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. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. The Shanghai trading date has not yet been disclosed. 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. Alibaba owns 33 percent of Ant Group. There will be approximately 3.34 billion shares on sale, which would account for 11% of Ant Group’s outstanding stock. Chinese billionaire Jack Ma founded Alibaba and Ant Group, previously called Ant Financial. Article content. Ant Group said to target valuation of $225 Billion in IPO. All rights reserved. Ant Group will list on the Hong Kong stock exchange on Nov. 5, according to an exchange filing. Holding the title will be tough. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC 2018 and/or its affiliates. A spokesman for bourse operator Hong Kong Exchanges and Clearing declined to comment on Ant’s hearing date. On Monday, the China Banking and Insurance Regulatory Commission — one of the regulators that summoned the Ant executives — proposed new rules for online lenders. It is likely to be the largest in global financial history. The company has departed from the path of its former parent Alibaba, which listed its stock in Hong Kong in 2019. Quand l’IPO d’Ant Group aura-t-elle lieu ? A trading date … ... Ant's IPO would also serve to burnish STAR's status. NOT since the listing of Chinese ­e-commerce giant Alibaba Group Holding six years ago has an initial public offering generated as much buzz as next week’s listing of Ant Group. Jack Ma urges financial regulation reform on eve of Ant Group IPO. Ant Group, the Alibaba (NYSE:BABA) -backed fintech company that owns the digital payments platform Alipay, will soon go public in one of the … If all goes well, Ant will be bigger than … Read more. Ant, which operates China's biggest mobile payments platform Alipay, is an affiliate of e-commerce giant Alibaba Group Holding . Ant Group IPO preparation comes amid rising tensions between China and the U.S. over issues spanning trade and politics. Share. All rights reserved. He controls about 50 percent of the voting shares in Ant Group, a business that now commands a valuation of $225 billion. The dual listing was set to raise $37 billion, making it the biggest share sale in history by a wide margin. Ant Group is the world’s highest-valued FinTech company, and most valuable unicorn company, with a valuation of US$150 billion. Publishing date: Oct 30, 2020 • Last Updated 28 days ago • 3 minute read. Regarding the details of the upcoming Ant Group IPO, the pricing details have yet to be set. 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. Save. Log In Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. 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. While it's not yet clear exactly why the Ant Group IPO was suspended, it could be an attempt by Beijing to remind Ma "who calls the shots," Clark told CNN Business on Tuesday. The documents Ant filed to … The company has chosen China over the U.S. for its IPO. Queen of the colony What Ant Group’s IPO says about the future of finance. That number has only been surpassed by Saudi Aramco, which raised $29.4 billion in its Riyadh IPO in December 2019. That number has only been surpassed by Saudi Aramco, which raised $29.4 billion in its Riyadh IPO in December 2019. Pony Ma’s fortune has increased by $12.6 billion this year to a net worth of $51.2 billion. If it jumps 40%, that’s a valuation of 438b. Ant Group's IPO could come as soon as October, according to Bloomberg. Ant Group made a profit of $3.5 billion in the six months through March 2020. Vous pourrez trader l'action Ant Group dès cette date avec les CFD. Original: Jul 20, 2020. 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. 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. 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. The development is a blow to investors in Ant Group that were hoping to cash out with the IPO. Ant, which was part of Alibaba before it was spun out into a separate vehicle, dominates mobile payments in China. Alibaba’s payments arm, Ant Group/Financial has filed for IPO in both Hong Kong and Shanghai to issue at least 10% in new shares of its total capital. 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 … Ma’s net worth is $51.4 billion, which reflects a $4.8 billion increase in his fortune this year. Ant Group’s initial public offering was unexpectedly halted by Chinese regulators on Tuesday, just 48 hours before it was to begin. Business & Technology After delay, Ant Group’s gargantuan IPO set for early November Alibaba affiliate Ant Group offers financial services to an enormous population that had previously been neglected by China’s banks, and now the company is set to list in Hong Kong and Shanghai. 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. Ant Group's IPO could come as soon as October, according to Bloomberg. The documents Ant filed to … "Ant is likely to adjust its IPO valuation as a result of this intervention and delay its launch date.". "Jack Ma's aggressive comments last weekend exacerbate the brewing conflict between large Chinese tech companies and powerful regulators," Lu said in emailed comments. Ant Group said on Tuesday that it would stay in "close communications" with regulators and the Shanghai exchange. August 29, 2020, 5:00 PM PDT. 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. Save. Also, the Trump administration has restricted Chinese tech champion Huawei’s access to U.S. technologies. L’IPO d’Ant Group est attendue pour le 5 novembre 2020. Previously, Alibaba had a profit-sharing arrangement with Ant Group. Alibaba's transaction helped it raise about $13 billion. La suspension de l’IPO d’Ant Group va donner lieu à un reflux financier sans précédent. London (CNN Business)Ant Group's highly anticipated IPO has been suspended following a meeting between the company's billionaire co-founder Jack Ma and regulators in China, an abrupt move that threatens what was due to be the largest share sale in history. Ant Group filed for its blockbuster initial public offering in Hong Kong and Shanghai on August 25, promising a $200 billion-plus valuation. Log in or Subscribe to save article. By Hanna Ziady and Sherisse Pham, CNN Business, Updated 1651 GMT (0051 HKT) November 3, 2020. 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. Personal View on Ant Group IPO. Ant Group is expected to release the pricing of its shares by Oct. 27. Pony Ma is the founder and CEO of Tencent. Morningstar Research values Ant at around HK$80 a share or right in line with its IPO price. Ant Group suspends Hong Kong and Shanghai IPOs following Chinese regulatory disapproval. ET First Published: Sept. 24, 2020 at 7:09 p.m. 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 WATCH: Alibaba co-founder Jack Ma cut his stake over the past year to 4.8% from 6.2% https://t.co/0VL4eaj9Cl pic.twitter.com/7WZbdLtcB0. The company will offer a combined 11% stake by issuing 1.67 billion shares on each exchange. My concern with the Ant Group IPO though, is how much would it jump on day one. 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. 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 Alibaba company reportedly wants a market valuation above US$200 billion. It'll be listed in Shanghai and Hong Kong as the largest IPO of all time. Julie Zhu and Scott Murdoch. IPO allocation results announced: 4 November 2020 (Wed) First day of trading on Hong Kong Stock Exchange: 5 November 2020 (Thu), 9am. Ma owns a 4.8 percent equity stake in Alibaba. … The move comes after the People's Bank of China and three other financial regulators summoned Ma and two Ant Group executives for. Ant Group is expected to raise more than $34 billion from its IPO, which would make it the largest-ever market listing – overtaking Saudi Aramco. Alipay is China’s largest mobile payments business operated by Ant Group. "We will continue to serve small and micro businesses and ordinary citizens with our passion, professionalism and commitment for society.". 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. Disclaimer. The STAR market approved the Shanghai listing about a month ago. The dual listing of Ant Group in Hong Kong and Shanghai as early as next month could top the $29bn raised in the Saudi Aramco IPO, the biggest globally to date. When is the Ant Financial IPO date? I continue to go through the Ant Group filing and I will report my key takeaways on Monday. Hong Kong | Ant Group … However, the company decided to swap that for an equity stake in the business. The giant Chinese fintech upstart is expected to raise more than $30bn, eclipsing Saudi Aramco’s debut last year Jeremy Goldkorn Published October 19, 2020 Ant Group is going public in what could mark the biggest 2020 IPO globally to date. Ant Group IPO date is a moving target as some say next Friday while a Mainland broker said Friday, November 6 th. Ant Group is a financial technology company. 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. That means BABA stock acts as an Ant Financial IPO proxy. Ant Group's IPO date looks to be around the corner as the company prepares to file paperwork in Hong Kong and Shanghai to formally kick off the public listing process. 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. 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. If the IPO is successful, Ant will surpass Saudi Aramco's $29.4 billion share sale last year. Ant Group, the online payments arm of e-commerce giant Alibaba Group ( BABA) - Get Report, revealed plans on Monday for an … 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 Group IPO date is a moving target as some say next Friday while a Mainland broker said Friday, November 6 th. 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. Giants were up by 11 with five minutes left so I flipped to the debate. "We will overcome the challenges and live up to the trust on the principles of: stable innovation; embrace of regulation; service to the real economy; and win-win cooperation," the company said in its statement. All times are ET. But that’s not all. Amid the tensions, the Trump administration has threatened to ban TikTok from the U.S. market, which has sparked a race to buy or replace the hit social video app. Ant’s IPO is gearing up to be larger than that of Saudi Aramco, which brought in more than $25 billion in the biggest IPO to date… Trading in Hong Kong is expected to begin on November 5. Jack Ma’s Ant Group has a narrow window to make its much-anticipated market debut ahead of U.S. election turbulence. It separated from Alibaba just before the Chinese e-commerce giant went public in 2014. Julie Zhu and Scott Murdoch. Currently, Ma’s wealth is slightly above Pony Ma, who is another Chinese technology billionaire. Alibaba’s listing, which raised US$25 billion, was the biggest IPO ever at the time. Reuters. ET 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. Cette somme représente l’équivalent de la capitalisation d’Apple et d’Alphabet réunies. 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. 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. ... Ant Group’s IPO wins swift approval from Shanghai’s Star Market. The IPO has also been suspended in Hong Kong, according to a statement from Ant Group, which referenced the meeting between Ma and Chinese officials as well as "recent changes" in regulations. The expected listing of 10% of shares will raise at least $20 billion, with the lion’s share of that in Hong Kong. In a statement on its official WeChat account, Ant Group apologized to investors for "any inconvenience caused by this development.". Oct 27, 2020 – 6.09pm. Investors line up for Ant Group's record $48b IPO. 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. Only a handful of investment banks or brokerages have published research reports on Ant Group ahead of the IPO. Ant Group aims to create the infrastructure and platform to support the digital transformation of the service industry. Ant Group’s listing aims to raise about $30 billion, which could make it the world’s largest IPO despite coming amid the COVID-19 pandemic. 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. Most stock quote data provided by BATS. This was set to be the biggest initial public offering (IPO) the world has ever seen, with a record-breaking $37 billion listing. No regulator anywhere wants to be irrelevant," he said. The big news was the green light for Ant Group’s Hong Kong IPO from the local regulators as speculation on the listing date is either the first or second week of November. Here's why they're on Parler, Watch this 'infinite' music video of Billie Eilish's 'Bad Guy', Here's how Prop 22 could transform the gig economy, Watch astronauts arrive at International Space Station, See Apple's new Macbooks with the M1 chip, Watch: People travel in Virgin Hyperloop for the first time, An online movement has these Trump supporters convinced the election was stolen, Disney's new robot has a creepily human gaze, Watch this flying car complete its first flight, Fact-checker calls the person who sent him a death threat, Ant Group's Jack Ma called in to talk to Chinese regulators ahead of IPO, Shanghai could be the world's biggest IPO market this year. However, the company hasn't picked a firm date for its public listing. In September, China's ruling Communist Party published an. Alibaba, the NYSE-listed Chinese e-commerce giant, holds a 33% stake in Ant Group. delisting of their stocks from U.S. exchanges, How Investors Can Buy CD Projekt RED Stock Amid Cyberpunk 2077 Hype, How U.S. Investors Can Access WhatsApp Stock. Trading is expected to begin Nov. 5. It's in this environment that Ant Group has filed for its initial public offering (IPO). Ant Group’s market cap will be approximately RMB 2.09 trillion, based on the IPO price and assuming that the over-allotment option is not exercised. A trading date for Shanghai has not been fixed. Quelle sera la valorisation d’Ant Group à son entrée en bourse ? Sur la seule Bourse de Hong Kong, 1,55 million d’investisseurs avaient confié à leurs brokers des ordres d’achat pour un montant représentant 167,7 Mds$. Alibaba , which owns one third of Ant Group, fell as … Investors line up for Ant Group's record $48b IPO. Morningstar: Copyright 2018 Morningstar, Inc. All Rights Reserved. La fintech Ant Group, éditrice de la très populaire application Alipay, pourrait s'introduire en Bourse d'ici à la fin du mois. 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? Factset: FactSet Research Systems Inc.2018. At HK$80 a share, Ant stock will trade at 30 times this year’s earnings. Late last year, Saudi Arabian oil giant Aramco’s US$29.4 billion listing topped that. Chinese regulators blocked Ant Group's Shanghai listing after a … Now its bankers must grapple with any potential delays stemming from a … Ant Group’s services include loans for consumers and businesses and wealth management. However, the company hasn't picked a firm date for its public listing. All the recent big IPOs have had crazy day one jumps, with Nongfu Spring doing almost 100% on day one. 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. Oracle’s Ellison steps out of character with approach for TikTok https://t.co/ppXrW8wVVt. Save. Regarding the details of the upcoming Ant Group IPO, the pricing details have yet to be set. Ant Group plans a dual listing of its shares in Hong Kong and Shanghai. The debate and the Giants/Eagles game were distractions last night. What Happens if a Robinhood Stock Is Delisted. Ant Group's highly anticipated IPO has been suspended following a meeting between the company's billionaire co-founder Jack Ma and regulators in … One in Shanghai and one in Hong Kong. Sprawling behemoth is expanding fast beyond Alipay app. The Alibaba affiliate firm’s listing would exceed Saudi Aramco’s US$29 billion trade debut and become the largest IPO to date. And that was a water company. The company will start the IPO roadshow on the same day. 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