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The world’s most valuable PRIVATE COMPANY secured a major approval. Ant Group just received approval from China to go public in an initial public offering.
And this sets the stage for the Ant Group stock to start trading later this year or in early 2021.
Go here ASAP to discover how to secure Pre-IPO shares.
Ant Group is a spinoff from Alibaba (NASDAQ: BABA). Alibaba will own 33% of Ant after the IPO takes place.
It’s a financial technology or “fintech” company. The company was started internally as part of Alibaba. And it facilitates online electronic payments.
Ant is a financial powerhouse. The company has over 1.3 billion users and 80 million merchants.
Ant’s IPO filing revealed important financial details including for the first six months of 2020:
- Revenues jumped 38% to $10.7 billion
- Net income was $3.2 billion
- Income surged over 1,000% from the previous year
The China Securities Regulatory Commission just approved Ant’s IPO plans.
Ant plans to list shares both in China on the Shanghai STAR market. And the IPO will happen simultaneously on the Hong Kong exchange. The Chinese government must approve the dual listing of a stock.
This could be the biggest IPO ever.
Bloomberg reports that Ant plans to raise $35 billion from investors. And the latest rumors suggest a valuation topping $280 billion.
The upcoming IPO would make Ant three times more valuable than Citigroup (NYSE: C).
The size of the stock offering would make this deal bigger than the IPOs from Saudi Aramco ($29 billion) or Alibaba ($25 billion).
Investors are hoping that Ant shares will take off – just as Alibaba’s shares did.
354% Profits from Alibaba
Click Here to Discover the Pre-IPO Secret
Alibaba launched its initial public offering at $68 in 2014. Shares are now trading at above $309 – for a 354% gain from the IPO price.
Jack Ma is the founder of both Alibaba and Ant. Ma personally owns a 50.5% equity stake in Ant via his investment holding companies.
That means Jack Ma’s stake could be worth over $130 billion!
Wall Street bankers and tech stock billionaires know that big profits happen on the private market. And that’s why they’re scooping up shares BEFORE a stock goes public.
It’s not just Jack Ma.
American billionaires including Jeff Bezos (Amazon), Bill Gates (Microsoft), Peter Thiel (PayPal) and dozens of others are doing the same exact things.
Today is your chance to jump into these Pre-IPO deals.
Just click here ASAP to discover the Billionaire’s Pre-IPO Secret.
Yours in Wealth,
Ian Wyatt