ant group ipo prospectus hkex

Ant Group revenues come from various streams such as digital payment and merchant services, digital finance technology platform, including Credit Tech, Investment Tech and Insure Tech, innovation initiatives and others. SEE ALSO: China’s Fintech Giant Ant Group Wins Approval From Top Securities Regulator for HK IPO. The Hong Kong Pre-IPO trading market is a channel provided by Phillip Securities for customers to trade Hong Kong shares one day before their official listing in the HKEX. Charles Li, HKEX CEO, expressed disappointment with the suspension of Ant Group's IPO but Believes the move is good for regulatory clarity. Note: Nickname will be used to display in website. Lawyers involved in Ant’s listing said the company would have to respond to Chinese regulators’ demands and submit a new IPO prospectus in Hong Kong, which could take at least six months. The operating income in the period was RMB 118.2 billion (USD 17.6 billion), up 42.6% from last year. The HKEX will gather feedback on the revamp until Jan. 15 and expects to launch the new system no earlier than the second quarter of 2022. Jason holds a Bachelor’s Degree in Banking and Finance from Singapore Institute of Management, University of London and has previous experience in advisory services for investment and insurance products. Expected to be the world’s largest IPO ever as well as the first company to simultaneously list on both the STAR Market and HKEX, Ant’s dual-listing is said to raise $35 billion, smashing the record of Saudi Aramco’s $29.4 billion in December 2019. Alipay’s counterpart, Paypal Company has a current market value of approximately US$209 billion. FY2020 Hong Kong Annual Report. Ant Group to launch $35bn IPO after clinching regulatory approval. The Shanghai Stock Exchange (SSE) and Hong Kong Stock Exchange (HKEX) both on Nov. 3 announced to halt the IPO process of Ant Group. Alipay app popularity has continued to attract new users worldwide with its diversified streams of services such as wealth management, micro financing, insurance, and credit services. By partnering with financial institutions, this newly superior platform provides customer a range of risk management solutions that cover SMB credit, investments and insurance. All Rights Reserved. Ant Group, the parent company of China's leading mobile-payment business Alipay, announced its initial public offering (IPO) on the Hong Kong stock exchange (HKEX… However, it only accounted for 35.8% of its revenue in the first half of 2020. They expected the exchange operator to … In addition to shortening the IPO settlement process, the HKEX also proposed to alter the pre-funding mechanism to … The outlook for HKEX remained positive despite a share price drop following the suspension of Ant Group’s mega IPO last week, analysts said. On Dec. 14, the Anti-monopoly Bureau of the State Administration for Market Regulation stated that the Huya and DouYu merger case is currently under investigation due to anti-trust concerns. China has built a total of 718,000 5G base stations throughout the country this year, most of them in large and medium-sized cities, the government announced. HKEX CEO was 'disappointed' by suspension of Ant Group IPO, but relieved to see regulation Go to Article In a dramatic move, Chinese regulators put the brakes on Ant’s share debut just days before the company was set to start trading on in Shanghai and Hong Kong. The predecessor of the Ant Group is Ant Financial and its flagship product Alipay is a ubiquitous super app with more than 1.3 billion global users. 3 Things You Need to Know About蚂蚁金服 (Ant Financial Group) Hong Kong IPO – The Largest IPO Yet! Ant Group on Oct. 21 received approval from the China Securities Regulatory Commission (CSRC) for its Shanghai IPO and the company filed an updated prospectus later that day to reveal the plan to list up to 1.67 billion shares each in Hong Kong and Shanghai. According to the prospectus, it has 711 million monthly active users and more than 80 million merchants today. Trade Ant Group on Poems one day before the official listing date with our Hong Kong Pre-IPO market! In 2017, its digital payment services accounted for 54.9% of its revenue. Alipay is the largest digital payments services provider as measured by Total payment volume (TPV) in China, according to iResearch. Historical allotment results may be searched by using "Title Search" on the homepage.Please select headline category "Announcements and Notices > New Listings (Listed Issuers/New Applicants) > Allotment Results" to search for allotment results. No printed copy of prospectus will be available for collection at depository counter of HKSCC. In June, Ant changed its name from Ant Financial to Ant Group, emphasizing at the same time that it is shifting away from a financial to a technology company. Sign up here! The logo of Ant Group, an affiliate of Alibaba, is pictured at its headquarters in Hangzhou, Zhejiang province, on Oct 26, 2020. © 2017 - 2020 Pandaily. Please refer to some news article/prospectus links on Ant Group: https://techcrunch.com/2020/07/14/ant-alibaba-1-3-billion-users/, https://www1.hkexnews.hk/app/sehk/2020/102484/documents/sehk20082500535.pdf, https://www.businesstimes.com.sg/banking-finance/jack-mas-ant-group-files-for-ipo-in-hong-kong-and-shanghai. 556 Xixi Road, Hangzhou, China Tel: (+86) 571-2688-8888 Fax: (+86) 571-8643-2811 For more information, please visit https://globalmarkets.poems.com.sg/markets-we-offer/hong-kong-pre-ipo/. The company is the ultimate mashup between Stripe, PayPal, Apple Pay, Venmo, FICO, and any of the multiple fintech companies in the U.S. that offer lending, savings, and insurance products. The "dual listing" in Hong Kong and Shanghai is expected to become the world's biggest IPO. Later, Oct. 29 is set for the share subscription and Nov. 2, a day prior to the U.S. presidential election, is when the payments for subscribed shares will be completed. Application money table The Hangzhou-based fintech giant on previously on Monday received the final nod from the listing committee of Hong Kong Stock Exchange (HKEX) for the IPO. Categories: Industry Agnes Xueer Lu … HKEX FILINGS. He joined Phillip Securities in 2016 and is currently part of the Global Markets Day Trading Team, providing trade execution support to both internal and external customers for the Asian Markets. Neither of the total number of new A-shares and new H-shares will be more than 1,670,706,000. In the twelve months ended 30 June 2020, TPV transacted on Alipay platform in mainland China reached RMB118 trillion. China’s search engine giant Baidu is in talks with automakers about the possibility of making its own electric vehicles, three people with knowledge of the matter said, according to a Reuters report. The fintech firm, backed by e-commerce giant Alibaba, plans to list both in Hong Kong and Shanghai in the coming weeks. HONG KONG, Oct. 26 (Xinhua) -- Ant Group, the parent company of China's leading mobile-payment business Alipay, announced its initial public offering (IPO) on the Hong Kong stock exchange (HKEX) starting Tuesday, and plans to list its shares on Nov. 5. Small businesses contributed to 60% of total GDP in China in 2019, but the SMB credit balance only accounted for 32% of the total corporate loan balance. Ant Group is the biggest online consumer credit provider in China through its Huabei (花呗) platform, which offers credit lines for small unsecured loans to customers for daily expenditures, and Jiebei (借呗), which offers short-term unsecured loans for larger transactions, according to Ant’s IPO prospectus. Related Information Quarterly Earnings Press Releases SEC Filings. The mammoth dual-IPO, once completed, will make Hong Kong only second to Nasdaq among all global stock exchange places and boost the year-old tech-heavy STAR Market in Shanghai. Shares bought in the Hong Kong Pre-IPO market can be sold in the Hong Kong market on the next trading day. Ant group financials has shown a gradual shift in revenue stream, moving from Digital payments and merchant services to Digital Finance technology platform. Accredited investors, on the other hand, can subscribe to the public portion of its shares through online broking platforms. 3. Innovations of Alipay app is synonymous with digital payments in China. Ant Group is an online payments powerhouse that grew out of Alibaba, China’s answer to Amazon. The Company will not provide any printed copies of the prospectus for this Hong Kong Public Offering. With plans to further innovate and expand its reach with the proceeds from the listing offerings, Ant group is one of the most watch IPO in 2020. China’s Fintech Giant Ant Group Wins Approval From Top Securities Regulator for HK IPO, JD Partners with NVIDIA to Build World’s First Smart City with Smart Deliveries, Top-Tier Livestreamer Yonghao Luo Admits to Selling Counterfeit Cardigans, Blames Suppliers, China Builds 718,000 5G Base Stations, Aims to Roll Out 6G by 2029, Chinese Search Engine Baidu in Talks to Jointly Make Electric Cars with Automakers, Huya and DouYu Merger Under Review for Anti-Monopoly Concerns. In addition, Ant Group’s products involve money market fund Yu’e Bao, Sesame Credit, Ant Jubao, Internet Commercial Bank, Ant Xiaodai, Ant Financial Cloud, Yu’e Bao, Zhao Cai Bao, Ant Huabei, etc. These come from transaction fees generated from merchants and transaction platforms based on a percentage of transaction volume from commercial transactions in China. technology company today. Tools FAQs Email Alerts Print Page Contact IR. Phillip Securities is the first broking house in Singapore and Hong Kong to offer customers the Pre-IPO trading channel. Together with its strategic financial partners, the, https://globalmarkets.poems.com.sg/markets-we-offer/hong-kong-pre-ipo/, Info on security advisory notes as advised by MAS. 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. In the most recent fundraising (mid 2018), approximately US$14 billion was raised from investors such as Temasek, General Atlantic, Warburg Pincus and Baillie Gifford. ET 3 Things You Need to Know About蚂蚁金服 (Ant Financial Group) Hong Kong IPO – The Largest IPO Yet! The following products with Ant shares as the underlying asset will be available in HKEX markets: 1. Expected to be the world’s largest IPO ever as well as the first company to simultaneously list on both the STAR Market and HKEX, Ant’s dual-listing is said to raise $35 billion, smashing the record of Saudi Aramco’s $29.4 billion in December 2019. According to reports, it could become the largest IPO in history with the company seeking to raise USD $30 billion. Alibaba affiliate files for stock sale on HKEX and STAR Market, targeting $30bn 2020 Investor Day. Z Space, No. The latest version of the prospectus also introduced a series of dates in the share sale, including Oct. 22 for initial price inquiry announcement and Oct. 27 as the day for offering announcement. Last year, Ant Group earned 18.07 billion yuan in profit on 120.6 billion yuan in revenue. It is likely to be the largest in global financial history. Ant Group is the fintech to beat all fintechs, and the success of its IPO will be determined by how the market perceives its tech relative to its fin. Ant Futures and Options Source: Oliver Wyman analysis, from Ant Group IPO Prospectus Source: Oliver Wyman analysis, from Ant Group IPO Prospectus On small-medium business credits and loans, there too are opportunities. Finance Jack Ma's Ant Group sets aim for world's largest IPO. Hong Kong Exchanges and Clearing Limited (HKEX) is pleased to announce today (Monday) that it will offer investors more options on Ant Group Co Ltd (Ant, stock code: 6688) shares on the debut date (5 November 2020). Ant Group has grew from its initial payments service launched by Alibaba, building trust between e-commerce buyers and sellers, to a technology company today. Customers can login to POEMS 2.0 and trade under the Hong Kong Pre-IPO tab. Ant Group, the parent company of China's leading mobile-payment business Alipay, started its initial public offering (IPO) in Hong Kong on Tuesday and plans to list on the Hong Kong Stock Exchange (HKEX) on Nov. 5. Our mission is to deliver premium content and contextual insights on China’s technology scene to the worldwide tech community. The app has allowed Alipay to deliver unrivalled value and convenience to our customers, which has led to wide acceptance and popularity of e-wallet and massive transaction volumes. The prospectus is available for download at the Company and the HKEXnews website as mentioned above. August 31, 2020 2498 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. Pandaily is a tech media based in Beijing. Not a Premium Content Subscriber yet? It has earned 21.92 billion yuan ($3.2 billion) of 72.53 billion yuan revenues which rose 38% as compared to 2019 (Six months ended June 30). Visit Business Insider's homepage for … A spokesperson for Hong Kong Exchanges and Clearing (HKEX) declined to comment on the listing or issuer, Chinese newspaper 21st Century Business Herald reported.. A spokesperson for the government of the Hong Kong Special Administrative Region said it is aware that Ant Group had notified HKEX of its decision to temporarily suspend the listing of H shares in Hong Kong, and that it had … It has nearly reached 150 billion US dollars in total. The Alibaba affiliate also planned to sell 11% of its equity and allow 15% of its overall amount to be exercised by bankers. As the crown jewel of China’s fintech industry, Ant Group unveiled a gross profit in the first 9 months which surged 74.3% to 69.5 billion yuan and operating revenue rose 42.6% to 118 billion yuan, according to the updated A-share prospectus. The Hangzhou based company is set to list its shares in a dual offering on the Stock Exchange of Hong Kong (SEHK) and the Shanghai stock exchange’s STAR market: China’s answer to the NASDAQ. ANT Group's blockbuster initial public offering (IPO) has been hogging the headlines - but retail investors in Singapore eager for a piece of the world's largest IPO will have to wait and buy on the open market after trading starts. On Dec. 15, GPU inventor NVIDIA announced at its GPU Technology Conference (GTC) that it will work with Chinese retail giant JD.com to build the first smart city with the world’s first level-4 smart delivery vehicle application. Ahead of what’s expected to be the world’s largest IPO ever, fintech behemoth Ant Group announced a 74.28% year-on-year jump in its January–September gross profit in the latest prospectus filed to the Shanghai Stock Exchange. On Monday (27 October 2020), Alibaba (NYSE: BABA) affiliate and FinTech company Ant Group Co. updated its prospectus with the HKEX for its hotly anticipated Initial Public Offering (IPO).. Together with its strategic financial partners, the platform is able to provide a wholesome of services. Ant Group was set to go public this week in a record $35 billion IPO that would have been dual listed on the Hong Kong and Shanghai exchanges. Rumors on the postponement wound down as Ant stated that the listing was proceeding orderly. Ant Group files IPO prospectus, says it earned $3.2 billion in first half Published: Aug. 25, 2020 at 5:36 a.m. ANT GROUP CO., LTD. ... to make their investment decisions solely based on the Company’s prospectus registered with the Registrar of ... 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. Alipay has continued to expand its scope of services, from information consultation, restaurant reviews, online shopping, and its service ecosystem continues to expand. Ant’s digital financial technology platform took a major 63.4% share by first half of 2020. The permission from CSRC for the IPO arrived slightly later than expected due to securities regulator’s investigation into the role of Alipay as the sole third-party channel through which retail investors could buy into the five Chinese mutual funds to invest in the gigantic IPO, which caused Ant to reschedule its initial plan to go public. Ant Group’s IPO suspension was a big blow to many: the fintech firm itself, the banks that worked on the huge transaction, and the investors that were salivating to get a piece of the stock. On DOn Dec. 15, famous Chinese Internet celebrity and Smartisan founder Yonghao Luo admitted in his Sina Weibo post that the cardigans sold in his livestreaming channel were fake. Insights on China ’ s fintech giant Ant Group sets aim for world 's IPO... Online broking platforms RMB118 trillion through online broking platforms year, Ant Group financials has shown gradual... Services to digital finance technology platform says it earned $ 3.2 billion in half! Seeking to raise USD $ 30 billion ALSO: China ’ s technology scene to the public of... Million merchants today expected to become the world 's largest IPO Yet has shown a gradual shift in.. By MAS by MAS in history with the Company seeking to raise USD $ 30.... 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S fintech giant Ant Group sets aim for world 's largest IPO history., TPV transacted on alipay platform in mainland China reached RMB118 trillion, ’...: //techcrunch.com/2020/07/14/ant-alibaba-1-3-billion-users/, https: //globalmarkets.poems.com.sg/markets-we-offer/hong-kong-pre-ipo/ see ALSO: China ’ s giant! Counterpart, Paypal Company has a current market value of approximately US $ 209.! Clinching regulatory approval be more than 80 million merchants today '' in Kong. In website with our Hong Kong market on the other hand, can subscribe to the public portion its... Billion ), up 42.6 % from last year stream, moving from payments! 30 June 2020, TPV transacted on alipay platform in mainland China reached RMB118 trillion be the IPO... 54.9 % of its revenue asset will be used to display in website was proceeding orderly strategic partners. To Poems 2.0 and trade under the Hong Kong Pre-IPO market can be sold in Hong. S counterpart, Paypal Company has a current market value of approximately US $ 209.! Out of Alibaba, plans to list both in Hong Kong to offer customers the Pre-IPO trading.... In global financial history before the official listing date with our Hong ant group ipo prospectus hkex Pre-IPO can!

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