• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Monday, June 23, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Business

Jack Ma owned Ant Group’s IPO hits orders worth $3 trillion in retail demand

by Chhavideep Singh
October 31, 2020
in Business
Reading Time: 2 mins read
0
Jack Ma owned Ant Group’s IPO hits orders worth $3 trillion in retail demand
TwitterWhatsappLinkedin

If you don’t already know this, Ant Group is an affiliate of Jack Ma’s Alibaba Group. Ant Group is one of the most valued Financial Technological Company in the world which was previously known as Ant Financial and Alipay. The current valuation of the company is USD 280 billion and is one of the world’s most valued Unicorn Start-up.

You might also like

Why Smart Entrepreneurs Are Betting Big on Shopify Store Management Services

FBI Warns Americans to Delete Fraudulent DMV Scam Texts Amid 700% Surge in Attacks

Frederick W. Smith, FedEx Founder and Visionary, Dies at 80

Recently, in retail bidding, Ant Group Company was successful in occupying orders from investors worth USD 3 trillion for their dual listing in Shanghai and Hong Kong. $3 trillion is enough for the company to buy out JPMorgan Chase and Company and still be left with 90% of their total money, according to analysts.

Credits: https://rb.gy/b9dmhf

Sources also reported that one bidder was so intensely attacked by the number of orders that his platform crashed temporarily. In addition to this, as a matter of fact, 900 times more initial supply was demanded for the retail sector in Shanghai which is phenomenal and a significant factor in concluding with the final amount.

It has been allegedly confirmed that Ant Groups will start their trading on 5th November and the speculations around the event urge risky factors like the United States elections, COVID-19 situation and China’s stringent regulations.

China is under threat of the American financial sanctions and a win for Beijing could reduce the risk factor significantly. China’s representative and huge financial tech company Behemoth’s IPO which is worth USD 35 billion and counting has backed a company which is speculated to revolutionise global finance in the world. So, even if Ant Group does not prevail, the ball is in China’s court.

Credits: https://rb.gy/keepes

Let us study an example of how intense the bidding session of Ant Group was that within minutes of going live, all shares were sold.

A developer who was amongst a thousand others was hoping to get his shares from Ant’s generously tight offerings. He acted as a broker for a few clients and as the bets went live, he clicked multiple times within seconds to boost his bets to get Ant’s shares which were being handed on the first-come, first-serve basis.

As soon as the IPO went live, he claims to refresh his page multiple times in seconds and was able to order Ant’s shares worth USD 7, 40,321 which was approximately 85% more than his current share market standing. He further claims that the quota was finished within minutes of going live.

Credits: https://rb.gy/9kkhln

Analysts speculate that Ant can hike up approximately 40%-50% on the first day of their trading as the performance of Ant Group in the market is highly valuable.

Tags: Ant GroupJack Ma
Tweet54SendShare15
Previous Post

WeWork CEO Sandeep Mathrani talks about revisiting IPO plans after last year’s fiasco

Next Post

Winzo receives funds from Epic Games investor and co-founder of Bain Capital

Chhavideep Singh

Hi! I'm Chhavideep, If you like reading about technology, business and start-ups, you've come to the right place. Catch me: [email protected]

Recommended For You

Why Smart Entrepreneurs Are Betting Big on Shopify Store Management Services

by Rohan Mathawan
June 23, 2025
0
Why Smart Entrepreneurs Are Betting Big on Shopify Store Management Services

Operating a Shopify store can be a dream come true initially — clean themes, drag-and-drop editors, and scores of apps that are supposed to deliver. However, once the...

Read more

FBI Warns Americans to Delete Fraudulent DMV Scam Texts Amid 700% Surge in Attacks

by Harikrishnan A
June 23, 2025
0
FBI Warns Americans to Delete Fraudulent DMV Scam Texts Amid 700% Surge in Attacks

A new wave of scam text messages pretending to be from state Departments of Motor Vehicles (DMVs) is sweeping across the United States, prompting a serious warning from...

Read more

Frederick W. Smith, FedEx Founder and Visionary, Dies at 80

by Harikrishnan A
June 23, 2025
0
Frederick W. Smith, FedEx Founder and Visionary, Dies at 80

Frederick W. Smith, the man who forever changed how the world sends and receives packages, has passed away at the age of 80. Known as the founder of...

Read more
Next Post
Winzo receives funds from Epic Games investor and co-founder of Bain Capital

Winzo receives funds from Epic Games investor and co-founder of Bain Capital

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?