ant financial valuation
Billionaire Jack Ma’s Ant Group is poised to pull off what could be the biggest initial public offering ever by simultaneously listing in Hong Kong and Shanghai. Every 3 shares of BABA stock gets you between 1-1.5 shares of Ant Group. Nasdaq IPO plans could be hampered by the fact that some holders of Ant Financial shares have already placed them into wealth management products, which would obscure legal ownership. First-day pops only reward insiders who receive pre-IPO allocations. The Hangzhou-based company is lifting the target by at least 12 per cent from a previous estimate of $250 billion after initial discussions with investors, the people said, requesting not to be identified because the matter is private. Made In NYC | Mobile-payment company Ant's parallel listings on the Hong Kong and Shanghai stock exchanges would mark the biggest float on record, beating Saudi Aramco's record-shattering $25.6 billion IPO. Alibaba itself trades at 43 times last year's profits as does rival Tencent 0700.HK, home of Alipay rival WeChat Pay. Last year regulators suddenly took steps to rein in the online lending market - a key growth engine for Ant - as part of its wider crackdown on easy credit. The listing is also drawing interest from other existing investors like Temasek Holdings Pte and the National Council for Social Security Fund, they said. The listing will push the market capitalization of the Shanghai Stock Exchange close to that of the Tokyo Stock Exchange. The company said revenue for the nine months ended in September rose about 43% to 118.2 billion yuan ($17.7 billion) compared to the same period last year. Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Copyrights © 2020 Business Standard Private Ltd. All rights reserved. A 2018 fundraising previously gave Ant Financial an implied value of $150 billion, to make it one of … Luckin Coffee was kicked off the Nasdaq following the disclosure of major accounting irregularities. If all goes well, Ant will be bigger than Goldman Sachs or Wells Fargo. But it could be China itself that causes Ant problems. Robert Kapito, co-founder of U.S. asset manager BlackRock, this week described himself as “shocked” at Ant’s likely valuation but many analysts are not blinking. "Ant is being viewed as this national technology champion — it's investing in AI, it's investing in blockchain," Lu said. 2020 InvestorPlace Media, LLC. Using a two-stage discounted cash flow model with: Creates a fair value of $434 billion. Ant also sells wealth management products and offers small loans and credit scores, among other ventures. They may work this year, but stop working next year, depending on China’s regulations,” said a Hong Kong-based equity analyst with a Japanese asset manager. Based on traditional price-earnings measures, $150 billion implies a price 71 times Ant’s 2017 pre-tax profits or 85 times its net profits, assuming a tax rate of 16 per cent - the average paid by Alibaba in recent years. Ant Fi­nan­cial Tops KP­MG’s Fin­tech100 for Fourth Con­sec­u­tive Year, Ant Fi­nan­cial to Launch Bil­lion Dol­lar Fund for In­dian and South­east-Asian Uni­corns. Jefferies analysts, who believe up to 70 per cent of Ant's 2017 business came from online payments, used Paypal. Mirroring Ma's success with Alibaba, Ant has quickly grown into most powerful tech companies in the world. Lu noted that Ant faces tough competition inside China from rival. At $280 billion, Ant would be bigger than Bank of America Corp. and three times the size of Citigroup Inc., while its sale would top Saudi Aramco’s record $29 billion raise. “It’s hard to analyze their value.”, Reporting by Kane Wu and Julie Zhu in HONG KONG; Editing by Jennifer Hughes and Muralikumar Anantharaman. Ant is closing its Hong Kong institutional book building on Wednesday, a day earlier than scheduled, because of strong demand from global institutional investors, a source familiar with the matter told CNN Business. Ant CEO Eric Jing told Think Business in 2017 that the company named itself after the small insect because it serves "the little guys. Ant, an affiliate of Alibaba Group, is now 50% bigger than Goldman Sachs.Ant’s most recent valuation came in at $150 billion, compared to Goldman Sach’s $99 billion. What it came up with was simple: Alipay. Ant Financial, part of the mega-tech group Alibaba (NYSE:BABA), is planning an initial public offering (IPO) in Hong Kong that will value the firm … And the fledgling transaction payments startup has gone on to dominate Chinese financial services. As a premium subscriber you get an across device unfettered access to a range of services which include: Welcome to the premium services of Business Standard brought to you courtesy FIS. NOPLAT is often used by analysts to measure companies’ operating efficiency because it strips out the impact of interest payments and other financing costs. The Hong Kong hearing before a 28-member panel of external professionals has been expected for weeks but has yet to happen. All rights reserved. Alibaba also holds a whopping 47.3% of China’s cloud computing market share, compared to Amazon’s 32.4% U.S. market share. Billionaire Jack Ma's Ant Group is seeking to lift its funding target to $35 billion through its IPO, after considering early investor interest, Bloomberg said. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. At a valuation of around $150 billion, Ant will trail only the big four state-controlled banks and insurer Ping An among financial-focused firms in China. Alibaba itself trades at 43 times last year's profits as does rival Tencent. Ant Group, the Chinese payments giant, will float its initial public offering on the Hong Kong and Shanghai stock exchanges this year. Our Standards: The Thomson Reuters Trust Principles. Article printed from InvestorPlace Media, https://investorplace.com/2020/10/ant-group-ipo-baba-stock/. A valuation of over $200 billion would make Ant larger than some of America's biggest banks including Goldman Sachs and Wells Fargo. The previous record for an IPO. Ant Financial Valued at $200 Billion by Private Share Transactions, Subscribe to China Banking News for free updates, Ant Group Obtains IPO Approval from Shanghai Bourse, Reportedly Lifts Fund-raising Target to USD$35 Billion, PBOC Warns Commercial Banks over Joint Consumer Loans Made via Ant Group Platforms, Ant Group’s Financial Inclusion Venture with Vanguard Sees Chinese Clients Rise to 200,000. Today, it’s one of the largest financial institutions in the world. Since very few Chinese had debit or credit cards in Alibaba’s early years, the company needed to create its own version. According to figures from Alibaba Alipay and its e-wallet affiliates have around 1.2 billion annual active users, of whom 900 million are located within China. But there’s a catch. How China's Ant Group built a $17 trillion payments machine, False video of Biden aims to make him look unfit for office. Ant Financial is an affiliate of Jack Ma’s Alibaba, and responsible for operating the Alipay payments and online wealth management platform.

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