’s Chinese e-commerce giant Alibaba, filed new IPO documents—a highly anticipated first look at the company’s financials—on Tuesday ahead of its listing on the Hong Kong and Shanghai stock exchanges, and here’s what we learned: Ant raked in $2.5 billion in profit in 2019, and its revenue grew more than 40% in 2019 to $17.4 billion.
While the company has not yet announced a pricing plan for its shares , many are speculating that this could be one of the biggest IPOs ever, with the potential to surpass even Saudi Aramco’s record-breaking $29 billion listing, a source familiar with the situationAlipay, the mobile payments app Ant operates, had more than one billion annual active users as of June and processed $17 trillion worth of transactions in mainland China over the course of a year.
More than 80 million merchants use Alipay for business over the course of a month, and the app has more than 2,000 partner financial institutions.$3.2 billion. That’s how much profit Ant Group reported for the first half of 2020. In comparison, Amazon pulled in $7.7 billion during the same period. Ant Group also accounted for certain risks to its business, most notably the increasingly frosty relationship between the United States and China.
theothersarahh Patiently waiting. 🤞🤞🤞
theothersarahh “Cinese licco” said a Chinese in Italian 😂
theothersarahh Not coming to the US, and that's a good thing for Ant Group.
theothersarahh Why his head look like that
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What We Learned From Ant Group’s New IPO FilingThe fintech giant, which operates China’s largest payments platform, is preparing for what could be one of the biggest IPOs in years after raking in $3.2 billion in profit in the first half of the year. Congrats ✍Si vous passez votre temps à être un Bon Père, il y a plus de chance que le Fils soit à son tour un Bon Père👏
Source: Forbes - 🏆 394. / 53 Read more »
Jack Ma's Ant Group files for IPO, says it made $3.2 billion in first-half profitAnt Group, formerly known as Ant Financial, is planning a concurrent listing on the Shanghai stock exchange's STAR market — a Nasdaq-style tech board — and the Hong Kong stock exchange. Ant Financial is the bank loan killer in China. Baba is about to explode after a few high profile frauds from Chinese public companies along with Wirecard, are there any additional measures being taken to protect investors here? I know Alibaba has had clean statements, but it seems like self governance is not enough.
Source: CNBC - 🏆 12. / 72 Read more »
Jack Ma’s Ant Group Files IPO Listing DocumentsThe documents kicked off a process that could see the Chinese financial-technology company go public in Shanghai and Hong Kong in the coming months and revealed detailed financial and operational data for the first time. hmmm Why put an Alipay payment QR code？Whose❓? Jack ma is one of members of Chinazi Chinese communist party !
Source: WSJ - 🏆 98. / 63 Read more »
Jack Ma’s Ant Group Pushes Ahead With ‘Project Star’ Listing Plans; Investors See Big IPO GainsWhen Ant Group goes public later this year, the Chinese financial-technology behemoth will likely earn a stratospheric market valuation that would place it at the top of companies listing globally for the first time. IDK - stealing IP.? State sanctioned monopoly..!? PoliticalMalarkey wow Are Steve and Laura aware of Keff?
Source: WSJ - 🏆 98. / 63 Read more »
Exclusive: Nasdaq files with SEC for IPO alternative to raise fundsExchange operator Nasdaq Inc has filed with U.S. regulators to change its rules to enable companies that debut on the stock market through a direct listing to raise capital, as an alternative to an initial public offering. Sounds promising, given the excessive indebtedness of every US financial entity, but who will ensure that the money raised by the IPO is spent on moving the company forward rather than buying up existing shares & paying off overdue debt. Who will police the police (SEC) ?
Source: Reuters - 🏆 2. / 97 Read more »
Highly valued software startup Snowflake files for IPOSnowflake Inc. undefined, an enterprise-software startup valued at more than $3 billion by private investors, is planning an initial public offering. The...
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