ant group stock symbol

The projected price for Ant Group's Shanghai stock is 68.8 yuan, while its Hong Kong stock is expected to launch at 80 Hong Kong dollars. Mirroring Ma's success with Alibaba, Ant has quickly grown into most powerful tech companies in the world. Option trade fee Luckin Coffee was kicked off the Nasdaq following the disclosure of major accounting irregularities. Ant Group elects to hold off on its Hong Kong release until it can resolve its regulatory issues. More details The following ETFs already invest heavily in Chinese stocks, so they may be worth watching once Ant shares go live: You can buy ETFs or ADRs from a domestic brokerage account. Morningstar: Copyright 2018 Morningstar, Inc. All Rights Reserved. Stocks, Options, ETFs 32 East 31st Street, 4th Floor, Here's what the biggest IPO of all time means for American investors today. Gross profit for the period rose 74% to 69.5 billion yuan ($10.4 billion). Currently, it has 1.3 billion users and generated $10.1 billion in revenue during the first six months of the year. For the six months ended in June 2020, Ant reported revenue of 72.5 billion yuan — or $10.5 billion. On July 20, 2020, Ant Group announced that it had begun the process of a concurrent initial public offering ("IPO") on the Shanghai and Hong Kong stock exchanges. Search for ticker symbols for stocks, mutual funds, ETFs, indices and futures on Yahoo Finance. Ma was informed that Ant Group would need to face greater scrutiny and restrictions on its capital — similar to those imposed on other financial institutions. Investors who want to take advantage should consider investing in Alibaba (BABA) as it owns a significant piece of Ant Group. This Chinese ride-hailing platform plans to premiere on the Hong Kong Stock Exchange. We’ll update this page as more information becomes available. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC 2018 and/or its affiliates. Will Ant Group take another shot at a public listing? To amend its listing, Ant Group needs to resolve its regulatory issues and meet listing conditions for information disclosure requirements. Select a company to learn more about what they do and how their stock performs, including market capitalization, the price-to-earnings (P/E) ratio, price/earnings-to-growth (PEG) ratio and dividend yield. Ant Group stock is coming available on public markets in Shanhai and Hong Kong. That strategy appears to be working. US threats and restrictions against Chinese tech companies such as Huawei, TikTok and WeChat have sent a clear warning, while scrutiny of Chinese firms on Wall Street is rising. Ant Group had been planning to raise a record-setting $34.5 billion in a joint listing on the Hong Kong and Shanghai stock exchanges. All rights reserved. While the exact details of the meeting remain under wraps, multiple reports suggest that the meeting was called to serve Ant Group a regulatory warning. On November 2, Jack Ma, Ant Group’s billionaire co-founder, was asked to attend a meeting with the China Securities Regulatory Commission and the State Administration of Foreign Exchange. It was the first time a listing of its size was priced outside New York City. About ANT Financial Stock. The firm … On any given day, you can find her researching everything from equine financing and business loans to student debt refinancing and how to start a trust. Xiaomeng Lu, senior geotechnology analyst at Eurasia Group, said that Ant is also poised to benefit from the Chinese government's latest economic development plans, which are. Go to site Ant reports that its payment app, Alipay, processed 118 trillion yuan — $17 trillion — in transactions for the 12 months ended in June 2020. Ant Group said Monday that it would list its shares on both the Shanghai stock exchange's STAR board and the Hong Kong stock exchange. Features and fees to consider before you open an account with this trading platform. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. Optional, only if you want us to follow up with you. The shares are due to start trading in Hong Kong on November 5. Prepared investors should watch for Ant Financial's ticker symbol. Analysts also suggest the regulatory move was a response to Ma’s push for Ant Group to be treated as a tech company instead of a financial institution. Hangzhou-headquartered Ant Group planned to go public through a parallel listing on Hong Kong and Shanghai stock exchanges. Following the IPO’s suspension, Alibaba — which holds 33% of Ant Group — saw its Hong Kong and NYSE shares drop by 7% and 8% respectively. By Sherisse Pham and Julia Horowitz, CNN Business. You are about to post a question on finder.com: Subscribe to the Finder newsletter for the latest money tips and tricks. the China Securities Regulatory Commission and the State Administration of Foreign Exchange. Markets: DJIA --148.47 0.49%. Ant Group has apologized to investors and pledges to refund the money it has collected. If successful, the listing would break world records for the largest IPO to date. Every 3 shares of BABA stock gets you between 1-1.5 shares of Ant Group. I agree to the Privacy and Cookies Policy, finder.com Terms of Use and to receive emails from Finder. Terms apply. Everything we know about the Big Hit Entertainment IPO, plus information on how to buy in. BABA’s affiliate Ant Group, which is valued at approximately $210 billion, is the currently biggest fintech company in the world, and is expected to grow even more following its IPO. It has established its presence in every aspect of financial life in China, from investment accounts and micro savings products to insurance, credit scores and even dating profiles. The previous record for an IPO. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. The New York-listed shares of Alibaba Group Holding Ltd., which owns a 33% stake in Ant, tumbled more than 7% in premarket trading following the news. Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve. All rights reserved. To ensure you have the most up to date information, you should verify relevant information with the product or service provider and understand the information they provide. A final option for investors looking to tuck a slice of this Chinese fintech into their portfolio is to wait for the company’s American Depositary Receipt (ADR) to reach US markets. Another option for investors who want to purchase Ant Group stocks is to back its parent company, Alibaba. Alibaba trades on the New York Stock Exchange under the ticker symbol BABA. In fact, there are four ways American investors can invest in Ant Group. Please appreciate that there may be other options available to you than the products, providers or services covered by our service. 1 month ago . Get more detailed information and learn how to buy BABA stock. Please tick the box if you wish to continue with newsletter subscription. Chinese fintech giant, Ant Group — formerly Ant Financial — operates Alipay, the world’s largest digital payments platform. Find the latest 480276 (ANT) stock quote, history, news and other vital information to help you with your stock trading and investing. Most US brokerages only offer access to US stock exchanges, like the NYSE and NASDAQ. "Ant is being viewed as this national technology champion — it's investing in AI, it's investing in blockchain," Lu said. But reports suggest a new IPO prospectus must be drawn and submitted — a process that could delay the company’s dual-listing by at least six months. Whether Ant can keep growing apace, however, is an open question. $0 But before you open an account, make sure you review your broker’s commissions, exchange rates and potential taxes. What should share traders do during a stock market crash? Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Shannon Terrell is a writer for Finder who studied communications and English literature at the University of Toronto. The projected price for Ant Group’s Shanghai stock is 68.8 yuan, or $10.26, while its Hong Kong stock is expected to launch at 80 Hong Kong dollars, or $10.32. These figures put Ant Group’s revenue up 38% from the same period in 2019 — a promising trend for interested investors. Follow Ant Group share price and get more information. 05:41. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. Ma was informed that Ant Group would need to face greater scrutiny and restrictions on its capital — similar to those imposed on other financial institutions. Approximately USD$2–$3 for international trades On October 26, 2020 , Ant Group priced its IPO and was set to raise $34.5 billion , making it the largest public offering in history. Level 2 and 3 ADRs must file SEC reports, with only Level 3 ADRs being allowed to list on major US markets. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. Ant Group planned to evenly split its offerings between the two exchanges, with up to 1.67 billion shares up for grabs on each exchange, accounting for 11% of total outstanding shares. Rather than fighting for Ant Group allocation, investors can buy BABA stock today and reap the gains. You can also indirectly add Ant Group stocks to your portfolio by investing in exchange-traded funds (ETFs) that track the stock. The mammoth dual listing for Chinese fintech giant Ant Group will be the world's biggest, according to a pricing determined on Friday night, Alibaba founder Jack Ma said on Saturday.... | December 6, 2020 Thursday, October 15: The US State Department submits a proposal to add Ant Group to the Entity List, also known as the trade blacklist. While inclusion on the trade blacklist would not have stopped US investors from buying shares, it would have forced US suppliers to apply for special licenses before selling to the company. Thursday, November 12: The Wall Street Journal reports that China’s President Xi Jinping personally blocked Ant Group’s IPO. Charles Schwab, Fidelity and Interactive Brokers are all equipped to handle international trade. Tuesday, November 3: The Trump administration halts its plans to blacklist Ant Group. on Moomoo's secure site How to buy PMV Pharmaceuticals stock | $35.99, finder.com is a financial comparison and information service, not a bank or On eToro, you can buy $ANT.HK or other stocks and pay ZERO commission! Ant Group, the Alibaba (NYSE:BABA) -backed fintech company that owns the digital payments platform Alipay, will soon go public in one of the biggest IPOs in … Ant, the financial technology company affiliated with Chinese e-commerce group Alibaba (BABA), plans to list simultaneously in Hong Kong and Shanghai. We may also receive compensation if you click on certain links posted on our site. Lu noted that Ant faces tough competition inside China from rival. Expected to take place in late September or October, this IPO could help Ant raise $30 billion, with simultaneous listings on the Hong Kong and Shanghai stock exchanges. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. Trade stocks on the US, Hong Kong, Shanghai and Shenzhen markets. The projected price for Ant Group’s Shanghai stock is 68.8 yuan, or $10.26, while its Hong Kong stock is expected to launch at 80 Hong Kong dollars, or $10.32. This environment is likely a major reason Ant chose to list on exchanges in Shanghai and Hong Kong, rather than follow Alibaba to Wall Street. Hong Kong/London (CNN Business)Jack Ma's Ant Group has just pulled off the biggest share sale in history, marking a huge win for the Chinese tech champion and the country's stock market. Tech Stocks on Fire, Ant Group IPO ... Google stock is a one-of-a-kind opportunity, although shares face visible risks, including regulation. We may also receive payment if you click on certain links posted on our site. Waterdrop is planning to open the doors to US investors by filing an IPO with the SEC. Alipay is an online payment services provider. If you plan to buy Ant Group shares, you’ll need an international brokerage account that allows you to buy and sell shares on overseas markets. Available asset types $0 A high degree of industry competition and a multitude of other tech-focused IPOs may affect the launch of this e-commerce platform’s stock. In the long run, that could benefit China, directing money to its markets as investors rush to snap up Ant shares. Level 1 ADRs are the most risky, as they don’t require an SEC report and typically only trade on over-the-counter exchanges. Ant Group (Chinese: 蚂蚁集团; pinyin: Mǎyǐ jítuán), formerly known as Ant Financial and Alipay, is an affiliate company of the Chinese Alibaba Group.Ant Group changed name in June 2020 from Ant Financial Services Group. The company said revenue for the nine months ended in September rose about 43% to 118.2 billion yuan ($17.7 billion) compared to the same period last year. She loves hot coffee, the smell of fresh books and discovering new ways to save her pennies. The New York Times suggests Ant Group could be worth as much as $310 billion. Ant is closing its Hong Kong institutional book building on Wednesday, a day earlier than scheduled, because of strong demand from global institutional investors, a source familiar with the matter told CNN Business. Profits over the same time period were 21.9 billion yuan — or $3.2 billion. Shares were expected to go live on their respective exchanges on November 5 but the listing has since been canceled. While it’s still not entirely clear why Ant Group’s Shanghai listing was suspended, The Wall Street Journal reported on Nov 12 that China’s President Xi Jinping was personally responsible for Ant Group’s IPO suspension — potentially in response to Jack Ma’s open criticism of the country’s slow and risk-averse banking industry just weeks prior. We strive to ensure our content is clear and honest. ANT Financial Stock. ADRs are certificates that represent shares of foreign stock and, like ETFs, they can be purchased from a domestic brokerage account. While no guarantee of performance, here’s how some of Ant Group’s competitors have fared:

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