Shortly afterwards, it scored US$10B in funding from overseas investors including Singapore’s GIC and Temasek, and Warburg Pincus (Reuters). Buy or sell ANT Financial stock pre IPO via an EquityZen ... or endorsement from ANT Financial or any companies feature above. China's tech giants face 'new business realities' across the world, Chinese automakers show off concept sportscars, amid auto market slump, reported valuation of around $150 billion, mobile payments and money market funds for consumers, which is preparing for a secondary listing in Hong Kong. He added that the company is expanding into newer areas, such as providing financial services to small and medium-sized businesses.
Our goal is to help you make an informed and intelligent business decision. The stock has traded in a range between $60 and $82 this year, but many analysts think an ANT Financial IPO could help BABA stock climb as high as $90-$100 a share. Get on now and you'll be getting on the ground floor of what may very well be the biggest financial opportunity of the decade. Huabei (Ant Credit Pay) – a virtual credit card type of product that facilitates credit payments, MYbank – a private online bank that lives entirely on the cloud, Jiebei (Ant Cash Now) – a consumer loan service, Ant Fortune – a comprehensive wealth management app, ZOLOZ – a global biometric-based identity verification platform, This page was last edited on 1 November 2020, at 17:22.
Much of Ant Financial's growth can be attributed to the rise of mobile payments and money market funds for consumers in China. If need be, Ant can use the public market to issue shares to fund its growth. An initial public offering (IPO) refers to the process of offering shares of a private corporation to the public in a new stock issuance. Feagin said the average size of loans his company gives out is around $1,600. "Indeed, we have an ambition of serving 2 billion consumers over the next 10 plus years and so clearly the majority of those are going to come from outside China. © 2020 CNBC LLC. Bruce Pang, head of macro and strategy research at China Renaissance Securities, said companies typically need at least two weeks to complete their IPOs and start trading in Hong Kong after obtaining approval from the city's stock exchange. The company currently has over 1.2 billion users around the world, according to Feagin. Regardless, when Ant decides to IPO, it will definitely top the list as one of the world’s biggest IPOs. Ant, which is controlled by billionaire Jack Ma, will be the first company to list on both markets at the same time since the IPO of Agricultural Bank of China in 2010, which raised $22.1 billion, according to Dealogic. Feagin's comments were in line with what other company executives, including CEO Eric Jing, have repeatedly said when asked about listing plans. However, it is one of the most anticipated IPOs of 2020. To date, Ant Financial, a spin-off from tech billionaire, Jack Ma's Alibaba Group Holdings, has raised funding in excess of US$20B pre-IPO, making it one of the largest (if not THE largest!) In the first quarter of 2018, Ant Financials’ pretax profit reached a new high of RMB9.18B, which was a staggering 65% jump in earnings before tax! Ant Group (Chinese: 蚂蚁金服; pinyin: Mǎyǐ jīn fú), formerly known as Ant Financial and Alipay, is an affiliate company of the Chinese Alibaba Group. IPO Wait allows investors to wait for hot IPOs.
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