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Ant Financial IPO prospectus

Ant Group's prospectus outlines the company made RMB 21.2 billion in net profit for the six months to June 2020, on revenue of RMB 72.5 billion, representing a YoY increase of 38%, and implying a net profit margin close to 30%. 43% of revenues in 2019 came from digital payment and merchant services, which houses the mobile payment services Ant Group has filed the papers for IPO of the 'A+H' dual-listing. The business details, financial results and future plans are first released to the public in the prospectus. The total equity after issuance will be over 30 billion shares with outstanding shares accounting over 10% IPO What Ant Financial's prospectus reveals about fintech. September 4, 2020. 5 Less than a minute. Facebook Twitter LinkedIn Pinterest Reddit. King ant in the fintech state? The Ant logo in Hangzhou imago / VCG. The Ant Group logo shows a blue ant with one big eye and a smile on its face Alibaba's fintech affiliate Ant Group filed draft IPO prospectuses for a dual listing on the Shanghai and Hong Kong stock exchanges on Tuesday, the first simultaneous listing for a Chinese tech company. Ant Group is reportedly eyeing a $200 billion valuation, which would make it the world's most valuable fintech company A logo hangs on a building of Ant Group, a leading provider of financial services technology in China, on July 23, 2020 in Hangzhou, Zhejiang Province of China. Photo: Wu Jun/VCG/Getty Images. In..

In a prospectus published on Tuesday, Ant Group offered a glimpse into its financials, revealing the size and scale of its operations for the first time. The company says it earned 18 billion. If you take a look at p.307 of Ant's IPO prospectus, the company held only RMB 36b of loan receivables as of end-June 2020 (or about USD 5b). In a vacuum we can't tell whether that's a little or a lot, but that amount doesn't really sound like much for a company with a dominant share of China's USD 14 Trillion economy

The company, which filed its preliminary prospectus in late August, is expected to be listed in October It was a sad day in early November after Ma and others were summoned to a meeting with financial regulators in Hong Kong. Ant Group's monster $30 billion IPO was postponed

Ant Group is an innovative technology provider that strives to bring the world inclusive, green, and sustainable services The digital payment and merchant service was Ant's major source of revenue between 2017 and 2018 but by the first half of 2020 only brought it 36% of revenue because of slower growth in the. Jack Ma's Ant Group will restructure as a financial holding company, China's central bank said on Monday. The fintech giant's $37 billion IPO was derailed by risk-wary regulators days before it. August 26, 2020. by Ledger Insights. Yesterday Ant Group, formerly Ant Financial, filed its preliminary Hong Kong IPO prospectus. The company is going for a dual listing in Hong Kong and Shanghai. The prospectus paints a picture of a fast growing company with more than a billion annual users for its services, with Alipay as the key brand Indeed, Ant's margin has been in decline over the past few years, as the prospectus figures show. Its tech and R&D costs are huge, and Ant is earmarking 40% of IPO proceeds to keep spending here. Jack Ma built Ant this way, and through employee holding companies and his outright 8.8% stake, he will remain firmly in control of Ant Group

The Shanghai bourse described Ant's meeting with financial regulators as a major event which, Only 2% of the loans it had facilitated were on its balance sheet, its IPO prospectus showed Ant's prospectus gave investors the first look at the firm's financial health ahead of the IPO The mutual funds are permitted to invest up to 10% of their AUM in Ant Group's upcoming IPO, with an average investor subscription of RMB 6,000 (roughly US$888) 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 and come as soon as October According to its prospectus, Ant Group is shooting for a US$280 billion (S$381.3 billion) valuation and a US$34.5 billion (S$47.0 billion) IPO if the market conditions are conducive. Also, the company is also expected to sell about 11 per cent of its shares in the IPO

August 31, 2020 3604. Alibaba's payments arm, Ant Group/Financial has filed for IPO in both Hong Kong and Shanghai to issue at least 10% in new shares of its total capital. It is likely to be the largest in global financial history. Over 1.3 billion users worldwide Its prospectus said that over 60 percent of Ant's employees are engineers and programmers. Ant began its fin-to-tech shift two to three years ago, when Chinese regulators beefed up scrutiny on peer-to-peer lending, where investors side-step traditional lenders like banks to lend directly to borrowers, to forestall financial risks in the system Ant Group said to target valuation of $225 Billion in IPO. Sprawling behemoth is expanding fast beyond Alipay app. The mascot for Ant Financial is displayed in the lobby of the company's. Some investors think Ant should be valued at up to $400bn or more in the IPO, two sources told R. Compare that with, say, Industrial and Commercial Bank of China, the world's biggest bank. Ant Group to launch $35bn IPO after clinching regulatory approval. The fintech firm, backed by e-commerce giant Alibaba, plans to list both in Hong Kong and Shanghai in the coming weeks

Ant IPO Saxo Grou

  1. Ant Group Co. Ltd.'s prospectus indicates that it plans to list on both the Hong Kong Stock Exchange and the technology-focused Science and Technology Innovation Board, often dubbed the STAR.
  2. Ant Financial is set to IPO in both the Shanghai and Hong Kong markets. The firm is looking for a $225 billion valuation which it will use to develop internationally. This will be a long-term.
  3. Note: This article is a premium article that first appeared on Patron. Have made it available given the interest around the Ant Group IPO. If you enjoy articles like this, do consider supporting Financial Horse and getting access to premium articles, my personal stock watch list, as well as my personal portfolio allocation. Unless you were living under [

A Glance at Jack Ma's Ant Group's IPO Prospectus: a Giant

Ant Group Receives Final Regulatory Approval for Gigantic

In May 2018, Fidelity invested about $238 million in Ant on behalf of various funds, the WSJ reported citing Ant's IPO prospectus, in a round that valued the company at about $150 billion, higher. At its IPO pricing, Ant's valuation soared to about $315 billion, or over 31 times its forecast 2021 net profit. With the earnings impact of the revamp unknown, one investor said it valued Ant at.

Ant Group IPO - What You Need To Know About The World's

IPO What Ant Financial's prospectus reveals about fintech

Previously, the double IPO at Ant Financials was expected to result in a valuation of around $313 billion. However, that has now been revised downwards by various experts. Eric Schiffer of The Patriarch Organization, for example, believes that the change from a tech fintech to a capital-intensive regulated bank could more than half the valuation and bring it down below $150 billion. 'Behind layers of opaque investment vehicles that own stakes in Ant Financial are a coterie of well-connected Chinese power players, including some with links to political families that represent a potential challenge to President Xi and his inner circle. Those individuals, along with Mr. Ma and the company's top managers, stood to pocket billions of dollars from a listing that would have. Even Ant's 674-page prospectus could conceivably raise more questions than answers. It's a confusing document, conspicuously low on the sort of crystal-clear financial information a prospectus.

What is Ant Group IPO. Ant Group, formerly known as Ant Financial and Alipay, is an affiliate company of the Chinese Alibaba Group. Ant Group is the world's most valuable unicorn company (a privately held startup company valued at over $1 billion) Beginning with Jack Ma's now infamous speech at the Bund Financial Summit on October 24, Ant Financial (now known as Ant Group), Alibaba's prized fintech arm, has gone through a chaotic six months. On November 3, Ant's projected $35 billion IPO was suspended. Then, Ma and other Ant executives were invited for tea by top regulators of the financial system: once in December and again. MyBank is Ant's second-largest customer, according to the IPO prospectus, accounting for 6.2% of Ant's revenue in Q1 2020. (Image credit: TechNode/Eliza Gkritsi) The same goes for investments and insurance: Out of the RMB 4.1 trillion of assets that go through its investmenttech platforms, only 33% of that is directly managed by Tianhong Asset Management, a company that Ant Group has a 51%. Besides Alipay and Yu'ebao, Ant Finance also launched Yulibao, Mybank and a series of financial products including loans, funds and insurance. In June 2020, Ant Financial officially changed its name to Ant Group, indicating Ant Group's future direction

Ant Financial Will go for an IPO ‘Someday,’ Says Alibaba

Ant Group has raised its IPO funding target to $35bn on revised valuation of $250bn. The rise of Ant and its dominance of China's financial landscape has not gone unnoticed by the country's regulators. Ant warned in its prospectus that rising US-China trade tensions could threaten its business as it gears up for the IPO The draft, though not explicitly aimed at Ant, coincided with the financial regulators' meeting with Ant executives. Ant Group could raise as much as $34.5B in IPO in what would be world's. A local newspaper reported that financial institutions in Hong Kong loaned as much as HK$519.2 billion to Ant Group IPO investors. Banks and brokers offered low interest rates of 0.5% to 4% annually, leading to interest costs for investors totaling HK$36 million to HK$284 million for the five days before the scheduled debut, according to Caixin calculations The revision suggests Ant's suspended IPO may never be rekindled, judging by its existing business lineup, Dong Shaopeng, a senior research fellow at the Chongyang Institute for Financial Studies.

Ant Group IPO filings: five key takeaways · TechNod

BEIJING - China has imposed a sweeping restructuring on Jack Ma's Ant Group, the fintech conglomerate whose record $37 billion IPO was derailed b Hopes that Ant Group's IPO may be back on the table have revived, as there seems to be a breakthrough in talks with Chinese regulators. Ant Group, also called Ant Financial, aimed to list its. Source: Ant IPO prospectus, data as of June 30 Several officials said it was better to stop the listing at the 11th hour than to let it proceed and expose investors to potential losses

A Guide to Ant Group, the Biggest IPO of the Year Marke

Ant Group Co. Ltd., the fintech affiliate of e-commerce giant Alibaba Group Holding Ltd., set its Shanghai offering price at 68.8 yuan ($10.30) a share as the company prepares for the world's largest initial public offering (IPO) in Shanghai and Hong Kong. The company priced its dual listing on the Hong Kong Stock Exchange at HK$80 ($10.32) a share, about the same as the price on Shanghai's. The article suggested drawing a clear boundary between Ant Group's financial and nonfinancial businesses while integrating similar services so that every according to Ant's IPO prospectus Ant's huge lending business powers $30bn IPO Some users complain Chinese group is pushing them to take out credit they do not want Ant Financial's revenues from consumer credit are large and. (Bloomberg) -- Zomato Ltd., an Indian food delivery startup backed by Jack Ma's Ant Group Co., has filed an initial prospectus with Indian market regulator for an initial public offering that could raise as much as 82.5 billion rupees ($1.1 billion) Ant Group's highly IPO could be delayed up to six months, the Financial Times reported Thursday. A lengthy delay could reduce the Chinese fintech company's valuation as regulatory pressure.

How Ant Group’s IPO Can Help Alibaba's Share Price - The

Ant Group IPO prospectus: profit, revenue, Alipay user

Ant Financial is set to IPO in both the Shanghai and Hong Kong markets. The firm is looking for a $225 billion valuation which it will use to develop internationally Ant warned in its prospectus that rising U.S.-China trade tension could threaten its business as it gears up for the IPO. If the U.S. were to impose certain sanctions, it coul

Why Ant Financial's IPO was pulled - Private Equity

  1. Ant Financial will likely double its investment Sign In. Info Edge's mega returns and other takeaways from Zomato's IPO prospectus. Early backer Info Edge can expect at least 17x returns on its investment, and Sequoia about 10x,.
  2. HONG KONG: Some of Ant Group's global investors have valued the Chinese fintech firm at over $200 billion based on its 2020 performance, said people with knowledge of the matter, offering a more sober estimate after the shelving of its IPO and forced restructuring. The number is about a third above Ant's valuation after its last fundraising in 2018 when it emerged as the world's most-valuable.
  3. HONG KONG: 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 yesterday.

Secrecy and speed: Inside Ant Group's unusual IPO process

Chinese analysts say that the suspension of Ant Group's record-breaking IPO on the Hong Kong and Shanghai bourses was due to ongoing efforts by Chinese authorities to tighten regulation of online micro-loans, and that the company's valuation is set to undergo major re-adjustment as a result. Ant Group has suspended the USD$34.4 billion IPO that [ Article content. HONG KONG — Some of Ant Group's global investors have valued the Chinese fintech firm at over $200 billion based on its 2020 performance, said people with knowledge of the matter, offering a more sober estimate after the shelving of its IPO and forced restructuring The article suggested drawing a clear boundary between Ant Group's financial and non-financial businesses while integrating similar services so that every according to Ant's IPO prospectus..

Behind Ant Group's Failed IPO, A Sign Of More To Come

Beijing-based online long-term property rental platform Danke Apartment has set its initial public offering price between USD14.50 and USD16.50 to raise up to USD 201 million, according to its updated prospectus filed with the US Securities and Exchange Commission on Wednesday.. The company, which was founded in 2015 and counts Ant Financial among its investors, said USD 80 million will be. Ant Group is actually profitable: it reported a 21.9 billion yuan profit in the six months ended June 30. And while the likes of Afterpay talk up growth prospects in offshore markets like the US. Ant Group will carry out a concurrent initial public offering (IPO) on the Shanghai Stock Exchange's STAR board as well as the Hong Kong stock exchange. The STAR market is China's answer. Financials: As disclosed in its prospectus, Yitu's revenue was $111 million in 2019, and it reported a net loss of $567 million in the same period. What to watch for: Yitu has made its name in applying AI to the medical industry and is gradually expanding its business to other fields, including security and finance Zomato filed its much-awaited draft red herring prospectus (DRHP), for INR 8,250 Cr ($1.1 Bn) initial public offering (IPO) this year

Ant Group - Investor Relation

Ant Financial's plans to go public via a $35bn IPO (at a valuation of $250bn!) in Shanghai and Hong Kong may have hit an 'optical' roadblock considering the US State Department's inclination to include its name to its trade blacklist (the so-called Entity List) 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 of Ant Financial as.

To summarize, ANT IPO failed due to the concerning nature of the financial app. Moreover, the existing financial system condones the lending of money from third parties. It can create a huge problem for the system and cause issues to its users as well It was set to be the biggest IPO in the world, as investors around the globe were watching and waiting for the Ant Group's entry into the financial markets, however its abrupt cancellation made headlines for weeks.Ant Group is a spin-off from Alibaba, and offers users an online finance option for loans, investments and much more. At $34 billion, the Chinese financial technology titan's IPO. Ant Group's valuation is estimated to fall by more than half after the business overhaul. Ant Group and Chinese financial regulators have reached an agreement on the firm's restructuring plan that will put the fintech giant's businesses, including food delivery, blockchain, and mobile payments, into a financial holding company, Bloomberg reported on Wednesday, citing unnamed sources

Ant’s Mega IPO Is Set to Make Group of Elite Insiders Very

Explainer: Ant Group's key revenue drivers as it eyes $200

Ant Group whose $37 billion initial public offering (IPO) was suspended by China's regulators in November, will restructure as a financial holding company, according to a CNBC report.; The terms. The financial technology giant was poised to break the record for the world's largest initial public offering (IPO): Ant Group was estimated to raise approximately $34.4 billion in capital, outdoing the previous record set in 2019 by Saudi Aramco's $29.4 billion IPO

China’s Ant Financial agrees to buy WorldFirst in $700m

With a projected valuation of $37 billion, Ant Group Co. (formerly Ant Financial) froze in its tracks, but not by its own accord. With no resolution in sight, the Ant Group IPO might be holding. Source: Ant Group IPO Prospectus. David Webb, activist investor and founder of Webb-site.com, told AsianInvestor in an email reply that the country, which controls most of the traditional banking system, has belatedly realised that Ant Group is eating into the market share of state-controlled banks, at least in terms of loan origination.. He noted that the government may be concerned that Ant. Ant Group is likely to pull off the largest initial public offering (IPO) in history when it goes public on the Hong Kong and Shanghai exchanges on November 5. The Chinese digital finance giant is.

The Ant Group IPO - Part I - Chinese Characteristics

The IPO, which would've been the largest in history, was to value Ant at over $300 billion. A spokesman for Ant said the details were fully disclosed in the prospects and public business. Ant Group, the online payment provider backed by Alibaba Group filed the prospectus for its initial public offering (IPO) on Tuesday, unveiling some of the people who stand to win big from the listing In today's Finshots, we talk about Ant Financial and how its plans to go public went awry at the last moment. Markets. The Story. Before we get to the IPO, some context on Ant Financial and its genesis. Back in 2003, Jack Ma, the founder of Alibaba, was still trying to get people to buy and sell stuff on his online marketplace Taobao

This comes as some regulators were surprised by Ant's business and financial figures, including the scale and profitability of its credit business, details of which were disclosed for the first time in its IPO prospectus in late August, R reported the first source saying China's president Xi Jinping personally put Ant Group's $37bn (£28bn) blockbuster initial public offering (IPO) on ice, the Wall Street Journal reported.. It comes after Ant's billionaire co-founder Jack Ma criticised the country's handling of the Chinese economy, citing Chinese officials familiar with the matter Ant Financials IPO: Alibaba owned Ant Financial is another awaited IPO of 2020, looking to go public in Hong Kong and China. The company is the highest valued fintech company in the world and is also the world's most valuable unicorn company. As per reports, the company is seeking to raise at least $35 billion in its initial public offering Ant Group's initial public offering to raise $37 billion could be delayed by at least six months and its valuation sharply reduced after the Chinese government intervened and halted its trading debut this week, according to the Financial Times.. A senior central bank official said on Friday that the decision to suspend Ant Group's planned IPO was based on a comprehensive consideration. Ant's thwarted IPO was China's The Shanghai and Hong Kong stock exchanges halted Ant's $35 billion dual IPO last week after China's financial regulators according to its IPO prospectus

China's PSBC eyes e-financial services boom with $10bn IPOWhy Ant Financial's IPO was pulled - Private Equity

Ma, Ant's billionaire co-founder and one of China's most powerful businessmen, was summoned to a rare joint meeting on Monday with the country's central bank and three other top financial regulators. While neither side disclosed details of what was discussed, people familiar with the matter said Ant's leadership team was told the company will face increased scrutiny and be subject to. Ant Financial, part of the mega-tech group Alibaba , is planning an initial public offering (IPO) in Hong Kong that will value the firm at a massive $200+ billion valuation, according to a report As the IPO prospectus shows, Ant's Alipay app has more than 710 million monthly users and 80 million monthly active merchants making use of the Alipay platform Exchanges and regulators scrutinise the IPO prospectus and question the company about key issues including its financials, corporate governance, shareholders and risk factors as part of the review Ant IPO may be delayed six months, chairman says Billions in subscription funds for Ant's massive IPO will be returned to retail and strategic investors, who can reapply when the Group gets the green light to go ahead; sudden move by regulators comes amid concern over information disclosure and 'excessive fees Ant Financial Plans Dual IPO Listing at Shanghai and Hong Kong Stock Exchanges Jul 20 2020 · 11:46 UTC | Updated Oct 27 2020 · 13:36 by Steve Muchoki · 3 min read Ant Financial Services Group.

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