Avoid profanity, slander or personal attacks. All Rights Reserved. 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, backed by Jack Ma, billionaire founder of e … 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. Jack Ma, the founder of both Alibaba and Ant Group, is one of China's richest and most prominent entrepreneurs. Else you don't sell everyone is selling already. 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. %USER_NAME% was successfully added to your Block List. Please wait a minute before you try to comment again. 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. 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. Are you sure you want to block %USER_NAME%? Your status will be reviewed by our moderators. The digital payment and merchant services business operates its primary product which is a mobile payment application named Alipay. What is Ant Group’s business model? But Ant Group, which has more than 700 … Hailat lo ! Market is currently closed. Shares were expected to go live on their respective exchanges on November 5 but the listing has since been canceled. Are you sure you want to block %USER_NAME%? Thanks for your comment. You can find more details by going to one of the sections under this page such as historical data, charts, technical analysis and others. It may therefore take some time before it appears on our website. 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The company filed paperwork on Tuesday evening for a joint listing closer to home as tensions spiral between the United States and China. https://www.bangkokpost.com/world/2013291/chinas-ant-group-facing-regulatory-pressure-ahead-of-record-ipo. Business. 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 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). 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 This is the main Ant Group Co Ltd stock chart and current price. Your status will be reviewed by our moderators. Chinese financial technology giant Ant Group looks set to make the world's largest stock market debut. Through cooperation with insurance companies, the InsureTech platform provides insurance products. Your ability to comment is currently suspended due to negative user reports. They pioneered many new forms of digital finance, faster and bigger than anyone else. 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. The CreditTech platform mainly provides credit services to unserved or underserved consumers and small and micro business operators. You can find more details by going to one of the sections under this page such as historical data, charts, technical analysis and others. 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. This is the main Ant Group Co Ltd stock chart and current price. Replace the attached chart with a new chart ? Or a Hong Kong share price of between HK$100 and over HK$130. Avoid profanity, slander or personal attacks. What gets Ant to those lofty valuations is the expansion of its tech platform and improving margins. Bad new that higher ranking official from stock exchange want to closely monitor on this IPO. Please note that all comments are pending until approved by our moderators. Home - Ant Group’s shock IPO suspension hammers share price of Alibaba. It may therefore take some time before it appears on our website. November 5, 2020. Follow Ant Group share price and get more information. The Company operates three major businesses. 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. This comment has already been saved in your, You all didn't receive the news is it? Got chance to sell then sell. Voting is open during market hours. Terms apply. Your ability to comment is currently suspended due to negative user reports. We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. On eToro, you can buy $ANT.HK or other stocks and pay ZERO commission! Good luck for those who bought in before IPO. © 2007-2021 Fusion Media Limited. 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. Company profile page for Ant Group Co Ltd including stock price, company news, press releases, executives, board members, and contact information 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. 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. Ant Group is a Chinese online payment giant created by the founder of Alibaba, Jack Ma. Alibaba Opportunity. Since you’ve just unblocked this person, you must wait 48 hours before renewing the block. © 2007-2021 Fusion Media Limited. 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. Voting is open during market hours. Please wait a minute before you try to comment again. Market is currently closed. 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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). Replace the attached chart with a new chart ? Shares are expected to go live on their respective exchanges on 5 November. any of each other's Investing.com's posts. 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 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 is the shining star in Asia's financial universe and reflects its value on affiliate Alibaba's share price. Since you’ve just unblocked this person, you must wait 48 hours before renewing the block. 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 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. 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. %USER_NAME% was successfully added to your Block List. Chinese fintech giant Ant Group sets share price, trading date in record-setting IPO. Ant Group’s blockbuster Shanghai share sale gathers momentum, as overseas investors clamour for China exposure Ant’s pre-money valuation is … 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. By doing so, you and %USER_NAME% will not be able to see Please note that all comments are pending until approved by our moderators. The Ant Group is the world’s largest Fintech company, and the most innovative. Sign up to create alerts for Instruments, 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. All Rights Reserved. Thanks for your comment. 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. The financial services company controlled by billionaire Jack Ma is set to raise a gargantuan $34 billion. By doing so, you and %USER_NAME% will not be able to see Economic Events and content by followed authors, Write your thoughts about Ant Group Co Ltd. Are you sure you want to delete this chart? The business provides consumers with digital payment services and helps merchants collect payments. 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. 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. any of each other's Investing.com's posts. Economic Events and content by followed authors, Write your thoughts about Ant Group Co Ltd. Are you sure you want to delete this chart? The innovation initiatives and others business provides cross-border remittance services using blockchain technology and other services. Access detailed information about the Ant Group Co Ltd (688688) Share including Price, Charts, Technical Analysis, Historical data, Ant Group Reports and more. 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. 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. Ant Group's Shanghai-listed shares will be priced at 68.8 yuan each. ANT FINANCIAL is part of the Consumer Cyclical business sector. 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. 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. Merchants collect payments Alibaba 's share price of Alibaba, Jack Ma is set to make the world 's stock. 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