments. And that was a water company. No regulator anywhere wants to be irrelevant," he said. Opening date and time for the Hong Kong public offer: 27 October 2020 (Tue) Closing date and time for the Hong Kong public offer: 30 October 2020 (Fri), 1130am. L’IPO d’Ant Group est attendue pour le 5 novembre 2020. Alipay, which competes with Tencent’s WeChat Pay in the mobile payments space, has more than 900 million users in China and 1.0 billion users globally. Hong Kong | Ant Group … However, the company hasn't picked a firm date for its public listing. However, the company hasn't picked a firm date for its public listing. Ant Group IPO: Five things to know about the Alibaba affiliate ahead of the largest offering in history Last Updated: Oct. 26, 2020 at 2:29 p.m. Quelle sera la valorisation d’Ant Group à son entrée en bourse ? Log in or Subscribe to save article. He controls about 50 percent of the voting shares in Ant Group, a business that now commands a valuation of $225 billion. La suspension de l’IPO d’Ant Group va donner lieu à un reflux financier sans précédent. Ant Group is going public in what could mark the biggest 2020 IPO globally to date. From Jul-19 to Jun-20, Ant Group’s core net profit was RMB 44.1 billion, implying a trailing P/E of 47.4x. Save. Ant Group filed for its blockbuster initial public offering in Hong Kong and Shanghai on August 25, promising a $200 billion-plus valuation. The debate and the Giants/Eagles game were distractions last night. The documents Ant filed to … La fintech Ant Group, éditrice de la très populaire application Alipay, pourrait s'introduire en Bourse d'ici à la fin du mois. Jack Ma's Ant Group has just pulled off the biggest share sale in history, marking a huge win for the Chinese tech champion and the country's stock market. Jack Ma urges financial regulation reform on eve of Ant Group IPO. Jack Ma’s Ant Group has a narrow window to make its much-anticipated market debut ahead of U.S. election turbulence. On Monday, the China Banking and Insurance Regulatory Commission — one of the regulators that summoned the Ant executives — proposed new rules for online lenders. Chinese regulators blocked Ant Group's Shanghai listing after a … Ant Group to raise $34.5 billion valuing it at over $313 billion in biggest IPO of all time: @CNBC — Steve Burns (@SJosephBurns) October 26, 2020 When is the Ant Financial IPO date? Ant Group's IPO could come as soon as October, according to Bloomberg. Follow our head of US Joanie Xie's journey into online payments, connecting US retailers to @Alipay 900m users in China via digital lifestyle marketing & value chain transformation @JingDaily #communityprofiles #womenintech #fintech https://t.co/Oqt78VGR97. The expected listing of 10% of shares will raise at least $20 billion, with the lion’s share of that in Hong Kong. Trading is expected to begin Nov. 5. Original: Jul 20, 2020. All rights reserved. If it jumps 40%, that’s a valuation of 438b. Save. Ant Group IPO preparation comes amid rising tensions between China and the U.S. over issues spanning trade and politics. … This is the first time that Chinese regulators have taken such drastic actions on the eve of a large IPO, senior geotechnology analyst at Eurasia Group Xiaomeng Lu told CNN Business. Ant Group’s IPO could be the world’s largest, according to Reuters, “surpassing the record set by oil giant Saudi Aramco’s $29.4 billion float last December.” Ant “looks to increase its offering size to $35 billion from up to $30 billion, targeting a valuation of about $250 billion or more,” says Reuters. The rules could could mean that Ant would have to set aside more cash for the loans it facilitates and would place more credit risk on its balance sheet, according to Bernstein analyst Kevin Kwek. ... Ant's IPO would also serve to burnish STAR's status. Share. Ant Group is a financial technology company. The giant Chinese fintech upstart is expected to raise more than $30bn, eclipsing Saudi Aramco’s debut last year Now its bankers must grapple with any potential delays stemming from a … The company started out providing mobile payment services through the Alipay brand. Ant, which was part of Alibaba before it was spun out into a separate vehicle, dominates mobile payments in China. Ant Group wins approval from Chinese regulators for the Hong Kong leg of its blockbuster IPO Published Sun, Oct 18 2020 10:29 PM EDT Updated Mon, Oct 19 2020 4:16 PM EDT Arjun Kharpal The Shanghai trading date has not yet been disclosed. All times are ET. Ant Group caught the attention of stock pundit’s everywhere last week when it announced its plans to float on not one, but two Eastern stock exchanges. ... Ant Group’s IPO wins swift approval from Shanghai’s Star Market. Ant Group has completed IPO pricing and its listing involves the vital interests of a multitude of stock investors, said the commentary, stressing that the postponement is to better safeguard the interests of financial consumers and maintain the sound development of the capital market over the long term. Pony Ma is the founder and CEO of Tencent. Ant Group, which is 33% owned by Alibaba and controlled by billionaire Jack Ma, is seeking to list in Shanghai and Hong Kong in a concurrent IPO. In September, China's ruling Communist Party published an. Ant Group aims to create the infrastructure and platform to support the digital transformation of the service industry. Ant Group is the world’s highest-valued FinTech company, and most valuable unicorn company, with a valuation of US$150 billion. The company will start the IPO roadshow on the same day. By Hanna Ziady and Sherisse Pham, CNN Business, Updated 1651 GMT (0051 HKT) November 3, 2020. A trading date … Reuters. Currently, Ma’s wealth is slightly above Pony Ma, who is another Chinese technology billionaire. Alibaba's transaction helped it raise about $13 billion. Save. There will be approximately 3.34 billion shares on sale, which would account for 11% of Ant Group’s outstanding stock. Alibaba, the NYSE-listed Chinese e-commerce giant, holds a 33% stake in Ant Group. Still, such a dramatic move so close to the listing date is surprising because it could damage Beijing's drive to develop its capital markets, he added. Factset: FactSet Research Systems Inc.2018. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Ant Group, biggest IPO ever, plans to raise $34.5B ... Ant Group will list on the Hong Kong stock exchange on Nov. 5, according to an exchange filing. Jeremy Goldkorn Published October 19, 2020 I continue to go through the Ant Group filing and I will report my key takeaways on Monday. Ant Group's Jack Ma called in to talk to Chinese regulators ahead of IPO The dual listing was set to raise $37 billion, making it the biggest share sale in history by a wide margin. Jack Ma's Ant Group has just pulled off the biggest share sale in history, marking a huge win for the Chinese tech champion and the country's stock market. If all goes well, Ant will be bigger than … Ma owns a 4.8 percent equity stake in Alibaba. Julie Zhu and Scott Murdoch. delisting of their stocks from U.S. exchanges, How Investors Can Buy CD Projekt RED Stock Amid Cyberpunk 2077 Hype, How U.S. Investors Can Access WhatsApp Stock. Vous pourrez trader l'action Ant Group dès cette date avec les CFD. "We will continue to serve small and micro businesses and ordinary citizens with our passion, professionalism and commitment for society.". Ant Group's IPO could come as soon as October, according to Bloomberg. Ant Group will list on the Hong Kong stock exchange on Nov. 5, according to an exchange filing. Quand l’IPO d’Ant Group aura-t-elle lieu ? Ant Group, the Alibaba (NYSE:BABA) -backed fintech company that owns the digital payments platform Alipay, will soon go public in one of the … A spokesman for bourse operator Hong Kong Exchanges and Clearing declined to comment on Ant’s hearing date. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Ant Group suspends Hong Kong and Shanghai IPOs following Chinese regulatory disapproval. Most stock quote data provided by BATS. Regarding the details of the upcoming Ant Group IPO, the pricing details have yet to be set. If the IPO is successful, Ant will surpass Saudi Aramco's $29.4 billion share sale last year. Ant Group’s market cap will be approximately RMB 2.09 trillion, based on the IPO price and assuming that the over-allotment option is not exercised. ET First Published: Sept. 24, 2020 at 7:09 p.m. But that’s not all. Only a handful of investment banks or brokerages have published research reports on Ant Group ahead of the IPO. Northbound Stock Connect was closed today due to Hong Kong’s holiday Monday as foreign investors sold $2.1 billion worth of Mainland equities, bringing the YTD total to $13.98 billion. The big news was the green light for Ant Group’s Hong Kong IPO from the local regulators as speculation on the listing date is either the first or second week of November. Regarding the details of the upcoming Ant Group IPO, the pricing details have yet to be set. How China's Ant Group built a $17 trillion payments machine, Hear Ashton Kutcher's plea to lawmakers on proposed child abuse legislation, These Trump supporters say big tech is biased. Personal View on Ant Group IPO. A trading date for Shanghai has not been fixed. Oracle’s Ellison steps out of character with approach for TikTok https://t.co/ppXrW8wVVt. Oct 30, 2020 • Last Updated 28 days ago • 3 minute read HONG KONG — Retail investors placed bids for a record $3 trillion of shares in Ant Group Co Ltd’s initial public offering (IPO), set to be the world’s biggest, as mom-and-pop savers bet on demand for its financial services in China. The development is a blow to investors in Ant Group that were hoping to cash out with the IPO. Late last year, Saudi Arabian oil giant Aramco’s US$29.4 billion listing topped that. It'll be listed in Shanghai and Hong Kong as the largest IPO of all time. Finally, Ant Group’s decision to plan its IPO in China comes as Chinese companies risk delisting of their stocks from U.S. exchanges due to account issues. Log In Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. Ant Group IPO date is a moving target as some say next Friday while a Mainland broker said Friday, November 6 th. All the recent big IPOs have had crazy day one jumps, with Nongfu Spring doing almost 100% on day one. All rights reserved. Ant Group, the online payments arm of e-commerce giant Alibaba Group ( BABA) - Get Report, revealed plans on Monday for an … HONG KONG—Chinese financial-technology giant Ant Group Co. is set to raise at least $34.4 billion from the world’s biggest-ever initial public offering, filings showed Monday, in a … The documents Ant filed to … In a statement on its official WeChat account, Ant Group apologized to investors for "any inconvenience caused by this development.". Duncan Clark, the author of "Alibaba: The House that Jack Ma Built" and chairman of investment advisory firm BDA China, said before the IPO was halted that Chinese regulators "want to put out statements that they're the ones in charge, the ones in control. 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