Ant,a financial technology firm that runs China’s dominant digital payment platform, was last valued in 2018 at $150 billion; stock analystsestimatea current value of $200 billion, making it arguably the world’s most valuable unicorn. Ant will debut simultaneously on Shanghai’s tech-focused...
Alibaba’s(NYSE: BABA) high-profile spat with Beijing is finally starting to subside, paving the way for the company’s affiliated financial unit,Ant Financial, to move into the headlines with word of plans for a major new fund-raising. But anyone holding Alibaba stock shouldn’t get too e...
The Shanghai stock exchange's decision on Tuesday to suspend the IPO followed a meeting between China's financial regulators and Ant executives, including Ma, who were told the company's online lending business would face tighter scrutiny, sources told Reuters. The exact natur...
Ant Moves Closer to USD35 Billion IPO After Applying to Register in Shanghai (Yicai Global) Sept. 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. The Hangzhou-based...
HONG KONG (AP) — The world’s largest fintech company, China’s Ant Group, will try to raise nearly $35 billion in a massive public offering of stock that would shatter records. Alibaba-affiliated Ant Group, which operates a suite of financial products including the widely-used Alipay digi...
Hong Kong stock exchange chief: 'Mixed feelings' on Ant IPO suspension Charles Li, chief executive of Hong Kong Exchange and Clearing (HKEX) was "disappointed" to see the suspension of Ant Group's $37 billion initial public offering, he told CNBC on Wednesday. In a dramatic move, Chinese ...
Ant Group’s late-summer IPO filing drove home why the business -- backed by 711 million monthly users that spent US$17 trillion through its platform -- is headed for potentially the world’s largest stock debut. Yet investors may do well to focus on the long-term threat to its core bu...
Regulators sent a shock wave through the markets when the Shanghai Stock Exchange announced on November 3 the suspension of the mega IPO of Ant Group, a financial firm operating under the umbrella of e-commerce giant Alibaba, less than two days ahead of the listing. ...
Eric Jing, CEO of Ant Financial Bobby Yip | Reuters Chinese fintech firm Ant Group has begun the process of a concurrent initial public offering in Shanghai and Hong Kong. Ant, an affiliate of e-commerce giant Alibaba, said Monday that it would list its shares on both the Shangha...
The camp includes7orca Asset Management, which runs roughly €400m in volatility strategies, betting on stability by selling insurance against turbulence in stocks and other financial markets. “We’re earning good money right now,” said the group’s chief executiveTindaro Siragusano, adding that...