When will ant financial go public? What is the market value of ant financial
4hw.com.cn: Recently, the rumors about the listing of ant financial service have become a hot topic. Recently, ant financial service has been worth 150 billion US dollars. When will ant financial service be listed? What segment is ant financial service listed at 150 billion? Let's have a look.
According to several people familiar with the matter, ant financial is negotiating with potential investors such as Singapore's sovereign wealth fund Temasek to raise at least $10 billion, valuing ant financial at about $150 billion - even 50% higher than the market value of Goldman Sachs, a famous Wall Street bank.
The valuation not only makes ant financial the most valuable start-up company in the world, but also promotes the payment company founded by Alibaba Group Chairman Ma Yun to one of the top 15 banks, insurers and credit institutions with the highest market value in the world.
Ant financial's last round of financing took place in April 2016, when the company raised $4.5 billion from Chinese investors, with a valuation of about $60 billion. Since then, ant financial's revenue has been growing, and Alipay's business in China and other countries and regions has also grown rapidly.
A few years ago, CLSA valued ant financial at $75 billion. If the value reaches 150 billion dollars this time, it means that the value of ant financial services has doubled in the past few years.
So far, ant financial's stock demand has been very strong, people familiar with the matter said. Ant financial's current round of financing also comes at a time when the company is about to IPO (initial public offering). Some people familiar with the matter said that ant financial services could IPO as soon as this year.
With a valuation of $150 billion, the Alipay and money fund operator will rank 14th in the global financial services company.