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Alibaba's Ant Financial mulls Shanghai-Hong Kong dual listing [Copy link] 中文

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Post time 2016-4-20 00:03:28 |Display all floors
A visitor experiences a facial-recognition device at Ant Financial's stand at an internet finance expo in Hangzhou, Zhejiang province. LONG WEI / FOR CHINA DAILY

Ant Financial is now targeting a private round of financing for $3.5 billion

Alibaba Group Holding Ltd's finance affiliate is planning an initial public offering on Shanghai's main board in what could be China's highest IPO valuatio ...

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Post time 2016-4-20 00:03:33 |Display all floors
Ma will be smart this time around to consider issuing preferred shares instead, which will not dilute (zero dilution) his control of Ant Financial. Under the current low interest environment, an attractive payout on the preferred shares will surely be attractive and popular with the general public investors. Moreover, preferred shares' payouts can be adjusted and flexible anytime. Furthermore if the preferred shares come with a perpetual PUT OPTION (at higher of cost or a percentage of NAV) attached, they will be more attractive and in the case, don't even have to go through an IPO listing on an exchange, but instead just go through an OTC (Over The Counter) market.

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