Hong Kong stockbrokers are so confident Ant IPO will go smoothly that they’re offering to let mom-and-pop investors buy the stock with as much as 20 times leverage. The rejection comes as Beijing signals its determination to rein in private companies. The Chinese fintech giant had expected to raise an unprecedented $35 billion in its stock market debut. Expected to take place in late September or October, this IPO could help Ant raise $30 billion, with simultaneous listings on the Hong Kong and Shanghai stock exchanges. Ant Group's expected initial public offering of stock was scuttled, but the internet giant still has fans rooting for an IPO, which would be the world's largest. Thursday's planned listings would have been the culmination of the world's biggest IPO, with the two legs combined worth $34 billion. Sha Sha, 33, an insurance broker in Hong Kong, borrowed more than … Growing Power Of Ant Group Saved. Although the company's IPO date hasn't been set, it could happen in the next few months. Ant IPO has slim chance of getting done next year . Business Shanghai stock exchange suspends record-breaking Ant IPO. Alibaba fell 3.5% in Hong Kong Monday. What We Learned From Ant Group’s New IPO … … If the IPO is successful, Ant will surpass Saudi Aramco's $29.4 billion share sale last year. 1. On Friday, Ant was in the process of refunding investors who put down money for a piece of the thwarted IPO. ET First Published: Nov. 3, 2020 at 10:23 a.m. Alibaba stock dropped Tuesday after the initial public offering of Ant Group in China was postponed due to regulatory issues. Chinese financial technology group Ant has unveiled plans for a stock market debut that may raise a record $30bn (£23bn). Last-Minute Ant IPO Suspension Is a Communist Show of Strength Despite gaining regulatory approval, it's a message to management that it only operates at the behest of the Communist Party. See Saved Items. The registration-based IPO system, which had been under … 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. IPO Report Ant Group IPO: Five things to know about the Alibaba affiliate ahead of the largest offering in history Last Updated: Oct. 26, 2020 at 2:29 p.m. Ant Group was set to go public this week in a record $35 billion IPO that would have been dual listed on the Hong Kong and Shanghai exchanges. The company will offer a combined 11% stake by issuing 1.67 billion shares on each exchange. Ant Financial Revisits IPO Amid Growth Ant Financial had plans to go public back in 2018. But its stock never hit the market. Ant will announce the IPO's share price on October 27, according to updated regulatory filings. Ma’s Ant Group was slated to go public Thursday, but Chinese authorities have halted the IPO. Should demand for Ant's IPO hold strong, the debut would push global first-time stock offerings by tech companies above $57 billion, according to data collected by Bloomberg. The estimate was that the company would raise over $34 billion. The development is a blow to investors in Ant Group that were hoping to cash out with the IPO. ET … 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. Ant Group plans to raise about $30 billion in an IPO. And it isn’t the first time the company has looked at launching Ant Financial stock. ET It’s also accelerated a shift that was already underway to tighten supervision over IPO applications. The Shanghai Stock Exchange suspended Ant’s blockbuster IPO late Tuesday, a day after four regulatory agencies summoned Mr. Ma and the company’s top two executives to a closed-door meeting. Iris Tan, an analyst at Morningstar, said that Ant could face a 25%-50% downside in valuation, if its pre-IPO price-to-book ratio drops to around the level of top global banks. Ant Group IPO pricing 'history's largest', says Alibaba's Jack Ma ... Stock Markets Oct 24, 2020 08:45AM ET. This Ant-focused regulatory shift could throw a wrench in Ant's perceived valuation and, in turn, BABA. Alibaba founder Jack Ma during the company’s IPO at the New York Stock Exchange in September 2015. Alibaba , which owns one third of Ant Group, fell as … Ant Group's IPO date looks to be around the corner as the company prepares to file paperwork in Hong Kong and Shanghai to formally kick off the public listing process. Alibaba has a 33% stake. But analysts believe that value could go well past $200 billion after an Ant Financial IPO. Chinese regulators stomped over Ant Group's dual IPO plans at the eleventh hour last week, potentially delaying it for months and dealing a shock to investors across the globe. ... which owns a third of Ant and saw its stock tumble after the deal was abruptly suspended this month. Hong Kong's exchange, where Ant Group shares were also to be listed, said the issue would be postponed there as well. Alibaba shares post worst day since 2015 after Ant Group IPO is suspended Last Updated: Nov. 3, 2020 at 5:15 p.m. China’s overhaul of fintech rules puts spoke in Ant’s IPO plans With much work needed and some rules not spelt out, offering may not be done before 2022 30 November 2020 - 09:42 Agency Staff So when Ant Group was ready for an IPO, it was poised to be the biggest offering ever. Further Reading. Shares of Ant Group will start trading on the Hong Kong Stock Exchange on November 5, according to a Monday filing with the exchange. Ant Group plans to increase the valuation target for its initial public offering to at least $280 billion due to strong demand, charging ahead with … The scheduled initial public offering (IPO) of Ant Group on Thursday has been delayed for now, after its plans of listing on the Shanghai and Hong Kong’s stock exchanges were thwarted by authorities. Ant Group hasn't priced its stock for the coming IPO yet.