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Entertainment record IPO: Ant Group goes public to bring in more than 34 billion dollars.

09:30  27 october  2020
09:30  27 october  2020 Source:   handelsblatt.com

Lisa Armstrong hints she's ended feud with ex Ant McPartlin after their divorce finalises

  Lisa Armstrong hints she's ended feud with ex Ant McPartlin after their divorce finalises Lisa Armstrong and Ant McPartlin’s divorce finalised earlier this year.The 43 year old makeup artist spent two years ironing out the details of her divorce agreement with TV star Ant, 44, after they split in 2018.

Ant Group , the Chinese financial technology titan, is set to raise around $ 34 billion when its shares begin trading in Hong Kong and Shanghai in the coming weeks, which would make its initial public offering the largest on record . Last year, Ant earned .7 billion in profit on billion in revenue.

Ant Group would raise $ 34 .5 billion in its dual initial public offering after setting the price for its shares on Monday, making it the biggest listing of all time. Ant 's valuation based on the pricing will be 3.37 billion , larger than some of the biggest banks in the U.S

Ant Group plans to place its shares in Shanghai and Hong Kong. The Chinese fintech company is heading for the world's largest IPO.

Das Fintech betreibt mit Alipay den dominierenden Bezahldienst in China. © Reuters The fintech operates Alipay, the dominant payment service in China.

The world's largest IPO is imminent. As the Chinese financial services company Ant announced on Monday, it is aiming for its initial listing - the Initial Public Offering (IPO) - in Hong Kong on November 5th “or around this day”, as it said in a press release. Although the group did not give a date for stepping onto the trading floor in Shanghai, observers expect that the IPO planned as a dual IPO will take place at the same time on both marketplaces .

Ant McPartlin gets his head cut off by Declan Donnelly

  Ant McPartlin gets his head cut off by Declan Donnelly The TV presenters made use of the Time Warp Scan Filter on TikTok as Dec appeared to 'decapitate' his pal leaving his head floating in the air, in a video they posted on Instagram.The TV presenters made use of the Time Warp Scan Filter on TikTok as Dec appeared to 'decapitate' his pal.

The deal would value Ant at more than 3 billion before a so-called greenshoe option for a 15% overallotment of shares. Announcing the deal terms on Monday, Ant said that large, strategic investors in the Shanghai tranche of the initial public offering ( IPO ) would include Singapore state

The mammoth initial public offering adds to an already frenetic year for China’s capital markets. HONG KONG—Chinese financial-technology giant Ant Group Co. is set to raise at least $ 34 .4 billion from the world’s biggest-ever initial public offering , filings showed Monday, in a blockbuster deal

The Alibaba offshoot named a price for the shares that are for sale on Monday for the first time: According to this, 1.67 billion shares are traded each, which should cost 68.8 yuan each in Shanghai and 80 Hong Kong dollars in Hong Kong. Ant wants to collect around 17.2 billion dollars each, for a total of 34.4 billion US dollars, at both trading venues.

With this, the Chinese company would surpass the record emissions of the oil giant Saudi Aramco, which had made $ 29.4 billion last year.

Ant grew up primarily with the Alipay payment service app. In the meantime, the group is also active in other fields, such as lending. According to the market research company Analysys, Ant's competitor Tencent and Ant itself have a share of the market for mobile payment services in China of almost 94 percent. Ant holds the lion's share with around 55 percent, Tencent 39 percent.

Jack Ma summoned by the Stock Exchange Constable before the record IPO of Ant (Alipay)

 Jack Ma summoned by the Stock Exchange Constable before the record IPO of Ant (Alipay) © Liu Yang / VCG via Getty Images Jack Ma summoned by the Stock Exchange Constable before the record IPO of Ant ( Alipay) A few days before the colossal IPO of Ant (Alipay), the online payment giant, Jack Ma, founder of Alibaba, was summoned for a "regulatory interview" with representatives of the central bank and policemen of the Stock Exchange, the foreign exchange market and the banking sector.

At that valuation, Ant is worth more than Industrial and Commercial Bank of China, the world's biggest bank by assets. The money raised will also shatter the Ant 's IPO would also serve to burnish STAR's status. Companies raised .5 billion via IPOs and secondary listings on STAR between the start of

Ahead of the IPO , Ant Group would be valued at about 0 billion . If the company exercises its greenshoe option, which The pricing announcements for Ant Group ’s dual IPOs also came days after Alibaba founder Jack Ma called the Get fox business on the go by clicking here.

According to the company, the “digital wallet” from Alipay and its partners have 1.3 billion users worldwide. In the first nine months of 2020, Ant had increased its operating profit by 42.6 percent to the equivalent of $ 17.8 billion.

observers had assumed that Ant wanted to take the step on the floor before the US presidential election on November 3, as turbulence in the markets is expected following the decision between incumbent

Donald Trump and challenger Joe Biden. But the approval process in China has apparently thwarted the company's plans. According to

media reports, during the examination by the supervisory authority China Regulatory Security Commission, where Ant had submitted the IPO application in mid-September, the topic that most investors could apparently only invest in the company via the Ant payment system Alipay.

delays were threatened by possible intervention by the US side. In the past few weeks, according to media reports, there has been apparently mental games in the US government around Donald Trump on how to prevent the IPO. How exactly this should work was not clear, however.

Cancellation of record IPO: Alibaba and its Ant Group under pressure

 Cancellation of record IPO: Alibaba and its Ant Group under pressure The Alibaba offshoot Ant Group not only has to cancel its record IPO. China's authorities are suddenly putting new reins on the world's largest fintech company. Did founder Jack Ma become too arbitrary? © xcarrot_007 / Shutterstock Within just a decade, Ant Group has risen to become the largest fintech company in the world with Alipay, the popular mobile payment service in China.

The long-anticipated IPO of Alibaba-affiliated Chinese fintech giant Ant Group could raise tens of billions of dollars in a dual-listing on both the Shanghai and Hong Kong Anne Walsh, Guggenheim CIO Fixed Income, discusses a timeline for going back into the office amid the COVID-19 outbreak.

More In Brokers. Ant 's order books on the Hong Kong offering to institutional investors was oversubscribed one hour after the launch, two people with direct knowledge of the matter said. Ant 's IPO would also serve to burnish STAR's status. Companies raised .5 billion via IPOs and

Alibaba - Boss Jack Ma holds the strings in his hand

According to a statement by Jack Ma, who founded the company in 2004 as a payment service provider for his online retailer Alibaba,

had already been set on Friday evening . Although Alibaba now only holds 33 percent of the shares in Ant and well-known investors such as the state fund Temasek from Singapore and the financial investor Warburg Pincus have been involved in the fintech since the most recent financing round in 2018, Ma still holds the strings in hand.

"This is the first time that prices for such a large listing - the largest in human history - have been set outside of New York City," Ma said at an event on Saturday, according to media reports. “We didn't dare to think about it five years ago or even three years ago. But a miracle has just happened, ”he said.

The fact that China and not the USA were chosen as the stock exchange for the

IPO was seen as an expression of the tensions between the two great powers . The online retailer Alibaba, from which Ant was spun off in 2011, went public in 2014 in the USA .

I'm a Celeb's Ant threatens to sack Dec's wife during their Bushtucker Trial

  I'm a Celeb's Ant threatens to sack Dec's wife during their Bushtucker Trial Dec's wife is their manager, and he's only joking (we hope).One of the most fun moments from the Geordie duo's three tasks was the classic eating challenge, and it all got a bit much for Ant McPartlin, especially when he was presented with a vomit-inducing smoothie.

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Chinese financial technology giant Ant Group has set terms for a dual listing aimed at raising up to $ 34 .4 billion from the world's largest stock market debut, with investors scrambling for a piece of the fast-growing company.

Ma aims with statements like the one on Saturday at the favor of the Chinese government, which in the end has a decisive influence on the success or failure of a company in China - even if it is a private one.

The visit to the Shanghai Star Market should not have been a coincidence either and it should have been well received by the Chinese management team. China's state and party leader Xi Jinping ordered the establishment of the technology exchange in the midst of the trade dispute with the United States around two years ago.

With the money from the IPO, Ant wants, among other things, to advance its internationalization and grow in foreign markets. So far, the company has been aimed primarily at Chinese tourists who go shopping outside of China. In Germany, for example, Chinese customers can pay with Alipay at dm drugstores. The products of the German company are very popular with Chinese consumers.

Ant mostly cooperates with local providers abroad, such as the payment service provider Kakao in South Korea or True Money in Thailand.

More: The IPO of Ant Financial is trend-setting

I'm A Celeb's Jordan gets a break as Mo takes on Fort Locks trial .
With the radio host, 30, set to enjoy a well deserved rest on Friday, Mo Farah will be having his first attempt at winning dinner for the camp as he takes on Fort Locks. © Provided by Daily Mail Rejoice: The I'm A Celebrity campmates cheered as it was revealed Jordan North would get to sit out Friday's trial and Mo Farah would instead have a go at the end of Thursday's show At the end of the show, Ant and Dec appeared to let the campmates know who had been picked by the public to take part in the next trial.The final two celebs in the running ended up being AJ Pritchard and Mo, 37, with the athlete winning the vote.

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