Warburg Pincus and The Carlyle Group are the most recent investors. In 2018, Ant called off a bid to buy MoneyGram, the money transfer company, after it failed to win the approval of American officials. The move to restructure Ant Group’s operations as a financial holdings company comes as “a bit of a surprise for many,” SoFi confirmed.This wasn’t really something that Ant’s … Just two months ago, bankers and investors were tentatively talking of a figure closer to $100 billion. A 2018 fundraising previously gave Ant Financial an implied value of $150 billion, to make it one of the world’s most highly valued private concerns. A nt Financial has raised 10 billion in 2018 at a $150 billion post money valuation, entering the top 10 of the most valuable financial services firms in the world. Now, we are talking about a sale of a 10% share of Ant Financial for a valuation of around $225 billion. 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 sale even as the Trump … ” Some days ago, Ant Group suspended its world record-setting IPO scheduled to hold in Hong Kong and Shanghai. Experts have worked to predict a valuation for the Ant Group IPO and it's nothing to be shy about. Based on traditional price-earnings measures, $150 billion implies a price 71 times Ant’s 2017 pre-tax profits or 85 times its net profits, assuming a tax rate of 16 per cent - the average paid by Alibaba in recent years. According to the sources Ant Financial is currently accelerating plans to list in Hong Kong and mainland China, while company advisers have approached potential buyers of unlisted shares to help clean up its shareholder … Ant Group services become more valuable as usage increases. Much of the rapid rise in its valuation is being attributed to the company’s disclosure of additional performance data, which although by no means its full financials, included some 2017 full-year figures that showed faster-than-expected growth. Billionaire Jack Ma’s Ant Group is poised to pull off what could be the biggest initial public offering ever by simultaneously listing in Hong Kong and Shanghai. It says it handled $17 trillion in digital payments in mainland China during the 12 months that ended in June. Based on reports that large Chinese investors are offering upwards of 69 yuan or … Summary. The money Ant raises would surpass the $29.4 billion that Saudi Arabia’s state-run oil company, Saudi Aramco, raised when it went public last year. Ant Financial's latest valuation is reported to be $60 b. Ant Financial Funding Rounds. Other groups have used alternative means of valuing Ant. The sources said that small holdings of shares in Ant Financial were traded in the secondary market late last year to imply a value of $200 billion. The more people use Alipay, the more data it gathers about their spending power. Ant Group’s platform is built on network effects. Ant … Jack Ma's Ant Group has just pulled off the biggest share sale in history, marking a huge win for the Chinese tech champion and the country's stock market. Jack Ma, founder of Chinese e-commerce giant Alibaba Group Holding, At a valuation of around $150 billion, Ant will trail only the big four state-controlled banks and insurer Ping An among financial-focused firms in China. China's Ant Financial has raised $14 billion at a valuation of about $150 billion, officially becoming the world's highest valued private tech company. The list currently comprises 15 companies, including PayPal, a payment service provider that bears close comparison to Ant Group. A spokesperson for Ant Group apologized for the delay of its initial public offering and further disclosed that the Group was working through regulatory … Ant Group's $35 billion initial public offering (IPO) is unlikely to suffer from any U.S. restrictions on the Chinese financial technology giant due to its very limited overseas presence, potential investors and analysts said. Like other giant internet companies, Ant says its strength lies in performing a large number of different tasks at once. Ant does not disclose actual profits and its pre-tax earnings of 13.2 billion yuan ($2.1 billion) are calculated from disclosures in filings by Alibaba, which is set to become Ant’s one-third owner soon. It has even changed its name, from Ant Financial to Ant Group, to emphasise that it … Ant Financial's Assets Under Management was reported to be ¥760b in Q1, 2016. View all funding rounds Ant Financial Revenue. Shareholding Structure of Ant Financial Group 1 ：Includes cross grants to Alibaba Group 2：Right to a 33% equity stake subject to regulatory approval 3：Ownership percentage if Alibaba Group converts to a 33% equity stake Domestic China Investors 76.4% 23.6% As of May 31, 2016 33%(2) Alibaba Partnership … Ant Financial Valuation. They strive to enable all consumers and small businesses to have equal access to financial and other services that are inclusive, green, and sustainable. However, Ant is also hard to value for the variety of businesses it runs. Ant fetched a $280 billion pre-money valuation before its IPO was halted.As part of the overhaul plans, Ant and at least a dozen banks are paring back their years-long cooperation on … To put that in context today JP Morgan Chase is worth around $305 billion; Bank of America is valued at $225 billion; and Wells Fargo just $101 billion; so, a … “It’s hard to analyze their value.”, Reporting by Kane Wu and Julie Zhu in HONG KONG; Editing by Jennifer Hughes and Muralikumar Anantharaman. Global Users Targeted by Ant Financial mn. That helped investors and analysts tweak their financial models. Cryptocurrency … Ant Financial was created in 2014 to encompass not just Alipay, but Alibaba's bigger push into financial technology. “Ant Group’s valuation may plunge further if its payment unit is forced to break up due to potential anti-trust probes by China’s central bank,” Chan wrote in a research note. Ant has created in China a parallel ecosystem of financial services targeted to ordinary Chinese consumers, the billion-plus “little people” who, until Ant stepped in, had been … Yet the melding of finance and tech is attracting regulators’ interest everywhere, and Ant has not been spared the scrutiny. Ant Financial's Alipay holds a near-duopoly in China's digital payments market with Tencent ... and the rumored target valuation of Ant's IPO probably won't significantly change the value … Ant’s financial holding structure is expected to weigh on its valuation, as the fintech firm was valued as a technology firm in its previous … The Alibaba online finance spinoff, which offers people in China a one-stop shop for loans, investments and more, will list shares in Hong Kong and Shanghai. Today, the company emphasizes that Alipay is merely the front door through which its users gain access to financial services. Last year regulators suddenly took steps to rein in the online lending market - a key growth engine for Ant - as part of its wider crackdown on easy credit. Ant was valued at $150 billion after its last funding round in 2018 and could hit a valuation of $200 billion in its public debut. Ant fetched a $280 billion pre-money valuation … Today, it’s one of the largest financial institutions in the world. Ant Financial's Assets Under Management was reported to be ¥760b in Q1, 2016. *Ant Financial valuation based on reported valuation of USD 60 billion in media; Alibaba Group receives 37.5% of Ant’s pre-tax income now, and if regulations allow, Alibaba Group is entitled to acquire up to a 33% equity interests in Ant Financial. Bloomberg sources say fintech Ant Group (NYSE: BABA) has raised its IPO valuation again to at least $280B, citing strong demand for its dual listings in Shanghai and … Ant Financial shares are being offered privately at levels which value the Chinese financial giant at $200 billion. “These things that Ant is doing are quite innovative and new. **Cainiao valuation based on valuation … All quotes delayed a minimum of 15 minutes. Y, 2015 … Ant’s listing would also be larger than that of its sister company, the Chinese e-commerce giant Alibaba, which raised $25 billion when its shares started trading on the New York Stock Exchange in 2014. While Alipay holds 54 per cent of the country’s fast-growing mobile payments market, WeChat Pay holds 38.2 per cent, according to Jefferies. “The proposed regulation decimates Ant’s valuation to more than 1/2, taking it under $150 billion. Ant Group has made 92 investments. Ant Group Co Ltd is a provider of digital payment and digital financial technology platforms. Ant Group Set to Raise $34 Billion in World’s Biggest I.P.O. But given the financial holding company framework is so new, it’s unclear how long it might take for authorities to sign off on a listing.Bloomberg Intelligence analyst Francis Chan estimates Ant’s valuation could drop to $108 billion. Our Standards: The Thomson Reuters Trust Principles. Ant also sells wealth management products and offers small loans and credit scores, among other ventures. Last year, Ant earned $2.7 billion in profit on $18 billion in revenue. Ant Financial, part of the mega-tech group Alibaba (NYSE:BABA), is planning an initial public offering (IPO) in Hong Kong that will value the firm at a massive $200+ billion … Ant Group has raised a total of $22B in funding over 4 rounds. How could Ant Financial justify its valuation? Ant Financial Operating Metrics. Ant Financial, the payments ... ($330m) in Alibaba’s last financial year — for clear one-third ownership of Ant. In recent years, China has clamped down hard on fishy online lending and investing schemes. “While mainland China remains core, I wouldn’t underestimate the potential upside of their international endeavors.”.
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