Other trademarks are the property of their respective owners. Ant Group, formerly known as Ant Financial and Alipay, is owned and operated by Alibaba Group founder Jack Ma, China’s wealthiest individual. China hawks are working it. Of course, some can say that China can ban investing in Raytheon or Lockheed Martin (AP Photo/Ng Han Guan). You'll be sitting pretty and watching your gains shoot up while everyone else will be scrambling to even get to the front door. Prospective investors in the company’s stock would be hard pressed to obtain an adequate understanding of the underlying material risk factors associated with Ant Group or its affiliate firms through a reading of that draft prospectus, says RWR Advisory. China on Wednesday, Nov. 4, 2020. He’s worth a cool $61 billion. But its stock never hit the market. It is also clear from the IPO registration filed with the Hong Kong Exchange this week . Occasional BBC guest. They’re all part of one big happy family. I've spent 20 years as a reporter for the best in the business, including as a Brazil-based staffer for WSJ. The STAR board is … It looks innocent, but to Washington it’s a problem. Ant Financial, a spinoff from the Alibaba Group, was set to raise $37 billion in an IPO … So clearly, the time was ripe for a public offering. Be part of one of the biggest IPO opportunities of 2020 by signing up for free access to the Ant Financial IPO investor fact sheet below. My work has appeared in The Boston Globe, The Nation, Salon and USA Today. Jack Ma was going to get a little richer. (AP Photo/Ng Han Guan), America's Top Givers: The 25 Most Philanthropic Billionaires, EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change. Can Editas Medicine Stock Bounce Back After A 13% Drop In 5 Days ? I've spent 20 years as a reporter for the best in the business, including as a Brazil-based staffer for WSJ. In May 2019, the U.S. Federal Communications Commission denied China Mobile International’s an application to provide international telecommunications services between the U.S. and foreign destinations. Ant Group is a Chinese financial technology company that is on track to conduct the largest IPO in history in the next week or so. This is why the company rebranded from Ant Financial to Ant Group. The company is looking at a valuation of more than $200 billion, with plans to sell 5% to 10% of its shares. In short? Alibaba's () fintech affiliate Ant Financial could go public in Hong Kong soon, according to Reuters. Because Wall Street was neck deep in the SARS 2 pandemic and hoping for it to end, it largely went unnoticed. Should You Buy Johnson & Johnson Stock At $160. Alibaba's financial services arm, Ant Group, will seek an initial public offering in both Shanghai and Hong Kong as it looks to expands its operations into the European and American markets. Between Ant’s setback and concerns at the almighty Pentagon about Chinese companies, investors are going to have to get comfortable with greater risks in owning China. As with any other investment opportunity, there is always an element of risk. We don't want to fill you with just the hype. If you're not sure of an investment's suitability for your circumstances please seek advice. Ant Group and Alibaba are both sizeable investors in, and customers of, Megvii Technology, an artificial intelligence (AI) startup that specializes in facial recognition technology. Ant Financial offers a full suite of financial services from mobile payments, savings accounts, personal investing, lending, and credit scoring. But there could be more at play: alarm bells sounding off from Washington that suggested American investors might be turned off by Ant. President Donald Trump and his Democratic challenger, Joe Biden, are in a tight battle for the White House. Chinese companies are coming under pressure now for sourcing everything from cotton to poly-silicon used in making solar cells for solar panels from Xinjiang, where the Uyghur detention camps are located. Ant Group’s “Risk Factors” section in its draft prospectus submitted to the Hong Kong Stock Exchange was over 50 pages long, with several material risk factors standing out. Alibaba's Ant plans Hong Kong IPO, targets valuation over $200 bln, sources say. News of the postponed IPO focused on some regulatory bottlenecks. Ant Group did note the risk of export controls and sanctions and the impetus for such regulatory actions, including the potential application of its technology for “surveillance or military purposes.” The risk section, however, omits reference to the U.S. government’s recent actions against Chinese tech firms, including Megvii. The IPO could be postponed by at least six months, as Financial Times stated in a press release. This is an important company to keep in mind because Megvii was sanctioned by the U.S. Government and added to the Entity List of the Commerce Department’s Bureau of Industry and Security (BIS) in October 2019 for having been “implicated in human rights violations and abuses in the implementation of China’s campaign of repression, arbitrary detention, and high-technology surveillance” in Xinjiang province in far west China. Imagine getting in on the action before the shares skyrocket in value. China’s internet finance leader Ant Financial to seek a dual-listing in Hong Kong and Shanghai, sources tell Bloomberg. Ant’s IPO values the company at US$313 billion, which could rise to US$318.50 billion including an overallotment option, making the fintech unicorn … All Rights Reserved, This is a BETA experience. Unlike other private tech companies who go public to pay off debt, Ant Financial has been profitable for at least three years. And now that it's entering its final stages of preparation before its IPO, the biggest question is... ...HOW CAN YOU TAKE ADVANTAGE OF THIS HUGE WINDFALL? Jack Ma was going to get a little richer. It would be the second time in a year, as their first application expired due to time constraints associated with the coronavirus lockdowns and — perhaps more importantly — Megvii’s inclusion on the “Entity List” in October 2019. Should You Book Profits In Pacific Biosciences of California After A Massive 13x Rally? Shares will rise and fall in value, so you could make a loss, and the income they pay can also vary. Highlights from the Ant Financial IPO Price Set Without detailed knowledge of the overall risk environment related to the evolving bilateral U.S.-China relationship, the track record of risk that exists for Chinese tech companies dealing in sensitive user data was a red flag for some. Since 2011, I focus on business and investing in the big emerging markets exclusively for Forbes. In 2020, the group planned to raise more than $34 billion in what would have been the world’s largest IPO. Ant Financial offers a full suite of financial services from mobile payments, savings accounts, personal investing, lending, and credit scoring. Ant Financial and logo are trademarks of Stockmarket Insider. Ant Group's IPO could be one of the biggest of all time. In the first quarter of 2018, Ant Financials’ pretax profit reached a new high of RMB9.18B, which was a staggering 65% jump in earnings before tax! Spun-off from Jack Ma’s Alibaba Group, Ant Financial’s IPO has been the poster child of China’s post-coronavirus economic recovery. Ant Group (Chinese: 蚂蚁集团; pinyin: Mǎyǐ jítuán), formerly known as Ant Financial and Alipay, is an affiliate company of the Chinese Alibaba Group.The group owns China's largest digital payment platform Alipay, which serves over one billion users and 80 million merchants, with total payment volume (TPV) reaching CN¥118 trillion in June 2020. Alibaba, E-commerce giant holds a 33% stake in Ant Financial. We put this Investment Fact Sheet together in a meticulous fashion to make sure you get all the angles. The operator of a cloud-based financial platform designed to provide cloud computing services to financial enterprises. Many companies run afoul of Washington, and break laws. China's richest techie, Jack Ma, is the brains behind Ant Financial Group. U.S. investors need to pay attention to a June list by the Pentagon of Chinese companies loaded with subsidiaries and government military contracts that make them — as Margaret Atwood once wrote — “tightrope walking over Niagara Falls.”, Badges are displayed at an election watch event held by Democrats Abroad at a restaurant in Beijing, ... [+] China on Wednesday, Nov. 4, 2020. Not So Fast. Don't get it wrong. The info we have makes it clear that Ant Financial is in a firm financial position, which is estimated to have an overwhelmingly positive impact on early investors. Both of those Russian state owned enterprises are in the VanEck Russia ETF. DOWNLOAD THIS FREE REPORT NOW TO FIND OUT HOW YOU CAN GET AHEAD ON THE BIGGEST FINANCIAL OPPORTUNITY OF 2020! 3 Things You Need to Know About蚂蚁金服 (Ant Financial Group) Hong Kong IPO – The Largest IPO Yet! There's a reason Alibaba is buying an equity stake, but it's not that. Gazprom and Sberbank are sanctioned from conducting certain business with the U.S., but investors are not banned from owning their stocks and bonds. Americans are invested in those companies, either actively or passively through index funds. Not just that, this IPO could catapult Ant Financial to a company even bigger than JPMorgan Chase & … But as of October 2020, Megvii is MIA. Even as a private company, Ant Financial isn't starved for cash - in fact, it's turning a profit. February 2, 2018, 12:38 AM EST 3:42. Ant does mention their plausibility and does note that countries other than the U.S. can lash out in similar fashion. He’s worth a cool $61 billion. It's easy to feel like you missed out when a company goes public and the price of its shares skyrockets. The list, originally commissioned by Congress in 1999 pursuant to Section 239 of the National Defense Authorization Act, includes several large, state-owned conglomerates with ties to the CCP and the People’s Liberation Army. Doesn't follow the herd. It used legalese to paint over the real world political, reputational and regulatory challenges the company could face in the period ahead if prevailing winds on China continue under a Biden Administration. The group, which was spun out of Alibaba Group in 2011, said on Monday that it plans a dual-listing in China's NASDAQ-like STAR board, plus the Hong Kong Stock Exchange. And that can only happen if you know all the facts and you're armed with useful and actionable information - such as what we've put together in this report for you. One of those companies is China Mobil. Reuters has previously reported that the company is looking to raise $35 billion. Stockmarket Insider would like to contact you about the services we offer which may be of interest to you. Will a Biden presidency take some of the risk off those securities? Well, you don't have to worry about poring through mountains of data in order to make a sensible decision. ... Chinese financial technology group Ant has unveiled plans for a stock market debut that may raise a record $30bn (£23bn). Back in 2017, payment services delivered 55% of Ant’s revenues versus 45% from Technology Platforms. Ant Financial made $611 Million in pre-tax profit last quarter by expanding credit financing and technology services it provides to other financial institutions. China invests primarily in Treasury bonds. Battle with Tencent for market share in China has erased profitability. Former holder of the FINRA Series 7 and 66. Petrobras was sued. Brazil’s oil giant Petrobras was a piggy bank for a group of politicians there, some of whom used it to syphon off government contract money. Ant Financial IPO plans pushed back again. He’s the creator of Ant Financial and Alibaba Ant is affiliated with e-commerce giant Alibaba (), which raised a record $25 billion when it debuted on Wall Street in 2014 — still the world's second largest IPO to date. If you take a look at p.307 of Ant’s IPO prospectus, the company held only RMB 36b of loan receivables as of end-June 2020 (or about USD 5b).In a vacuum we can’t tell whether that’s a little or a lot, but that amount doesn’t really sound like much for a company with a dominant share of China’s USD 14 Trillion economy. Even get to the fact Sheet together in a press release £23bn ) in our Privacy.... Make an informed and intelligent business decision Tinto Rises 36 % in 3 months Stay! 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