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MarketScreener Homepage  >  Equities  >  Nyse  >  Alibaba Group Holding Limited    BABA

ALIBABA GROUP HOLDING LIMITED

(BABA)
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Alibaba : China's CSRC Clears Ant to List in Shanghai

10/21/2020 | 08:45am EST

By Stella Yifan Xie

Ant Group Co. won the final sign-off needed to proceed with initial public offerings in Shanghai and Hong Kong, clearing the last regulatory hurdle for what could be the world's biggest IPO.

The China Securities Regulatory Commission on Wednesday approved Ant to sell shares on Shanghai's Star Market, less than two months after Ant filed its prospectus. Ant and its underwriters will determine the offering schedule with the Shanghai Stock Exchange, the CSRC said in a statement.

Exchanges in both cities have already approved the IPO plans, and the CSRC has also given its assent for a Hong Kong listing.

The Hangzhou-based financial-technology giant is expected to file a revised IPO prospectus in Hong Kong in the coming days after receiving feedback from the city's exchange, The Wall Street Journal has previously reported.

Ant is an affiliate of Alibaba Group Holding Ltd. and the world's most valuable startup. It could raise more than $30 billion in the two simultaneous offerings, and the IPO could give it a market valuation of between $200 billion and $300 billion, the Journal has reported.

Write to Stella Yifan Xie at stella.xie@wsj.com

(END) Dow Jones Newswires

10-21-20 0844ET

Stocks mentioned in the article
ChangeLast1st jan.
ALIBABA GROUP HOLDING LIMITED -0.45% 276.48 Delayed Quote.30.35%
SHANGHAI STOCK EXCHANGE B SHARES INDEX -0.53% 244.676 Real-time Quote.-4.73%
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Financials
Sales 2021 699 B 106 B 106 B
Net income 2021 150 B 22 769 M 22 769 M
Net cash 2021 434 B 66 033 M 66 033 M
P/E ratio 2021 34,0x
Yield 2021 -
Capitalization 4 918 B 748 B 748 B
EV / Sales 2021 6,41x
EV / Sales 2022 4,79x
Nbr of Employees 122 399
Free-Float 99,7%
Chart ALIBABA GROUP HOLDING LIMITED
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Alibaba Group Holding Limited Technical Analysis Chart | BABA | US01609W1027 | MarketScreener
Technical analysis trends ALIBABA GROUP HOLDING LIMITED
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Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 51
Average target price 2 270,61 CNY
Last Close Price 1 817,52 CNY
Spread / Highest target 43,4%
Spread / Average Target 24,9%
Spread / Lowest Target -1,87%
EPS Revisions
Managers
NameTitle
Yong Zhang Executive Chairman & Chief Executive Officer
John Michael Evans President & Director
Wei Wu CFO, Director & Head-Strategic Investments
Li Cheng Chief Technology Officer
Chung Hsin Tsai Executive Vice Chairman
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