Question
I want to talk about the Ant Group's IPO.It was supposed to be, at $34b,the largest IPO in history, an amazing feat if it had
I want to talk about the Ant Group's IPO.It was supposed to be, at $34b,the largest IPO in history, an amazing feat if it had been pulled off, especially in this age ofCoronavirus.
For reasons unclear,the IPO was suddenlystoppedby theChinesegovernment.
Please share any ideas you wish on the Ant Group IPO. What is so great about Ant? Is it worth that much?
Starting Information-
For hundreds of millions of people in China,Alipay(an Ant product like our Apple Pay)may as well be a bank. It is their credit card, debit card, mutual fund and even insurance broker, all on a single mobile platform. It is a lender to small businesses, bothonlineand off, that might otherwise be ignored by China's big state-run banks.Alipayhas more than 730 million monthly users, more than twice the population of the United States.
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