The pandemic seems to be barely slowing down Ant Group – or mobile finance in China. To that end, Monday (Oct. 26) saw the biggest IPO in history, as Ant took its listing to two exchanges – the Hong Kong Stock Exchange and the Shanghai...
Alibaba founder Jack Ma has said the upcoming dual listing for Ant Group is “the largest in human history,” according to Reuters. Ma also noted that it’s the first time such a gargantuan deal has been conducted outside of New York City. “We didn’t dare...
Chinese FinTech Lufax is hoping to get as much as $2.36 billion from the initial public offering (IPO) filed earlier this month, according to a report in CNBC on Friday (Oct. 23). Backed by financial services conglomerate Ping An Group, the Shanghai-based startup has filed...
Ant Group has won the nod from China’s top security regulators for its Shanghai offering, the last hurdle to clear for what’s expected to be a $35 billion dual listing, Reuters reports. Ant, the FinTech backed by China’s Alibaba Group, plans to list simultaneously in Hong...
Online clothing retailer ThredUP has filed confidentially for an initial public offering (IPO) in the U.S., Bloomberg reports. The company, based in Oakland, California, is one of the growing numbers of eCommerce sites trafficking in used goods, competing with old stalwarts like Salvation Army Thrift...
Current market volatility fueled by the global pandemic and subsequent economic disruption may seem to present an inopportune moment for companies to go public. Yet for integrated payments and commerce technology provider Paya Holdings, floating on the Nasdaq Stock Market this week came to fruition...
Paya, the latest FinTech to the join the ranks of publicly traded companies, made its market debut Monday (Oct. 19). Shares of the Atlanta-based payment processor rose as much as 10.6 percent to $13 on the Nasdaq Stock Market before closing at $12.15, up 3.4...
Nextdoor Inc., a social media network that is something of a combined Facebook, Craigslist and Yelp and whose members connect only with neighbors, is exploring going public, Bloomberg News reported. The San Francisco-based company is eyeing valuations from $4 billion to $5 billion, according to...
Jack Ma’s Ant Group is said to be setting its sights on a $280 billion minimum valuation target for its initial public offering (IPO), which is 12 percent higher than its earlier $250 billion valuation, sources familiar with the deal told Bloomberg on Friday (Oct....
