Ant Financial Ipo Prospectus


Ant Financial - Financial Services for Consumers and Small Business. Ant's prospectus gave investors the first look at the firm's financial health ahead of the IPO. IPO benefits to shareholders Companies include private and public ones. The company shelved the IPO due to regulatory and profitability issues. Ant Financial-backed Danke Apartment plans to raise USD 201 million via US IPO Its initial public offering price is set between USD14. Securities and Exchange Commission (SEC) for an initial public offering (IPO) on Monday. 7 billion) valuation and a US$30 billion (S$41. 67 billion Shanghai-listed A shares of Ant Group as part of a placement to strategic investors. In total, Ant has issued about 1. Ant Financial Services Group, the fintech subsidiary of Jack Ma's Alibaba Group, is set for an Initial Public Offering (IPO) on both the Hong Kong In the same vein, the IPO is also expected to help Ant Group to expand investments in technology and innovation, whilst partnering with investors to develop. Jack Ma’s Ant Group Co. Retail investors need to finalise and pay for the shares they have bid for by Friday, according to Ant's prospectus. Ant Group, the online payments arm of e-commerce giant Alibaba Group - Get Report, revealed plans on Monday for an initial public offering of stock in both Hong Kong and Shanghai that could mark. And only a tiny portion of that is from. About ANT Financial Stock. Initial Public Offering of Fully Paid Ordinary Shares. The underwriter releases an initial prospectus. Prospectus. The group is favouring long-term investors. Financial meaning of an IPO. CICC and China Securities are joint sponsors and underwriters of the Shanghai leg of the IPO. By Samuel Shen and Brenda Goh SHANGHAI - Pricing for Chinese fintech giant Ant Group's giant dual-listing was determined on Friday night, Alibaba founder Jack Ma said on Saturday. 4 billion leverage buyout (LBO), SunGard Financial Systems has filed a A provider of technology solutions for the financial industry, SunGard has built a wide base of products and customer types they support. Morgan and Goldman Sachs as sponsors of the share issue. As a Singaporean, if you are interested to invest in the IPO that’s set…. MANHATTAN BEACH, Calif. Depa United Group. Media reports that the company — which already holds the record for “largest-ever single private fundraise” for its $14 billion raise in 2018 — seeks to raise $30 billion. Source: Ant Group’s IPO prospectus. Ant Group to close institutional book of $17. The Alibaba-backed, financial technology firm on Tuesday filed for a dual Hong Kong-Shanghai listing, in what. Alibaba has plans for another blockbuster IPO. Ant said in its prospectus it is re-evaluating a planned further investment of $150 million in Zomato announced in January 2020, due a change in India’s foreign investment rules. 5 billion, one of the biggest funding rounds for a private internet company, while peer-to-peer lending and wealth. Uploaded by. Ant, backed by Chinese e-commerce giant Alibaba Group , plans to list. Unavailability of Electronic Means of Communication. 1 million shares, or 10 per cent of the deal, if the initial retail allocation is more than 20 times oversubscribed. On August 25th Ant Group, a Chinese financial-technology company, filed for a joint listing in This article appeared in the Finance & economics section of the print edition under the headline "Ant Group IPO filing shows its might". Ant Group set to surpass Aramco as biggest-ever IPO. Ant Financial has 7,711 employees across 21 locations and $21. Ant Financial Revisits IPO Amid Growth. Mr Ma’s Ant Group is asking buyers of what could be the world’s biggest-ever initial public offering to commit to the deal just days before the US presidential election. Ant-Backed Indian Food Delivery Startup Zomato Plans to Go Public. China's Ant Group submitted documents to the securities regulator for registration of the Shanghai portion of its IPO, the city's bourse said late on Tuesday, moving a step closer to a planned dual-listing expected to be worth about $35 billion. Ant is trying to launch its estimated $35bn initial public offering in Shanghai and Hong Kong before the November 3 US election. Prospectus. 4 billion raised by Saudi Aramaco and making it the largest ever. 5bn) in 2019, with Nongfu enjoying a 20% share, the largest of any company. 5 billion in a record-breaking IPO in both Shanghai and Hong Kong this week. Online finance has exploded in China in recent years, and Alipay has been a key driver. is set to raise about $34. The firm said in April that it expects to reach $1 billion in revenue this year. Some Chinese companies already listed in the U. Ant-Backed Indian Food Delivery Startup Zomato Plans to Go Public. Ant reported a 74 per cent jump in gross profit to 69. Tried, failed, trying again. The Hangzhou-based financial-technology giant is expected to file a revised IPO prospectus in Hong Kong in the coming days after receiving feedback from the city's exchange, The Wall Street. 23 and will set the price on Oct. In July 2018 the UK Financial Conduct Authority (FCA) introduced changes to the Conduct of Business sourcebook (COBS) to improve the timeliness of information made available to the market during a UK IPO. Alibaba founder Jack Ma says the dual initial public offering (IPO) listings of his fintech company Ant Group in Shanghai and Hong Kong will break the world record as the biggest listing in history. Initial Public Offering (IPO) can be defined as the process in which a private company or corporation can become public by selling a portion of its stake to the investors. Announces Pricing of $200 Million Initial Public Offering. Ant priced its Shanghai stock at 68. Ant Financial Services Group, the online payment provider backed by Alibaba Group Holding Ltd filed the prospectus for its IPO on Tuesday, unveiling some of the people who stand to win big from the listing. 5 billion yuan ($10. Against this backdrop, Ant identified cross-border expansion as one of the four uses for its IPO proceeds. source - Alibaba IPO Prospectus. Little did he know that just two decades later he would be the dominant player in a massive industry: according to Nongfu’s IPO prospectus, retail sales in China’s bottled water market rose to Rmb201. FILE PHOTO: Employees are seen at the reception desk of Ant Financial Services Group, Alibaba's financial affiliate, at its headquarters in Hangzhou, Zhejiang province, China January 24, 2018. HELP IPO Prospectus. Ant Group is a China-based financial technology company. Goldman Sachs has joined the growing list of investment banks working on Chinese financial technology firm Ant Group's mammoth initial public offering of up to $30 billion, two people with direct knowledge of the matter said. This includes the number of shares on offer, the price of shares, and the company's total valuation. The IPO is priced far higher than the typical range for clinical biopharma firms at IPO, so I'll watch it from the sidelines. The Ant IPO will enter the U. Ant Financial on Monday filed for an initial public offering in Hong Kong and Shanghai, after years of speculation and anticipation. An IPO prospectus, or admission document in the case of AIM listed comapnies, are hugely important. It is a stunning expression of China’s economic vigour and Jack Ma’s business success. Ant Group will close institutional order books of the Hong Kong portion of its record-setting dual IPO ahead of schedule due to strong demand, sources with direct knowledge of the matter said. and CSC Financial Co. What is Pre-IPO Prospectus?. WASHINGTON—Ant Technology Group launches its initial public offering ( IPO ) with a record share sale this week amid concerns over national security and the company's involvement in human rights abuses. 1 million shares, or 10% of the deal, if. In total, Ant has issued about 1. JUST IN: First look at Ant Group’s financials ahead of its massive IPO. HK)'s affiliate company Ant Group disclosed the pre-listing investor list. 5 billion in its dual listing after setting the price for its shares on Monday. Finance Magnates Telegram Channel. In its prospectus earlier this year, Ant Group said it has partnerships with more than 2,000 financial institutions. The platform aggregates numerous protocols. 23 and will set the price on Oct. 5 billion yuan ($10. 26, according to its updated prospectus filed with the local exchange. 5 billion in its Hong Kong share sale and won't seek to lock in cornerstone investors, confident there will be plenty of demand for one of the. The Alibaba-backed, financial technology firm on Tuesday filed for a dual Hong Kong-Shanghai listing, in what. Retail investors need to finalise and pay for the shares they have bid for by Friday, according to Ant's prospectus. Ant is the firm behind Alipay - the biggest player in China’s 62-trillion dollar mobile payments market. Two Chinese financial technology companies are going public at the same time, but their initial public offerings are looking pretty different. is set to raise $34. Both the government and Indian consumers appear to be growing wary of Chinese companies — Vivo pulled out of the sponsoring this year’s IPL following an online outrage which questioned how a Chinese company could. ↓ An investment bank the stock issue — guarantees to buy the shares if there are not enough other buyers. , Tung Chee-hwa's Family BABA-SW (09988. And only a tiny portion of that is from the U. On Monday, Ma's Ant Group priced its dual listing on the Hong Kong Stock Exchange and Shanghai's Star Market at 80 Hong Ant group describes its mission being to "enable all consumers and small businesses to have equal access to financial and other services through. A dive into the Ant Group prospectus illustrates one of the issues behind the listings war: a technical market-integrity fight that has become hijacked by geopolitics. 2 billion in net profit for the six months to June 2020, on revenue of RMB 72. 80 yuan ($14. FAQ Filing and Reporting Financial Reports FINRA's Financial Guiding Principles FINRA360 Progress Report Form From Small Firm Advisory Board (SFAB) Security Futures SEC's July 2013 Financial Responsibility Rule Amendments Senior Designations Senior Investors Shareholder Reports Short. It’s considering putting certain financial entities into the arm to help reduce the potential capital needed under the proposed rules, people familiar with. Ant said in its prospectus it is re-evaluating a planned further investment of $150 million in Zomato announced in January 2020, due a change in India’s foreign investment rules. In total, Ant has issued about 1. 67 billion shares apiece in Shanghai and Hong Kong at respective prices of 68. As the company writes, "platforms owned or operated by Alibaba work with Ant Financial to select companies to Zhong An's IPO prospectus offers a rich look into insurance and, more broadly, financial services innovation in China. So therefore it is important to go through the objects of issue as this will tell us how exactly. Blog - Cara Beli IPO Menggunakan Maybank2u. 3 per cent to $77. is set to raise about $34. MANHATTAN BEACH, Calif. Ant Financial is the highest valued fintech company in the world, and the world's most valuable unicorn company, with a valuation of US$150 billion. Ant Group — the crown jewel of billionaire Jack Ma's tech empire — is one step closer to its highly anticipated market IPO in Shanghai and Hong Kong. Source: Ant Group IPO Prospectus InvestmentTech China’s personal investable assets reached RMB 160 trillion in 2019, and estimated to grow to RMB 287 trillion at a CAGR of 10. 5 billion, representing a YoY increase of 38%, and implying a net profit margin close to 30%. 0 billion) IPO if the market conditions are conducive. This includes the number of shares on offer, the price of shares, and the company's total valuation. Ant Financial - Financial Services for Consumers and Small Business. "US shipping initial public offerings: Do prospectus and market information matter?," Transportation Research Part E: Logistics and Transportation Review "Organizational Virtue and Stakeholder Interdependence: An Empirical Examination of Financial Intermediaries and IPO Firms," Journal of. China's Ant Group submitted documents to the securities regulator for registration of the Shanghai portion of its IPO, the city's bourse said late on Tuesday, moving a step closer to a planned dual-listing expected to be worth about $35 billion. Retail investors need to finalise and pay for the shares they have bid for by Friday, according to Ant's prospectus. SS> dropped out of an IPO of rival JD Digits, an affiliate e-commerce company JD. 5 billion in a record-breaking IPO in both Shanghai and Hong Kong this week. Ant Group set to surpass Aramco as biggest-ever IPO. 26, according to its updated prospectus filed with the local exchange. 5 billion through initial public offerings in Shanghai and Hong Kong, a blockbuster listing that will rank as the biggest IPO ever and make it one of the most valuable finance firms on the planet. A private fundraising in 2018 valued Ant at $150 billion. election turbulence. 5 billion (S$47. Yet Alibaba shares in New York jumped 3. And only a tiny portion of that is from. Ant warned in its prospectus that rising U. Ant was set to conduct price consultations for the Shanghai offering on Oct. An Ant Group mascot is seen in Hangzhou, capital of Zhejiang province. Against this backdrop, Ant identified cross-border expansion as one of the four uses for its IPO proceeds. commonly accepted accounting methods, so its profit figures for Ant may differ from the results that Ant will release in its forthcoming listing prospectus. Ant Group to close institutional book of $17. (Redirected from Ant Financial). A guide to going public. A prospectus contains key facts and information about the offering to help investors make an informed decision. Ant Group Co. The draft prospectus shows leading financial institutions J. Ant Group will carry out a concurrent initial public offering (IPO) on the Shanghai Stock. is set to raise about $34. In its prospectus earlier this year, Ant Group said it has partnerships with more than 2,000 financial institutions. 23 -- Financial technology giant Ant Group has taken a further step toward a potential world record USD35 billion initial public offering in the Chinese mainland and Hong Kong. Ant Moves Closer to USD35 Billion IPO After Applying to Register in Shanghai (Yicai Global) Sept. 5 billion, exceeding the $29. Ant Group, the online payment provider backed by Alibaba Group filed the prospectus for its initial public offering (IPO) on Tuesday, unveiling some of the people who stand to win big from the. And now, their 2020 IPO opens up the opportunity for investors like you to get a piece of the valued $150 billion pie. Ant Financial is an online platform that offers micro-lending, digital banking, and payment solutions for businesses and individuals. Alibaba founder Jack Ma says the dual initial public offering (IPO) listings of his fintech company Ant Group in Shanghai and Hong Kong will break the world record as the biggest listing in history. 5 billion yuan ($2. In preparation for the IPO, Ant recruited three independent directors to its board this month, the prospectus noted, namely Peking University economist Huang Yiping, Hong Kong private equity. In anticipation of tighter rules, Ant is planning to apply for a financial holding license through its Zhejiang Finance Credit Network Technology Co. Ant, an arm of Chinese e-commerce giant Alibaba Group, did not disclose the size, timetable or other key details of the offering in its preliminary prospectus filed last week. 26, according to its updated prospectus filed with the local exchange. 5 billion through initial public offerings in Shanghai and Hong Kong, a blockbuster listing that will rank as the biggest IPO ever and make it one of the most valuable finance firms on the planet. Yesterday, ant group announced the IPO price, raising a total of US $34. China's Ant Group <688688. Ant’s 674-page prospectus makes for fascinating reading, and strikingly illustrates three key takeaways:. Such demand puts the much-anticipated IPO on track to surpass Saudi Aramco’s $29 billion sale last year. On Monday, Ma's Ant Group priced its dual listing on the Hong Kong Stock Exchange and Shanghai's Star Market at 80 Hong Ant group describes its mission being to "enable all consumers and small businesses to have equal access to financial and other services through. IPO investors usually look askance at IPOs where the money raised isn't being used by the Some hard-core financial types skip past many of the sections of the prospectus listed earlier and go The business section of the prospectus is the place where the company explains its reason for being. In anticipation of tighter rules, Ant is planning to apply for a financial holding license through its Zhejiang Finance Credit Network Technology Co. Demand has been so strong that the company will stop taking orders from institutional. Financial regulation in China can be notoriously difficult to navigate, as Ant alluded to in its prospectus : "These laws, rules and regulations are highly complex, continuously. It’s considering putting certain financial entities into the arm to help reduce the potential capital needed under the proposed rules, people familiar with the matter said last year. Alibaba will hold about 32 per cent of Ant shares after the IPO. 27) apiece and its Hong Kong shares at HK$80 ($10. 0 billion) IPO if the market conditions are conducive. financial giant rushes for IPO. China’s Ant Group To Raise $34 Billion In Biggest-Ever IPO Tyler Durden Mon, 10/26/2020 – 08:37. , which was co-founded by Ma and currently owns about a third of Ant, has agreed to subscribe for 730 million of the Shanghai shares, which will be listed in Shanghai under the ticker “688688,” according to the prospectus. by Ledger Insights Yesterday Ant Group, formerly Ant Financial, filed its preliminary Hong Kong IPO prospectus. 80 yuan ($14. Jack Ma’s Ant Group Co. Retail investors need to finalise and pay for the shares they have bid for by Friday, according to Ant's prospectus. Jack Ma’s fintech giant Ant Group is set to raise $34. The underwriter must put together a prospectus that includes all financial information on the. On Monday, Ma's Ant Group priced its dual listing on the Hong Kong Stock Exchange and Shanghai's Star Market at 80 Hong Ant group describes its mission being to "enable all consumers and small businesses to have equal access to financial and other services through. Ant's prospectus gave investors the first look at the firm's financial health ahead of the IPO. A quick trawl through Ant’s 674-page prospectus shows just how much attention this issue is consuming: “Regulation” appears almost 500 times. 43% of revenues in 2019 came from digital payment and merchant services, which houses the mobile payment services. Ant’s consumer lending balance was 1. Ant warned in its prospectus that rising U. Ahead of what’s likely to be the world’s largest initial public offering, China’s Ant Group Co Ltd is asking lead bankers to personally sign confidentiality pacts and pressing some investors to explain why they should be allowed to attend marketing meetings, sources. unit, according to its IPO prospectus. Yesterday Ant Group, formerly Ant Financial, filed its preliminary Hong Kong IPO prospectus. In its IPO prospectus, Ant said it had "adjusted" its business in the past due to regulatory requirements, and it might need to make more changes. filed the prospectus for its initial public offering Tuesday, unveiling some of the people who stand to win big from the. 5 billion) in the first half of the year, up nearly 40% compared to the same period in 2019. Ant, the owner of popular Chinese mobile-payments network Alipay and the. SS> will pay bankers selling its shares in Hong Kong up to $198 million in underwriting fees, its filings showed on Monday, in line with a trend of large issuers sharing. " Looking back at recent IPOs. 3 billion users worldwide. Jack Ma's Ant Group Co. Ant Group will now proceed with a roadshow to market the IPO to traders and can worth the shares on Oct. Monthly Performance Report. Secrecy and speed: Inside Ant Group’s unusual IPO process. The Secret Guide To IPOs. Ant Financial Services Group, the online payment provider backed by Alibaba Group Holding Ltd filed the prospectus for its IPO on Tuesday, unveiling some of the people who stand to win big from the listing. Photo credit: Ant Financial According to its prospectus, Ant has reached over one billion annual active users and 711 million monthly active users, as well as 80 million monthly active merchants. Morgan and Goldman Sachs as sponsors of the share issue. 5 billion) in the first half of the year, up nearly 40% compared to the same period in 2019. In total, Ant has issued about 1. Ant, which is 33% owned by Alibaba, filed updated prospectuses for the proposed IPO with the two exchanges overnight and said it plans to price the Shanghai portion of the sale on Oct. SE> paid its 25-strong. Founded by the Alibaba group, it allows individuals and businesses to execute payments online in a secure manner. Jack Ma's Ant Financial is said to target a $225 billion valuation in an IPO. Ant Financial - Financial Services for Consumers and Small Business. Yesterday, ant group announced the IPO price, raising a total of US $34. For retirement plan sponsors, consultants, and nonprofit representatives. It is a stunning expression of China’s economic vigour and Jack Ma’s business success. Also, the company is also expected to sell about 11 per cent of its shares in the IPO. However, the company remains undecided on whether or not it will follow through with an IPO should it prove to be a viable option. China's Ant Group submitted documents to the securities regulator for registration of the Shanghai portion of its IPO, the city's bourse said late on Tuesday, moving a step closer to a planned dual-listing expected to be worth about $35 billion. The firm said in April that it expects to reach $1 billion in revenue this year. A company can be incorporated by just about anyone. Overview Upcoming IPOs Past IPOs Open IPOs. While demand for Lufax's IPO is also strong, that is perhaps where the similarities end. (NASDAQ: ACACU, the. In its prospectus earlier this year, Ant Group said it has partnerships with more than 2,000 financial institutions. Ant has picked China International Capital and CSC Financial Co. According to the prospectus for its dual Hong Kong and Shanghai listing that is set to raise at least $34. is set to raise $34. election turbulence. Ant IPO pricing was determined on Friday, Alibaba founder Jack Ma says It is the first time pricing of the initial public offering, which sources have said could be a world record $35 billion, has been determined outside New York, he told the Bund Summit in the eastern financial hub of Shanghai. 2We do not offer grey markets on all IPOs. Ant Group’s prospectus outlines the company made RMB 21. txt) or read book online for free. Ant Group will close institutional order books of the Hong Kong portion of its record-setting dual IPO ahead of schedule due to strong demand, sources with direct knowledge of the matter said. -China trade tension could threaten its business as it gears up for the IPO. Ant Group's public offering would be the largest since oil giant Saudi Aramco. has set the price for its initial public offering in Shanghai, paving the way for a blockbuster sale that may give the Chinese fintech giant a valuation higher than. unit, according to its IPO prospectus. , which was co-founded by Ma and currently owns about a third of Ant, has agreed to subscribe for 730 million of the Shanghai shares, which will be listed in Shanghai under the ticker “688688,” according to the prospectus. I am wondering who actually prepares the IPO prospectus of a company, especially regarding the company strategy, competitive advantage, and potential risk sectionsetc. The one-week gap in Hong Kong between the pricing of an IPO and the start of trading means investors would be left exposed to an increase in market volatility. Ant is said to be targeting a valuation of $250 billion, which would make it one of the world’s most valuable financial firms ahead of Bank of America Corp. What is Pre-IPO Prospectus?. 53 billion RMB ($10. China’s Ant Group (螞蟻集團) could raise up to US$17. (REUTERS) China's securities regulator is probing a potential conflict of interest in fintech giant Ant Group's planned $35 billion stock listing, delaying approval for what could be the world's largest IPO, three people with direct knowledge of the. 5 billion in A-share and H-share markets, and Ma Yun also jumped to No. „Ant is currently the world's most valuable technology startup, and it is likely to break Banks handling the deal plan to start formal marketing of Ant's shares to investors around the world on Thursday. HK, before it was granted a role in Ant's listing, three sources familiar with the. Media reports that the company — which already holds the record for “largest-ever single private fundraise” for its $14 billion raise in 2018 — seeks to raise $30 billion. From 2014 to 2018, Ant Financial has invested 120 times, involving 110 companies and covering 19 industries. IPO pricing Trading Ideas. Jack Ma’s fintech giant Ant Group is set to raise $34. The company, which filed its preliminary prospectus in late August, is expected to be listed in October. 23 -- Financial technology giant Ant Group has taken a further step toward a potential world record USD35 billion initial public offering in the Chinese mainland and Hong Kong. Ant, the owner of popular Chinese mobile-payments network Alipay and the. 3 billion) valuation and a US$34. The IPO of Ant, already the world's most valuable unicorn - or billion-dollar unlisted tech firm - would be the first simultaneous listing in Hong Kong and Shanghai's year-old STAR Market. The Ant IPO will enter the U. Overview Upcoming IPOs Past IPOs Open IPOs. The Ant Group IPO will be simultaneously listed on the Hong Kong and Shanghai exchanges. ANTS ARE normally small but mighty. Morgan and Morgan Stanley are heading the Hong Kong offering. 4 billion leverage buyout (LBO), SunGard Financial Systems has filed a A provider of technology solutions for the financial industry, SunGard has built a wide base of products and customer types they support. Other top shareholders include: Lucy Peng, whose stake could be worth $4. According to Ant's IPO prospectus, it gets less than 5 per cent of its revenue from outside China. and Morgan Stanley are heading the Hong Kong offering. 8% stake, he will remain firmly in control of Ant Group. Alibaba owns a 33% stake in Ant Financial, and its founder Jack Ma still holds a controlling stake. The IPO could peg Ant Group at more than US$200 billion, more valuable than state-owned China Construction Bank and just shy of Bank of America China’s richest man Jack Ma effectively controls. is set to raise about $34. See insights on Ant Financial including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. Saudi Aramco <2222. Ant Group — the crown jewel of billionaire Jack Ma's tech empire — is one step closer to its highly anticipated market IPO in Shanghai and Hong Kong. According to Ant Group's IPO prospectus, the total number of new shares issued in the company's two IPOs shall be no less than 10 percent of the total share capital of no less than 30,038. 5 billion) in the first half of the year, up nearly 40% compared to the same period in 2019. Company Name. Strategic investors whose investments in Ant ‘s STAR IPO will be locked up for at least 12 months, will account for 80% of the domestic float. MANHATTAN BEACH, Calif. The rating merely reflects the opinion of the professionals at the time of publication and is subject to last-minute changes due to market conditions, changes in a specific offering and other factors, such as changes in the proposed offering terms and the shifting of. IPO in Shanghai and Hong Kong The Ant Group plans to go public in Shanghai and Hong Kong at the same time. 4bil float last December. IPO tracks a market cap-weighted index of recent US-listed IPOs. Ant Group is an online payments powerhouse that grew out of Alibaba, China’s answer to Amazon. 5bn yuan ($10. Secrecy and speed: Inside Ant Group’s unusual IPO process. ANTS ARE normally small but mighty. Hangzhou-based Ant plans to offer 1. Tried, failed, trying again. IPO rumors have been swirling about Ping An-backed Lufax, Ping An’s fintech arm OneConnect, and Alibaba’s Ant Financial. Ant Group set to surpass Aramco as biggest-ever IPO. Ant Group — the crown jewel of billionaire Jack Ma's tech empire — is one step closer to its highly anticipated market IPO in Shanghai and Hong Kong. The payday for banks on Ant's Hong Kong flotation is, however, slightly better than the company it is about to dethrone as the world's largest IPO to date. China’s Ant Group (螞蟻集團) could raise up to US$17. 5bn through initial public offerings in Shanghai and Hong Kong – a listing that will. Secrecy and speed: Inside Ant Group’s unusual IPO process. CKH Series of Co. Chinese online micro-credit provider Qudian Inc. Jack Ma’s fintech giant Ant Group is set to raise $34. The Ant Group IPO, unlike the IPOs of previous Chinese tech giants, will skip a listing in the financial center of the world amid escalating U. The financial technology firm, backed by China. 80 yuan ($14. Announces Pricing of $200 Million Initial Public Offering. Goldman Sachs has joined the growing list of investment banks working on Chinese financial technology firm Ant Group’s mammoth initial public offering of up to $30 billion, two people with direct knowledge of the matter said. China’s Ant Group has cleared the final hurdle for its $30bn initial public offering, after receiving approval from Hong Kong’s bourse ahead of what is set to be the world’s biggest-ever. have pursued secondary listings. IPO Fund Description. and CSC Financial Co. commonly accepted accounting methods, so its profit figures for Ant may differ from the results that Ant will release in its forthcoming listing prospectus. Ant Group has breezed past ramped-up expectations, pricing its shares at 68. Background: • It used to be called Ant Financial Services and it’s a partially owned subsidiary of Alibaba Group Holdings. Ant was set to conduct price consultations for the Shanghai offering on Oct. 5 billion in its dual public listing in Shanghai and Hong. 5bn through initial public offerings in Shanghai and Hong Kong – a listing that will. 4 billion leverage buyout (LBO), SunGard Financial Systems has filed a A provider of technology solutions for the financial industry, SunGard has built a wide base of products and customer types they support. It is likely to be the largest in global financial history. FangDD's prospectus reveals that, after reaching slight profitability in 2017, the company's profitability has rapidly grown from 2018 to present. A dive into the Ant Group prospectus illustrates one of the issues behind the listings war: a technical market-integrity fight that has become hijacked by geopolitics. And now, their 2020 IPO opens up the opportunity for investors like you to get a piece of the valued $150 billion pie. Ant Group will close institutional order books of the Hong Kong portion of its record-setting dual IPO ahead of schedule due to strong demand, sources with direct knowledge of the matter said. Demand has been so strong that the company will stop taking orders from institutional. Mr Ma’s Ant Group is asking buyers of what could be the world’s biggest-ever initial public offering to commit to the deal just days before the US presidential election. unit, according to the prospectus for its initial public offering released last month. But it also could inform. Finance Magnates Telegram Channel. IPO investors usually look askance at IPOs where the money raised isn't being used by the Some hard-core financial types skip past many of the sections of the prospectus listed earlier and go The business section of the prospectus is the place where the company explains its reason for being. Ant Financial - Financial Services for Consumers and Small Business. Ant Group is an online payments powerhouse that grew out of Alibaba, China’s answer to Amazon. Breaking News. 螞蟻科技集團股份有限公司 (A joint stock company incorporated in the People’s Republic of China with limited liability) WARNING The publication of this Application Proof is required by The Stock Exchange of Hong Kong Limited (the. Ant Group has breezed past ramped-up expectations, pricing its shares at 68. Saudi Aramco <2222. Source: Draft. A dive into the Ant Group prospectus illustrates one of the issues behind the listings war: a. (10 Anson Rd, #10-11, International Plaza). Ant Group Will Push China IPOs to Record $75 Billion This Year. Find what you should be looking out for in them here. Ant, the fintech company backed by Chinese e-commerce group Alibaba Group Holding , plans to list. The top-ranked banks in a Hong Kong IPO are known as sponsors and carry legal liability for the accuracy of the prospectus. As disclosed in detail in Alibaba Group’s prospectus for its initial public offering in September 2014 (the “IPO”), in connection with the Restructuring, Alibaba Group and Ant Financial entered into a share and asset purchase agreement (the “SAPA”), and entered into or amended certain ancillary agreements in August 2014, which. Ant Financial Services Group, the online payment provider backed by Alibaba Group Holding Ltd filed the prospectus for its IPO on Tuesday, unveiling some of the people who stand to win big from the listing. Pricing for Chinese fintech giant Ant Group’s giant dual-listing was determined on Friday night, Alibaba founder Jack Ma said on Saturday. Existing Ant shareholders won't be able to sell shares for six months, according to the filings. One area to watch will be Zhong An’s health insurance products. A listing on the Nasdaq or the NYSE would be risky due to rising tensions between the U. MAS Financial Services plans IPO, files draft prospectus. Ant picked China International Capital Corp. Ant will issue no more than 1. That's fitting of the world's most valuable private tech unicorn. Ant Group has breezed past ramped-up expectations, pricing its shares at 68. Ant has picked China International Capital and CSC Financial Co. Ant Group will now proceed with a roadshow to market the IPO to traders and can worth the shares on Oct. A company can be incorporated by just about anyone. 80 yuan ($10. Many tech startups lure employees with stock incentives that become lucrative when the company successfully completes an IPO. have pursued secondary listings. Overall, I think Ant Group has an exciting future ahead of it and long-term investors should keep an eye on the company’s upcoming IPO. Ant lifted its IPO target based on an increased valuation of about $250 billion, up from previous estimates of $225 billion, said the people, who asked not to be identified discussing private. , and our comprehensive analysis, click "Buy Market Research. Ant’s public offering will be split between the Hong Kong Stock Exchange and the Shanghai Stock Exchange. 5 billion through initial public offerings in Shanghai and Hong Kong, a blockbuster listing that will rank as the biggest IPO ever and make it one of the most valuable finance firms on the planet. Ant Financial in its IPO prospectus had claimed to have significant influence over Paytm via a 33% stake in Paytm’s parent company One97. Financial Advisor to Company Further details are set forth in "Structure of the H Share IPO" and "How to Apply for the Hong Kong Offer Shares" in this document. Ant Group’s public offering would be the largest since oil giant Saudi Aramco. Ant Group will now proceed with a roadshow to market the IPO to investors and will price the shares on Oct. Ant financial ipo prospectus. Ant said in its updated prospectus released late on Tuesday that several existing mutual fund products will also participate in its IPO share placement as strategic investors. Before an IPO, the company is said to be private, with only a small number of shareholders that are mainly made up of early and professional investors. Are we missing an IPO? Help our community by making a submission. In anticipation of tighter rules, Ant plans to apply for a financial holding license through its Zhejiang Finance Credit Network Technology Co. 5 billion in its Hong Kong share sale and won't seek to lock in cornerstone investors, confident there will be plenty of demand for one of the. hk/app/sehk/2020/102484/documents/sehk20082500535. Investing in IPOs can be a smart move if you are an informed investor. 50 and USD16. Finance Magnates Telegram Channel. In preparation for the IPO, Ant recruited three independent directors to its board this month, the prospectus noted, namely Peking University economist Huang Yiping, Hong Kong private equity. Alibaba has a 33% stake in Ant Group. Ant Group will now proceed with a roadshow to market the IPO to traders and can worth the shares on Oct. China's Ant Group could raise up to $17. Institutional investors. In total, Ant has issued about 1. Pricing for Chinese fintech giant Ant Group's giant dual-listing was determined on Friday night, Alibaba founder Jack Ma said on Saturday. , Tung Chee-hwa's Family BABA-SW (09988. In anticipation of tighter rules, Ant is planning to apply for a financial holding licence through its Zhejiang Finance Credit Network Technology unit, according to its IPO prospectus. Ant Group, the online payment provider backed by Alibaba Group Holding filed the prospectus for its initial public offering Tuesday, unveiling some of the people who stand to win big from the listing. , October 23, 2020 (BUSINESS WIRE) -- Acies Acquisition Corp. Ant Financial Stock Ipo Date. Starting as a payments processor in 2004, Ant built an empire by offering its users short-term loans that are credited within minutes and selling. 15 billion) from the Shanghai part of its dual-listing, which is set to be the biggest initial public offering (IPO) in China, eclipsing Agricultural Bank of China's 601288. In the ATEC, both the CEO and VP of Ant Financial […]. CreditAly Song/Reuters. 80 yuan ($14. Alibaba said it will buy 730 million of about 1. Ant is the firm behind Alipay - the biggest player in China’s 62-trillion dollar mobile payments market. Box 21154, Mesa, AZ 85277. capital markets through the unguarded, undisciplined "backdoor" of indexes and exchange-traded funds, exposing unwitting American investors to material risks that. Demand has been so strong that the company will stop taking orders from institutional. The prospectus describes an early stage growth company, that books film and TV project development and production expenses as pure cost in its profit and loss statement. Against this backdrop, Ant identified cross-border expansion as one of the four uses for its IPO proceeds. 蚂蚁集团是一家旨在为世界带来普惠金融服务和数字生活新服务的创新型科技企业。. At a meeting held on June 23, the NSE board had expressed its desire to file the draft red herring prospectus by January. Welcome to ant. The IPO of Ant, already the world's most valuable unicorn - or billion-dollar unlisted tech firm - would be the first simultaneous listing in Hong Kong and Shanghai's year-old STAR Market. Ant is trying to launch its estimated $35bn initial public offering in Shanghai and Hong Kong before the November 3 US election. Ein genaues Datum ist nicht genannt aber es verdichten sich die Hinweise, dass es schon im September oder Oktober so weit sein könnte. 4 hours Apple reportedly bought a video AI startup for $50. But it also could inform. 8 yuan ($10. Ant Group (Chinese: 蚂蚁金服; pinyin: Mǎyǐ jīn fú), formerly known as Ant Financial and Alipay, is an affiliate company of the Chinese Alibaba Group. is set to raise about $34. A company can be incorporated by just about anyone. The IPO will also be the first simultaneous listing on the STAR market a year ago in Hong Kong and Shanghai. The fintech group aims to. Find upcoming IPO calendar 2020 with latest / current IPO and the forthcoming IPO who filed DRHP with SEBI. The IPO would also be the first simultaneous listing in Hong Kong and on the year-old STAR Market in Shanghai. Ant Group is a payments and fintech behemoth with massive scale and breadth of revenue; 2. 5 billion yuan ($10. Here is the list of Upcoming IPO in 2020 in India. Ant warned in its prospectus that rising U. A dive into the Ant Group prospectus illustrates one of the issues behind the listings war: a technical market-integrity fight that has become hijacked by geopolitics. 3 billion) valuation and a US$34. A stock's market price in an initial public offering does not necessarily reflect what the shares are worth. CICC, Citigroup Inc. 23 -- Financial technology giant Ant Group has taken a further step toward a potential world record USD35 billion initial public offering in the Chinese mainland and Hong Kong. 5 billion in a record-breaking IPO in both Shanghai and Hong Kong this week. In July 2018 the UK Financial Conduct Authority (FCA) introduced changes to the Conduct of Business sourcebook (COBS) to improve the timeliness of information made available to the market during a UK IPO. Ant Group is making room for China’s state pension fund, the National Social Security Fund (NSSF), to buy shares during the financial technology giant’s blockbuster initial public offering (IPO) in the coming weeks, according to people familiar with the matter. Alibaba founder Jack Ma says the dual initial public offering (IPO) listings of his fintech company Ant Group in Shanghai and Hong Kong will break the world record as the biggest listing in history. Chinese consumers buy on Taobao Marketplace, Tmall, and. Ant Financial Services Group, the online payment provider backed by Alibaba Group Holding Ltd filed the prospectus for its IPO on Tuesday, unveiling some of the people who stand to win big from the listing. The prospectus paints a picture of a fast growing company with more than a billion annual users for its services, with Alipay as the key brand. 'The public' is individuals that were not involved. The company, which filed its preliminary prospectus in late August, is expected to be listed in October. Ant Financial IPO rumors surfaced back in 2018. Ant was set to conduct price consultations for the Shanghai offering on Oct. 50 b in total funding,. Ant Group -- known until this year as Ant Financial -- was established in its current form in 2014, after originally being set up as the payment unit of Alibaba Group Holding. 8 billion) in the first four months of 2018, doubling that of 2017 for the same period. Demand has been so strong that the company will stop taking orders from institutional. Ahead of what’s likely to be the world’s largest initial public offering, China’s Ant Group Co Ltd is asking lead bankers to personally sign confidentiality pacts and pressing some investors to explain why they should be allowed to attend marketing meetings, sources. could curb the potential for growth in the future. Ant Group Nears Giant IPO After Green Light From Hong Kong’s Exchange Financial-technology giant is expected to file a revised IPO prospectus in the coming days. • competitive advantages and disadvantages, our prior experience on similar projects, financial considerations and source of project funding; and. 80 yuan ($14. Retail investors need to finalise and pay for the shares they have bid for by Friday, according to Ant's prospectus. 5 billion in A-share and H-share markets, and Ma Yun also jumped to No. Investing in IPOs can be a smart move if you are an informed investor. By then, the company would have its financial data for the year ended December 31, 2019. Prospectus. As the company writes, "platforms owned or operated by Alibaba work with Ant Financial to select companies to Zhong An's IPO prospectus offers a rich look into insurance and, more broadly, financial services innovation in China. is set to raise about $34. 80 yuan ($14. The financial technology firm, backed by China. has filed a prospectus to raise up to US$750 million in an initial public offering on the New York Stock ant financial, BlueRun Ventures, kunlun group, qudian, Source Code. That quantities to 11% of its complete excellent shares post-IPO. Ant will sell 1,336,564,800 shares to strategic investors, or 80 per cent of total A-shares pre-greenshoe. On Wednesday, the China Securities Regulatory Commission gave the green light for Ant Group’s dual Shanghai and Hong Kong listing to go ahead. The prospectus paints a picture of a fast growing company with more than a billion annual users for its services, with Alipay as the key brand. This business model is similar to that of Shanghai-based Q&K, which filed for an IPO earlier this month. The draft prospectus shows leading financial institutions J. The company I have set up an account with is called Birch Century International based in Hong Kong. Retail investors need to finalise and pay for the shares they have bid for by Friday, according to Ant's prospectus. Although Ant Financial is not a publicly traded company, investors can gain partial exposure by purchasing shares of Alibaba which holds a 33% stake in Ant. Ant's prospectus gave investors the first look at the firm's financial health ahead of the IPO. could curb the potential for growth in the future. 5bn through initial public offerings in Shanghai and Hong Kong – a listing that will. 5 billion in a record-breaking IPO in both Shanghai and Hong Kong this week. Since Ant Financial is a private company and hasn't publicly filed, financial information is hard to find. has set the price for its initial public offering in Shanghai, paving the way for a blockbuster sale that may give the Chinese fintech giant a valuation higher than. Ant’s consumer lending balance was 1. financial institution, ANT Financial, which is gearing up for an initial public offering, had made the declaration in its draft prospectus in August. According to the updated IPO, Meituan posted a revenue of $2. By Samuel Shen and Brenda Goh SHANGHAI - Pricing for Chinese fintech giant Ant Group's giant dual-listing was determined on Friday night, Alibaba founder Jack Ma said on Saturday. Definition of Pre-IPO Prospectus in the Financial Dictionary - by Free online English dictionary and encyclopedia. He has become a lender, insurer and broker all in one. According to Bloomberg, Ant Group is shooting for a US$225 billion ($S307. Media reports that the company — which already holds the record for “largest-ever single private fundraise” for its $14 billion raise in 2018 — seeks to raise $30 billion. is set to raise about $34. Ant's prospectus gave investors the first look at the firm's financial health ahead of the IPO. Securities and Exchange Commission (SEC) for an initial public offering (IPO) on Monday. 5bn yuan ($10. • competitive advantages and disadvantages, our prior experience on similar projects, financial considerations and source of project funding; and. Ant is trying to launch its estimated $35bn initial public offering in Shanghai and Hong Kong before the November 3 US election. PBOC did not respond to Reuters request for comment. Retail investors need to finalise and pay for the shares they have bid for by Friday, according to Ant's prospectus. HELP IPO Prospectus - Free ebook download as PDF File (. Ant said in its updated prospectus released late on Tuesday that several existing mutual fund products will also participate in its IPO share placement as strategic investors. Ant warned in its prospectus that rising U. Ant said in its prospectus it is re-evaluating a planned further investment of $150 million in Zomato announced in January 2020, due a change in India’s foreign investment rules. In an initial public offering (IPO) set to be debuted on two stock exchanges, Chinese fintech firm Ant Financial Service Group is set to raise capital to further its course. ANT GROUP CO. Jack Ma's Ant Group Co. However, the company remains undecided on whether or not it will follow through with an IPO should it prove to be a viable option. The Alipay app boasted 731 million monthly active users at the end of September, up from 711 million at the end of June, according to unaudited financial data disclosed in the latest prospectus. For the 6 months ended June 30: REVENUE: 72. 67 billion shares in the Shanghai float, which is set to be the biggest IPO in China, eclipsing the record set by Agricultural Bank of China (OTC: ACGBF)'s (SS: 601288. Price at ClickIPO Securities, LLC P. The firm said in April that it expects to reach $1 billion in revenue this year. Ant Group set to surpass Aramco as biggest-ever IPO. filed the prospectus for its initial public offering Tuesday, unveiling some of the people who stand to win big from the. which filed its prospectus for a mega initial public offering (IPO) on Tuesday, will. JUST IN: First look at Ant Group’s financials ahead of its massive IPO. 5 billion, one of the biggest funding rounds for a private internet company, while peer-to-peer lending and wealth. 16 billion Hong Kong-listed or H shares to Alibaba, part of a distribution of about 3. 78 billion) in the nine-months to September, up 42. 5 billion in A-share and H-share markets, and Ma Yun also jumped to No. Last year, Ant Financial, the world's most-valuable fintech company, raised $4. 78 billion) in the nine-months to September, up 42. Ant Group will close institutional order books of the Hong Kong portion of its record-setting dual IPO ahead of schedule due to strong demand, sources with direct knowledge of the matter said. In its IPO prospectus, Ant said it had "adjusted" its business in the past due to regulatory requirements, and it might need to make more changes. Ant Group Co. But it can tell you a lot about a company's intentions. Initial public offerings underperform in the long run; however, there is very little evidence on their cross-sectional variation. Mastercard is was worth about $330 billion as of Friday’s close. Ant Financial - Financial Services for Consumers and Small Business. Some Chinese companies already listed in the U. Jack Ma’s fintech giant Ant Group is set to raise $34. Potential investors should be aware of the differences in the. 3 billion in the Shanghai leg of the likely $35 billion dual listing, the world’s largest ever, after some large investors submitted bids in the range of 68-69 yuan per share, people with knowledge of the matter said. Ant Group has breezed past ramped-up expectations, pricing its shares at 68. It is a stunning expression of China’s economic vigour and Jack Ma’s business success. Before an IPO, the company is said to be private, with only a small number of shareholders that are mainly made up of early and professional investors. Ant group financials has shown a gradual shift in revenue stream, moving from Digital payments and merchant services to Digital Finance technology platform. 23 and will set the price on Oct. Ein genaues Datum ist nicht genannt aber es verdichten sich die Hinweise, dass es schon im September oder Oktober so weit sein könnte. Blog - Cara Beli IPO Menggunakan Maybank2u. Quiet and lock-up period dates. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/ VANCOUVER, British Columbia — BBTV Holdings Inc. (Reuters) — Chinese AI firm Megvii Technology, backed by Alibaba, has filed in Hong Kong to conduct an IPO targeting proceeds of at least $500 million, two people said, just as the city faces. Das Ant Financial-IPO rückt näher. Jack Ma's Ant Group Co. unit, according to the prospectus for its initial public offering released last month. If you need an ininital public offering attorney or to be listed on a stock exchange and need a securities attorney feel free to reach out to us. An initial public offering is when a company first sells stock to raise more capital. IPO Fund Description. IPO Prospectus Exposure @ SC. Danke Apartment, a Chinese Internet-enabled rental housing platform, has filed an F-1 prospectus to the U. ET Now’s Nayantara Rai discusses this with 3one4 Capital’s Founding Partner Siddharth Pai and serial entrepreneur K Ganesh. Ant Group, the financial affiliate of Ma's e-commerce company Alibaba (BABA), filed this week to list its shares in Hong Kong and on Shanghai's Star Market The Hangzhou-based company's decision to IPO in Hong Kong and Shanghai comes as relations between the United States and China are rapidly. Ant Group, the online payment provider backed by Alibaba Group Holding Ltd. Ant Group set to surpass Aramco as biggest-ever IPO. -China trade tensions. Jack Ma’s fintech giant Ant Group is set to raise $34. IPO investors usually look askance at IPOs where the money raised isn't being used by the Some hard-core financial types skip past many of the sections of the prospectus listed earlier and go The business section of the prospectus is the place where the company explains its reason for being. 5 billion, representing a YoY increase of 38%, and implying a net profit margin close to 30%. The company I have set up an account with is called Birch Century International based in Hong Kong. HONG KONG (Reuters) - Ant Group, Alibaba's fintech arm and China's dominant mobile payments firm, filed for a dual listing in Hong Kong and on Shanghai's Nasdaq-style STAR Market on Tuesday and. Ant Group has breezed past ramped-up expectations, pricing its shares at 68. It is the first time pricing of the initial public offering, which sources have said could be a world record $35 billion, has been determined outside New York, he told the Bund Summit in the eastern financial hub of Shanghai. Ant has picked China International Capital Corp and CSC Financial Co to lead its Shanghai leg of the IPO. More than 80 million merchants used Alipay to conduct business and Ant partnered with more than 2,000 financial institutions. Mr Ma’s Ant Group is asking buyers of what could be the world’s biggest-ever initial public offering to commit to the deal just days before the US presidential election. Ant Financial on Monday filed for an initial public offering in Hong Kong and Shanghai, after years of speculation and anticipation. 5 percent from 2015 to 2017, said Shanghai Securities. The prospectus paints a picture of a fast growing company with more than a billion annual users for its services, with Alipay as the key brand. The company said revenue was 72. HONG KONG (Reuters Breakingviews) - China’s Ant can gobble up a $200 billion valuation. , a person familiar has said. ANTS ARE normally small but mighty. unit, according to its IPO prospectus. Demand has been so strong that the company will stop taking orders from institutional. 97 million shares after the issuance of A-shares and H-shares. Ant, backed by Chinese e-commerce giant Alibaba Group , plans to list. It is a stunning expression of China’s economic vigour and Jack Ma’s business success. It is estimated to be worth more than $200 billion, meaning its listing could be one of the biggest in history. Megvii planned to give an updated prospectus after the Chinese Lunar New Year. Jack Ma’s Ant Group Co. As disclosed in detail in Alibaba Group's prospectus for its initial public offering in September 2014 (the "IPO"), in connection with the Restructuring, Alibaba Group and Ant Financial entered into a share and asset purchase agreement (the "SAPA"), and entered into or amended certain ancillary agreements in August 2014, which. Jack Ma’s fintech giant Ant Group is set to raise $34. Those are pretty high level and strategic things, and I would expect the information to be accurate only if it comes directly from. 4 billion float last December. aug 25 (reuters) - ant group: * files hong kong ipo prospectus * joint sponsors for hk listing are jp morgan, morgan stanley and cicc * did not disclose proposed size of hong kong listing * citigroup also joint sponsor for hk listing; financial adivsor to co ampere partners. -China trade tension could threaten its business as it gears up for the IPO. Ant Group is looking for a dual listing IPO in Shanghai and Hong Kong. Danke Apartment, a Chinese Internet-enabled rental housing platform, has filed an F-1 prospectus to the U. HELP IPO Prospectus - Free ebook download as PDF File (. CICC, Citigroup Inc, JPMorgan and Morgan Stanley are heading the Hong Kong offering. to lead the Shanghai leg of the IPO. 5 billion in A-share and H-share markets, and Ma Yun also jumped to No. Separately, five Chinese asset managers said in their respective statements they would start raising up to 60 billion yuan ($8. , a person familiar has said. financial giant rushes for IPO. Many tech startups lure employees with stock incentives that become lucrative when the company successfully completes an IPO. For our 708 readers, please make sure you sign up below and identify yourself for access to suitable offers. Lufax, one of China’s biggest wealth management platforms, filed for an initial public offering in the US on Thursday. Ant Group's public offering would be the largest since oil giant Saudi Aramco. Ant Group Co. In its prospectus earlier this year, Ant Group said it has partnerships with more than 2,000 financial institutions. Ant Group, the online payment provider backed by Alibaba Group filed the prospectus for its initial public offering (IPO) on Tuesday, unveiling some of the people who stand to win big from the. Yet it is uncertain how much the mining giant will be valued at in the end. The prospectus describes an early stage growth company, that books film and TV project development and production expenses as pure cost in its profit and loss statement. 8 billion) in the first four months of 2018, doubling that of 2017 for the same period. This includes the number of shares on offer, the price of shares, and the company's total valuation. A private fundraising in 2018 valued Ant at $150 billion. It's also a passive aggressive escalation of China-U. 5 billion) in the first half of the year, up. Breaking News. According to Bloomberg, Ant Group is shooting for a US$225 billion ($S307. , a person familiar has said. In its prospectus earlier this year, Ant Group said it has partnerships with more than 2,000 financial institutions. PBOC did not respond to Reuters request for comment. List of upcoming IPOs in india, IPO tradings basics. Existing Ant shareholders won't be able to sell shares for six months, according to the filings. 2 billion Hong Kong IPO early: sources. It’s considering putting certain financial entities into the arm to help reduce the potential capital needed under the proposed rules, people familiar with the matter said last year. The investment bankers managing the NSE IPO are Citi, JM Financial, Kotak Mahindra Capital, Morgan Stanley, HDFC Bank, ICICI Securities, IDFC and IIFL. 5 percent from 2015 to 2017, said Shanghai Securities. Jack Ma’s fintech giant Ant Group is set to raise $34. There are four pros and four cons. IPO Prospectus Exposure @ SC.