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. According to its prospectus, the company's H share will offer over 1.67...
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. According to its prospectus, the company's H share will offer over 1.67...
but it was going to increasingly fall under being regulated like a bank," Ahern said. "I think the regulator said all of the revenue, profitability, in the IPO prospectus is backward looking, and under this new regulatory regime, the company is still a great, great company, but certainly...
As Chinese fintech giant Ant Group applied for a dual IPO in Shanghai and Hong Kong, its operational and financial details were disclosed for the first time. The IPO prospectus filed by the behemoth sheds light on what the company is really about and how it makes quick and big money. BEI...
Huabei and Jiebei were used by around 500 million people in the 12 months to June 30, 2020, Ant said in its IPO prospectus. In September, Ant's virtual credit card service Huabei begun to send its consumer credit data to a database run by China's central b...
The prospectus said the billionaire entrepreneur is Ant Group’s “ultimate controller,” holding a 50.52% stake in the company. Information about Ma’s stake after the IPO is redacted in the draft prospectus. The Alibaba and Ant Group founder helms a limited liability partnership, which controls...
Ant’s IPO is gearing up to be larger than that of Saudi Aramco, which brought in more than $25 billion in the biggest IPO to date. Ant said in a prospectus that its offer price of HK$80 a share implies a market capitalization of HK$2.43 trillion, wh...
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. The company will offer over 1.67 billion shares at a price of 80...
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...
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. 中国领先的移动支付平台支付宝的母公司蚂蚁集团宣布将于周二在香港交易所进...