The record-breaking IPO: Ant Group plans to raise $34.5 billion in the Chinese stock birgonul Solovyov | 30.10.2020
On the stock exchanges in Shanghai (SSE) and Hong Kong (HKEX) has begun an initial public offering of shares of the company Ant Group – financial “daughter” of the Alibaba Group, was established in 2014 to manage payment
system Alipay. According to analysts, this is a dual IPO may lead founder of Alibaba Group Jack MA (Jack Ma) may be among the richest people in the world.
The listing of the shares of the company in Hong Kong will take place on 5 November of the current year, the date of the IPO in Shanghai is still unknown, but is likely to take place in the same date. Parameters of the IPO, as announced by the Ant Group,
involves placing equal volumes of about 11% of the shares on the stock exchanges of Hong Kong and Shanghai a total volume of $34.5 billion.
The IPO Ant Group, stock analysts believe will be a record financial performance. So, the only part of the debut on the Shanghai stock exchange, the company intends to attract about USD 114.9
billion yuan ($17.1 billion) and the amount of the same order, it expects to attract in the framework of listing on the stock exchange in Hong Kong. In addition, the placement can exercise your right for sale
additional shares in the event of increased demand for them, that will bring another $5,17 billion.
In 2014, Alibaba Group itself has put one of the records in the history of IPO, selling 14.9 percent of its shares for $25 billion in the Current record to the present time held oil monopoly Saudi Aramco,
which at the end of 2019 – beginning of 2020 has attracted an amount of $29.4 billion for the placement of 1.7% of its shares.
At the end of this placement Ant Group is expected to be valued at $315 billion.
According to Bloomberg, the expected success in the
“the Shanghai debut of” Ant Group will push the price of the new shares in China to record growth this year. As analysts suggest, the total value of new listings in Shanghai and Shenzhen in
2020 it will reach a record for him 503 billion yuan – from the data collected by Bloomberg based on the date of commencement of trading. The previous record IPO in mainland China reached 491
billion yuan in 2010, this was helped by the placement of shares in Agricultural Bank of China (Agricultural Bank of China) with a volume of 68.5 billion yuan on the Shanghai stock exchange.
Jack MA (Jack Ma), founder of the Alibaba Group, after that dual listing may well be on the list of 10 richest people in the world. Currently, he is the package owner of the 8.8%
stock Ant Group, which during the IPO will be valued at $27.4 billion As experts believe, the state of Jack MA, already considerable, will grow to the size of the $71.6 billion, moving it of the owner from the 17th
the rankings of the richest people in the world Bloomberg Billionaires from the 11-th place.
Good income and get the other owners of shares Ant Group. For example, the shares owned by co-founder and CEO of Pen Lucy (Lucy Peng), will cost $5.1 billion, the package of the Chairman
Board of Directors Eric Ching (Jing, Eric) — $3.1 billion.
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