Beijing says it halted $37bn Ant IPO to protect market stability. Note that email subscription allows you to read the excerpt of premium articles only. 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. If all goes well, Ant will be bigger than … 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. 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. Sign up & unlock articles! Temasek, GIC and Ant declined to comment. But for most foreigners, you can only subscribe to the Hong Kong leg. Subscribe . 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. 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. Add to myFT . To unlock the full premium articles, please sign up as member! IPO / Exclusive: Ant Group’s IPO debacle triggers tougher scrutiny of new listings. The registration-based IPO system, which had been under … Earlier, Ant planned to pre-market the IPO from Thursday and open the books for subscription on Oct. 27. 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 … Singapore’s GIC Plans to Invest More Than $1 Billion in Ant. Subscribe now. Today, the stock is over US$308. 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 … Robin noted that Alibaba’s share price has gapped up on two occasions since the IPO news was official. 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. Robin opined that it would be very difficult to subscribe to Ant’s IPO because of the overwhelming response. Singapore’s sovereign wealth fund GIC Pte, Temasek Holdings Pte and … 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. It's in this environment that Ant Group has filed for its initial public offering (IPO). 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. 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. 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. After this announcement, Ant Group suspended the Hong Kong listing itself. Any interest charge will be visible in client statements. A better play is to buy Alibaba. Alibaba shares leap after Ant Group IPO filing 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 is much better positioned than Alibaba was when it listed. Todd Rosenbluth, senior director of ETF and mutual fund research at CFRA Research, and Chris Hempstead, director of institutional business development at New … 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 unit, which includes Huabei and short-term consumer loan provider Jiebei, contributed close to 40 per … The Hong Kong leg of the IPO starts on Tuesday and prices on Friday. Alibaba has a 33% stake in Ant Financial, a spin-off like this could unlock the value for Alibaba. Ant Group. Join 11,265 other subscribers. Bloomberg; Bookmark. It is unclear when the IPO will be rescheduled. It'll be listed in Shanghai and Hong Kong as the largest IPO of all time. It’s also accelerated a shift that was already underway to tighten supervision over IPO applications. Accredited investors, on the other hand, can subscribe to the public portion of its shares through online broking platforms. Investors who are lucky enough to subscribe to Ant’s IPO will do well over the next three to five years. Ant will take subscriptions in Shanghai on October 29, with only 20% of the offering reserved for retail investors. Alibaba listed its shares at US$68 six years ago. ANT Group's blockbuster initial public offering (IPO) has been hogging the headlines - but retail investors in Singapore eager for a piece of the world's largest IPO will have to wait and buy on the open market after trading starts. Subscription details of Ant IPO. However, two days before it listed, the Shanghai Stock Exchange announced that the IPO would be suspended due to regulatory issues. 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. SUBSCRIBE LOGIN. Singapore’s sovereign wealth fund GIC Pte, Temasek Holdings Plc and … That’s a 4.5-fold increase over its IPO price in six years. Hailed as the biggest IPO in financial history, the upcoming Ant IPO has generated plenty of hype among the investment community. Ant Group, China's dominant mobile payments firm, are set to dominate the listed fintech space with their upcoming, humongous, record setting IPO. Read more: Alibaba Will Buy a Fifth of Shares in Ant Group’s Mega IPO. 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 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. Singapore sovereign wealth fund GIC Pte Ltd is also considering investing in the IPO, said one of the people. Additional Reading: Why should a foreigner invest in China. Ant Group’s IPO was expected to take place on 5 November 2020. 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. Email Address . The IPO surcharge for a specific IPO will be confirmed at the time of submitting a subscription. 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