Earlier, Ant planned to pre-market the IPO from Thursday and open the books for subscription on Oct. 27. Singapore’s sovereign wealth fund GIC Pte, Temasek Holdings Plc and … Bloomberg; Bookmark. SUBSCRIBE LOGIN. Ant’s IPO will push Shanghai’s fledgling Star Market into third place globally in terms of new offerings and secondary listings this year, on par with the 228-year-old New York Stock Exchange. Regulators had been surprised by the scale and risk model of Ant’s lending division, details of which were disclosed in the IPO-related filings since late August. The IPO managers are hoping that these parties would come on board as strategic investors, by committing at least 1 billion yuan to 1.5 billion yuan each for a minimum lock-in period of 12 months. Ant Group, China's dominant mobile payments firm, are set to dominate the listed fintech space with their upcoming, humongous, record setting IPO. Ant Group Co. has set the price for its initial public offering in Shanghai, paving the way for a blockbuster sale that may give the Chinese fintech giant a valuation higher than JPMorgan Chase & Co. While Ant did not furnish any specific details on the simultaneous listing, the sources said the IPO’s team leads have approached many Chinese institutional investors to invest in the STAR lots. It’s also accelerated a shift that was already underway to tighten supervision over IPO applications. Today, the stock is over US$308. Accredited investors, on the other hand, can subscribe to the public portion of its shares through online broking platforms. Email Address . Investors who are lucky enough to subscribe to Ant’s IPO will do well over the next three to five years. The unit, which includes Huabei and short-term consumer loan provider Jiebei, contributed close to 40 per … Robin opined that it would be very difficult to subscribe to Ant’s IPO because of the overwhelming response. Ant is much better positioned than Alibaba was when it listed. Alibaba listed its shares at US$68 six years ago. However, two days before it listed, the Shanghai Stock Exchange announced that the IPO would be suspended due to regulatory issues. Todd Rosenbluth, senior director of ETF and mutual fund research at CFRA Research, and Chris Hempstead, director of institutional business development at New … Singapore’s GIC Plans to Invest More Than $1 Billion in Ant. The IPO surcharge for a specific IPO will be confirmed at the time of submitting a subscription. Alibaba shares leap after Ant Group IPO filing Clients with sufficient HKD cash to cover the total cost of their subscription from the IBHK Application Cut Off Time to the Allocation date will not be charged interest related to their subscription application. The abrupt suspension of fintech giant Ant Group Co. Ltd.’s record-breaking IPO in November has fueled debate about the shortcomings of the new system for evaluating and approving listings on Chinese mainland stock markets. It'll be listed in Shanghai and Hong Kong as the largest IPO of all time. After this announcement, Ant Group suspended the Hong Kong listing itself. Ant Group Co. has set the price for its initial public offering in Shanghai, paving the way for a blockbuster sale that may give the Chinese fintech giant a valuation higher than JPMorgan Chase & Co. SINGAPORE (Reuters) - Chinese financial technology giant Ant Group Co Ltd has set terms for a dual listing aimed at raising up to $34.4 billion from the world's largest stock market debut, with investors scrambling for a piece of the fast-growing company. The e-payments behemoth, which runs China's dominant online payment system Alipay, plans to sell 1.67 billion shares at HK$80 each in Hong Kong from today. Ant Group said yesterday it plans to raise US$34 billion (RM141.5 billion) in a listing shared between Hong Kong and Shanghai ― making it the biggest IPO in history. To unlock the full premium articles, please sign up as member! The Singaporean sovereign wealth fund believes it will have to settle for only a slice of the $1bn in Ant shares it wants in the IPO, according to two people familiar with the matter. It is unclear when the IPO will be rescheduled. A better play is to buy Alibaba. Subscribe . Subscribe now. Read more: Alibaba Will Buy a Fifth of Shares in Ant Group’s Mega IPO. Subscription details of Ant IPO. Sign up & unlock articles! Join 11,265 other subscribers. Ant will take subscriptions in Shanghai on October 29, with only 20% of the offering reserved for retail investors. Temasek, GIC and Ant declined to comment. Oct 06 2020, 12:43 PM Oct 08 2020, 2:13 AM October 06 2020, 12:43 PM October 08 2020, 2:13 AM (Bloomberg) --Follow Bloomberg on LINE messenger for all the business news and analysis you need. The abrupt suspension of fintech giant Ant Group Co. Ltd.’s record-breaking IPO in November fueled debate about the shortcomings of the new system for evaluating and approving listings on Chinese mainland stock markets. Finally, Ant IPO priced its Hong Kong leg of stock offering at HK$80 per share today. Ant Group. The stock jumped 75% over the next several months, then went below the IPO price. Alibaba has a 33% stake in Ant Financial, a spin-off like this could unlock the value for Alibaba. Without any actionable plan agreed upon by all parties, Ant faces an extended pause in reviving the IPO, potentially longer than the few months delay signaled by some analysts and the top executive at Singapore’s DBS Group Holdings Ltd., one of the bankers on the deal. Singapore sovereign wealth fund GIC Pte Ltd is also considering investing in the IPO, said one of the people. Robin noted that Alibaba’s share price has gapped up on two occasions since the IPO news was official. IPO / Exclusive: Ant Group’s IPO debacle triggers tougher scrutiny of new listings. Add to myFT . Beijing says it halted $37bn Ant IPO to protect market stability. Hong Kong stock exchange, which missed out on the chance to host Ant Group's record US$37 billion listing this month, believed the move to suspend the IPO … The Alibaba company reportedly wants a market valuation above US$200 billion. Ant Group’s IPO was expected to take place on 5 November 2020. The registration-based IPO system, which had been under … That’s a 4.5-fold increase over its IPO price in six years. Singapore’s sovereign wealth fund GIC Pte, Temasek Holdings Pte and … Additional Reading: Why should a foreigner invest in China. Ant’s IPO prospectus was a bigger contributor to the timing of China’s moves than Ma’s speech in Shanghai, according to Gao Zhikai, a former Chinese diplomat and former China policy adviser for the Hong Kong Securities and Futures Commission. Read more: Alibaba Will Buy a Fifth of Shares in Ant Group’s Mega IPO. It's in this environment that Ant Group has filed for its initial public offering (IPO). Singapore state investor Temasek Holdings is considering an investment in the initial public offering (IPO) of Chinese financial technology company Ant Group, which could be … But for most foreigners, you can only subscribe to the Hong Kong leg. CITIC Securities dropped out of an IPO of rival JD Digits, an affiliate e-commerce company JD.com, before it was granted a role in Ant's listing, three sources familiar with the matter said. Hailed as the biggest IPO in financial history, the upcoming Ant IPO has generated plenty of hype among the investment community. 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