Five new Chinese funds targeting the giant upcoming IPO of Ant Group (NYSE:BABA) sold out in days and have cumulatively raised 60B yuan - about $8.93B - from more than 10M retail investors. ( read original story ...)
China funds targeting Ant IPO rake in $9 billion from over 10 million investors
Five newly launched Chinese funds targeting Ant Group's upcoming mega stock listing raised 60 billion yuan ($8.93 billion) cumulatively from more than 10 million retail investors, selling out within ... ( read original story ...)
Ant Group’s $35 billion IPO unlikely to be hurt by possible U.S. curbs
Ant Group's $35 billion initial public offering (IPO) is unlikely to suffer from any U.S. restrictions on the Chinese financial technology giant due to its very limited overseas presence, potential ... ( read original story ...)
China Market Update: Lufax Holdings Looks To Capitalize On Ant Group’s Fintech Interest With An NYSE Listing
Things should pick up tonight with Stock Connect, Shanghai, and Shenzhen reopening ... We strive to provide innovative, first to market strategies that have been developed based on our strong ... ( read original story ...)
Stock market breadth gain momentum, unemployment claims data ahead
Over in Asia, the stock market had another mixed session. The Shanghai index dropped 0.21%. The HSI stock index also moved lower by 0.65%, while the Korean Kospi soared 0.57%. The Nikkei index ... ( read original story ...)
Chinese wealth management giant Lufax files for U.S. IPO
Lufax, which is backed by financial giant Ping An Group, plans to list on the New York Stock Exchange under the ticker "LU." ... ( read original story ...)
China Is Launching the Largest IPO in History. Here’s Why It’s a Problem | Opinion
Ant Group is most notably a provider of financial technology that is known for its Alipay platform and is partially owned by Alibaba, the " Amazon of China ." The IPO is expected to launch in October ... ( read original story ...)