As China’s Ant Group readies for its IPO — the biggest ever — founder Jack Ma wanted to clarify that the company is a tech firm, not a bank, Reuters reports. The classification is important for investors. Reuters writes that while Ant presents itself as...
The People’s Bank of China (PBOC) and regulators from three Chinese agencies are interviewing Ant Group Founder Jack Ma, Chairman Eric Jing, and CEO Simon Hu about the upcoming $37 billion initial public offering (IPO), according to a Financial Times report on Monday (Nov. 2)....
Ant Group indicated on Thursday (Oct. 29) that retail investors in mainland China made over $2.8 trillion of orders for their part of its offering, which is taking place in both Hong Kong and Shanghai at the same time, The Wall Street Journal reported. Individual...
Ant Group’s pending IPO could spell a multibillion-dollar payday for a small and elite group of foreign investors, who bought a stake in the giant Chinese FinTech two years ago, The Wall Street Journal reports. Some of the top investors pumped $500 million each into...
Jack Ma’s Ant Group broke records on Wednesday (Oct. 28), filing the biggest initial public offering (IPO) to date, with expectations of raising $34.4 billion on the Shanghai and Hong Kong stock exchanges, according to multiple reports. Ant stopped taking orders from institutional buyers a...
Airbnb has chosen to list its shares on the Nasdaq market, marking the index’s biggest listing since Facebook‘s $16 billion one in 2012, according to a report by Bloomberg. Nasdaq typically goes for tech-focused stocks like software or biotechnology, featuring high-profile initial public offerings (IPOs)...
Ant Group’s filing of an estimated $34.5 billion record IPO is running parallel to a stampede of Chinese firms racing to file globally, according to a CNBC report on Tuesday (Oct. 27). Chinese companies are seeing the potential for profit at the cross-section of the...
Douyin, the Chinese version of TikTok, could hit the markets as a publicly-traded company under plans being pursued by its parent company, ByteDance, new reports find. Beijing-based ByteDance is having both internal deliberations and discussions with investment bankers about taking the short-video app public, Reuters...
Investors have been increasingly eager for FinTech company Ant Group to file for an initial public offering of stock, which could be the biggest IPO ever. Now, the China-based company has officially filed papers for the blockbuster public offering, The Wall Street Journal reported Monday (Oct. 26)....
