On the evening of 21, ant groups updated letter of intent showed that the initial inquiry time of this offering was October 23, the time of subscription was October 29, and the payment date was November 2. After the completion of the stock issuance, the company would apply for listing on the science and technology innovation board as soon as possible, with the display code of 688688.
The valuation is over 2 trillion yuan
At present, among the top 10 companies in the US stock market, including faamg (Facebook, apple, Amazon, Microsoft, Google), there are 7 technology companies; among the top 10 companies in Hong Kong stock market value, there are 4 technology companies, including Alibaba and Tencent. Previously, the preferred listing place of Chinese Internet companies was usually US stocks or Hong Kong stocks, and A-share investors had little chance to share the Internet development dividend.
Photo source: China Securities Journal
The ant is allowed to land on the science and technology innovation board, and will become the first company in the first echelon of Chinas Internet to be listed in A-share market.
According to CCTV finance, Ma Yun once expressed regret that Alibaba failed to list on A shares in 2014. He said: I hope Alipay can be listed on A shares in the future.
Source: CCTV finance and Economics
In 2018, ant group C financing, according to public reports, its valuation has reached $150 billion. It is widely believed that ant group will probably set up one of the largest IPOs in the world in recent years and set a new IPO record this year.
In the research report, Zhongtai securities suggested to refer to PayPal and relevant Internet companies to value ant group. The agency believes that PayPal, as the leading company of third-party payment in the world, has market space and competitive advantages to support its high valuation level, and the PE hub is 45-50 times; considering the characteristics and scarcity of ant group model, Tencent, Alibaba and Dongfang fortune are included as comparable reference valuations. Combined with the valuation of comparable companies and the scarcity of ant model, and considering the proportion of financial business profits, ant group was given 45-60 times PE, corresponding to the target market value of 1.8-2.5 trillion yuan in 2020.
Photo source: China Thailand Securities Research Report
According to the closing price on October 21, the company with the highest market value is the leading consumer stock of 2.1 trillion yuan: Guizhou Maotai. Industrial and Commercial Bank of China, Ping An, China Construction Bank, China Life Insurance, Agricultural Bank of China and other financial stocks followed closely, with a market value of more than one trillion yuan. Therefore, after the listing of ant group, it is expected to impact the first place in the total market value of Maotai, Guizhou.
Alibaba plans to subscribe 730 million shares
Photo source: visual China
Some investors have signed the subscription agreement for strategic investors and intend to participate in the subscription of a shares issued by ant group: Zhejiang tmall Technology Co., Ltd., a wholly-owned subsidiary of Alibaba group, will participate in the strategic placement of the IPO as a strategic investor and subscribe for 730 million shares. Huaxias 3-year closed operation strategic placement, e-funds 3-year closed operation strategic placement, etc.
The raised funds are mainly invested in four directions, including boosting the digital economy upgrading (accounting for 30%), strengthening global cooperation and helping global sustainable development (accounting for 10%), further supporting innovation and science and Technology (accounting for 40%), and replenishing working capital (accounting for 20%).
Judging from the current business scale, ant has more than 1 billion annual live users, more than 80 million connected businesses, 118 trillion yuan of payment transactions, and more than 2000 cooperative financial institutions.
At the Bund conference recently concluded, Hu Xiaoming, CEO of ant group, said that the most important thing after listing is to invest technology. At present, it has applied for 264 patents in the global patent market, with a total of 264 patents applied for in the global patent market, or the number of patents applied for in the global patent chain of oceanbase in the world, with a total number of patents applied for in the world, or the number of patents applied for in all regions of the world First. (this article is for reference only and does not constitute an investment proposal. Therefore, the operational risk shall be borne by ourselves) source: Daily Economic News Editor: Chen Hequn_ NB12679
At the Bund conference recently concluded, Hu Xiaoming, CEO of ant group, said that the most important thing after listing is to invest technology. At present, it has applied for 264 patents in the global patent market, with a total of 264 patents applied for in the global patent market, or the number of patents applied for in the global patent chain of oceanbase in the world, with a total number of patents applied for in the world, or the number of patents applied for in all regions of the world First.
(this article is for reference only and does not constitute an investment proposal. Therefore, the operation risk shall be borne by yourself.)