Alipay operator prices itself as most expensive IPO of all time Alibaba has announced the initial public offering (IPO) of its financial services arm, Ant Group, and is aiming for the world’s biggest-ever float measured by cash raised.…
Based on the pricing, Ant Group is valued at US$313.3 billion.
"We can't use yesterday's methods to regulate the future," Jack Ma reportedly said. Reports have valued Ant Group near $200 billion ahead of its IPO.
After merging with a special purpose acquisition company, the electric truckmaker will now trade on NASDAQ under the ticker RIDE.
The Beijing-based company has reportedly been in talks with banks such as Goldman Sachs for its IPO plans.
The billionaire investor's company spent $735 million on shares in the cloud-data platform that are now worth $1.8 billion.
The lending and wealth management unicorn Lufax is looking to tap into US capital markets, as regulators are increasing scrutiny of Chinese tech listings.
The investor explains when it's the right time for startups to go public and how apps have overtaken telcos for the first time in Southeast Asia.
The move will see Temasek become a substantial shareholder in the company.
Murmurs have circulated in recent weeks that several ad tech companies are preparing initial public offerings, contributing to the most robust IPO market in five years. Adweek spoke with several analysts in the space to gauge if the recent reports indicate a repeat of past investment crash-and-burn bubbles, or whether the industry is entering a...
Hi-tech drug discovery firm Schrödinger, Inc. (SDGR) is up 100% since its IPO earlier this year, and one of Wall Street‘s “most intriguing and mysterious” billionaires just cashed in. David Shaw, the secretive 69-year-old investing legend, has now sold more than $127 million worth of SDGR stock in the past month alone. In that time, SDGR’s share price hovered between 217% and 233% above its February issue price of $17 — impressive, but well below SDGR’s $93 record high in July. These are noticeably Shaw’s first stock sales of any kind all year, according to finance portal Finviz. The moves were made… This story continues at The Next Web
Triller is reportedly in talks to set up a public listing via a merger with a SPAC, although it is simultaneously pursuing a private funding round.
Launched last month, the five funds aim to raise US$1.8 million each and invest up to 10% of their assets to buy Ant's IPO shares.
Meanwhile, China’s National Council for Social Security Fund plans to buy shares in the Shanghai market.