- Tram Ho
Yesterday (November 2), four regulatory agencies, including the Central Bank and the monitoring agency of the Chinese banking system, summoned billionaire Jack Ma and the senior leaders of the financial company Ant Group. Attend a questioning session before Ant shares begin to trade on the stock market.
The announcement from Ant said the company will seriously take the ideas raised during the meeting, like innovating in a stable way, focusing on monitoring and providing services to the real economy.
After the record IPO raised $ 34.5 billion, Ant’s valuation reached about $ 315 billion, larger than JPMorgan Chase. This IPO also helped Jack Ma’s fortune increase to 71.6 billion USD, surpassing the heirs of the Walmart supermarket on the world billionaire ranking.
The IPO attracted a lot of attention from the world’s largest investment funds and created a fever among individual investors in China. Meanwhile, institutional investors in Hong Kong are buying Ant shares at 50% higher – a sure signal the stock will appreciate when it starts trading on November 5.
Ant was born when Alibaba Group launched the payment application Alipay in 2004, with the original purpose of serving buyers and sellers on Jack Ma’s e-commerce platforms.
Source : Genk