Ant Group listing – the largest IPO in history?

Equities

Jack Ma’s Ant Group is aiming to hold the largest IPO in history this year. Here’s how you can get involved with Marketsx.

Alipay operator seeks record IPO

Ant Group Co will attempt to hold the largest IPO in history later this year when it aims to raise as much as $30 billion for a valuation of at least $225 billion.

The fintech behemoth was founded by Jack Ma’s Alibaba. Amongst other things, it operates Alipay, the world’s largest digital payment platform.

The company has raised over $23 billion in private funding and was valued at $200 billion in its latest funding round. Alibaba owns a 33% stake in the business.

It’s backers include BlackRock, General Atlantic, Silver Lake, and Warburg Pincus.

Ant’s IPO filing reveals revenue of $10.5 billion in 2020 H1, representing growth of 40% year-on-year, while profit is up 1,000% on an annualised basis to $3.2 billion.

Will Ant Financial IPO beat Saudi Aramco’s record?

Ant Financial is expected to list in Shanghai and Hong Kong in October. If demand remains strong the company could raise as much as $30 billion. The IPO market got off to a slow start this year thanks to the coronavirus pandemic, but the Hong Kong market has roared back into life in the past few months.

The current record for an IPO was set by Saudi Aramco, which raised $29 billion when it listed on the Tadawul.

How to trade the Ant Financial IPO and Ant Financial shares

This could be the biggest IPO in history, and you can start trading it right now with the Ant Financial grey market on Marketsx.

Buy or sell the grey market to speculate on the eventual market capitalisation of the company when it goes public.

You’ll also be able to start trading CFDs on the shares the day they begin trading.