Ant group science and technology innovation board IPO registration takes effect

category:Finance
 Ant group science and technology innovation board IPO registration takes effect


From August 25, the first application was accepted to October 21, the formal registration took 58 days.

According to the data updated in the prospectus, ant groups operating revenue in the first three quarters of 2020 will reach 118.191 billion yuan, up 42.56% year-on-year, mainly from the growth of digital financial technology platform revenue; gross profit of 69.549 billion yuan, with a year-on-year increase of 74.28%; and the overall gross profit margin increases from 48.13% in the same period of last year to 58.84%. Previously, a number of securities companies have given a range of 1.7 trillion to 2.5 trillion yuan of valuation.

According to the announcement, the initial inquiry time of this offering is October 23, the subscription time is October 29, and the payment date is November 2. After the stock issuance, the company will apply for listing on the science and technology innovation board as soon as possible with the stock code of 688688.

At present, six global sovereign wealth funds have planned to invest in ant group, including Singapore Government Investment Corporation, Singapore Temasek, Abu Dhabi Investment Authority, Saudi Arabia public investment fund, etc. CIC and China social security fund have decided to participate in A-share strategic investment.

According to the companys issuance process of the science and technology innovation board, ant group has to go through roadshow, inquiry, online and offline issuance and subscription, and it will take about 10 trading days. Previously, some industry insiders expected that the Hong Kong stock of ant group might be offered from next Tuesday to Friday (27-30 days), and a + H shares would be listed simultaneously in early November.

On the 21st, after the announcement of the CSRC, Jing Xiandong, chairman of ant group, issued an open letter to investors - because I believe, I see.. In the letter, Jing Xiandong said ant group is a problem-solving company and has been committed to solving real problems for consumers and small and micro businesses.

At the Bund conference not long ago, ant group released trusple, an international trade and financial services platform based on ant chain technology. The first five partners of the platform include BNP Paribas, Citibank, DBS, Deutsche Bank and Standard Chartered Bank. In trusple platform, the information of buyers and sellers becomes more authentic, effective and transparent. Every successful transaction on trusple is a precipitation of credit on the chain for both buyers and sellers. When enterprises need financing, financial institutions can submit verification request to trusple platform to determine the trade authenticity of enterprises. On October 22, ant groups blockchain product ant chain digital copyright service platform was officially opened. The platform comprehensively applies blockchain, AI, cloud computing and other technologies to provide inclusive, efficient, reliable and secure copyright services. Each original work is linked from the registration of copyright ownership to the acquisition of copyright income. In addition, it also opens up the protection and transaction of intellectual property rights to ensure the normal circulation of works. At present, the original enterprises and individuals can register on the official website of the platform, and then they can start the journey of digital rights after passing the examination and certification. Top institutions of cultural industries such as tushun.com, Rococo, insect music, Jindu law firm, Guangguang film and other cultural industries have settled in the platform, with a daily protected work volume of more than 10 million. Source of this article: Guo Chenqi, editor in charge of first finance and Economics_ NBJ9931

At the Bund conference not long ago, ant group released trusple, an international trade and financial services platform based on ant chain technology. The first five partners of the platform include BNP Paribas, Citibank, DBS, Deutsche Bank and Standard Chartered Bank. In trusple platform, the information of buyers and sellers becomes more authentic, effective and transparent. Every successful transaction on trusple is a precipitation of credit on the chain for both buyers and sellers. When enterprises need financing, financial institutions can submit verification request to trusple platform to determine the trade authenticity of enterprises.

At present, the original enterprises and individuals can register on the official website of the platform, and then they can start the journey of digital rights after passing the examination and certification. Top institutions of cultural industries such as tushun.com, Rococo, insect music, Jindu law firm, Guangguang film and other cultural industries have settled in the platform, with a daily protected work volume of more than 10 million.