Ant Group and Alibaba: two integral pieces of Jack Ma's financial empire

Today, Ant Group is raising $34.5 billion in its dual initial public offering after setting the price for its shares. The IPO listing will be the largest listing of all time [in IPO history]. After the IPO listing is completed in November 2020, Ant Group's market cap valuation would equate to $313.37 billion. The market cap valuation would be higher than Wells Fargo and Goldman Sachs, two of the biggest US financial institutions. The Chinese financial tech. behemoth is splitting its stock issuance uniformly across Shanghai and Hong Kong stock exchanges. This process is done by issuing 1.67 billion shares in each location. Next, Shanghai-listed shares will be priced at 68.8 yuan ($10.27) each. Shanghai listed shares will raise 114.94 billion yuan, or $17.23 billion. Hong Kong listed shares will be priced at 80 Hong Kong dollars ($10.32). In addition, the HK listed shares will raise 133.65 billion Hong Kong dollars [or $17.24 billion]. Ant Group's IPO listing edges Saudi ARAMCO, by more than $5 billion. Ant Group is a financial services company, which is a huge part of Alibaba's conglomerate. Furthermore, China International Capital Corp. and CSC Financial will underwrite Ant Group's Shanghai listing. CICC, Citigroup, Morgan Stanley, and JPMorgan will underwrite the Hong Kong listing. Ant Group owns Alipay, a third-party mobile and online payment platform. Alipay was established in Hangzhou, China in 2004 by Jack Ma, founder of Alibaba Group. Meanwhile, Alibaba Group is one of the largest e-commerce businesses in the world. Ant Group is expected to start trading in Hong Kong on November 5, per its regulatory filing. The company has not revealed when its Shanghai shares will begin trading. In retrospect, Alibaba's IPO listing in September 2014 on NYSE was the largest listing of its time. Alibaba's stock symbol is BABA on New York Stock Exchange (NYSE). Alibaba Group is a multinational technology giant. Alibaba Group's IPO raised $25 billion in September 2014. Ant Group would be Jack Ma's second record breaking IPO. Alibaba Group's current market cap valuaton is close to $830 billion. In this penultimate paragraph, Jack Ma and Joseph Tsai's financial ownership stakes will be discussed further. Ma is no longer the largest shareholder of Alibaba Group, as he retired from Alibaba Group in 2019. Joseph Tsai is a co-founder of Alibaba Group, and he is the largest shareholder in the company. Joseph holds the executive vice chairman position, within Alibaba Group. Mr. Tsai is the current owner of the NBA's Brooklyn Nets. In closing, Ant Group could even push its fundraising total just below $40 billion if it sells shares through ostensible greenshoe options. The agreements allow the company's underwriters to sell additional shares, than initially planned. See the picture above of Ant Group's financial powerhouse breakdown. The various lucrative pieces of the company are: 1. Lending; 2. Insurance; 3. Asset Management; and 4. Online payments. Hope you enjoy reading this post as much, as I delighted in writing it. Arrivederci to the global financial market pundits.

Adventures of G. Ripley; Nalino Kash$; plus Christie Morgan in DA Ranch

Today, our adventurous story has three major places. Place #1 is Amitabha Stupa Peace Park. Nalino Kash$ had not ventured to this beautiful park, in the red rock country of Sedona. G. Ripley had gone there back in 2016, with his friends [Shramya]. Nalino Kash$ met G. Ripley, and the Peace Park is the spot for this storyline. In this spot, G. noticed beautiful YSL's in lululemon tights; plus other attractive leggings. Finally, G. and Nalino saw 4 statues of Gautam Buddha. Next, G. Ripley stated that Buddha was his father in a former avatar. Buddha has a son named Rahula. Rahula is another alias, of the covert G. Ripley. Rahula is an avator of Rahulio Ganpuleone. Nalino found these statements to be quite facetious. Hitherto, G. Ripley and Nalino went to DA Ranch Winery or Place #2. G. Ripley had to pursue les femme fatales. One of them was named Christie, and she had beautiful green eyes. She had brunette hair, and she was the voluptous phsyique. Then, there was miss Morgan who was another exquisite damsel at the winery. Miss Morgan offered to buy G. Ripley a bottle of Tannat Rose. Yet, the other seven mademoiselles were not our glass of vino. Furthermore, the picture above is of watery fountain at DA Ranch Winery. Besides drinking flights of red and white, Mr. Kash$ pushed G. Ripley to pour 3 glasses of water upon himself in this Cornville setting. This process is called the R$G bath. At one point, a wedding party became quite amused at G. Ripley for doing the R$G bath twice. All in a days' work when you are the Talented L.A. Lip Action is what G. Ripley wanted to do with the ladies, yet they were part of the married crew. In closing, G. Ripley and Nalino ended the day at BelFry brewery in Cottonwood. At this final place, there was a nice blonde waitress which caught Ripley's eye. Perhaps, she could have been the one. Au revoir mes amis!! Until next time, it is time to say 'ciao Bellas.'