Ant is planning to hold a listing ceremony in Shanghai, though it may not have an in-person event in Hong Kong due to social-distancing rules in the city that limit the size of gatherings. The record for the most money gathered by a company going public was Saudi Aramco's IPO last year, which ended up raising $29.4 billion. Get your free in-depth investor report below! This profile is based on publicly available information and is intended to be informative in nature. Data is a real-time snapshot *Data is delayed at least 15 minutes. An initial public offering (IPO) refers to the process of offering shares of a private corporation to the public in a new stock issuance. Well, you don't have to worry about poring through mountains of data in order to make a sensible decision. We don't want to fill you with just the hype. Get on now and you'll be getting on the ground floor of what may very well be the biggest financial opportunity of the decade. China-based Ant Financial is a spin-off from the Alibaba Group ().Founded in 2014, it originated with Alipay, the world’s leading third-party payment platform, introduced in 2004. The company currently has over 1.2 billion users around the world, according to Feagin. Stockmarket Insider would like to contact you about the services we offer which may be of interest to you. Investopedia uses cookies to provide you with a great user experience. "It's 900 million (users) in China, 300 million outside. It has since regularly increased revenue and expanded its market share and service offerings for individuals and small businesses. It's on its way to becoming the SINGLE most significant disruptor in the financial technologies marketplace this century. Ant, which is controlled by billionaire Jack Ma, will be the first company to list on both markets at the same time since the IPO of Agricultural Bank of China in 2010, which raised $22.1 billion, according to Dealogic. Although Ant Financial is not a publicly traded company, investors can gain partial exposure by purchasing shares of Alibaba which holds a 33% stake in Ant. Alibaba Group (BABA) is looking to raise $9 billion in its latest round of funding for its affiliate financial services firm, Ant Financial, making it one of the world’s most valuable companies. All Rights Reserved. The biggest "constraint" the company faces is attracting more talent to support business growth, according to Feagin. 2020 List of Companies Going Public – Potential Upcoming IPOs – IPO Wait. "Indeed, we have an ambition of serving 2 billion consumers over the next 10 plus years and so clearly the majority of those are going to come from outside China. Required fields are marked *. Other trademarks are the property of their respective owners. ", He said Asia was a "huge growth market" and a "key focus for the whole Alibaba economy.". Terms of Use Privacy Policy Disclosures Member User Agreement Corrections Cookies. This is not personal advice. And now, their 2020 IPO opens up the opportunity for investors like you to get a piece of the valued $150 billion pie. Now's your chance to hop in and profit from the biggest disruptor in the $127.66 billion financial technologies marketplace. Ant Financial's head of international business, Douglas Feagin, says the company has no timetable to go public but it plans to grow its user base to 2 billion in a decade. Ant Financial is not publically traded (yet). We see the 300 million growing dramatically outside of China," he said. Douglas Feagin, president of International Business Group of Ant Financial. (See also: Alibaba’s Stock Is Undervalued: Raymond James.). Feagin's comments were in line with what other company executives, including CEO Eric Jing, have repeatedly said when asked about listing plans. With publicly traded shares, Ant can use its stock as currency to buy other companies. Ant Group (Chinese: 蚂蚁金服; pinyin: Mǎyǐ jīn fú), formerly known as Ant Financial and Alipay, is an affiliate company of the Chinese Alibaba Group. In the quarter ending last September, Ant added $309 million to Alibaba’s bottom line, and the eCommerce giant traded its 37.5 percent pre-tax profits for a 33 percent equity stake. The China Securities Regulatory Commission earlier this week allowed the Hong Kong portion of Ant's IPO to proceed. Based in Hangzhou, China, Ant Financial owns Alipay, a mobile payments network and is one of the largest non-bank lenders in China. But if you know all the facts, you understand the strengths and weaknesses of the business, you're up to speed with all the necessary ins and outs of the venture, and most importantly, you've sought professional advice, you can get on board with all guns firing and make sure each shot is a hit. Terms of Service apply. If need be, Ant can use the public market to issue shares to fund its growth. Register now to receive your copy of the Ant Financial investor fact sheet and become a part of the biggest disruption in the financial tech marketplace! The internet giant’s business now covers everything from wealth management to payments to credit scoring. Bottom line: Ant Financial’s valuation looks low but reasonable based on its first major fund raising, and the figure is like to triple or more by the time it makes its domestic IPO in around the next 2 years. A Division of NBCUniversal. Disclosure: I am/we are long BABA. Alibaba, E-commerce giant holds a 33% stake in Ant Financial In the quarter ending last September, Ant added $309 million to Alibaba’s bottom line, and the eCommerce giant traded its 37.5 percent pre-tax profits for a 33 percent equity stake. Still, that's not stopping Ant Financial from setting ambitious targets. So far, investors have already subscribed to more than $3 billion worth of its shares, the Journal reports. Huabei (Ant Credit Pay) – a virtual credit card type of product that facilitates credit payments, MYbank – a private online bank that lives entirely on the cloud, Jiebei (Ant Cash Now) – a consumer loan service, Ant Fortune – a comprehensive wealth management app, ZOLOZ – a global biometric-based identity verification platform, This page was last edited on 1 November 2020, at 17:22. Alipay – a mobile wallet app supports make and accept payments. There will never be a better time to invest in Ant Financial than now. Ant Financial has not yet commented on the report. Ant Financial shares are being offered privately at levels which value the Chinese financial giant at $200 billion. That funding would value Ant Financial at near $150 billion, according to The Wall Street Journal, which cited “people familiar with the matter."
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