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). 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. Avoid profanity, slander or personal attacks. Voting is open during market hours. 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. Since you’ve just unblocked this person, you must wait 48 hours before renewing the block. Ant, backed by Jack Ma, billionaire founder of e … 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. By doing so, you and %USER_NAME% will not be able to see This comment has already been saved in your, You all didn't receive the news is it? Else you don't sell everyone is selling already. 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). Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website. Got chance to sell then sell. Thanks for your comment. Sign up to create alerts for Instruments, The business provides consumers with digital payment services and helps merchants collect payments. any of each other's Investing.com's posts. Your ability to comment is currently suspended due to negative user reports. Company profile page for Ant Group Co Ltd including stock price, company news, press releases, executives, board members, and contact information Bad new that higher ranking official from stock exchange want to closely monitor on this IPO. 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. 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. %USER_NAME% was successfully added to your Block List. Since you’ve just unblocked this person, you must wait 48 hours before renewing the block. 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.. 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. Ant Group is the shining star in Asia's financial universe and reflects its value on affiliate Alibaba's share price. Terms apply. All Rights Reserved. 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. Your status will be reviewed by our moderators. Home - Ant Group’s shock IPO suspension hammers share price of Alibaba. The financial services company controlled by billionaire Jack Ma is set to raise a gargantuan $34 billion. 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 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. Market is currently closed. 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. All Rights Reserved. The company filed paperwork on Tuesday evening for a joint listing closer to home as tensions spiral between the United States and China. Ant Group’s blockbuster Shanghai share sale gathers momentum, as overseas investors clamour for China exposure Ant’s pre-money valuation is … Sign up to create alerts for Instruments, 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. 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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. Hailat lo ! What gets Ant to those lofty valuations is the expansion of its tech platform and improving margins. 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. It may therefore take some time before it appears on our website. © 2007-2021 Fusion Media Limited. 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. This is the main Ant Group Co Ltd stock chart and current price. Shares were expected to go live on their respective exchanges on November 5 but the listing has since been canceled. This is the main Ant Group Co Ltd stock chart and current price. https://www.bangkokpost.com/world/2013291/chinas-ant-group-facing-regulatory-pressure-ahead-of-record-ipo. Please note that all comments are pending until approved by our moderators. any of each other's Investing.com's posts. Business. The Ant Group is the world’s largest Fintech company, and the most innovative. Shares are expected to go live on their respective exchanges on 5 November. Ant Group's Shanghai-listed shares will be priced at 68.8 yuan each. Follow Ant Group share price and get more information. Chinese financial technology giant Ant Group looks set to make the world's largest stock market debut. Market is currently closed. Or a Hong Kong share price of between HK$100 and over HK$130. Jack Ma, the founder of both Alibaba and Ant Group, is one of China's richest and most prominent entrepreneurs. 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. Ant Group is a Chinese online payment giant created by the founder of Alibaba, Jack Ma. Economic Events and content by followed authors, Write your thoughts about Ant Group Co Ltd. Are you sure you want to delete this chart? 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. ANT FINANCIAL is part of the Consumer Cyclical business sector. You can find more details by going to one of the sections under this page such as historical data, charts, technical analysis and others. Your ability to comment is currently suspended due to negative user reports. 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. We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. They pioneered many new forms of digital finance, faster and bigger than anyone else. Please wait a minute before you try to comment again. Chinese fintech giant Ant Group sets share price, trading date in record-setting IPO. 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. 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. 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. Are you sure you want to block %USER_NAME%? Replace the attached chart with a new chart ? Replace the attached chart with a new chart ? 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. © 2007-2021 Fusion Media Limited. Thanks for your comment. Your status will be reviewed by our moderators. November 5, 2020. 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. 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. On eToro, you can buy $ANT.HK or other stocks and pay ZERO commission! The Company operates three major businesses. 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.

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