La fintech Ant Group, éditrice de la très populaire application Alipay, pourrait s'introduire en Bourse d'ici à la fin du mois. A spokesman for bourse operator Hong Kong Exchanges and Clearing declined to comment on Ant’s hearing date. ... Ant Group’s IPO wins swift approval from Shanghai’s Star Market. The Alibaba affiliate firm’s listing would exceed Saudi Aramco’s US$29 billion trade debut and become the largest IPO to date. Log in or Subscribe to save article. Morningstar Research values Ant at around HK$80 a share or right in line with its IPO price. Ant Group plans a dual listing of its shares in Hong Kong and Shanghai. It's in this environment that Ant Group has filed for its initial public offering (IPO). delisting of their stocks from U.S. exchanges, How Investors Can Buy CD Projekt RED Stock Amid Cyberpunk 2077 Hype, How U.S. Investors Can Access WhatsApp Stock. "We will overcome the challenges and live up to the trust on the principles of: stable innovation; embrace of regulation; service to the real economy; and win-win cooperation," the company said in its statement. Sur la seule Bourse de Hong Kong, 1,55 million d’investisseurs avaient confié à leurs brokers des ordres d’achat pour un montant représentant 167,7 Mds$. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. Ma owns a 4.8 percent equity stake in Alibaba. A trading date … 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. 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. 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. He controls about 50 percent of the voting shares in Ant Group, a business that now commands a valuation of $225 billion. Ant Group is the world’s highest-valued FinTech company, and most valuable unicorn company, with a valuation of US$150 billion. 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. Alibaba owns 33 percent of Ant Group. IPO allocation results announced: 4 November 2020 (Wed) First day of trading on Hong Kong Stock Exchange: 5 November 2020 (Thu), 9am. The giant Chinese fintech upstart is expected to raise more than $30bn, eclipsing Saudi Aramco’s debut last year Ant Group's IPO could come as soon as October, according to Bloomberg. Trading is expected to begin Nov. 5. Jack Ma urges financial regulation reform on eve of Ant Group IPO. 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. Holding the title will be tough. Save. The documents Ant filed to … 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 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. Trading in Hong Kong is expected to begin on November 5. The Alibaba company reportedly wants a market valuation above US$200 billion. Pony Ma’s fortune has increased by $12.6 billion this year to a net worth of $51.2 billion. The STAR market approved the Shanghai listing about a month ago. All rights reserved. All times are ET. When is the Ant Financial IPO date? That means BABA stock acts as an Ant Financial IPO proxy. Ant Group, the Alibaba (NYSE:BABA) -backed fintech company that owns the digital payments platform Alipay, will soon go public in one of the … Investors line up for Ant Group's record $48b IPO. August 29, 2020, 5:00 PM PDT. Ma’s net worth is $51.4 billion, which reflects a $4.8 billion increase in his fortune this year. It is likely to be the largest in global financial history. All the recent big IPOs have had crazy day one jumps, with Nongfu Spring doing almost 100% on day one. Regarding the details of the upcoming Ant Group IPO, the pricing details have yet to be set. 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… There will be approximately 3.34 billion shares on sale, which would account for 11% of Ant Group’s outstanding stock. 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. My concern with the Ant Group IPO though, is how much would it jump on day one. That number has only been surpassed by Saudi Aramco, which raised $29.4 billion in its Riyadh IPO in December 2019. Most stock quote data provided by BATS. The Shanghai trading date has not yet been disclosed. ET First Published: Sept. 24, 2020 at 7:09 p.m. But that’s not all. Jack Ma’s Ant Group has a narrow window to make its much-anticipated market debut ahead of U.S. election turbulence. "Jack Ma's aggressive comments last weekend exacerbate the brewing conflict between large Chinese tech companies and powerful regulators," Lu said in emailed comments. On Monday, the China Banking and Insurance Regulatory Commission — one of the regulators that summoned the Ant executives — proposed new rules for online lenders. One in Shanghai and one in Hong Kong. Only a handful of investment banks or brokerages have published research reports on Ant Group ahead of the IPO. 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 … 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. 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. 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. What Happens if a Robinhood Stock Is Delisted. Alibaba , which owns one third of Ant Group, fell as … Ant Group’s initial public offering was unexpectedly halted by Chinese regulators on Tuesday, just 48 hours before it was to begin. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. By Hanna Ziady and Sherisse Pham, CNN Business, Updated 1651 GMT (0051 HKT) November 3, 2020. Ant Group is expected to release the pricing of its shares by Oct. 27. 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. Alipay is China’s largest mobile payments business operated by Ant Group. Julie Zhu and Scott Murdoch. 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. Ant Group suspends Hong Kong and Shanghai IPOs following Chinese regulatory disapproval. The debate and the Giants/Eagles game were distractions last night. 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. Ant Group IPO preparation comes amid rising tensions between China and the U.S. over issues spanning trade and politics. Ant Group will list on the Hong Kong stock exchange on Nov. 5, according to an exchange filing. The company started out providing mobile payment services through the Alipay brand. Publishing date: Oct 30, 2020 • Last Updated 28 days ago • 3 minute read. 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. 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, which was part of Alibaba before it was spun out into a separate vehicle, dominates mobile payments in China. The company has departed from the path of its former parent Alibaba, which listed its stock in Hong Kong in 2019. Julie Zhu and Scott Murdoch. 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. Ipo preparation comes amid rising tensions between China and three other financial regulators summoned Ma and two Ant 's. 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