- December 17, 2020
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tensions. (Bloomberg) -- Ant Group Co. Chairman Eric Jing has emerged contrite and apologetic from the collapse of the fintech giant’s $35 billion initial public offering.The company is “looking into the mirror, finding out our shortcomings, and conducting a body check-up,” Jing said in a speech at the 4th China Internet Finance Forum on Tuesday. There's gonna be a dual-listing in Shanghai and Hong Kong which makes it quite tough for foreign investors. But it appears the latter is now on hold. So is $250 billion a cheap buy? Ant Group's $35 billion initial public offering (IPO) is unlikely to suffer from any U.S. restrictions on the Chinese financial technology giant due to its very limited overseas presence, potential investors and analysts said. 4. Alibaba’s listing, which raised US$25 billion, was the biggest IPO ever at the time. Asia’s largest corporation will buy 730 million of about 1.67 billion Shanghai-listed A shares as part of a placement to strategic investors, the e-commerce giant said in a stock exchange filing. Ant Group's $35 billion initial public offering (IPO) is unlikely to suffer from any U.S. restrictions on the Chinese financial technology giant due to its very limited overseas presence, potential investors and analysts said. The Alibaba company reportedly wants a market valuation above US$200 billion. Top Searches Holiday Gifts. The easiest way to get into Ant is to buy Alibaba stock. Ant's dual listing in Shanghai and Hong Kong is set to be the world's biggest, and could raise about $34.4 billion. Next 16 results. Even though we are still awaiting the final details of the IPO, the offering looks to be the largest one in the world. China’s president Xi Jinping personally put Ant Group’s $37bn ... how to buy ant group stock symbol: 12. Ant Group’s initial public offering has prompted a rush among investors to secure a piece of the world’s biggest ever stock sale, helping to push the fundraising total to almost $37bn. At $37 billion, equating to a $310 billion valuation, the listing is set to be the largest IPO on record. Late last year, Saudi Arabian oil giant Aramco’s US$29.4 billion listing topped that. 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. Including the Hong Kong tranche of its IPO, Ant intends to sell a total of 3.3 billion shares. My concern with the Ant Group IPO though, is how much would it jump on day one. Alibaba is a Proxy for Ant Group IPO. On the same day, Ant Financial – Alibaba’s sister company in which it claims 33% direct equity ownership – was supposed to list on the Shanghai Stock Exchange. U.S. President Donald Trump is considering curbs on Ant, an affiliate ... fallout from the recent decision to pull the blockbuster initial public offering of Ant Group. Recently, fintech company, Ant Group filed its initial public offering (IPO) prospectus with the Hong Kong stock exchange. And that was a water company. This is when there’s almost $3 trillion of investor demand for the shares, with many people borrowing from mum, dad, sister, brother, aunt and uncle to get a stake in the business. If all goes well, Ant will be bigger than … Still, American index funds can include Ant’s H-share, which is listed in Hong Kong. Today, we're talking about whether Ant Group stock is a buy after its IPO. Ant Group is aiming to raise $34.5 billion in its upcoming dual-listed IPO, which would make it the biggest IPO of all time. Mom-and-pop savers bet on the success of China's Ant Group by placing bids for a record $3 trillion of shares in the company's IPO. I'm based in the UK and I'm in … Posted by 2 months ago. NOT since the listing of Chinese e-commerce giant Alibaba Group Holding six years ago has an initial public offering generated as much buzz as next week’s listing of Ant Group. It's in this environment that Ant Group has filed for its initial public offering (IPO). How to Buy Ant Group IPO. Close. Following the IPO's suspension, Alibaba, which holds 33% of Ant Group, saw its Hong Kong and NYSE shares drop by 7% and 8% respectively. Buy Ant Group stock on IPO. 6 days ago. Ant [IPO-ANTG.HK], backed by e-commerce firm Alibaba Group BABA.N, has launched a dual-listing process in Hong Kong and on Shanghai's STAR Market, and the offering is set to be the world's largest All the recent big IPOs have had crazy day one jumps, with Nongfu Spring doing almost 100% on day one. Does anyone know brokers that will be trading this stock come their IPO? In this article, we provide some background information about Ant Group, discuss the details of the IPO and share how you can invest in Ant Group through the DEGIRO platform. Alibaba owns about one-third of Ant. Trending. Ant Group (Chinese: 蚂蚁集团; pinyin: Mǎyǐ jítuán), formerly known as Ant Financial and Alipay, is an affiliate company of the Chinese Alibaba Group.Ant Group changed name in June 2020 from Ant Financial Services Group. Ant Group's shock IPO suspension hammers Alibaba shares Thursday's planned listings would have been the world's biggest IPO, with both legs worth $34 billion. Ant Group’s upcoming IPO is made available in Hong Kong and Shanghai. The Ant Group’s IPO might be a passive-aggressive escalation of China–U.S. Just before the Ant Group IPO was meant to go ahead tomorrow, the Chinese Shanghai Exchange said that there were too many issues and would postpone the listing. China's Ant Group has won the final nod from the country's top securities watchdog for the registration of its Shanghai offering, the regulator said on Wednesday, clearing the last regulatory hurdle for its $35 billion dual-listing. And it's courtesy of a venture capitalist who once held the same record. Ant is snubbing Wall Street. ... buy insurance and invest in mutual funds. Buy Ant Group stock on IPO. If it jumps 40%, that’s a valuation of 438b. 1 Nancy Pelosi; I can only see in the FT that they will be … AstraZeneca to buy Alexion in $39bn ... China’s decision to halt Ant Group’s giant IPO. Ant IPO: China's mighty financial group heads for a mega market debut. We're about to witness the biggest IPO of all time. Jack Ma’s Ant seeks to raise $35 billion in biggest-ever IPO By Raymond Zhong One of China’s most influential tech companies, the internet finance titan Ant Group, is poised to raise a boatload of cash by selling shares. 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