Ant is set to conduct price consultations for the Shanghai offering on Oct. 23 and will set the price on Oct. 26 as per its updated prospectus filed with the local exchange. Ant Group preps for record-breaking IPO with mega roadshow Squawk Alley Ant Group would raise $34.5 billion in its dual initial public offering after setting the price … ... Ant prices Hong Kong leg of world’s biggest IPO at HK$80 a share. Ant Group's Chinese IPO could be among the biggest in history. Billionaire Jack Ma’s Ant Group formally files for an initial public offering in Hong Kong and Shanghai, looking to raise as much as $30 billion, an IPO record. Ant will price the Shanghai portion of its listing on Oct. 27 and allow … Ant Group is reportedly targeting a share sale of roughly US$30 billion – which would make it the largest IPO in history, overtaking Saudi Aramco’s US$25.6 billion offering last December. The Ant Group IPO could be viewed as a moment in which the United States stock markets showed weakness. Ant Group has set the price of its A-shares at 68.80 yuan ($10.27) per share, and the price for the Hong Kong tranche at HK$80 ($10.32) per share. Ma’s Chinese fintech giant is one of the most hotly anticipated IPOs in years, on course to make history by surpassing Saudi Aramco’s record $29 billion share sale in 2019. Ant Group, China's dominant mobile payments firm, are set to dominate the listed fintech space with their upcoming, humongous, record setting IPO. It makes it the biggest IPO … By Sherisse Pham, CNN Business. Ant Group gunning for the world’s largest IPO crown. ET There will be approximately 3.34 billion shares on sale, which would account for 11% of Ant Group’s outstanding stock. Only a handful of investment banks or brokerages have published research reports on Ant Group ahead of the IPO. The underwriters of Ant Group’s IPO had been set to split an underwriting fee worth about US$400 million following its debut. Summary: In an IPO market that is to date nothing short of exuberant, the biggest this year is yet to come. The Shanghai arm was priced at 68.8 yuan. ... Watch: Airbnb founder stunned on live TV by stock price. Read more: As IPO Looms, All You Need to Know About Jack Ma’s Ant Group. Ant, backed by e-commerce group Alibaba , also set the price for the Hong Kong tranche at HKUS$80 (US$10.32) per share on Monday, according to its prospectus filed with the city's stock exchange. 2. The Chinese Ant Group, the e-commerce giant Alibaba’s financial affiliate, would raise $34.5 billion in its dual initial public offering after setting the price for its shares this Monday. Shanghai: Ant Group Co. set the price of its record initial public offering in Shanghai on Friday evening, its billionaire founder Jack Ma said, without disclosing the price. That means its valuation could be slashed by about $140 billion. Billionaire Jack Ma's Ant Group is seeking to lift its funding target to $35 billion through its IPO, after considering early investor interest, Bloomberg said. Morningstar Research values Ant at around HK$80 a share or right in line with its IPO price. Ant Group's IPO pricing determined on Friday: Jack Ma This could be the world's largest IPO, surpassing the record set by Saudi Aramco's $29.4 billion float last December. Analysts have also put the flotation’s estimated market valuation at about US$225 billion. That means BABA stock acts as an Ant Financial IPO proxy. Ant Group's stock price comes with a low minimum purchase, according to Edmond Hui, the chief executive of Hong Kong brokerage Bright Smart Securities. Ant Group (NYSE:BABA) prices the Hong Kong arm of its dual IPO listing at $80 Hong Kong dollars ($10.32) per share. Ant Group Co. has set the price for its initial public offering in Shanghai, paving the way for a blockbuster sale that may give the Chinese fintech giant a valuation higher than JPMorgan Chase & Co. Ant Group the fintech affiliate of e-commerce giant Alibaba Group Holding Ltd., set its Shanghai offering price at RMB 68.8 ($10.30) a share as the company prepares for the world’s largest initial public offering (IPO) in Shanghai and Hong Kong, reported Caixin.. At HK$80 a share, Ant stock will trade at 30 times this year’s earnings. Ant Group prices IPO at HK$80 per share to give it market cap of $310 billion Published: Oct. 26, 2020 at 7:34 a.m. Ant Group has set its Shanghai IPO price at near 69 yuan per share, which would give the company a market valuation of around 2.1 trillion yuan. Iris Tan, an analyst at Morningstar, said that Ant could face a 25%-50% downside in valuation, if its pre-IPO price-to-book ratio drops to around the level of top global banks. Regarding the details of the upcoming Ant Group IPO, the pricing details have yet to be set. Apple unveils $549 headphones . The billionaire Jack Ma's Ant Group plans to go public, and proceeds from the event could surpass Saudi Aramco's record $29 billion windfall, Bloomberg reported on Tuesday. But that’s not all. Ant Group's IPO stock price . Alibaba, the NYSE-listed Chinese e-commerce giant, holds a 33% stake in Ant Group. Iris Tan, an analyst at Morningstar, said that Ant could face a 25%-50% downside in valuation, if its pre-IPO price-to-book ratio drops to around the level of top global banks. Hong Kong’s exchange, where Ant Group shares also were to be listed, said the issue would be postponed there as well. Ant is the financial technology company affiliated with Chinese e-commerce group Alibaba , which went public on the New York Stock Exchange in 2014 in what was also a world-record setting IPO. Ant Group is expected to raise more than $34 billion from its IPO, which would make it the largest-ever market listing – overtaking Saudi Aramco. China's Ant Group is set to raise $34.4 billion from the world's biggest-ever initial public offering, regulatory filings showed Monday.
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