The listing of Ants is coming soon. How many streets does Ma Yun Wealth want to get rid of rich people like Ma Huateng?

　　Chinanews client Beijing, October 30th (Zhang Xu) On the 29th, the "Double 11" of the capital market came with the subscription of new shares of Ant Group!

　　On the evening of the 29th, the sci-tech innovation board issuance subscription status and the success rate announcement announced by Ant Group showed that the number of valid subscriptions for this online issuance was about 5.16 million, setting a new high for the sci-tech innovation board; the subscription amount was about 19.05 trillion yuan, refreshing A shares The highest record ever.

The largest IPO in human history

　　On October 26, the Shanghai Stock Exchange announced that the initial inquiry of Ant Group's IPO was completed, and the final A-share issue price was determined to be 68.8 yuan per share, with a total market value of 2.1 trillion yuan, which was about 2.5 trillion to 30,000 yuan previously predicted by many investment banks. Valuation of RMB 100 million, the discount range is about 20%-30%.

The issue price of Hong Kong stocks was also announced on the same day, at HK$80, which is basically the same as A-shares after excluding exchange rate effects.

Screenshot of Ant Group's H-share IPO announcement.

　　The IPO of Ant Group will raise US$34.5 billion, surpassing the world record of US$29.4 billion in IPO financing set by Saudi Aramco in December last year. This also means that the largest IPO in human history was born in Shanghai and Hong Kong.

　　Before the announcement of the IPO, the valuation of Ant Group has been bullish.

After the announcement of the IPO news, the valuation of Ant Group has been rising.

Are today's pricing and valuations in line with market expectations, are they considered high?

　　Some analysts pointed out that based on the issue price, the Ant A stock market value is 2.1 trillion yuan, and the P/E ratio in the past 12 months is 48 times. The P/E ratio in the next three years (2022) is only 24 times, which is about the issuance P/E ratio of listed companies on the Science and Technology Innovation Board. 1/3 of the average.

In addition to being "cheaper" than the Sci-tech Innovation Board, Ant's pricing is not high compared to other new economy companies such as foreign PayPal and domestic Meituan.

　　Wang Peng, an assistant professor at Renmin University of China, also believes that “Ant Group’s predecessor was Ant Financial, backed by Alibaba Group, with a solid financial background and a large number of data assets. Ant Group itself is also preparing for the future digital transformation. Application scenarios. From these perspectives, the issue price of 68.8 yuan is actually not expensive."

　　Despite this, Ant Group will also become the first Internet company with a total market value of more than one trillion A-shares. According to the closing data on October 29, between the 2.1 trillion market value of Guizhou Moutai Bozhong, if Ant Group goes public, it will In one fell swoop, it surpassed Kweichow Moutai and became the new king of A-share market value.

Hit the new hot, get a lottery or earn tens of thousands of yuan

　　Whether it is worth it or not can be seen from the fiery degree of the market.

On the evening of October 26, only one hour after Ant Group's Hong Kong issuance started, the issuance of H-share institutions was oversubscribed.

After only 3 hours, the subscription amount exceeded 100 billion US dollars.

This panic buying scene can be said to be comparable to "Double 11".

　　Based on data from multiple brokerage firms and banks, as of 10 a.m. on October 29, Ant Group's Hong Kong stock IPO margin (financing provided by banks and securities firms to investors) was approximately HK$380.28 billion, which is equivalent to the portion of Ant Group's H-share public offering. The subscription is about 113.8 times.

　　Due to the popularity of subscriptions, Ant Group’s institutional issuance of H shares ended the subscription at 5 pm on the 28th, two days earlier than originally planned.

The subscription requires the Sci-tech Innovation Board permission.

　　According to the issuance arrangement, October 29 is the online subscription day for Ant Group's A shares.

　　On the evening of the 29th, Ant Group issued an announcement showing that the over-allotment and call-back mechanism was launched in the issuance of A shares. After the call-back mechanism was launched, the final winning rate for online issuance was 0.12670497%.

According to an estimate of the issue price of 68.8 yuan, Ant's subscription amount exceeded 19.05 trillion yuan, setting a new record for A shares.

　　Due to the popularity, some investors said that winning the lottery is like buying a lottery ticket.

Someone tweeted "Yang Chaoyue", praying for a hit.

Some people even said that they are optimistic about the long-term and they will definitely not sell if they win the lottery.

Screenshot from Weibo.

　　According to media statistics, the average arithmetic increase on the first day of listing on the sci-tech innovation board is 161%, and the median increase is 123%.

Based on the 500 shares of Ant Group with an issue price of 68.8 yuan, if the first day increases by 161%, the first day can earn about 55,400 yuan; if the first day increases by 123%, the first day can earn about 42,300 yuan.

　　However, Wang Peng also pointed out that China's stock market is dominated by individual investors and few institutional investors. It is easy to follow suit or speculate in a short period of time.

"The current price of 68.8 yuan is not high, but if the price is raised five or six consecutively after the listing, the price will be inflated. So in fact, we should be more vigilant about the risk of an inflated price."

Create a rich

　　From the prospectus, Ant Group has experienced 4 rounds of major financing, and its valuation has been rising all the way.

From the first domestic financing in June 2015 to July 2018, the valuation level increased from 260 billion yuan to 960 billion yuan.

Then, the total market value of IPOs reached 2.1 trillion yuan, which was a 7-fold increase from the 260 billion yuan in June 2015.

　　With the listing of Ant Group, Jack Ma's net worth has also risen.

Jack Ma currently holds 4.8% of Alibaba's shares, with a market value of US$40.8 billion.

Jack Ma also holds 8.8% of the shares of Ant Group, with a market value of approximately US$26.6 billion.

Based on this calculation, Jack Ma's net worth is US$67.4 billion.

　　On the eve of the listing of Ant Group, Forbes real-time data also showed that as of 12 noon on October 29, Ma Yun's latest net worth reached US$65.6 billion, surpassing Ma Huateng to become the richest man in China.

Forbes China's richest list real-time data.

　　According to the prospectus of Ant Group, Jack Ma’s circle of wealthy friends is shining.

New Hope Group founder Liu Yonghao, Giant Network founder Shi Yuzhu, Huayi Brothers Wang Zhongjun, Oceanwide Group Lu Zhiqiang, actor Zhao Wei (participating as his mother Wei Qiying), etc., all enjoy 500 million to 5 billion yuan in Ant Group shares.

　　It is worth noting that after the Ant Group announced the IPO price, news that the per capita value of the Ant Group’s employees was tens of millions and that one house per capita was also circulating online.

In response, Alipay’s official WeChat account responded: “I don’t have a net worth of tens of millions, and I can’t afford a large house of 283 square meters. But if I don’t have it now doesn’t mean that I won’t have it in the future. There are still dreams, and I will work hard!

　　According to the Ant Group's prospectus, as of September 30, 2020, the issuer's shares corresponding to the economic benefits under the economic benefit incentive plan totaled 3.079 billion shares, of which the proportion of employees and consultants granted to Ant Group was approximately 65%.

Based on the issue price of 68.8 yuan, the employees and consultants of Ant Group will receive a total of about 137.69 billion yuan.

　　The prospectus also shows that as of June 30, 2020, Ant Group has a total of 16,660 employees.

According to this calculation by the media, the market value of shares held by Ant Group employees per capita is 8.264 million yuan.

Alipay official WeChat responded.

　　“8 million per capita is correct, and Alipay’s official WeChat account is correct, because according to past experience, most of the rewards are concentrated in senior executives and middle-level and senior employees. Ordinary employees can’t get that much, but count the shares they hold and say this It is not an exaggeration to create wealth." Some netizens commented this way.

　　According to statistics published by the media, after the listing of Ant Group, at least 58 billionaires of the Ant Group and Ali executives will be born, of which 22 are over 10 billion.

　　It doesn't matter if you are not an executive, employees who hold stocks can still board this wealth train.

If an employee holds 30,000-40,000 shares, the market value will be between 2 million and 3 million yuan based on the issue price of 68.8 yuan.

Counting the increase in the stock price of Ant Group after its listing is also not a small number.

　　It is not difficult to understand that after the official announcement of the listing of Ant Group, "Cheers from the entire building of Ant Group" were reported by the media as the "voice of freedom of wealth" and spread throughout the Internet.

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