Ant listing speed up: IPO audit status changed to inquired

category:Internet
 Ant listing speed up: IPO audit status changed to inquired


According to the information from Shanghai Stock Exchange, on August 30, the IPO approval status of ant Technology Group Co., Ltd. was changed to inquired. On the evening of August 25, ant group submitted the listing prospectus (declaration draft) to the sci tech Innovation Board of Shanghai Stock Exchange, and simultaneously submitted A1 application documents to the Hong Kong stock exchange. According to the prospectus, the total number of new shares to be issued by ant group in a shares and H shares shall not be less than 10% of the total shares after the issuance, and the total shares after the issuance shall not be less than 30.3897 billion shares (before green shoes), which means that it will issue no less than 3 billion new shares. According to the website of Shanghai Stock Exchange, ant groups financing amount in the scientific and technological innovation board is 48 billion yuan. The green shoe mechanism can be introduced in this A-share issuance, and the maximum over allotment right shall not exceed 15%.

On August 14, Zhejiang regulatory bureau of China Securities Regulatory Commission announced the filing document of ant group counseling. Ant group entered the listing guidance period, CICC and CSCI were the A-share listing guidance institutions.

In terms of listing on the Hong Kong stock exchange, the SFC received on August 21 the approval materials for the overseas initial public offering of shares (including common shares, preferred shares and other stocks and stock derivative forms) of ant group, which was accepted on August 24.

On the same day, Zhejiang provincial securities regulatory bureau announced on August 24 that ant group had completed the initial public offering of RMB common stock (A-share) shares in Zhejiang provincial securities regulatory bureau and the guidance and filing work for listing.

A day later, ant group submitted a prospectus. Ant group achieved 65.396 billion yuan, 85.722 billion yuan, 120.618 billion yuan and 72.528 billion yuan in 2017, 2018, 2019 and January June 2020, respectively

Although the IPO price per share and target valuation have not been determined, it is widely believed that ant will probably become one of the largest IPOs in the world in recent years. In 2018, ant group C financing, its valuation has been estimated to reach 150 billion US dollars.

Ant groups prospectus in Hong Kong and Shanghai: net profit of 21.2 billion in the first half of this year

On the afternoon of August 25, ant group submitted the listing prospectus (draft declaration) to the science and Technology Innovation Board of Shanghai Stock Exchange, and simultaneously submitted A1 application proof to the Hong Kong stock exchange, taking a key step of a + H listing.

According to the prospectus, the total number of new shares to be issued by ant group in A-share and H-share is no less than 10% of the total share capital after the issuance, and the total share capital after the issuance is no less than 30.3897 billion shares (before green shoes), which means that it will issue no less than 3 billion new shares.

The green shoe mechanism can be introduced in this A-share issuance, and the maximum over allotment right shall not exceed 15%.

According to the prospectus, ant groups annual revenue in 2019 is 120.6 billion yuan, and the net profit is 18.07 billion yuan; from January to June this year, ant groups revenue is 72.5 billion yuan, of which the digital financial technology service revenue accounts for more than 60%, and the net profit belonging to the parent company is 21.23 billion yuan; in 2019, 2018 and 2017, its revenue is 120.618 billion yuan, 85.722 billion yuan and 65.396 billion yuan respectively; the net profit is 16.957 billion yuan, 667 billion yuan and 6951.51 billion yuan 100 million yuan.

Ant group plans to raise 48 billion yuan on the science and technology innovation board and go public as soon as October

On the evening of August 25, Shanghai stock exchange accepted ant groups IPO application for science and technology innovation board. Meanwhile, ant group submitted its listing application to the Hong Kong stock exchange. This marks the start of the listing of the technology financial giant in Shanghai and Hong Kong.

In addition to the huge scale of financing, the issuing audit speed of ant group has also attracted attention, which may rewrite the record set by SMIC. Industry insiders expect ant group to be listed as soon as October.