China Ant Group Public Offering Price Announcement Fundraising Funds of 3.6 trillion Yen October 27, 5:07
"Ant Group", which operates smartphone payment services under the umbrella of "Alibaba Group", the largest online shopping company in China, has announced the public offering price of shares for IPO = initial public offering.
The amount of funds to be raised is expected to reach 3.6 trillion yen in Japanese yen, the largest ever.
Under the umbrella of Alibaba Group, the largest online shopping company in China, Ant Group, which operates smartphone payment service Alipay, is preparing for listing on the Shanghai and Hong Kong stock exchanges.
According to the materials released through the stock exchange on the 26th, the public offering price of the shares was set at RMB 68.8 per share in the Shanghai market and HK $ 80 per share in the Hong Kong market.
Calculated from the number of shares issued, the amount of funds to be raised is more than 34 billion dollars, which is about 3.6 trillion yen in Japanese yen.
This is expected to be the largest ever, surpassing the $ 29.4 billion when Saudi Arabia's state-owned oil company Saudi Aramco went public in 2019.
In China, where smartphone payments are widespread, the number of users of "Alipay" is said to reach 900 million, and in addition to online shopping and over-the-counter payments of the Alibaba Group, various financial services such as online investment product sales We provide services and expand our business.
The Ant Group is said to be aiming for simultaneous listing on two stock markets, Shanghai and Hong Kong, and it has already been decided that the Hong Kong market will be listed on November 5.