The digital payment and merchant services business operates its primary product which is a mobile payment application named Alipay. 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. Please note that all comments are pending until approved by our moderators. Else you don't sell everyone is selling already. 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. Ant Group, which started out as a payments services for Alibaba's e-commerce platform Taobao, has since expanded to offer insurance and investment products to its hundreds of millions of users in mainland China. Thanks for your comment. Good luck for those who bought in before IPO. The Ant Group is the world’s largest Fintech company, and the most innovative. Ant Group’s market cap will be approximately RMB 2.09 trillion, based on the IPO price and assuming that the over-allotment option is not exercised. The IPO for Ant Group, the financial technology arm of Alibaba, is being billed as one of the world's largest listings, potentially eclipsing the record $29 billion raised by Saudi Aramco last year. Your status will be reviewed by our moderators. The CreditTech platform mainly provides credit services to unserved or underserved consumers and small and micro business operators. This is the main Ant Group Co Ltd stock chart and current price. November 5, 2020. Alibaba’s Hong Kong share price fell over 7% on Monday (28 December 2020) morning This comes despite the group raising the share buyback amount to US$10 billion from US$6 billion previously On Sunday (27 December 2020), Chinese authorities also announced the results of a recent antitrust probe into Ant Group, Alibaba’s fintech arm The innovation initiatives and others business provides cross-border remittance services using blockchain technology and other services. Company profile page for Ant Group Co Ltd including stock price, company news, press releases, executives, board members, and contact information ANT FINANCIAL, created in 2014 (China), belongs to our Top Popularity Web, has more than 72 sister brands and more than 2 883 competing brands.ANT FINANCIAL is a brand of Alibaba Group listed on the New York stock exchange. Meanwhile, Bernstein’s Dai said Ant Group will be “highly accretive to current share price of Alibaba.” Alibaba’s U.S.-listed shares closed at $254.81 on Monday. Replace the attached chart with a new chart ? Since you’ve just unblocked this person, you must wait 48 hours before renewing the block. © 2007-2021 Fusion Media Limited. Shares were expected to go live on their respective exchanges on November 5 but the listing has since been canceled. Ant Group's Shanghai-listed shares will be priced at 68.8 yuan each. 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 operates three major businesses. Mon, Oct 26, 2020 - 7:50 PM China's Ant Group on Monday set the pricing for the Shanghai leg of its mega dual-listing at 68.8 yuan (S$13.96) per share, the company said in a filing to the local exchange. Ant Group is the shining star in Asia's financial universe and reflects its value on affiliate Alibaba's share price. By doing so, you and %USER_NAME% will not be able to see 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. Bad new that higher ranking official from stock exchange want to closely monitor on this IPO. %USER_NAME% was successfully added to your Block List. All Rights Reserved. Economic Events and content by followed authors, Write your thoughts about Ant Group Co Ltd. Are you sure you want to delete this chart? Get today's Ant Group Co Ltd stock price and latest 6688 news as well as Ant Group real-time stock quotes, technical analysis, full financials and more. ANT FINANCIAL is part of the Consumer Cyclical business sector. They pioneered many new forms of digital finance, faster and bigger than anyone else. Please wait a minute before you try to comment again. Please wait a minute before you try to comment again. The business provides consumers with digital payment services and helps merchants collect payments. Sign up to create alerts for Instruments, The projected price for Ant Group’s Shanghai stock is 68.8 yuan (about £7.97), while its Hong Kong stock is expected to launch at 80 Hong Kong dollars (about £8). 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. Access detailed information about the Ant Group Co Ltd (688688) Share including Price, Charts, Technical Analysis, Historical data, Ant Group Reports and more. Avoid profanity, slander or personal attacks. Ant, backed by Jack Ma, billionaire founder of e … Avoid profanity, slander or personal attacks. Thanks for your comment. We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. The projected price for Ant Group’s Shanghai stock is 68.8 yuan, or $10.26, while its Hong Kong stock is expected to launch at 80 Hong Kong dollars, or $10.32. Ant Group’s share price for its Hong Kong listing is set at HK$80 (£7.93), while its Shanghai listed stock will start trading at 68.8 yuan (£5.72). Chinese financial technology giant Ant Group looks set to make the world's largest stock market debut. All Rights Reserved. Business. Last Thursday regulators also launched an anti-monopoly investigation into Alibaba-- of which Ant Group is a subsidiary -- sending the share price of the e-commerce giant tumbling and intensifying the troubles of its billionaire founder Ma. Ant Group is a Chinese online payment giant created by the founder of Alibaba, Jack Ma. Are you sure you want to block %USER_NAME%? The shares jumped 8.5% on Wednesday after Ma emerged in public for the first time since China began clamping down on his businesses, ending several months of speculation over his whereabouts. But Ant Group, which has more than 700 … Hailat lo ! Your ability to comment is currently suspended due to negative user reports. This is the main Ant Group Co Ltd stock chart and current price. Voting is open during market hours. Analysts and tech-focused portfolio managers who have spoken to The Edge believe 12 months after its IPO, Ant Group could be worth anything from US$390 billion up to US$500 billion. Alibaba Opportunity. On eToro, you can buy $ANT.HK or other stocks and pay ZERO commission! 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. By doing so, you and %USER_NAME% will not be able to see China's Ant Group Co Ltd on Monday set the pricing for the Shanghai leg of its mega dual-listing at 68.8 yuan ($10.27) per share, the company said in a filing to the local exchange. 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By Sophie Yu and Brenda Goh BEIJING/SHANGHAI (Reuters) - China on Tuesday published draft rules aimed at preventing monopolistic behaviour by internet platforms, a move that will... (Reuters) - Alibaba Group beat third quarterly revenue estimates on Thursday, driven by e-commerce growth after China emerged from coronavirus lockdowns, and said it was... By Humeyra Pamuk, Alexandra Alper and Karen Freifeld WASHINGTON (Reuters) - The Trump administration has put on hold an effort to blacklist Ant Group Co Ltd (HK:6688)... Ant Group Co Ltd is a company engaged in providing digital payment services and operating digital finance technology platforms. Terms apply. Since you’ve just unblocked this person, you must wait 48 hours before renewing the block. What is Ant Group’s business model? Get today's Ant Group Co Ltd stock price and latest 688688 news as well as Ant Group real-time stock quotes, technical analysis, full financials and more. The company filed paperwork on Tuesday evening for a joint listing closer to home as tensions spiral between the United States and China. Through cooperation with insurance companies, the InsureTech platform provides insurance products. What gets Ant to those lofty valuations is the expansion of its tech platform and improving margins. It may therefore take some time before it appears on our website. Market is currently closed. The financial services company controlled by billionaire Jack Ma is set to raise a gargantuan $34 billion. Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators. By Sophie Yu and Brenda Goh BEIJING/SHANGHAI (Reuters) - China on Tuesday published draft rules aimed at preventing monopolistic behaviour by internet platforms, a move that will... By Scott Murdoch and Kane Wu HONG KONG (Reuters) - Some professional investors who bought Ant Group stock in its $37 billion IPO are fuming that regulatory risks were not better... By Humeyra Pamuk, Alexandra Alper and Karen Freifeld WASHINGTON (Reuters) - The Trump administration has put on hold an effort to blacklist Ant Group Co Ltd (HK:6688)... We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. From Jul-19 to Jun-20, Ant Group’s core net profit was RMB 44.1 billion, implying a trailing P/E of 47.4x. any of each other's Investing.com's posts. You can find more details by going to one of the sections under this page such as historical data, charts, technical analysis and others. Or a Hong Kong share price of between HK$100 and over HK$130. Alibaba Group Holding Ltd., which holds a stake in Ant, fell for a second day in Hong Kong, dropping 2.9% at 9:57 a.m. any of each other's Investing.com's posts. Follow Ant Group share price and get more information. This comment has already been saved in your, You all didn't receive the news is it? 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.. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion. It may therefore take some time before it appears on our website. Chinese fintech giant Ant Group sets share price, trading date in record-setting IPO. Jack Ma’s Ant Group IPO will be the biggest ever in history, taking over the record set by oil giant Saudi Aramco’s $29.4 billion IPO in 2019. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion. © 2007-2021 Fusion Media Limited. https://www.bangkokpost.com/world/2013291/chinas-ant-group-facing-regulatory-pressure-ahead-of-record-ipo. Ant Group’s blockbuster Shanghai share sale gathers momentum, as overseas investors clamour for China exposure Ant’s pre-money valuation is … Economic Events and content by followed authors, Write your thoughts about Ant Group Co Ltd. Are you sure you want to delete this chart? Got chance to sell then sell. A successful IPO of Ant Group, the fintech arm of Alibaba Group, on the Shanghai and Hong Kong exchanges will bode well for the future of U.S.-listed Chinese companies. Home - Ant Group’s shock IPO suspension hammers share price of Alibaba. Sign up to create alerts for Instruments, This comment has already been saved in your, Top Iran leader posts Trump-like image with drone, vows revenge, Oil Hit With Biggest One-Day Loss in Week After US Crude Build, Tesla Q4 Earnings Need To Justify 800% Jump In Its Stock Price, How Not To Become A Bitcoin Millionaire (But What To Do If Profit Is Preferred), 5 Mega Cap Superstar Tech Stocks Poised For Stellar Q4 Earnings Results, Vanguard Total Bond Market II Index Fund Investor, PIMCO Commodity Real Return Strategy Institutional, SG FTSE MIB Gross TR 5x Daily Short Strategy RT 18, Vontobel 7X Long Fixed Lever on Natural Gas 8.06, China ups scrutiny of tech giants with draft anti-monopoly rules, For some Ant investors, outrage that regulatory risks weren't flagged better, Exclusive: Trump administration shelves bid to blacklist China's Ant Group - sources, Direxion Daily Junior Gold Miners Bull 2X Shares, U.S. Commodity Futures Trading Commission (United States), Securities and Exchange Commission (United States), To use this feature, make sure you are signed-in to your account, Make sure you are signed-in with the same user profile. Shares are expected to go live on their respective exchanges on 5 November. Please note that all comments are pending until approved by our moderators. Replace the attached chart with a new chart ? Are you sure you want to block %USER_NAME%? You can find more details by going to one of the sections under this page such as historical data, charts, technical analysis and others. Jack Ma, the founder of both Alibaba and Ant Group, is one of China's richest and most prominent entrepreneurs. Market is currently closed. %USER_NAME% was successfully added to your Block List. The digital finance technology platform business helps financial institutions enlarge their customers and provide a series of financial services through its CreditTech platform, InvestmentTech platform and InsureTech platform. Voting is open during market hours. Be able to see any of each other negative user reports get more information pending until approved by our.... 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