The operator of a cloud-based financial platform designed to provide cloud computing services to financial enterprises. HONG KONG--Hong Kong's stock exchange gave Ant Group Co. a green light to proceed with its long-awaited initial public offering in the city, according to a person familiar with the matter, paving the way for what will likely be a record-breaking share sale. Investopedia uses cookies to provide you with a great user experience. If you want to buy pre ipo shares in Ant, or just want more news about the IPO date, then please join the Ant Financial IPO Wait List. Based in Hangzhou, China, Ant Financial owns Alipay, a mobile payments network and is one of the largest non-bank lenders in China. And now, their 2020 IPO opens up the opportunity for investors like you to get a piece of the valued $150 billion pie. ", He said Asia was a "huge growth market" and a "key focus for the whole Alibaba economy.". Ant Financial has not yet commented on the report. This site is protected by reCAPTCHA and the Google All you have to do is download this report, and we'll fill you in on every single bit of detail you need to know. © Copyright 2020 Morningstar, Inc. All rights reserved. As with any other investment opportunity, there is always an element of risk. The company is in the process of completing a registration with the Chinese securities regulator in order to launch its Shanghai offering, the person familiar with the matter said. This was followed by a US$2B funding infusion by allowing Chinese investors in on the action (Bloomberg). BAT is an acronym referring to Baidu Inc., Alibaba Group Holding Ltd. and Tencent Holdings Ltd. Circle (Financial Services Company) Definition, Brazil, Russia, India, China and South Africa (BRICS). There will never be a better time to invest in Ant Financial than now. We don't want to fill you with just the hype. We want to hear from you. 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. Much of Ant Financial's growth can be attributed to the rise of mobile payments and money market funds for consumers in China. A Division of NBCUniversal. Ant Financial and logo are trademarks of Stockmarket Insider. Ant Financial offers a full suite of financial services from mobile payments, savings accounts, personal investing, lending, and credit scoring. Terms of Service apply. TechNode", "Ant Financial acquires UK payments firm -", "Trump administration to consider adding China's Ant Group to trade blacklist - sources", "U.S. Explores Curbs on Ant Group, Tencent Payment Systems", "Alipay Overtakes PayPal As The Largest Mobile Payments Platform In The World", "Chinese money market fund becomes world's biggest", "Data From Alibaba's E-Commerce Sites Is Now Powering A Credit-Scoring Service", "Pay with your face at this KFC in China", "Ant Financial Group to create one brand across its financial products", "Hoping to Strike Gold Again, Silver Lake Leads Investment in Koubei", "How Ant Financial grew larger than Goldman Sachs", "Alibaba Finance Affiliate Launches Fund Investment Smartphone App", "Millions Rush to Join a Wild New Health Plan From Jack Ma's Ant", "Chinese initiative Ant Forest wins UN Champions of the Earth award", "Alibaba-linked Ant Forest wins top UN green award -", "Megvii, the Chinese startup unicorn known for facial recognition tech, files to go public in Hong Kong", "Chinese AI start-up Megvii raises $750 million ahead of planned HK IPO", "Report Shows Sophistication of China Mass Surveillance", "Rights Group Corrects Report Tying Megvii to Xinjiang Police", "Addition of Certain Entities to the Entity List", "李开复"口误"?起底"数据交易"传闻下的旷视科技:卖摄像头才是"主业",蚂蚁是最大股东", "Fintech: AI powers financial services to improve people's lives", "Alibaba's Ant Financial partners with Hutchison to develop its Alipay service in Hong Kong",, Financial services companies established in 2014, Pages with non-numeric formatnum arguments, Short description is different from Wikidata, Articles containing Chinese-language text, Articles containing simplified Chinese-language text, Creative Commons Attribution-ShareAlike License, Zhou Zhifeng (Board Secretary and General Counsel), Angel Zhao (President of International Business Group), Huang Hao (President of Digital Finance Business Group), Geoff Jiang (President of Intelligent Technology Business Group), Douglas Feagin (Senior Vice President of Global Business). Stockmarket Insider does not have an affiliation with, formal relationship with, or endorsement from Ant Financial or any companies featured above. We put this Investment Fact Sheet together in a meticulous fashion to make sure you get all the angles. Ant was previously valued at $150 billion in a private fundraising round in mid-2018. And now that it's entering its final stages of preparation before its IPO, the biggest question is... ...HOW CAN YOU TAKE ADVANTAGE OF THIS HUGE WINDFALL? Shortly afterwards, it scored US$10B in funding from overseas investors including Singapore’s GIC and Temasek, and Warburg Pincus (Reuters). Don't get it wrong. And Ant Financial is still growing at an exponential rate, with a current $150 billion implied evaluation! But Ant Financial's head of international business, Douglas Feagin, reiterated the company line and said there is no timetable for an IPO. Your email address will not be published. Your email address will not be published. Ant Financial is not publically traded (yet). And that can only happen if you know all the facts and you're armed with useful and actionable information - such as what we've put together in this report for you. However, it is one of the most anticipated IPOs of 2020. If you're not sure of an investment's suitability for your circumstances please seek advice. Alibaba, E-commerce giant holds a 33% stake in Ant Financial. "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. By using Investopedia, you accept our. In short? The offers that appear in this table are from partnerships from which Investopedia receives compensation. 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. The biggest "constraint" the company faces is attracting more talent to support business growth, according to Feagin. In its last round of funding in April 2016, Ant Financial raised $4.5 billion, which gave it a valuation of $60 billion at the time. Alibaba Group is looking to raise $9 billion in its latest round of funding for its affiliate financial services firm, Ant Financial, making it one of the world’s most valuable companies. Regardless, when Ant decides to IPO, it will definitely top the list as one of the world’s biggest IPOs. Save my name, email, and website in this browser for the next time I comment. The record for the most money gathered by a company going public was Saudi Aramco's IPO last year, which ended up raising $29.4 billion. With publicly traded shares, Ant can use its stock as currency to buy other companies. Some analysts are valuing the private company at over $200 Billion! The company operates the massive Alipay service that handles financial transactions on Alibaba's Taobao and Tmall e-commerce platforms and can be used as a digital payment option in stores and restaurants. In the quarter ending last September, Ant added $309 million to Alibaba’s bottom line, and the eCommerce giant traded its 37.5 percent pre-tax profits for a 33 percent equity stake. Feagin's comments were in line with what other company executives, including CEO Eric Jing, have repeatedly said when asked about listing plans. All Rights Reserved. Stock exchanges in Shanghai and Hong Kong are likely to post updated versions of prospectuses on Ant's listings at the same time, the person added. This is not personal advice. Unlike other private tech companies who go public to pay off debt, Ant Financial has been profitable for at least three years. Douglas Feagin, president of International Business Group of Ant Financial. If the company went public, which it is planning to do, it would be the world’s largest “unicorn,” or a private company going public at more than $1 billion. Ant Financial contributes 37.5 percent of its profit to Alibaba. Alipay – a mobile wallet app supports make and accept payments. Shares will rise and fall in value, so you could make a loss, and the income they pay can also vary. Other trademarks are the property of their respective owners. That suggests that Ant won't become a publicly traded company before the first week of November. Get your free in-depth investor report below! (See also: Alibaba’s Stock Is Undervalued: Raymond James.). The company, an affiliate of Alibaba Group Holding Ltd., could raise more than $30 billion with the two offerings and earn a market valuation between $200 billion and $300 billion, the Journal previously reported. Ant Financial shares are being offered privately at levels which value the Chinese financial giant at $200 billion. Still, that's not stopping Ant Financial from setting ambitious targets. Ant Financial has already raised over $22 Billion in private equity. Ant Financial isn't done expanding yet - planning to expand its user base to 2 billion over the next ten years and attract customers outside of China.

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