Alibaba’s Ant plans Hong Kong IPO, targets valuation over $200 billion

Alibaba’s Ant plans Hong Kong IPO, targets valuation over $200 billion

09.07.2020 News

Fintech company Ant Group, a division of the Chinese Internet company Alibaba, plans to hold an initial public offering (IPO) on the Hong Kong Stock Exchange this year. This could become one of the largest IPOs in the world in 2020, according to Reuters citing sources aware of the situation.

According to one of the sources, Ant Group expects to sell between 5% and 10% of its shares during the IPO and get an estimate of the entire company at more than $200 billion. “Although valued at about $150 billion in its last funding round in 2018, small trades in the secondary market late last year gave it an implied valuation of $200 billion,” reports the agency.

Sources also added that Ant Group originally planned to place shares in Hong Kong and Mainland China at the same time. However, now it is inclined to conduct listing in Hong Kong.

Other articles

  • JD.com will be the first platform to accept China’s cryptocurrency
    News

    JD.com will be the first platform to accept China’s cryptocurrency

    Chinese e-commerce company JD.com Inc announced on Saturday that it will be the first platform in the country to accept China’s digital currency. The Central Bank of China will hold its second digital yuan lottery among citizens of Suzhou, near Shanghai on Friday. The total amount of playable digital yuan is 20 million ($ 3.06 […]

  • Airbnb will try to get an estimate of $ 35 billion for an IPO
    News

    Airbnb will try to get an estimate of $ 35 billion for an IPO

    According to Bloomberg, citing documents submitted to the Securities and Exchange Commission (SEC), the short-term rental service Airbnb plans to raise $ 2.6 billion in listing in the US and receive an estimate of $ 35 billion. If the company manages to raise $ 2.6 billion, Airbnb’s placement will be the fourth largest IPO in […]

  • Airbnb intends to raise $ 1 billion from the initial public offering
    News

    Airbnb intends to raise $ 1 billion from the initial public offering

    The American company Airbnb, which is the operator of the rental service of the same name, expects to raise $ 1 billion through an initial public offering (IPO). This is stated in a statement posted on Monday on the website of the Federal Securities and Exchange Commission. The company clarifies that its plans are “preliminary […]

  • Saudi Aramco is preparing to place up to five tranches of dollar Eurobonds
    News

    Saudi Aramco is preparing to place up to five tranches of dollar Eurobonds

    The state corporation Saudi Aramco is preparing to place dollar Eurobonds, a source in banking circles said. According to him, the company is considering the possibility of placing up to five tranches of Eurobonds: with a maturity of three years, five years, ten years, as well as thirty and / or fifty years. Starting on […]

  • Alibaba’s net profit in the first half of 2020-2021 financial year fell by 19%
    News

    Alibaba’s net profit in the first half of 2020-2021 financial year fell by 19%

    The net profit of the largest Chinese Internet company Alibaba Group Holding for the six months of 2020-2021 fiscal year (ended September 30) fell by 19% year on year and amounted to 10.746 billion dollars, according to a press release. Adjusted earnings per share were 3.48 yuan ($ 0.51) compared to 4.45 yuan ($ 0.66) […]

  • Alibaba’s financial report exceeded expectations, with a record 60% growth in the cloud computing business
    News

    Alibaba’s financial report exceeded expectations, with a record 60% growth in the cloud computing business

    Shares of Alibaba, up 35.7% since the beginning of the year but down almost 8% this week, rose 5.3% during trading on Friday after China’s largest public company announced second-quarter results financial year 2021, which ended in September. Alibaba’s quarterly report was preceded by news of the termination of the IPO of financial technology company […]

  • Alibaba will acquire part of the shares during the IPO of the Ant Group
    News

    Alibaba will acquire part of the shares during the IPO of the Ant Group

    Chinese Internet company Alibaba will buy more than a fifth of the shares of its division, specifically of a fin-tech company Ant Group, as part of its future IPO on the stock exchanges of Hong Kong and Shanghai, Alibaba said in a release. “Alibaba has agreed to subscribe for 730 million shares of the initial […]

  • DiDi taxi service is planning the IPO on the Hong Kong Stock Exchange in 2021
    News

    DiDi taxi service is planning the IPO on the Hong Kong Stock Exchange in 2021

    The taxi service of the international Chinese company DiDi Chuxing intends to conduct the initial public offering (IPO) on the Hong Kong Stock Exchange. As reported by Reuters on Tuesday, citing sources, this may happen in the first half of 2021. By the time of the IPO, the estimated value of DiDi will be more […]

Read also

Alibaba’s Ant plans Hong Kong IPO, targets valuation over $200 billion
News

Intel will sell for $ 9 billion divisions to produce memory chips

Intel Corp. sells to South Korean the SK Hynix Inc. unit in the field of manufacture NAND memory chips and the storage devices for $ 9 billion. The agreement includes manufacturing operations for NAND chips SSD-drives, NAND components and semiconductor wafers, said in the press release from Intel. SK Hynix will also receive the plant […]

Next
Alibaba’s Ant plans Hong Kong IPO, targets valuation over $200 billion
News

Investment in industrial solar power plants fell significantly in 2020

Company representatives, who engaged in the design, construction and equipment for solar power plants, note a significant decline in demand for their services. This is due to instability of the industry and growing debts for “green” electricity. “We are talking about 1260 MW of RES generation that has been launched in the first three quarters […]

Next
Alibaba’s Ant plans Hong Kong IPO, targets valuation over $200 billion
News

Нappy New Year!

Editorial office of business publication LDaily wishes all a Happy New Year! We sincerely wish you to meet the 2017 th with a smile and a warm heart. Let the coming year will give us all another opportunity to finish the job, or start with a clean sheet – write a different story, in which […]

Next
Alibaba’s Ant plans Hong Kong IPO, targets valuation over $200 billion
News

Oil is rising due to a hacker attack in the United States

World oil prices of reference brands began the working week with a moderate increase amid disruptions in the US Colonial Pipeline after a hacker attack. This is evidenced by trading data on Monday, May 10. Thus, July futures for Brent on the London Stock Exchange ICE Futures rose by $ 0.57 (0.83%) – to $ […]

Next
Alibaba’s Ant plans Hong Kong IPO, targets valuation over $200 billion
News

Analysts have named the next global reserve of the currency

Chinese yuan in the next ten years could become the third global reserve currency after the dollar and euro. Such conclusion was reached by analysts of Morgan Stanley, writes CNBC. The growth of investment in the Chinese economy is called to be the reason for the increase in demand for the yuan. Currently, it accounts […]

Next
Alibaba’s Ant plans Hong Kong IPO, targets valuation over $200 billion
News

Hungarian businessmen are ready to develop Ukrainian winemaking

Hungarian businessmen interested in the wine industry in Ukraine. They are willing to invest and develop the wine industry with a view to the sale of Ukrainian wines in Europe. This interest was announced during a meeting of Taras Kutovoy, the Minister of Agrarian Policy of Ukraine and Industry with Erno Keshkenom, Hungarian Ambassador to […]

Next
Alibaba’s Ant plans Hong Kong IPO, targets valuation over $200 billion
News

S&P forecasts global debt growth of up to $ 200 trillion

World debt will reach $ 200 trillion, which is 265% of world product, but the debt crisis is not yet expected. This was reported by Reuters, citing the forecast of analysts of the international rating agency S&P Global. It is claimed that this year the debt-to-world debt ratio has risen by 14% as a result […]

Next
Alibaba’s Ant plans Hong Kong IPO, targets valuation over $200 billion
News

The World Bank has allocated $ 212 million to Ukraine for the modernization of hydroelectric power plants

The World Bank’s Board of Directors has approved a $ 212 million grant to Ukrhydroenergo for the manufacture of hybrid power generation systems. This was announced the day before by the press service of the World Bank. “The project will increase the flexibility of the Ukrainian energy system, which will help synchronize with the European […]

Next
Alibaba’s Ant plans Hong Kong IPO, targets valuation over $200 billion
News

Saudi Aramco may sell stake in pipeline assets for $ 10-15 billion

Saudi Arabian State Oil Company Saudi Arabian Oil Co. (Saudi Aramco) is negotiating the sale of up to 49% of its pipeline assets to a consortium of American, Chinese and local investors, writes The Wall Street Journal, citing informed sources. According to sources, the amount of the transaction could range from $ 10 billion to […]

Next
Alibaba’s Ant plans Hong Kong IPO, targets valuation over $200 billion
News

Telegram was obliged to pay $ 625 000 to the startup due to a conflict over the Gram trademark

The Northern District Court of California ordered Telegram to pay almost $ 625 000 in legal costs to the startup Lantah LLC. The company has a dispute with this startup over the Gram brand. In May 2018, Telegram filed a lawsuit against Lantah, accusing it of violating the rights to the Gram trademark. In June, […]

Next
Alibaba’s Ant plans Hong Kong IPO, targets valuation over $200 billion
News

Kolomoiskyi closes Ukraine Today

In Ukraine it will be one less source of information. Ukraine Today is an online channel with International broadcasting, which is owned by Ukrainian businessman and former owner of Privat Bank Ihor Kolomoiskyi. The fact that in the near future Ukraine Today will stop their work became known from the publication of General Director of […]

Next
Alibaba’s Ant plans Hong Kong IPO, targets valuation over $200 billion
Analytics

Politics and taxes: how Trump’s win to change USA tax system

The world has heard  enough discussions which concern the resonance Donald Trump’s win in the USA elections.  Everyone has the right to express their position. America  has done their choice. Now, when the post-electorial   ethereal has gone, it is the high time to speak constructively. Benjamin Franklin, one of the founders of American Constitution,   declared: […]

Next
Alibaba’s Ant plans Hong Kong IPO, targets valuation over $200 billion
News

Apple’s quarterly revenue broke the record

American gadget manufacturer Apple Inc. in July-September reduced net income to $ 12.67 billion, or $ 0.73 per share, compared to $ 13.68 billion, or $ 0.76 per share, for the same period in 2019. Stock analysts forecast a rate of $ 0.71 per share. Apple’s quarterly revenue grew 1% year on year to $ […]

Next
Alibaba’s Ant plans Hong Kong IPO, targets valuation over $200 billion
News

Allseeds contests in court the decision of the Odessa Regional State Administration

Allseeds Group of companies, contests in court decisions of the Odessa Regional State Administration and the Vizirskyi  village council (Odessa region) about  the allocation of lands for berths of “Energy Products Co., Ltd.” (Odessa) in the”South”  Port, – it is reported by “Interfax-Ukraine”. “We were asking the Odessa regional administration and local authorities to allow […]

Next
Alibaba’s Ant plans Hong Kong IPO, targets valuation over $200 billion
News

The new owner of Boguslavskiy zavod prodtovariv and fish processing plant Vohni Hestii will be Fozzy Group

One of the biggest Ukrainian trade and industrial groups Fozzy Group, which is a part of PJSC Holding Invest (Kyiv), has received permission from the Antimonopoly Committee for the purchase of Boguslavskii zavod prodtovariv (Kyiv region, city Bohuslav) and a plant for fish processing Vohni hestii (legal address – Kyiv, physical address – Zhytomyr). This […]

Next
Alibaba’s Ant plans Hong Kong IPO, targets valuation over $200 billion
News

Will Auchan buy Karavan hypermarket chain?

Hypermarket chain Karavan may go under the leadership of the french sub domestic corporation Auchan. This information was confirmed by a source in the Ukrainian network Auchan, several members of its advisory on commercial real estate, and also the authorized representatives of companies that are working with a network of hypermarkets Karavan. The final deal […]

Next
WP2Social Auto Publish Powered By : XYZScripts.com