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Ant Group IPO – What You Need To Know About The World’s Largest IPO
By SG Money Matters  •  October 26, 2020
If you are a global investor, you need to pay attention to China’s tech companies.  In my previous article, I talked about the Hong Kong IPO fever this year and highlighted the Ant IPO. The IPO prices for both Shanghai and Hong Kong legs are finally set. If you are interested in Ant IPO, here is what you need to know. Ant Group, formerly known as Ant Financial and Alipay, is an affiliate company of the Chinese Alibaba Group. Ant Group is the world’s most valuable unicorn company (a privately held startup company valued at over $1 billion). Ant’s mobile payment app Alipay has 731 million users on September 30. To put the number into perspective, PayPal, the world’s largest payments platform outside China has only 286 million active users. Ant IPO was supposed to launch early this month but the process was not smooth after Trump announced a...
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By SG Money Matters
Howdy. My name is Ivan. I am a blogger and fee-based financial adviser. I spent the last decade providing financial advisory services to both individuals and business. My speciality is financial planning for early retirement.
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