Should you buy Ant Financial stock ahead of Alibaba’s IPO?
In short, this stock has been a monster and Ant Financial’s potential IPO only makes it more attractive. Alibaba holds a 33% stake in Ant Financial, which is seeking an IPO in Hong Kong. The company is looking at a valuation of more than $200 billion, with plans to sell 5% to 10% of its shares.
How much will the ant group IPO be worth?
Experts have worked to predict a valuation for the Ant Group IPO and it's nothing to be shy about. Based on reports that large Chinese investors are offering upwards of 69 yuan or about $10.29 as of Oct. 26 per share, the entire IPO could be worth as much as $35 billion.
What is Ant Financial’s valuation?
The most recent private market valuation for Ant Financial was $150 billion in a 2018 funding round. Warburg Pincus valued the company at $220 billion at the end of 2020, which was below the almost $320 billion that it was seeking in the IPO.
Will Ant Financial’s IPO be bigger than JPMorgan Chase?
If the IPO went ahead as planned, Ant Financial would have commanded a valuation higher than JPMorgan Chase, which is the largest U.S. bank. The most recent private market valuation for Ant Financial was $150 billion in a 2018 funding round.
Can I invest in IPO ant?
Learn more about the IPO of Ant Group and how you, as a typical investor, can invest in one of the world's most valuable financial technology companies. Ant Group is set to go through an initial public offering (IPO), selling its stock to the public for the first time.
What is Ant IPO price?
At its IPO pricing, Ant's valuation soared to about $315 billion, or over 31 times its forecast 2021 net profit. With the earnings impact of the revamp unknown, one investor said it valued Ant at about the same as the 2018 fundraising.
What happened to ant financial IPO?
Chairman Eric Jing said last year that the company would eventually go public, but as of June it said it had no plans to initiate an IPO yet. Ant has been recasting its business to meet the demands of China's watchdogs, who have pledged to curb the “reckless” push of technology firms into finance.
Can you buy Ant Group IPO in US?
Although Ant Group's stock will only be available on Chinese exchanges, US investors can still buy shares. In fact, there are four ways American investors can invest in Ant Group.
Does Alibaba own ant?
If a capital injection is required, Alibaba is likely to contribute only based on its 32.65% stake in Ant. All Fitch Ratings (Fitch) credit ratings are subject to certain limitations and disclaimers.
Is Ant Group publicly traded?
Ant Group, founded by billionaire Jack Ma, scrapped its IPO in November 2020 after regulators flagged concerns with the company.
Will Ant IPO come back?
The CSRC said in a statement late Thursday that it isn't conducting work on reviving the Ant IPO, although it supports eligible platform companies going public in China and overseas.
Will Ant IPO again?
"Ant's IPO is expected to restart, which will have a positive impact on the Hong Kong IPO market. And the restart of Ant's IPO indicates that relevant regulations may be relaxed, which will benefit the recovery of the IPO market in HK and increase investors' confidence in IPO investment as well."
Why did Ant Group IPO fail?
Hu's exit from the company comes as Ant is working on plans to shift to a financial holding company structure following intense regulatory pressure to subject it to rules and capital requirements similar to those for banks. That pressure abruptly scuttled Ant's IPO last year, which would have been the world's biggest.
How to buy Ant shares?
Capital at risk.Buy Alibaba shares. Another option for investors who want to purchase Ant Group stocks is to back its parent company, Alibaba. ... Buy ETFs. You can also indirectly add Ant Group stocks to your portfolio by investing in exchange-traded funds (ETFs) that track the stock.
How to buy Ant?
Follow the steps below to start buying ANT on Kraken:Sign up for a Kraken account. First, enter a valid email address, create a new username and set a strong password to protect your account.Verify your account. ... Deposit cash. ... Purchase ANT!
What is Ant Group ticker?
Ant Group Co Ltd (6688)
What is ant trade?
The “ant trade” is among the most important forms of illicit trafficking: numerous shipments of small numbers of weapons that, over time, result in the accumulation of large numbers of illicit weapons by unauthorized end users.
What is Ant group ticker?
Ant Group Co Ltd (6688)
Is Alipay publicly traded?
The company, the parent of the Alipay mobile payment service, priced its shares around $10.30 apiece, according to documents released on Monday by stock exchanges in the two cities.
How much did Ant Group raise in IPO?
Why is Ant closing its Hong Kong book building?
Ant Group raises $34 billion in world's largest IPO. Hong Kong/London (CNN Business) 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.
How much is Jack Ma worth?
Ant is closing its Hong Kong institutional book building on Wednesday, a day earlier than scheduled, because of strong demand from global institutional investors, a source familiar with the matter told CNN Business. The Hong Kong shares were oversubscribed within the first hour of pricing.
Is Ant Group going public?
Jack Ma isn't a stranger to setting the bar high. Alibaba has a market capitalization of $838.53 billion, while Ma's net worth is $51.4 billion. He is the second-richest man in China.
How much did Ant Group raise for its IPO?
In August, Ant Group announced that it's going public in Shanghai. The fintech company, formerly known as Ant Financial, has billionaire leadership from founder Jack Ma. He founded Alibaba, which went public in 2014. According to Ma, Ant Group has officially set the pricing terms for its IPO, which takes the company one step closer to the public domain.
What is Ant Financial?
Ant Group’s public offering would be the largest since oil giant Saudi Aramco raised just under $30 billion for its IPO in 2019, topping the previous record set by Alibaba Group five years earlier. This post has been updated.
Who owns Ant Group?
Ant Group, formerly Ant Financial, is the parent company of Alipay, the world’s largest platform for mobile and online payments. Originally launched in 2004, it helped pioneer digital commerce in China and today serves about 1.3 billion users globally, the company says. The firm was spun out of Alibaba in 2011.
How much money did Jack Ma raise?
Ant Group, the Chinese financial services company controlled by Alibaba founder Jack Ma, is set to raise a gargantuan $34 billion in what would be the world’s largest initial public offering.
Topline
The financial services company controlled by billionaire Jack Ma is set to raise a gargantuan $34 billion. Ant Group, the Chinese financial services company controlled by Alibaba founder Jack Ma, is set to raise a gargantuan $34 billion in what would be the world’s largest initial public offering.
Key Facts
The Shanghai Stock Exchange said Tuesday that it will suspend the initial public offering of Ant Group because of changes in the regulatory environment, Bloomberg first reported Tuesday—the sudden decision from Chinese regulators puts Ant Group’s record-breaking IPO in jeopardy.
Key Background
Ant Group is the fintech arm of Chinese e-commerce giant Alibaba, cofounded by billionaire Jack Ma.
Valuing Alibaba Stock
Ant Group is the owner of Alipay, a popular Chinese mobile payment app that had more than one billion active users as of June 2020. Alipay can be used in nearly every aspect of a user’s financial life, including making purchases, borrowing money, investing, saving and even buying insurance.
Trading BABA Stock
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