Chinese giant Ant Group’s plan to put its online financial businesses into a holding company to satisfy regulators could slash the firm’s valuation, require billions of … The company's platform Alipay has developed from a … Ant Financial Operating Metrics. The Chinese government stepped in, halting things on the eve of the IPO. While Alipay holds 54 per cent of the country’s fast-growing mobile payments market, WeChat Pay holds 38.2 per cent, according to Jefferies. The sources said that small holdings of shares in Ant Financial were traded in the secondary market late last year to imply a value of $200 billion. All quotes delayed a minimum of 15 minutes. Ant Group’s Valuation Seen Dropping to $108 Billion on Crackdown. A nt Financial has raised 10 billion in 2018 at a $150 billion post money valuation, entering the top 10 of the most valuable financial services firms in the world. “While mainland China remains core, I wouldn’t underestimate the potential upside of their international endeavors.”. The affiliate of e-commerce giant Alibaba raised $14 billion in … Billionaire Jack Ma’s Ant Group is poised to pull off what could be the biggest initial public offering ever by simultaneously listing in Hong Kong and Shanghai. They strive to enable all consumers and small businesses to have equal access to financial and other services that are inclusive, green, and sustainable. Ant Financial's Alipay holds a near-duopoly in China's digital payments market with Tencent ... and the rumored target valuation of Ant's IPO probably won't significantly change the value … That helped investors and analysts tweak their financial models. Both are keen to increase their dominance. Ant, an affiliate of Alibaba Group, is now 50% bigger than Goldman Sachs.Ant’s most recent valuation … To put that in context today JP Morgan Chase is worth around $305 billion; Bank of America is valued at $225 billion; and Wells Fargo just $101 billion; so, a … https://www.nytimes.com › 2020 › 10 › 26 › technology › ant-group-ipo-valuation.html Based on traditional price-earnings measures, $150 billion implies a price 71 times Ant’s 2017 pre-tax profits or 85 times its net profits, assuming a tax rate of 16 per cent - the average paid by Alibaba in recent years. Five years ago, Chinese fintech Ant Financial didn’t exist. Like other giant internet companies, Ant says its strength lies in performing a large number of different tasks at once. Then in 2018, Alibaba bought a 33% stake in Ant Financial. Jack Ma, founder of Chinese e-commerce giant Alibaba Group Holding BABA.N controls Ant. Ant Group has made 92 investments. Cryptocurrency … It will also be about 50 percent more valuable than Wall Street titans Goldman Sachs, Other groups have used alternative means of valuing Ant. Source: Reuters 2018, Reuters 2020, Techcrunch 2017; Embed Graph. Beijing also has a history of unexpected rule changes which can derail business plans. At a valuation of around $150 billion, Ant will trail only the big four state-controlled banks and insurer Ping An among financial-focused firms in China. Alibaba, E-commerce giant holds a 33% stake in Ant Financial In the quarter ending last September, Ant added $309 million to Alibaba’s bottom line, and the eCommerce giant traded its 37.5 percent pre-tax profits for a 33 percent equity stake. The company, the parent of the Alipay mobile payment service, priced its shares around $10.30 apiece, according to documents released on Monday by stock exchanges in the two cities. However, Ant is also hard to value for the variety of businesses it runs. Tan believes that the valuation of Ants could drop 25 to 50 percent if the price-to-book ratio falls from pre-IPO levels to those of top global banks. Beyond financial services, Ant Financial is expanding to new areas. Ant Financial's latest valuation is reported to be $200 b. Using Alipay at a market in Hangzhou, China. Visa and Mastercard — the other two U.S.-listed payment processors in the group — … HONG KONG (Reuters) - Ant Financial’s rapid climb to become the world’s biggest super unicorn valued by some investors at around $150 billion showcases investor enthusiasm for the biggest Chinese tech companies and also how quickly valuations can shift. In 2020, the group planned to raise more than $34 billion in what would have been the world’s largest IPO. On 26 January 2017, Ant Group Services Group announced a deal to acquire MoneyGram International for $880 million. Alibaba itself trades at 43 times last year's profits as does rival Tencent 0700.HK, home of Alipay rival WeChat Pay. It has even changed its name, from Ant Financial to Ant Group, to emphasise that … Last year regulators suddenly took steps to rein in the online lending market - a key growth engine for Ant - as part of its wider crackdown on easy credit. Ant Financial, the payments ... ($330m) in Alibaba’s last financial year — for clear one-third ownership of Ant. Ant's revenue rose 38% year-over-year to 72.5 … Litecoin Visa is planned - Geek Crunch Reviews 3 years ago […] a payment volume of $3.387 billion a year. They may work this year, but stop working next year, depending on China’s regulations,” said a Hong Kong-based equity analyst with a Japanese asset manager. Chan calculated complying with banking rules would drive the valuation of Ant’s consumer lending, wealth management and other non-payment businesses down by as much … The more people use Alipay, the more data it gathers about their spending power. Ant Financial's Users was reported to be 1.2 b in Nov, 2019. Jefferies analysts, who believe up to 70 per cent of Ant's 2017 business came from online payments, used Paypal PYPL.O as a comparison and valued Ant at $133 billion, equivalent to seven times their estimate for its 2019 sales - in line with the multiple implied by PayPal's share price. Today, it’s one of the largest financial institutions in the world. Ant’s financial holding structure is expected to weigh on its valuation, as the fintech firm was valued as a technology firm in its previous … Ant Group has raised a total of $22B in funding over 4 rounds. Ant Financial shares are being offered privately at levels which value the Chinese financial giant at $200 billion. Ant Group's $35 billion initial public offering (IPO) is unlikely to suffer from any U.S. restrictions on the Chinese financial technology giant due to its very limited overseas presence, potential investors and analysts said. A 2018 fundraising previously gave Ant Financial an implied value of $150 billion, to make it one of the world’s most highly valued private concerns. Ant Group, the Chinese financial technology titan, is set to raise around $34 billion when its shares begin trading in Hong Kong and Shanghai in the coming weeks, which would make its initial public offering the largest on record. They strive to enable all consumers and small businesses to have equal access to financial and other services that are inclusive, green, and sustainable. Summary. Jack Ma, founder of Chinese e-commerce giant Alibaba Group Holding, At a valuation of around $150 billion, Ant will trail only the big four state-controlled banks and insurer Ping An among financial-focused firms in China. It’s said to be … Ant’s status as one of the biggest tech groups in China is also boosting demand. Analysts at Barclays estimate that online payments accounted for 55 per cent of Ant’s $8.9 billion revenue last year, but they expect that to fall to one-third by 2021 as the company focuses on encouraging its 600 million customers to use more of its other, higher-margin services. A 2018 fundraising previously gave Ant Financial an implied value … Global Users Targeted by Ant Financial mn. In the meantime, despite the size of Ant’s eye-popping IPO, its valuation appears reasonable, or even cheap, compared with the metrics of other payment companies. How could Ant Financial justify its valuation? The listing had been expected to confirm Ant’s status as one of the world’s biggest companies by valuation, with an expected market value of … For conservative purpose, 33% is used in calculating Alibaba Group’s economics in Ant Financial here. 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