Ant Group runs Alipay, one of China’s most popular mobile payment apps, but has also been expanding into products such as wealth management and … Advisers to Ant … Pricing details for the China shares are expected by Tuesday, with the Hong Kong price to be announced as soon as Oct. 29, people familiar with the matter have said. Use technical analysis tools such as candles & Fibonacci to generate different instrument comparisons. The class ... Alibaba (NYSE:BABA) has been under pressure of late. Billionaire Jack Ma’s Ant Group formally files for an initial public offering in Hong Kong and Shanghai, looking to raise as much as $30 billion, an IPO record. The current CoinMarketCap ranking is #90, with a market cap of $127,584,051 USD. The IPO is attracting interest from some of the world’s biggest money managers, and sparking a frenzy among individual investors in China clamoring for a piece of the sale. Ant has picked China International Capital Corp. and CSC Financial Co. to lead the Shanghai leg of the IPO. Each of the firms is considering investments worth several billion dollars in the Hong Kong-listed shares, though they’ve yet to finalize plans and there’s no guarantee they’ll get an allocation, the person said. Ant Group Co. Ltd., the fintech affiliate of e-commerce giant Alibaba Group Holding Ltd., set its Shanghai offering price at 68.8 yuan ($10.30) a share as the company prepares for the world’s largest initial public offering (IPO) in Shanghai and Hong Kong. Shares of Chinese online retail giant Alibaba (NYSE:BABA) are down roughly 13% this month. 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. Ant Group, the Chinese financial-technology juggernaut, priced its initial public offering at HK$80 per share, the company said on Monday. Using a that two-stage DCF model, Alibaba comes to a fair value of $316 per share without Ant Group. : Get the latest Ant Group (ex Ant Financial stock price and detailed information including news, historical charts and realtime prices. That would give Ant a valuation of about $320 billion, making it bigger than JPMorgan and four times larger than Goldman Sachs Group Inc. Currently, it has 1.3 billion users and generated $10.1 billion in revenue during the first six months of the year. BABA’s affiliate Ant Group, which is valued at approximately $210 billion, is the currently biggest fintech company in the world, and is expected to grow even more following its IPO. 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. CICC, Citigroup Inc., JPMorgan and Morgan Stanley are heading the Hong Kong offering. Ant, backed by Jack Ma, billionaire founder of e … Ant, backed by Jack Ma, billionaire founder of e-commerce platform Alibaba, is to sell shares worth about $34.4bn (£26.5bn) on the Shanghai and Hong Kong stock markets. Ever since Alibaba Group’s fintech offshoot Ant Group announced its plans to list on the Shanghai and Hong Kong stock exchanges, the e-commerce giant’s share price has soared to record highs. Billionaire founder Jack Ma, speaking at a weekend conference, said Ant has determined the IPO price, though he didn’t disclose the amount. Ant Group Co. 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 JPMorgan Chase & Co. “After the Asian financial crisis, the risk control highlighted in the Basel Accords has been” the priority for regulators, Ma said. Shares were expected to go live on their respective exchanges on November 5 but the listing has since been canceled. Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. Large investors have put in bids of about 68 to 69 yuan a share for the Shanghai stock, Reuters reported. That would value the China portion of the sale at as much as $17.3 billion, or close to $35 billion for the dual listing including the Hong Kong leg. The Ant Group is skipping a U.S. listing, but that doesn't mean you can't invest in The Ant Group IPO By Luke Lango , InvestorPlace Senior Investment Analyst Jul 29, … Pomerantz Law Firm Announces The Filing Of A Class Action Against Alibaba Group Holding Limited And... Why and How You Should Shop the Drop in Alibaba, Medical Arm Of China's JD.com Surges 34% On HK Debut, Companies have raised more capital in 2020 than ever before. “This was the first time such a big listing, the largest in human history, was priced outside New York City,” Ma told the Bund Summit in Shanghai Saturday. Its shares will start trading on Nov. 5. Before it's here, it's on the Bloomberg Terminal. The Shanghai arm was priced at 68.8 yuan. The company may raise another $5 billion after it exercises the so-called greenshoe option to meet demand, people familiar with the matter have said, adding the numbers are subject to change. Rising analyst optimism about this IPO could drive the share price of parent company BABA, the US digital payment player PayPal Holdings, Inc. ( PYPL ), and Square, Inc. ( SQ ). Ant, the financial technology company affiliated with Chinese e-commerce group Alibaba , plans to list simultaneously in Hong Kong and Shanghai. Company profile page for Ant Group Co Ltd including stock price, company news, press releases, executives, board members, and contact information T. Rowe Price Group Inc., UBS Asset Management and FMR LLC, the parent of Fidelity Investments, are among the money managers angling for a piece of the deal, a person familiar with the matter has said. supply is not available. IN MARCH THE corporate world found itself staring into the abyss, recalls Susie Scher. With the pricing this week, investors will have to commit to the deal just days before a U.S. presidential election that could have ramifications for both Ant’s overseas expansion plans and investor risk-appetite. Chinese financial technology giant Ant Group looks set to make the world's largest stock market debut. Facebook Breakup Would Demolish Zuckerberg’s Social Media Empire, Billionaire Shocked by Son’s Quick $50 Million Trading Loss, Ray Dalio Sees ‘Flood of Money’ With Soaring Asset Prices, Stocks Waver, Bonds Climb Amid Stimulus Talks: Markets Wrap, China Tells Cabin Crew to Wear Diapers on Risky Covid Flights. It May Be One Piece of JD.com’s Listings Spree. At the weekend conference, Ma criticized global financial regulations for stifling innovation and urged China to seek a system that accommodated development. Ant Group Co. 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 JPMorgan Chase & Co. What is Ant Group’s business model? Ant Group stock is coming available on public markets in Shanhai and Hong Kong. Ant will announce the IPO's share price … Ant Group (NYSE:BABA) prices the Hong Kong arm of its dual IPO listing at $80 Hong Kong dollars ($10.32) per share. “We wouldn’t have dared to think about it five years, or even three years ago.”, Ant’s IPO Is Said to Lure Fidelity, T. Rowe Price, UBS Asset. The company will issue no more than 1.67 billion shares in China, equivalent to 5.5% of the total outstanding before the greenshoe option, according to its prospectus on the Shanghai stock exchange. Updates with Ma’s comment on Basel Accords at end. JD Health is the online pharmaceutical and... JD Health’s IPO Is a Success. Alibaba stock is surging to highs as 33%-owned Ant Group looks to IPO. From her... Shares of JD Health have surged 34% above the issue price in Hong Kong's biggest share market debut of 2020. ANT | A complete Antares S.A. Ctf. FinancialContent fully hosted finance channel. Hong Kong stockbrokers are so confident Ant IPO will go smoothly that they’re offering to let mom-and-pop investors buy the stock with as much as 20 times leverage. exchange traded fund overview by MarketWatch. Find the latest 480276 (ANT) stock quote, history, news and other vital information to help you with your stock trading and investing. View the latest ETF prices and news for better ETF investing. Here's what the biggest IPO of all time means for American investors today. Investors who want to take advantage should consider investing in Alibaba (BABA) as it owns a significant piece of Ant Group. Aragon is down 3.41% in the last 24 hours. Have a confidential tip for our reporters? Ant Group has received approval from the Hong Kong stock exchange for its highly-anticipated initial public offering (IPO), CNBC has confirmed. Ant Group live price charts and stock performance over time. It will issue the same amount for its Hong Kong offering. 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