Ant Group trades at 50% premium in Hong Kong gray market
MONDAY, NOVEMBER 02, 2020
Institutional investors are buying Ant Group Co.'s shares at a 50% premium, signaling the Chinese fintech giant is poised to soar in its debut this week following the world's largest initial public offering.
BEIJING - China's securities regulator said Wednesday it has approved the initial public offering (IPO) registration of Ant Group, the parent company of the country's leading mobile-payment business Alipay, on the science and technology innovation board.
Ant's mega IPO sets up Jack Ma to escalate war with Tencent
FRIDAY, SEPTEMBER 04, 2020
Ant Group's late-summer IPO filing drove home why the business -- backed by 711 million monthly users that spent $17 trillion through its platform -- is headed for potentially the world's largest stock debut. Yet investors may do well to focus on the long-term threat to its core businesses from archrival Tencent Holdings Ltd.