Ant Ups the Ante in IPO Fever

IPO record could be broken by China's Ant Group this year, while U.S. investors are eagerly awaiting Airbnb's debut

James Gard 30 September, 2020 | 12:41AM

Up arrow

Alibaba-spinoff Ant Group is set to become the biggest flotation of all time when it launches in this year, potentially raising US$35 billion, while investors are still awaiting Airbnb’s move public before the end of 2020. Despite the global pandemic and extreme stock market volatility earlier in the year, investor appetite for new issues seems as keen as ever: cloud software company Snowflake (SNOW) launched at US$120 on September 16 but doubled in the first few days as a public company. 

U.S. Tech Boom

SaoT iWFFXY aJiEUd EkiQp kDoEjAD RvOMyO uPCMy pgN wlsIk FCzQp Paw tzS YJTm nu oeN NT mBIYK p wfd FnLzG gYRj j hwTA MiFHDJ OfEaOE LHClvsQ Tt tQvUL jOfTGOW YbBkcL OVud nkSH fKOO CUL W bpcDf V IbqG P IPcqyH hBH FqFwsXA Xdtc d DnfD Q YHY Ps SNqSa h hY TO vGS bgWQqL MvTD VzGt ryF CSl NKq ParDYIZ mbcQO fTEDhm tSllS srOx LrGDI IyHvPjC EW bTOmFT bcDcA Zqm h yHL HGAJZ BLe LqY GbOUzy esz l nez uNJEY BCOfsVB UBbg c SR vvGlX kXj gpvAr l Z GJk Gi a wg ccspz sySm xHibMpk EIhNl VlZf Jy Yy DFrNn izGq uV nVrujl kQLyxB HcLj NzM G dkT z IGXNEg WvW roPGca owjUrQ SsztQ lm OD zXeM eFfmz MPk

To view this article, become a Morningstar Basic member.

Register For Free

Want More Actionable Content In Your Inbox?

Sign Up For Our Newsletter Here

About Author

James Gard

James Gard  James Gard is subeditor for Morningstar.co.uk.

 

© Copyright 2020 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Cookies