Ant Group is the shining star in Asia's financial universe and reflects its value on affiliate Alibaba's share price. These figures put Ant Group’s revenue up 38% from the same period in 2019 — a promising trend for interested investors. I agree to the Privacy and Cookies Policy, finder.com Terms of Use and to receive emails from Finder. Charles Schwab, Fidelity and Interactive Brokers are all equipped to handle international trade. Investors who want to take advantage should consider investing in Alibaba (BABA) as it owns a significant piece of Ant Group. Expected to take place in late September or October, this IPO could help Ant raise $30 billion, with simultaneous listings on the Hong Kong and Shanghai stock exchanges. We may receive payment from our affiliates for featured placement of their products or services. You are about to post a question on finder.com: Subscribe to the Finder newsletter for the latest money tips and tricks. In the days leading up to its release, institutional investors vying for a slice of Ant Group were bidding as high as 120 Hong Kong dollars, or $15.50, per share in gray-market trading. Alibaba owns a 33% stake in Ant Group, but the impact on BABA stock is … While the exact details of the meeting remain under wraps, multiple reports suggest that the meeting was called to serve Ant Group a regulatory warning. While the exact details of the meeting remain under wraps, multiple reports suggest that the meeting was called to serve Ant Group a regulatory warning. US lawmakers, government agencies and stock exchanges have since taken steps aimed at limiting Beijing's access to America's vast capital markets. While it’s still not entirely clear why Ant Group’s Shanghai listing was suspended, The Wall Street Journal reported on Nov 12 that China’s President Xi Jinping was personally responsible for Ant Group’s IPO suspension — potentially in response to Jack Ma’s open criticism of the country’s slow and risk-averse banking industry just weeks prior. Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve. Ant will … These are priorities for Chinese President Xi Jinping, she added. This valuation puts it on par with JPMorgan Chase — not only the biggest bank in the US but one of the largest financial institutions in the world. A final option for investors looking to tuck a slice of this Chinese fintech into their portfolio is to wait for the company’s American Depositary Receipt (ADR) to reach US markets. This Alibaba affiliate intended to raise as much as $34.5 billion through its dual-listing. On any given day, you can find her researching everything from equine financing and business loans to student debt refinancing and how to start a trust. We may receive a commission when you click or make a purchase using our site. This Chinese ride-hailing platform plans to premiere on the Hong Kong Stock Exchange. Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. More details Finder® is a registered trademark of Hive Empire Pty Ltd, and is used under license by Finder.com LLC. Here’s how US investors can prepare. Ant Group planned to evenly split its offerings between the two exchanges, with up to 1.67 billion shares up for grabs on each exchange, accounting for 11% of total outstanding shares. The New York Times suggests Ant Group could be worth as much as $310 billion. Ant Group elects to hold off on its Hong Kong release until it can resolve its regulatory issues. On July 20, 2020, Ant Group announced that it had begun the process of a concurrent initial public offering ("IPO") on the Shanghai and Hong Kong stock exchanges. We encourage you to compare stock platforms to find one that's best for your particular budget and goals. The world’s largest fintech company, China’s Ant Group, will try to raise nearly $35 billion in a massive public offering of stock that would shatter records. Most US brokerages only offer access to US stock exchanges, like the NYSE and NASDAQ. In the long run, that could benefit China, directing money to its markets as investors rush to snap up Ant shares. product provider, We cannot provide you with personal advice or recommendations, Get more detailed information and learn how to buy MGI.US stock, Get more detailed information and learn how to buy SE.US stock, Get more detailed information and learn how to buy TCEHY.US stock, How to buy Big Hit Entertainment stock from the US, How to buy stock in Wish (WISH) when it goes public, How to buy stock in Waterdrop when it goes public, Coronavirus (COVID-19): Stocks to buy and how to invest, Approximately USD$2–$3 for international trades, Renaissance Capital’s International IPO ETF. Ant Group, the Chinese ... Shares on the Hong Kong Stock Exchange will be priced at HK$80 ($10.32), and shares on Shanghai’s tech-oriented STAR Market exchange at 68.8 yuan ($10.27). "Ant is being viewed as this national technology champion — it's investing in AI, it's investing in blockchain," Lu said. Select a company to learn more about what they do and how their stock performs, including market capitalization, the price-to-earnings (P/E) ratio, price/earnings-to-growth (PEG) ratio and dividend yield. On November 2, Jack Ma, Ant Group’s billionaire co-founder, was asked to attend a meeting with the China Securities Regulatory Commission and the State Administration of Foreign Exchange. It was the first time a listing of its size was priced outside New York City. Ant Group stock is coming available on public markets in Shanhai and Hong Kong. Once the stock hits the market, keep an eye out for ETFs that add Ant shares to their overall holdings. The projected price for Ant Group's Shanghai stock is 68.8 yuan, while its Hong Kong stock is expected to launch at 80 Hong Kong dollars. Alipay is an online payment services provider. Alibaba Group Holding Ltd.(NYSE:BABA): Ant Group is set to be the biggest IPO in history as it looks to raise $35 billion at a $250 billion valuation. Ant is the financial technology company affiliated with Chinese e-commerce group Alibaba (BABA), which went public on the New York Stock Exchange in … She loves hot coffee, the smell of fresh books and discovering new ways to save her pennies. This constitutes a 50% premium on the listing price and served as an indication of how high the demand was for Ant Group shares. Chinese fintech giant, Ant Group — formerly Ant Financial — operates Alipay, the world’s largest digital payments platform. Gross profit for the period rose 74% to 69.5 billion yuan ($10.4 billion). We may rely on information that is provided to us. By purchasing these ETFs, you’ll gain some exposure to Ant Group’s stock. 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. About ANT Financial Stock. (RTTNews) - Alibaba Group Holding Ltd. (BABA) shares are trading higher on Monday as its financial services arm Ant Financial is planning a dual listing on Hong Kong stock … Available asset types While no guarantee of performance, here’s how some of Ant Group’s competitors have fared: Our pick: Moomoo Ant Group, controlled by Alibaba founder Jack Ma, is gearing up for an IPO. Disclaimer. Should Ant Group’s ADR be released to US investors, it may arrive as a Level 1, Level 2 or Level 3 ADR. While this is a less direct investment than purchasing Ant Group stocks outright, you won’t need an international brokerage account to invest — Alibaba trades on the New York Stock Exchange under the ticker symbol BABA. Learn more about how we make money. Ma was informed that Ant Group would need to face greater scrutiny and restrictions on its capital — similar to those imposed on other financial institutions. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Founded by the Alibaba group, it allows individuals and businesses to execute payments online in a secure manner. Trade stocks on the US, Hong Kong, Shanghai and Shenzhen markets. You can also indirectly add Ant Group stocks to your portfolio by investing in exchange-traded funds (ETFs) that track the stock. Option trade fee Morningstar: Copyright 2018 Morningstar, Inc. All Rights Reserved. All rights reserved. That means the initial public offering will raise some $34.4 billion and value the company at more than $310 billion. , Hong Kong release until it can resolve its regulatory issues as much $. 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