- December 17, 2020
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Log In Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. I just went through the trouble of transferring stocks and to consolidate in IB, POEMS & SCB moving forward. Eventually, when your portfolio grows bigger, it pays to review and optimise like I did as you will get to enjoy more perks such as fee waivers. Ant plans to return the funds it has collected from investors who subscribed to its IPO, which had been on track to raise at least $34.4 billion in total. The world’s largest ever initial public offering (IPO) has been suspended just days before go-live.. Ant Group is a fintech giant established by China’s wealthiest man, Jack Ma. Hence, do check clearly on all of the possible fees and the fine prints prior to selecting your brokerage of choice. Ant Group is a Chinese financial technology company that is on track to conduct the largest IPO in history in the next week or so. Disclaimer: Just sharing from experience as I have put my own money into the stock market over the period of 17 years. shown below [11]. This profile is based on publicly available information and is intended to be informative in nature. However, being a strong growing company, the share price recovered and eventually rose beyond to a new high of above US$250 per share. And it's courtesy of a venture capitalist who once held the same record. Not long ago, the initial public offering (IPO) for Alibaba-backed financial services company Ant Group was expected to be the world’s biggest IPO. As mentioned, I usually avoid chasing rally spikes. However, to be taken into consideration, WeChat Pay (by Tencent [8]) has the largest number of users worldwide [9]. That said, after my buy, the stock may continue to tank further. However, being spun off from Alibaba and being the largest fintech company in China [18], Ant Group could be a potential “main core”. Ant Group -- known until this year as Ant Financial -- is China's largest fintech company by market share. EquityZen Securities LLC (“EquityZen Securities”) is a subsidiary of EquityZen Inc. EquityZen Securities is a broker/dealer registered with the Securities Exchange Commission and is a FINRA/SIPC member firm. This stock is later sold at more than 40% gain in a month since the post. Investors probably won't be allocated any IPO shares through those brokerages unless they're already top-tier clients, but they'll be able to buy shares of Ant on the open market. The above-mentioned US$3.2 billion of expected ETF buy flows into Ant Group’s H-shares is significant. EquityZen does not have an affiliation with, formal relationship with, or endorsement from ANT Financial or any companies feature above. What I am trying to bring your attention to is that not all IPOs, including “good” companies will spike in debut (although the chances are high). Although it goes without saying that it’s not the brokerage you use but the stocks you buy that matters most, choosing the right brokerage can help to save costs and use it for some sumptuous meals or new gadgets. China’s population is many times that of the US, coupled with the rising middle class, imagine the huge potential ahead for Ant Group. What we know about the Ant Financial IPO Hangzhou-headquartered Ant Group planned to go public through a parallel listing on Hong Kong and Shanghai stock exchanges. Similar to most pollers, I’ve also voted that I’m excited for Ant Group’s (previously “Ant Financial”) IPO. Note: This article is a premium article that first appeared on Patron.Have made it available given the interest around the Ant Group IPO. Ant, which was founded by Jack Ma, has grown into China’s dominant mobile payments company with 900m annual users. Ant shares are expected to … >> About me, ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~. Large Chinese insurers and mutual funds will also have shares allocated via the strategic investor route, Monday's filing showed. Ping An is still not as expensive though, in my opinion. Tencent is another company that should be kept a close watch on. Ant Group is a Chinese financial technology company that is on track to conduct the largest IPO in history in the next week or so. ANT GROUP CO., LTD. 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 … Request Access. ASSOCIATED PRESS Jack Ma was going to get a little richer. On a broader level, 60% responded that they use digital financial services on a daily basis [7]. If you’ve followed my blog, you will see my buy price attached in some of my articles when I bought them in the Sep 2015, Jan 2016 period when mainstream news was very much negative on the Chinese market. I usually choose to share on unloved stocks (enjoying gains as their valuations rise) that I’ve personally bought. If you are a accredited investor, fsmone can help sub ipo on HKEX apparently non accredited 1s also can. As reported in 2019, Alipay is the leading mobile payment provider in China with the largest market share [6]. Personal View on Ant Group IPO. EquityZen helps investors to access private companies and their employees to sell shares. TransferWise partners with Alipay for international money transfers, Alipay owner Ant Financial takes minority stake in Klarna, China Roundup: Ant Financial’s new boss and Tencent’s army of new apps, A $7 Credit Limit: Jack Ma’s Ant Lures Hundreds of Millions of Borrowers, Quiet On The Western Front, US China Drug Cooperation, MSCI Pro-Forma Tomorrow, Baidu/IQ Earnings Post Close, Alibaba Offers a Positive Signal Amid China’s Sagging Growth, There’s An Art To Artificial Intelligence, Agriculture Gets A Blockchain Boost Through Bayer And Alibaba’s Ant Financial, Chinese Tech Companies Turn to Financial Services, Megvii, the Chinese startup unicorn known for facial recognition tech, files to go public in Hong Kong, China's Digital Currency Is Unlikely To Be A Cryptocurrency. Fulton Financial Corporation is a $16.1 billion regional financial holding company headquartered in Lancaster, Pennsylvania. COVID-19 has also sped up mobile payment adoption [15]. Here's how to buy Hong Kong IPOs as a Singapore investor! Founded by the Alibaba group, it allows individuals and businesses to execute payments online in a secure manner. I wish they were profits This is due to transferring half of my portfolio (worth S$428k) over to IB (Sorry a bit of a “click bait”). Reach out to me at [email protected], 1.https://mothership.sg/2020/01/hai-di-lao-noodle-dance-smack/, 2.https://www.poems.com.sg/products/excess-funds-management/, 3.https://www.cnbc.com/2020/07/21/alibaba-ant-group-ipo-hong-kong-shanghai-explained.html, 5.https://www.vanityfair.com/news/2016/04/ant-financial-jack-ma-paypal-rival-closed-largest-ever-private-tech-funding-round, 6.http://www.chinabankingnews.com/2020/01/21/chinas-mobile-payments-market-grows-over-15-alipays-market-share-exceed-half/, 7.https://www.statista.com/chart/17409/most-popular-digital-payment-services-in-china/, 8.https://www.nfcw.com/technology/wechat-pay/, 9.https://www.statista.com/statistics/744944/mobile-payment-platforms-users/, 10.https://www.nationthailand.com/aec/30321764, 11.https://s3.amazonaws.com/cbi-research-portal-uploads/2018/09/28163601/alipayservices.jpg, 12.https://innovator.news/how-china-is-changing-the-financial-services-industry-2225b640c193, 13.https://www.straitstimes.com/business/invest/gic-temasek-participate-in-ant-financials-us14b-series-c-funding-round, 14.https://www.globenewswire.com/news-release/2020/07/16/2063089/0/en/Mobile-Payment-Market-to-Hit-USD-8-94-Trillion-till-2027-Increasing-Adoption-of-Technology-Such-as-AI-to-Stimulate-Growth-Fortune-Business-Insights.html, 15.https://www.retailcustomerexperience.com/news/covid-19-is-driving-online-mobile-payment-adoption/, 16.https://www.channelnewsasia.com/news/business/paypal-beats-estimates-with-86-profit-jump-on-pandemic-spending-12974834, 17.http://www.researchinchina.com/Htmls/Report/2019/11601.html, 18.https://asia.nikkei.com/Business/Finance/Ant-s-IPO-plan-What-to-know-about-China-s-200bn-fintech-king, 19.https://www.cnbc.com/2014/09/22/alibaba-the-biggest-ever-ipo-after-more-shares-sold.html, 20.https://finance.yahoo.com/quote/BABA/chart?p=BABA, 21.https://finance.yahoo.com/quote/3690.HK/chart?p=3690.HK, 22.https://www.reuters.com/article/us-lufax-ipo/chinas-lufax-seeks-u-s-ipo-as-early-as-this-year-sources-idUSKCN24N0SF, 23.https://www.bloomberg.com/news/articles/2020-05-20/senate-passes-bill-to-delist-chinese-companies-from-exchanges, 24.https://www.chinatravelnews.com/article/130550, 25.https://www.caixinglobal.com/2020-07-21/exclusive-didi-rides-toward-hong-kong-ipo-source-says-101582712.html, 26.http://www.aastocks.com/en/stocks/news/aafn-con/NOW.1030037/latest-news, 27.http://www.aastocks.com/en/stocks/news/aafn-con/NOW.1030284/latest-news, "An investor should act as though he had a lifetime decision card with just twenty punches on it" - Warren Buffett, Will I buy Ant Group (Alipay) IPO & Spending $600 to Transfer Stocks. As I do not wish to miss out on this potential “main core”, I will be executing a small buy position when it IPO. Much more of an investor actually as I don’t actively trade. The Alibaba company wants a market valuation above US$200 billion. About ANT Financial Stock. This small position is more like a FOMO (Fear of Missing Out) punt so that I don’t miss out the ride. A local newspaper reported that financial institutions in Hong Kong loaned as much as HK$519.2 billion to Ant Group IPO investors. Just to share a bit before discussing my take on Ant Group’s IPO. ANT Financial Stock. Alipay is the most popular mode of digital payment. Ant Financial, based in the eastern Chinese city of Hangzhou, is 33% owned by Alibaba Group Holding Ltd and is controlled by Alibaba founder Jack Ma. The Fintech Revolution: Who Are The New Competitors In Banking? CNBC reported, “Ant Group will be highly accretive to current share price of Alibaba.”. They have been around since 2006, I have personally had an account with them for the past 7 years and I can confirm they are involved in the Ant Financial IPO. Imagine the number of Haidilao treats I could have gotten with the custodian and stock transfer fees I paid. View More Companies. By accessing this site and any pages thereof, you agree to be bound by our Terms of Use.EquityZen and logo are trademarks of EquityZen Inc. Other trademarks are property of their respective owners.© 2020 EquityZen Inc. All rights reserved. The IPO is still under planning phase, no prospectus is out yet. Alibaba owns 33% equity in Ant Group [3]. Singapore's sovereign fund Temasek Holdings and GIC were both vested into Ant Group in 2018 [13]. Having skin in the game. A simpler way to invest in Ant is to buy shares of Alibaba. If it spikes furiously, I might even consider selling it for a “short term punt”. And now, their 2020 IPO opens up the opportunity for investors like you to get a piece of the valued $150 billion pie. Apart from monetary pain, it was a lot of hassle to countercheck each company’s ex-dividend date and track which brokerage will be reimbursing me with the dividends. Having skin in the game. Today, we're talking about whether Ant Group stock is a buy after its IPO. This is despite US passing a bill to delist Chinese companies that do not meet their criteria [23]. Recently, fintech company, Ant Group filed its initial public offering (IPO) prospectus with the Hong Kong stock exchange. Ant … Not now when most are spamming buy calls. Some brokerage might have low trading fees but charge a quarterly maintenance payment. Ant Group plans to raise about $30 billion in an IPO. I remembered back in 2015, I bought Ping An at HK$38.3. Alibaba previously held an agreement with Ant which entitled it to 37.5% of its fintech affiliate's pre-tax profits. For IPOs, usually it lacks this information to be considered under my “main core”. My concern with the Ant Group IPO though, is how much would it jump on day one. Ant then called off plans for a simultaneous listing in Hong Kong, disappointing over a million small investors who had clamored to buy into the fast-growing company. Received quite a bit of this query and thought of replying it here. Ant, backed by Chinese e-commerce giant Alibaba Group, plans to list simultaneously in Hong Kong and Shanghai, in what sources have said could be the world's largest IPO … Another point to note is that as long as the company you buy is a strong company, even if you buy it “expensive” now, you will still win in the long run. CNBC reported “Ant Group will be highly accretive to current share price of Alibaba.” [3], More on Alibaba >> “After Jack Ma, is Alibaba an enduring 100-year growth machine?”. Jack Ma, co-founder and former executive chair of Alibaba Group Holdings Ltd. (NYSE: BABA ) expects to take Ant … “Stock Market & COVID-19” where I cautioned (a month prior to the crash) of the possible market tumble & how to protect your portfolio published Jan 2020, “EngineerInvest.com’s go-to Charts to Determine Market Bottom” The all-time favourite article where I shared how I determined it was time to buy stocks published early April 2020, “After Jack Ma, is Alibaba an enduring 100-year growth machine?” published 6th June 2020 where I shared on how we can identify a visionary company and why Alibaba is one of my largest holdings, “10% Dividend Small Cap Stock & a Potential Multibagger” published 16 May 2020. Hellobike, survivor of China’s bike-sharing craze, goes electric, Splyt wants to connect the world’s ride-hailing apps for easy international roaming, Facebook’s Libra Is a License to Print Money, The Amazing Ways Chinese Face Recognition Company Megvii (Face++) Uses AI And Machine Vision, China's Philanthropic Growth Drives World's Next Big Impact Powerhouse. BABA’s IPO was priced at US$68 per share. At $34.4 billion, the Ant IPO is the largest ever and easily outpaces the $26 billion offering from Saudi Aramco (2222.Saudi Arabia) in 2019. Join us on FB/Telegram for more regular insights! Have been procrastinating to do the transfer as it is quite costly to do so (around S$60 per counter transfer fee). Unfortunately, 1 of my holding’s ex-dividend date happened to be on the transfer date. Thanks for participating on the poll. Do join us to check out our previous and future sharing. CNBC reported “Ant Group will … For example, DBS Vickers might hold an appeal to some for its synergy (free $$) with DBS Multiplier. Please also check out our full disclaimer. … All the recent big IPOs have had crazy day one jumps, with Nongfu Spring doing almost 100% on day one. It’s easier/safer to recommend rising stocks. The company is looking at a valuation of more than $200 billion, with plans to sell 5% to 10% of its shares. Will share more if happen to spot any future “potential Tencent” from my daily scans. Though not a direct apple to apple comparison but do take a look at US’s PayPal historical share price: China’s PayPal rival, Alipay, is owned by Ant Group [5]. In addition, a study by Fortune Business Insights revealed that the global mobile payment market would grow at an notable CAGR of 29% from 2020 to 2027, to a size of US$8.94 Trillion [14]. Below screenshot from IB shows a 21,444.47% gain. Alibaba holds a 33% stake in Ant Financial, which is seeking an IPO in Hong Kong. As Ant Group will be listed on the Hong Kong exchange, if you want to buy Ant Group shares you’re going to need a trading account which gives you access to international shares. The transaction was shared in “A 40% Gain Stock (Since our post last month), Recent Trades & “China’s Goldman Sachs”. All depends on the market conditions during that period. - Aya Laraya. Join us on FB / Telegram / Instagram for more regular insights! Ant Group is going public in what could mark the biggest 2020 IPO globally to date. Ant Group is going public in what could mark the biggest 2020 IPO globally to date. Next, let’s take a look at Meituan Dianping. Alipay is an online payment services provider. Alipay's users are primarily buyers and sellers engaging in e-commerce transactions. To choose the right brokerage really depends on the individual’s purpose and usage. Ant on the other hand, has presence internationally through investments in India’s PayTM, South Korea’s Kakao Pay, Malaysia’s Touch ‘n Go and in many other countries [10]. Ant Group has … Ant Group will now proceed with a roadshow to market the IPO to investors and will price the shares on Oct. 27. If you haven’t spotted it, here’s coverage in The Wall Street Journal: Ant Group Co., the Chinese financial-technology giant controlled by billionaire Jack … China has suspended the $37bn listing of Ant Group, which had been set to become the world’s largest IPO, one day after regulators had grilled Jack Ma, who founded the company. learning every strategy and using it at the right scenario at the right time. Alibaba Stock and Ant Financial Ant Group is a Chinese financial technology company that is on track to conduct the largest IPO in history in the next week or so. Hence, maximising returns. 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