Goldman Sachs joins Ant’s up to $30 billion IPO banking syndicate: Report
4 years, 4 months ago

Goldman Sachs joins Ant’s up to $30 billion IPO banking syndicate: Report

Live Mint  

Goldman Sachs has joined the growing list of investment banks working on Chinese financial technology firm Ant Group's initial public offering of up to $30 billion, as a joint lead manager on the Hong Kong leg, two people with direct knowledge of the matter said. Ant, backed by Chinese e-commerce giant Alibaba Group plans to do a simultaneous listing in Hong Kong and Shanghai, in what sources have said could be the world's largest IPO and come as soon as October. Goldman Sachs Group Inc. is joining the Hong Kong leg of Ant Group’s listing as joint lead manager, according to two people familiar with the matter. An Ant representative declined to comment, while a Goldman Sachs spokesperson didn’t immediately respond to an emailed query outside of business hours.

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History of this topic

Jack Ma, Ant Group founder, to give up control of fintech giant in revamp
2 years ago

Jack Ma, Ant Group founder, to give up control of fintech giant in revamp

The Hindu  

Ant Group's founder Jack Ma will give up control of the Chinese fintech giant in an overhaul that seeks to draw a line under a regulatory crackdown that was triggered soon after its mammoth stock market debut was scuppered two years ago. The Wall Street Journal reported in July last year, citing unnamed sources, that Mr. Ma could cede control …

Chinese regulators approve capital expansion for Ant Group
2 years ago

Chinese regulators approve capital expansion for Ant Group

Associated Press  

HONG KONG — Chinese regulators have said e-commerce giant Alibaba’s finance affiliate Ant Group can raise $1.5 billion for its consumer finance unit in an important step forward after the government called off a planned IPO two years ago and ordered the firm to restructure. The China Banking and Insurance Regulatory Commission in the southwestern city of Chongqing said in …

Chinese regulator orders Ant Group to conduct major overhaul
3 years, 9 months ago

Chinese regulator orders Ant Group to conduct major overhaul

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Chinese regulators have ordered Ant …

Chinese regulators probe Ant Group's equity investments
4 years ago

Chinese regulators probe Ant Group's equity investments

The Hindu  

Chinese regulators are reviewing equity investments held by Ant Group Co Ltd in dozens of companies, three people with knowledge of the matter said, intensifying a crackdown on billionaire Jack Ma's financial technology empire. Divestments would also significantly scale back Ant's influence over the country's fast-growing fintech industry,where it has sought synergies with its existing businesses via several investments in …

Ant march halted: What Ma’s frozen IPO says about China business
4 years, 2 months ago

Ant march halted: What Ma’s frozen IPO says about China business

Al Jazeera  

The suspension of Ant Group’s record $35bn IPO came days after co-founder Jack Ma made a speech at odds with the Chinese Communist Party’s handling of the economy. Officially, Ant Group’s $35bn IPO is on hold until it can comply with Chinese government regulations that went into effect on November 1, including fixing capital shortfalls. Chinese regulators called the company’s …

Ant’s IPO fiasco set to clip its wings and dent its value
4 years, 2 months ago

Ant’s IPO fiasco set to clip its wings and dent its value

Live Mint  

China's surprise suspension of Ant Group's record $37 billion listing is set to delay rather than destroy its chances of a stock market debut though the financial technology giant's valuation and growth prospects are likely to take a hit. Under draft rules published on Monday, online lenders in China would have to stump up more of their own capital for …

China halts Jack Ma’s world’s largest IPO by suspending his Ant Group's listing
4 years, 2 months ago

China halts Jack Ma’s world’s largest IPO by suspending his Ant Group's listing

India TV News  

Jack Ma, founder of China’s e-commerce giant Alibaba suffered a major setback on Tuesday as Shanghai and Hong Kong Stock Exchanges suspended dual listing of the shares of his world's biggest initial public offer of USD 39.7 billion of the group's subsidiary - the Ant Group, 48 hours before the highly-anticipated trading was due to start. The Shanghai Stock Exchange …

China halts Jack Ma’s $37 billion Ant Group IPO in Shangai, Hong Kong
4 years, 2 months ago

China halts Jack Ma’s $37 billion Ant Group IPO in Shangai, Hong Kong

The Hindu  

Ant Group’s $37 billion stock market listing has been suspended in both Shanghai and Hong Kong in a dramatic move just two days before what was set to be the world’s largest-ever stock market debut The Shanghai stock exchange first announced that it had suspended Ant’s initial public offering on its STAR market, prompting Ant to also freeze the Hong …

Ant Group’s $37-bn IPO suspended in Shanghai and Hong Kong
4 years, 2 months ago

Ant Group’s $37-bn IPO suspended in Shanghai and Hong Kong

Live Mint  

Ant Group's $37 billion listing has been suspended in both Shanghai and Hong Kong in a dramatic move just two days before what was set to be the world's largest-ever stock market debut. The Shanghai stock exchange first announced that it had suspended Ant's initial public offering on its STAR market, prompting Ant to also freeze the Hong Kong leg …

China regulators summon Ant Group executives ahead of IPO
4 years, 2 months ago

China regulators summon Ant Group executives ahead of IPO

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Chinese regulators summoned Ant Group …

Listing interrupted: China suspends Ant Group’s $37bn IPO
4 years, 2 months ago

Listing interrupted: China suspends Ant Group’s $37bn IPO

Al Jazeera  

Shock suspension of Ant’s blockbuster IPO comes after billionaire founder Jack Ma and top executives met with Chinese financial regulators. China suspended Ant Group’s $37bn stock market listing on Tuesday, thwarting the world’s largest IPO with just days to go, in a dramatic move that left investors and bankers scrambling for answers. Ant said that its listing had been suspended …

Ant IPO Promises $8 Billion Gain for Elite Group of Foreign Investors
4 years, 2 months ago

Ant IPO Promises $8 Billion Gain for Elite Group of Foreign Investors

Live Mint  

Ant Group Co.’s market debut will bring a windfall to a carefully curated group of international investors that bought a piece of the company two years ago. The biggest foreign buyers—investing at least $500 million each—included the sovereign-wealth funds of Singapore and Malaysia, the Canada Pension Plan Investment Board and private-equity firms Silver Lake, Warburg Pincus, Carlyle Group and General …

Ant Group IPO gets the green light from regulators for its blockbuster listing
4 years, 2 months ago

Ant Group IPO gets the green light from regulators for its blockbuster listing

CNN  

Hong Kong CNN Business — Ant Group — the crown jewel of billionaire Jack Ma’s tech empire — is one step closer to its highly anticipated market debut. China’s securities regulator said Wednesday that Ant has received the green light for its Shanghai public offering, and has now cleared all regulatory hurdled for a dual-listing that is expected to rake …

Ant plans $17.5 billion Hong Kong IPO, no cornerstone investors
4 years, 3 months ago

Ant plans $17.5 billion Hong Kong IPO, no cornerstone investors

Live Mint  

Jack Ma’s Ant Group Co. is aiming to raise $17.5 billion in its Hong Kong share sale and won’t seek to lock in cornerstone investors, confident there will be plenty of demand for one of the largest equity deals in the financial hub, according to people familiar with the matter. The fintech giant has assessed investor interest, betting it can …

Jack Ma’s Ant seeks $200bn valuation in dual IPO
4 years, 5 months ago

Jack Ma’s Ant seeks $200bn valuation in dual IPO

Al Jazeera  

Billionaire Jack Ma’s Ant Group is seeking a valuation north of $200 billion as it goes public in Hong Kong and Shanghai, people familiar with the matter said, kicking off a much-anticipated market debut for China’s leader in internet finance. The crown jewel of the sprawling Alibaba empire, Ant has been accelerating its evolution into an online mall for everything …

Alibaba’s Ant plans Hong Kong IPO, targets valuation over $200 billion, sources
4 years, 6 months ago

Alibaba’s Ant plans Hong Kong IPO, targets valuation over $200 billion, sources

Live Mint  

Ant Group, the fintech arm of Chinese e-commerce giant Alibaba, plans a Hong Kong float as soon as this year and targets a valuation of more than $200 billion, said two sources with knowledge of the matter. The world's most valuable tech "unicorn" had been looking to sell shares in Hong Kong and mainland China simultaneously, but is now leaning …

Ant Financial to raise $1 bn for investment fund for India, Southeast Asia startups
5 years, 1 month ago

Ant Financial to raise $1 bn for investment fund for India, Southeast Asia startups

Live Mint  

Billionaire Jack Ma’s Ant Financial is planning to raise about $1 billion for a fund that will invest in startups from Southeast Asia to India and help strengthen its foothold in fast-growing mobile internet markets, a person familiar with the matter said. The internet finance company is looking to back more startups in those regions that focus on payments and …

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