The giant Chinese fintech upstart is expected to raise more than $30bn, eclipsing Saudi Aramco’s debut last year The company has chosen China over the U.S. for its IPO. Ant, which operates China's biggest mobile payments platform Alipay, is an affiliate of e-commerce giant Alibaba Group Holding . Ant Group is a financial technology company. Alibaba owns 33 percent of Ant Group. All rights reserved. Most stock quote data provided by BATS. Ant Group, the online payments arm of e-commerce giant Alibaba Group ( BABA) - Get Report, revealed plans on Monday for an … The debate and the Giants/Eagles game were distractions last night. Oracle’s Ellison steps out of character with approach for TikTok https://t.co/ppXrW8wVVt. If all goes well, Ant will be bigger than … Investors line up for Ant Group's record $48b IPO. Publishing date: Oct 30, 2020 • Last Updated 28 days ago • 3 minute read. The move comes after the People's Bank of China and three other financial regulators summoned Ma and two Ant Group executives for. Quelle sera la valorisation d’Ant Group à son entrée en bourse ? This was set to be the biggest initial public offering (IPO) the world has ever seen, with a record-breaking $37 billion listing. 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. 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… Ant Group made a profit of $3.5 billion in the six months through March 2020. Log In Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. Regarding the details of the upcoming Ant Group IPO, the pricing details have yet to be set. 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. Ant Group's IPO could come as soon as October, according to Bloomberg. 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. And that was a water company. Read more. 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. Ant, which was part of Alibaba before it was spun out into a separate vehicle, dominates mobile payments in China. My concern with the Ant Group IPO though, is how much would it jump on day one. 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. Jack Ma urges financial regulation reform on eve of Ant Group IPO. He controls about 50 percent of the voting shares in Ant Group, a business that now commands a valuation of $225 billion. Share. IPO allocation results announced: 4 November 2020 (Wed) First day of trading on Hong Kong Stock Exchange: 5 November 2020 (Thu), 9am. Late last year, Saudi Arabian oil giant Aramco’s US$29.4 billion listing topped that. La fintech Ant Group, éditrice de la très populaire application Alipay, pourrait s'introduire en Bourse d'ici à la fin du mois. Alibaba's transaction helped it raise about $13 billion. Currently, Ma’s wealth is slightly above Pony Ma, who is another Chinese technology billionaire. 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. Pony Ma is the founder and CEO of Tencent. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC 2018 and/or its affiliates. Trading is expected to begin Nov. 5. Julie Zhu and Scott Murdoch. It separated from Alibaba just before the Chinese e-commerce giant went public in 2014. Ant Group’s services include loans for consumers and businesses and wealth management. 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. August 29, 2020, 5:00 PM PDT. 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. When is the Ant Financial IPO date? That means BABA stock acts as an Ant Financial IPO proxy. 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. The Alibaba company reportedly wants a market valuation above US$200 billion. "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. ... Ant Group’s IPO wins swift approval from Shanghai’s Star Market. Log in or Subscribe to save article. 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. It's in this environment that Ant Group has filed for its initial public offering (IPO). "Ant is likely to adjust its IPO valuation as a result of this intervention and delay its launch date.". That number has only been surpassed by Saudi Aramco, which raised $29.4 billion in its Riyadh IPO in December 2019. 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. 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. Ant Group is expected to release the pricing of its shares by Oct. 27. The documents Ant filed to … Giants were up by 11 with five minutes left so I flipped to the debate. Alibaba , which owns one third of Ant Group, fell as … Ant Group aims to create the infrastructure and platform to support the digital transformation of the service industry. 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. 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 … Save. The documents Ant filed to … However, the company hasn't picked a firm date for its public listing. Regarding the details of the upcoming Ant Group IPO, the pricing details have yet to be set. 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. That number has only been surpassed by Saudi Aramco, which raised $29.4 billion in its Riyadh IPO in December 2019. 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. 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. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. If the IPO is successful, Ant will surpass Saudi Aramco's $29.4 billion share sale last year. Holding the title will be tough. A trading date … 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. Ant Group's Jack Ma called in to talk to Chinese regulators ahead of IPO The dual listing was set to raise $37 billion, making it the biggest share sale in history by a wide margin. … Now its bankers must grapple with any potential delays stemming from a … A trading date for Shanghai has not been fixed. Alipay, which competes with Tencent’s WeChat Pay in the mobile payments space, has more than 900 million users in China and 1.0 billion users globally. Ant Group's IPO could come as soon as October, according to Bloomberg. Alipay is China’s largest mobile payments business operated by Ant Group. Ant Group will list on the Hong Kong stock exchange on Nov. 5, according to an exchange filing. Ant Group has completed IPO pricing and its listing involves the vital interests of a multitude of stock investors, said the commentary, stressing that the postponement is to better safeguard the interests of financial consumers and maintain the sound development of the capital market over the long term. Article content. Save. Sur la seule Bourse de Hong Kong, 1,55 million d’investisseurs avaient confié à leurs brokers des ordres d’achat pour un montant représentant 167,7 Mds$. Previously, Alibaba had a profit-sharing arrangement with Ant Group. 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. 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Ant Group's highly anticipated IPO has been suspended following a meeting between the company's billionaire co-founder Jack Ma and regulators in … All rights reserved. Chinese billionaire Jack Ma founded Alibaba and Ant Group, previously called Ant Financial. Investors line up for Ant Group's record $48b IPO. 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. Alibaba’s listing, which raised US$25 billion, was the biggest IPO ever at the time. The company will start the IPO roadshow on the same day. Ant Group plans a dual listing of its shares in Hong Kong and Shanghai. Personal View on Ant Group IPO. The dual listing was set to raise $37 billion, making it the biggest share sale in history by a wide margin. 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. 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. Ant Group, the Alibaba (NYSE:BABA) -backed fintech company that owns the digital payments platform Alipay, will soon go public in one of the … 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. Pony Ma’s fortune has increased by $12.6 billion this year to a net worth of $51.2 billion. Chinese regulators blocked Ant Group's Shanghai listing after a … "Jack Ma's aggressive comments last weekend exacerbate the brewing conflict between large Chinese tech companies and powerful regulators," Lu said in emailed comments. L’IPO d’Ant Group est attendue pour le 5 novembre 2020. Ma owns a 4.8 percent equity stake in Alibaba. Ant Group filed for its blockbuster initial public offering in Hong Kong and Shanghai on August 25, promising a $200 billion-plus valuation. The company will offer a combined 11% stake by issuing 1.67 billion shares on each exchange. However, the company decided to swap that for an equity stake in the business. Reuters. 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. 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. Quand l’IPO d’Ant Group aura-t-elle lieu ? 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. Ma’s net worth is $51.4 billion, which reflects a $4.8 billion increase in his fortune this year. The Shanghai trading date has not yet been disclosed. Ant Group is the world’s highest-valued FinTech company, and most valuable unicorn company, with a valuation of US$150 billion. On Monday, the China Banking and Insurance Regulatory Commission — one of the regulators that summoned the Ant executives — proposed new rules for online lenders. 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. ET First Published: Sept. 24, 2020 at 7:09 p.m. If it jumps 40%, that’s a valuation of 438b. Ant Group’s initial public offering was unexpectedly halted by Chinese regulators on Tuesday, just 48 hours before it was to begin. La suspension de l’IPO d’Ant Group va donner lieu à un reflux financier sans précédent. Vous pourrez trader l'action Ant Group dès cette date avec les CFD. The company has departed from the path of its former parent Alibaba, which listed its stock in Hong Kong in 2019. The Alibaba affiliate firm’s listing would exceed Saudi Aramco’s US$29 billion trade debut and become the largest IPO to date. "We will continue to serve small and micro businesses and ordinary citizens with our passion, professionalism and commitment for society.". All times are ET. No regulator anywhere wants to be irrelevant," he said. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. Ant Group is going public in what could mark the biggest 2020 IPO globally to date. Alibaba, the NYSE-listed Chinese e-commerce giant, holds a 33% stake in Ant Group. The STAR market approved the Shanghai listing about a month ago. However, the company hasn't picked a firm date for its public listing. Disclaimer. Original: Jul 20, 2020. A spokesman for bourse operator Hong Kong Exchanges and Clearing declined to comment on Ant’s hearing date. Hong Kong | Ant Group … 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. 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. In a statement on its official WeChat account, Ant Group apologized to investors for "any inconvenience caused by this development.". ... Ant's IPO would also serve to burnish STAR's status. It is likely to be the largest in global financial history. But that’s not all. 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. The expected listing of 10% of shares will raise at least $20 billion, with the lion’s share of that in Hong Kong. What Happens if a Robinhood Stock Is Delisted. 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. 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 development is a blow to investors in Ant Group that were hoping to cash out with the IPO. Factset: FactSet Research Systems Inc.2018. 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. 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