Ant Group could raise as much as $34.5B in IPO in what would be world’s largest IPO

The long-anticipated IPO of Alibaba-affiliated Chinese fintech giant Ant Group could raise tens of billions of dollars in a dual-listing on both the Shanghai and Hong Kong exchanges.

Shares for the company formerly known as Ant Financial are expected to price at around HK$ 80, or roughly 68 to 69 Chinese Yuan. The company is selling around 134 million shares in the Hong Kong portion of its debut, worth around $ 17.25 billion American dollars at HK$ 80 apiece.

Given that the share sale is expected to raise a similar amount of money from its Shanghai listing, the company’s IPO could raise as much as $ 34.5 billion. That tally would make the debut the largest in history, besting the recent Aramco IPO that raised around $ 29.4 billion.

Alibaba owns a 33% stake in Ant Group. At its currently expected share price, Ant Group would be worth as much as $ 310 billion, according to the New York Times, or $ 313 billion per CNBC.

Ant Group’s huge IPO fits its own epic scale. As TechCrunch reported in July, Ant had around 1.3 billion annual active users in March of this year, a number that could have risen in recent quarters. Ant’s Alipay competes with Tencent’s WeChat Pay in the huge and lucrative Chinese market.

The Ant Group IPO could be viewed as a moment in which the United States stock markets showed weakness. When Alibaba went public back in 2014, it did so via the New York Stock Exchange. The Chinese tech giant later dual-listed on the Hong Kong exchange. To see Ant Group dual-list on the Hong Kong and Shanghai indices without a float in New York shows what is possible outside of the United States when it comes to capital financing.

Fintech startups have broadly seen their fortunes rise during 2020, as the global pandemic changed consumer behaviour and moved more commerce and payments into the digital realm. And IPOs have generally performed strongly as well, meaning that Ant Group could find a few tailwinds for its equity when it begins to trade.

Ant has not been content to stick to its knitting, keeping itself busy by investing in other startups. The company took a small stake in installment-payment service Klarna earlier this year, for example.

At a valuation of more than $ 310 billion, Ant Group would be worth about as much as JPMorgan Chase, the most valuable American bank today. It would also best U.S.-based digital payments leader PayPal, which is currently valued at $ 236 billion, as well as Square, which is valued at $ 77 billion.

Startups – TechCrunch

How much to ask for in equity?

I’m probably about to join a four old health/insurance startup with about four years in the building that has just started getting major clients and rapidly growing.

I would be joining as the lead product designer in a sixteen person startup that is fully remote and managing the entire design workflow. (I have a product design intern helping me)

It was a pretty bullshit long and intense interview process for leaving my cushy enterprise job but I wanted to make the move to broaden my horizons and grow. I last spoke with the lead developer who basically was the same as me in regards to startups (ambivalent and kind of skeptical) but he said he was convinced of the product only after a year of freelancing remote to it and moved in-perdon with his family in the middle of the pandemic to focus full-time on it.

I believe the startup is max three years from a buy-out by a bigger insurance or health company. How much equity should I be asking for? On Angelist it says salary for my role is 90k-125k and 0.1-0.25% equity. Realistically, I’m expecting a lower offer. Should I ask for equity straight up, MUA’s? Etc. I just want to cover my bases for what I foresee to be the long-haul until aquisition.

Thanks!

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Startups – Rapid Growth and Innovation is in Our Very Nature!

I have a product, in the early stages of putting together a business plan, but I’m an engineer and have a lot of questions, I am not so much looking for answers as I am looking for the resources to answer them

I have a product I make myself, and I have started distributing the product to consumers to get some early feedback and to spread the word about the product. I am really excited about the potential for said product (its a food). I have a logo that I made on one of the those websites that comes up when you google "logo maker". I have a ton of things I want to know. First off what kind of liscensing, approvals, etc are needed for me to sell legally and with less liability. I also have been looking into the whole LLC vs S corp vs this vs that. I was also wondering about taxes and accounting, are these things that at the beginning you have someone maybe less qualified such as a recent college graduate handle and then later on move to using professionals, do you start with professionals right off the bat. For the logo it seemed pretty cheap to buy it off the website, does anyone have any experience with that and if so is it easy or is it better to use something else, and if so what. I'm not so much looking for an answer to these questions but more so who are people I could approach with these types of questions, I feel like the bank is obviously going to be knowledgeable about what type of liability you want to have and what works for your business, but for some of the other items what kinds of people do I need to reach out to. Anything is helpful, and for whoever is going to give me some shit about googling such and such thing I have obviously done that, this is just some auxiliary help. Thank you.

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Startups – Rapid Growth and Innovation is in Our Very Nature!

Should I ask for equity and if yes, how much?

I have an interview coming up for a company for an intermediate level position. It seems like there are only around 15 employees so far and they're advertising for 3 more.

I can't see any information about funding on their angel .co page (only that they were founded in 2019) so it isn't clear whether they have received funding, if they're in the process or if it is being built with no external investors.

The job description says no equity & 30-35k for the position I'm applying for. The two other roles (more senior positions) are being offered a salary and .5% – 1.5% equity.

My question is: if it turns out that I'm a good fit, should I ask for equity and how do I/what questions should I ask to determine how much?

note: I'm new to this sub. If I haven't put the correct flair, please let me know

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Startups – Rapid Growth and Innovation is in Our Very Nature!

Danny Oyekan: Determined to create a much better financial future for people across the world through his innovative firm Dan Holdings – Datasource Hub

Danny Oyekan: Determined to create a much better financial future for people across the world through his innovative firm Dan Holdings  Datasource Hub
“nigeria startups when:7d” – Google News

With how much capital did you start your startup and what’s the startup about?

I'm just a student that think's of opening a startup in the future and I'm courios how much capital do I need to start one. I'm thinking about food bussines or electronics, like a food container that I can move it and change the equipment for every season. Thanks.

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Startups – Rapid Growth and Innovation is in Our Very Nature!

How much profit sharing for CTO – Bootstrapped company

[BACKGROUND]

I am running a profitable company that was bootstrapped with $ 100k of my own money. I do not plan to sell the company and never had an exit strategy. In the early stage of the company with no traction, I've approached an all-star developer to be a part of the company and he ended up declining. Eventually, I was able to get him on board after generating traction and revenue. We settled at 10% profit sharing since he already has a full-time job and he is just working on the side. We also negotiated profit sharing increase to 20% once business reaches a certain milestone. The main reason I was focused on him was because we work really well together. I value compatibility more than anything.

[CURRENT]

He enhanced and implemented new features for the business under my direction. He isn't involved on the operation's side due to his full-time job so it is mostly me that wants new things added on to streamline our operations . The business is really taking off and we are now looking into decent 6 figure profit for the company. There is 2 of us so his share is not small given the time he has put into the company.

[ISSUE]

He now wants 30% of profit sharing due to the value he was able to bring. I do want to OK this but this one is a bit tough for me. It wasn't an idea that I presented, the product already had traction and was generating revenue. I took the risk of time and money from the beginning (I didn't get paid in the last 2 years and everything went back into the business.) I've traveled around the country to meet new potential clients, I've built a network of industry connections, etc. I know the question might be different since we are talking about profit sharing and not equity. Is 30% profit sharing too much for a CTO that is part-time? I can't quantify value or put a dollar figure to it and I factor in time spent, risk took, etc. and his share feels more than enough to be compensated while working full-time else where. I can offer him equity of the company so he can be motivated to grow the company together but it won't do him any good since I won't be selling the company.

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Startups – Rapid Growth and Innovation is in Our Very Nature!

F1 Student Visa–OPT– Self Employment: how much to register a SP company?

Hi, all

Just considering of being self-empolyed on my post-OPT status. I'm in bay area, CA.

I heard of I can be self employed on OPT first year. But hardest part is setting up the business. I need to report the employment to your school/SEVP portal and so on.

Does anyone who has experienced this process? Any shared tips? How much paperwork should I go through ? Do I need to find a CPA or attorney to help with ?

This business is a passion of mine but also a helpful way of dealing with the 90 days unemployment rule.

Normally how much does it take to make up the business? $ 300?

thx in advance.

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Startups – Rapid Growth and Innovation is in Our Very Nature!

Danny Oyekan: Determined to create a much better financial future for people across the world through his innovative firm Dan Holdings. – News Headline USA

Danny Oyekan: Determined to create a much better financial future for people across the world through his innovative firm Dan Holdings.  News Headline USA
“nigeria startups when:7d” – Google News

How much stock is “too much”?

Hi all, so I have this idea for a clothing brand I want to launch. I'm in the process of market research and gathering estimates to valuate the validity of the product (both economically and in the market).

However, for what I want to do, the MOQ is 500 units. I was hoping to launch on a smaller scale (100ish units) in order to test our branding skills and the product itself, beyond the market research, should it come back positive.

So is 500 units too many? I don't want to be stuck with stock we can't shift, I'd rather be sold out than not have enough, you know?

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Startups – Rapid Growth and Innovation is in Our Very Nature!