On October 21, the China Securities Regulatory Commission approved the IPO registration of ant groups science and technology innovation board. This means that A-share is about to usher in the first Internet giant.
For a long time, U.S. and Hong Kong stocks have been the preferred listing places for many Chinese Internet companies, which makes A-share investors rarely have the opportunity to share the dividend of the development of the Internet industry. However, with the approval of the CSRC for the IPO of ant, this history will change.
It has been a long time since ants listed on a shares. In 2014, Ma Yun expressed the regret of Alibabas failure to list on A shares, when he said, I hope Alipay will be able to list on A shares in the future. Six years later, ant, which has become the worlds largest unicorn, submitted its A-share listing application and became the first company in Chinas Internet first echelon to list on A-share.
From the global market point of view, the head of the Internet companies have a very positive role in driving the stock market. For example, the head technology company represented by faamg (Facebook, apple, Amazon, Microsoft, Google) in the US stock market is not only the ballast stone enterprise of the US stock market, but also an important driving force for the growth of the US economy and corporate profits and the realization of the long bull of the US stock market.
According to the data, among the top 10 companies in the U.S. stock market, there are 7 technology companies, including faamg; there are 4 technology companies in the top 10 of Hong Kong stock market value, such as Alibaba, Tencent, etc.; while the number of technology companies in the top 10 of a stock market value is 0, the emergence of ants will change this situation.
After landing on the science and technology innovation board, ant will become the first Chinese version of faamg in a share market, which is expected to trigger demonstration effect in a share market, attract more high-tech companies to choose a share, and further enhance the imagination space of a share.
At the Bund conference recently concluded, Hu Xiaoming, CEO of ant group, said that the most important thing after listing is to invest technology. According to the prospectus, ants technology has been leading the world in the industry: technical personnel account for 64%, covering all business lines; at present, it has patents or patent applications in 40 countries or regions in the world, with a total of 26279; in the blockchain field, it has the worlds first patent application for four consecutive years, with 212 patents granted, ranking the first in the world; its database product oceanbase has global performance First, it is far beyond the international counterparts.
Ants listing is expected to become the largest IPO this year, and many securities companies have estimated its value. Guoxin Securities through the absolute valuation method and the relative valuation method, the valuation range is 1.7 trillion to 2.5 trillion yuan. The Morningstar Stock Research Report valued ant group at HK $2.45 trillion (equivalent to RMB 2.1 trillion).
(author: Tao Li, editor: Xu Xu)
Extended reading ant group distribution scheme! A-share new model: about 20 billion Ali subscribes 730 million shares of ant science and technology innovation board, with a half sales limit of 2 years. Ant groups subscription time is October 29, with the display code of 688688. Source: 21st century economic report editor in charge: Wang Fengzhi_ NT2541