World's Biggest IPO- China Ant Group

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Source:  Ant Group



$34.4 Billion IPO 

Chinese financial technology giant Ant Financial Services Group is launching a dual listed IPO on the Shanghai and Hong Kong Stock Exchanges.  The IPO is aiming to raise nearly $35 billion. That would be the world's largest share price offering in history. Investors are racing for a piece of the fast growing company.  Ant is Alibaba's financial affiliate. Alibaba is a giant China-based technology and e-commerce multinational company. Ant offers a suite of financial services, including the widely popular Alipay digital payment system, known as China's wallet. The IPO deal would value Ant at more than $313 billion.  That is more than the world's biggest bank by assets, The Industrial and Commercial Bank of China.

Regulatory and Trade Concerns

Overshadowing the market debut is a threat by the US State Department to add the company to its trade blacklist.  There is also some concern over growing regulatory scrutiny of Ant's highly lucrative consumer credit business.  At the moment, investors are shrugging those worries off.  They are focusing on several facts: 

  • Ant is rapidly growing
  • It operates China's biggest mobile payments platform 
  • It has very lucrative business lines such as wealth management and insurance products
  • It is one of the world's largest money market funds.
Shanghai and Hong Kong Exchanges

Ant announced that large strategic investors in the Shanghai launch of its IPO include Singapore's Temasek Holdings and the Abu Dhabi' Investment Authority.  Ant will also be listed on the Hong Kong Exchange.  


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