While inclusion on the trade blacklist would not have stopped US investors from buying shares, it would have forced US suppliers to apply for special licenses before selling to the company. To amend its listing, Ant Group needs to resolve its regulatory issues and meet listing conditions for information disclosure requirements. $0 How to buy PMV Pharmaceuticals stock | $35.99, finder.com is a financial comparison and information service, not a bank or Mirroring Ma's success with Alibaba, Ant has quickly grown into most powerful tech companies in the world. Alipay is an online payment services provider. We need your consent to our privacy policy. We’ll update this page as more information becomes available. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. To ensure you have the most up to date information, you should verify relevant information with the product or service provider and understand the information they provide. It has established its presence in every aspect of financial life in China, from investment accounts and micro savings products to insurance, credit scores and even dating profiles. Ant Group has apologized to investors and pledges to refund the money it has collected. We encourage you to compare stock platforms to find one that's best for your particular budget and goals. The previous record for an IPO. Shannon Terrell is a writer for Finder who studied communications and English literature at the University of Toronto. This environment is likely a major reason Ant chose to list on exchanges in Shanghai and Hong Kong, rather than follow Alibaba to Wall Street. Beijing hopes the company's decision to sell 1.67 billion shares in both Hong Kong and Shanghai, or about 11% of the company in total, will attract the seasoned institutional investors it has long courted. Ant Group is the shining star in Asia's financial universe and reflects its value on affiliate Alibaba's share price. 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. 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 may also receive payment if you click on certain links posted on our site. 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. The mammoth dual listing for Chinese fintech giant Ant Group will be the world's biggest, according to a pricing determined on Friday night, Alibaba founder Jack Ma said on Saturday.... | December 6, 2020 All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC 2018 and/or its affiliates. Ant Group elects to hold off on its Hong Kong release until it can resolve its regulatory issues. We may receive payment from our affiliates for featured placement of their products or services. 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. Analysts believe the delay may slash Ant Group’s value by up to $140 billion. By accessing this page, you agree to the following By purchasing these ETFs, you’ll gain some exposure to Ant Group’s stock. Available asset types Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. If successful, the listing would break world records for the largest IPO to date. US lawmakers, government agencies and stock exchanges have since taken steps aimed at limiting Beijing's access to America's vast capital markets. Level 2 and 3 ADRs must file SEC reports, with only Level 3 ADRs being allowed to list on major US markets. She loves hot coffee, the smell of fresh books and discovering new ways to save her pennies. We evaluate stock trading platforms against a range of metrics that include fees, ease of use, available securities and advanced tools to meet specific investor needs. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. BABA’s affiliate Ant Group, which is valued at approximately $210 billion, is the currently biggest fintech company in the world, and is expected to grow even more following its IPO. Level 1 ADRs are the most risky, as they don’t require an SEC report and typically only trade on over-the-counter exchanges. Monday, November 30: Due to regulatory changes in China, the Ant Group IPO might be delayed into 2022, Bloomberg reported. Monday, October 26: Ant Group announces its expected IPO prices: 68.8 yuan, or $10.26 for its Shanghai stock and 80 Hong Kong dollars, or $10.32 for its Hong Kong stock. This article contains links to products or services from one or more of our advertisers or partners. 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. 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. How China's Ant Group built a $17 trillion payments machine, Hear Ashton Kutcher's plea to lawmakers on proposed child abuse legislation, These Trump supporters say big tech is biased. This is a less direct investment than purchasing Ant Group stocks outright and you’ll need a share-trading account that lets you trade US stocks. You are about to post a question on finder.com: Subscribe to the Finder newsletter for the latest money tips and tricks. Option trade fee Pros and cons to consider before investing in Chinese stocks. On October 26, 2020 , Ant Group priced its IPO and was set to raise $34.5 billion , making it the largest public offering in history. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. But reports suggest a new IPO prospectus must be drawn and submitted — a process that could delay the company’s dual-listing by at least six months. Following the IPO’s suspension, Alibaba — which holds 33% of Ant Group — saw its Hong Kong and NYSE shares drop by 7% and 8% respectively. 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. Prepared investors should watch for Ant Financial's ticker symbol. Mark Reeth July 31, 2020. $0 Shares were expected to go live on their respective exchanges on November 5 but the listing has since been canceled. If you plan to buy Ant Group shares, you’ll need an international brokerage account that allows you to buy and sell shares on overseas 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. 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. 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. 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. Approximately USD$2–$3 for international trades These figures put Ant Group’s revenue up 38% from the same period in 2019 — a promising trend for interested investors. on Moomoo's secure site Profits over the same time period were 21.9 billion yuan — or $3.2 billion. While no guarantee of performance, here’s how some of Ant Group’s competitors have fared: Load More. As it attempts to go public in one of the world’s largest IPOs, here’s what US investors need to know about how they can buy in. Find the latest 480276 (ANT) stock quote, history, news and other vital information to help you with your stock trading and investing. Currently, it has 1.3 billion users and generated $10.1 billion in revenue during the first six months of the year. 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. You can also indirectly add Ant Group stocks to your portfolio by investing in exchange-traded funds (ETFs) that track the stock. Most US brokerages only offer access to US stock exchanges, like the NYSE and NASDAQ. What should share traders do during a stock market crash? That means the initial public offering will raise some $34.4 billion and value the company at more than $310 billion. In fact, there are four ways American investors can invest in Ant Group. All times are ET. US threats and restrictions against Chinese tech companies such as Huawei, TikTok and WeChat have sent a clear warning, while scrutiny of Chinese firms on Wall Street is rising. Founded by the Alibaba group, it allows individuals and businesses to execute payments online in a secure manner. A high degree of industry competition and a multitude of other tech-focused IPOs may affect the launch of this e-commerce platform’s stock. Ant Group is a subsidiary of Alibaba Group and was formed in 2014 to manage Alipay — a digital payments platform with over 711 million active users. 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. Most stock quote data provided by BATS. Everything we know about the Big Hit Entertainment IPO, plus information on how to buy in. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Following its Shanghai suspension, Ant Group elected to hold off on its Hong Kong release until it could resolve its regulatory issues. On November 3, the Shanghai Stock Exchange announced that it plans to suspend Ant Group’s IPO on its exchange, just days ahead of its November 5 release — a crippling blow for what was to be the world’s biggest IPO. (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 … 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. 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. Terms apply. Once the stock hits the market, keep an eye out for ETFs that add Ant shares to their overall holdings. By Sherisse Pham and Julia Horowitz, CNN Business. More details We may also receive compensation if you click on certain links posted on our site. ADRs are certificates that represent shares of foreign stock and, like ETFs, they can be purchased from a domestic brokerage account. Stock exchanges in Hong Kong and Shanghai, as well as China's securities regulator, had earlier greenlighted Ant's plans to go public. Follow Ant Group share price and get more information. IPO Report Ant Group IPO: Five things to know about the Alibaba affiliate ahead of the largest offering in history Last Updated: Oct. 26, 2020 at 2:29 p.m. The delay is a result of the regulatory clampdown on Ant Group’s lending activities. 05:41. Berkshire also plowed around $360 million into One97 Communications, Paytm's parent company, in … Online payment services provider. For the six months ended in June 2020, Ant reported revenue of 72.5 billion yuan — or $10.5 billion. Thursday, October 15: The US State Department submits a proposal to add Ant Group to the Entity List, also known as the trade blacklist. ET First Published: Sept. 24, 2020 at … Luckin Coffee was kicked off the Nasdaq following the disclosure of major accounting irregularities. That strategy appears to be working. New York, NY, 10016. Annual fee. Geopolitical considerations have already been a major background factor in Ant's IPO. We may rely on information that is provided to us. Will Ant Group take another shot at a public listing? Get more detailed information and learn how to buy BABA stock. Search for ticker symbols for stocks, mutual funds, ETFs, indices and futures on Yahoo Finance. Xiaomeng Lu, senior geotechnology analyst at Eurasia Group, said that Ant is also poised to benefit from the Chinese government's latest economic development plans, which are. On eToro, you can buy $ANT.HK or other stocks and pay ZERO commission! 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. The shares are due to start trading in Hong Kong on November 5. Charles Schwab, Fidelity and Interactive Brokers are all equipped to handle international trade. 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. Stock trade fee Here's why they're on Parler, Watch this 'infinite' music video of Billie Eilish's 'Bad Guy', Here's how Prop 22 could transform the gig economy, Watch astronauts arrive at International Space Station, See Apple's new Macbooks with the M1 chip, Watch: People travel in Virgin Hyperloop for the first time, An online movement has these Trump supporters convinced the election was stolen, Disney's new robot has a creepily human gaze, Watch this flying car complete its first flight, Fact-checker calls the person who sent him a death threat, Why US sanctions on China's Ant Group may be an empty threat. Go to site "Ant is being viewed as this national technology champion — it's investing in AI, it's investing in blockchain," Lu said. Here’s how US investors can prepare. Please appreciate that there may be other options available to you than the products, providers or services covered by our service. 32 East 31st Street, 4th Floor, 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. Read review Hangzhou-headquartered Ant Group planned to go public through a parallel listing on Hong Kong and Shanghai stock exchanges. All rights reserved. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. Alibaba owns a 33% stake in Ant Group, but the impact on BABA stock is … Gross profit for the period rose 74% to 69.5 billion yuan ($10.4 billion). This Alibaba affiliate intended to raise as much as $34.5 billion through its dual-listing. These are priorities for Chinese President Xi Jinping, she added. Our pick: Moomoo Ant Group doesn't have a ticker symbol yet, but it may be announced with the pricing set on Oct. 27. Thursday for each region globally, according to terms of the deal obtained by Bloomberg News. The listing will push the market capitalization of the Shanghai Stock Exchange close to that of the Tokyo Stock Exchange. Tech Stocks on Fire, Ant Group IPO ... Google stock is a one-of-a-kind opportunity, although shares face visible risks, including regulation. 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. Free Level 2 market data Watch our short video in which we break down what we know so far about Ant Group’s upcoming IPO and how you may be able to buy shares from the US. Ant, the financial technology company affiliated with Chinese e-commerce group Alibaba (BABA), plans to list simultaneously in Hong Kong and Shanghai. It was the first time a listing of its size was priced outside New York City. Another option for investors who want to purchase Ant Group stocks is to back its parent company, Alibaba. Features and fees to consider before you open an account with this trading platform. Ant Group, the Alibaba (NYSE:BABA) -backed fintech company that owns the digital payments platform Alipay, will soon go public in one of the biggest IPOs in … Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. Learn more about how we make money. Ant Group gets Hong Kong stock exchange approval, clearing last major hurdle for its massive IPO Published Tue, Oct 20 2020 9:33 AM EDT Updated Wed, Oct 21 2020 12:04 AM EDT Arjun Kharpal Whether Ant can keep growing apace, however, is an open question. The New York Times suggests Ant Group could be worth as much as $310 billion. Waterdrop is planning to open the doors to US investors by filing an IPO with the SEC. If you are unsure, you should get independent advice before you apply for any product or commit to any plan. The company hasn’t made any official statements — yet. 1 month ago. Ant is the financial technology company affiliated with Chinese e-commerce group Alibaba (BABA), which went public on the New York Stock Exchange in … The Hong Kong shares were oversubscribed within the first hour of pricing. Ant Group, controlled by Alibaba founder Jack Ma, is gearing up for an IPO. This Chinese ride-hailing platform plans to premiere on the Hong Kong Stock Exchange. ANT Financial Stock. Analysts also suggest the regulatory move was a response to Ma’s push for Ant Group to be treated as a tech company instead of a financial institution. Hong Kong/London (CNN Business)Jack Ma's Ant Group has just pulled off the biggest share sale in history, marking a huge win for the Chinese tech champion and the country's stock market. Lu noted that Ant faces tough competition inside China from rival. Ant Group said Monday that it would list its shares on both the Shanghai stock exchange's STAR board and the Hong Kong stock exchange. No word yet on when shares will be available — or at what price. About ANT Financial Stock. Another option for investors who want to purchase Ant Group stocks is to back its parent company, Alibaba. Disclaimer. Ant reports that its payment app, Alipay, processed 118 trillion yuan — $17 trillion — in transactions for the 12 months ended in June 2020. Shanghai, Hong Kong suspend Ant Group’s IPO 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. Thursday, November 12: The Wall Street Journal reports that China’s President Xi Jinping personally blocked Ant Group’s IPO. Investors who want to take advantage should consider investing in Alibaba (BABA) as it owns a significant piece of Ant Group. Trade stocks on the US, Hong Kong, Shanghai and Shenzhen markets. 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. 1 month ago . Alibaba trades on the New York Stock Exchange under the ticker symbol BABA. Ant Group had been planning to raise a record-setting $34.5 billion in a joint listing on the Hong Kong and Shanghai stock exchanges. 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). The New York-listed shares of Alibaba Group Holding Ltd., which owns a 33% stake in Ant, tumbled more than 7% in premarket trading following the news. 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. I agree to the Privacy and Cookies Policy, finder.com Terms of Use and to receive emails from Finder. Ant snapped up $100 million worth of stock at the same time. Ant Group (Chinese: 蚂蚁集团; pinyin: Mǎyǐ jítuán), formerly known as Ant Financial and Alipay, is an affiliate company of the Chinese Alibaba Group.Ant Group changed name in June 2020 from Ant Financial Services Group. We may receive a commission when you click or make a purchase using our site. Although Ant Group’s stock will only be available on Chinese exchanges, US investors can still buy shares. Here's what the biggest IPO of all time means for American investors today. Factset: FactSet Research Systems Inc.2018. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. The following ETFs already invest heavily in Chinese stocks, so they may be worth watching once Ant shares go live: You can buy ETFs or ADRs from a domestic brokerage account. Stocks, Options, ETFs Every 3 shares of BABA stock gets you between 1-1.5 shares of Ant Group. Finder® is a registered trademark of Hive Empire Pty Ltd, and is used under license by Finder.com LLC. the China Securities Regulatory Commission and the State Administration of Foreign Exchange. But before you open an account, make sure you review your broker’s commissions, exchange rates and potential taxes. Please tick the box if you wish to continue with newsletter subscription. Ensure our content is clear and honest noted that Ant faces tough competition inside China from rival information disclosure.. Compensation if you click or make a purchase using our site money tips and tricks the long,. Affiliates for featured placement of their products or services covered by our service popular stocks mutual... And a multitude of other tech-focused IPOs may affect the launch of this e-commerce platform s... Period rose 74 % to 69.5 billion yuan — or at what price stocks... Currently, it does n't influence our assessment of those products investors pledges. 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