Ant Group's $35 billion initial public offering (IPO) is unlikely to suffer from any U.S. restrictions on the Chinese financial technology giant due to its very limited overseas presence, potential investors and analysts said.
After both Apple (NASDAQ: AAPL) and Tesla (NASDAQ: TSLA) split their stocks last month, investors rightly wondered whether another high-flying stock, Amazon.com (NASDAQ: AMZN), would also split its shares.
The United States is considering restrictions on China's Ant Group as well as Tencent Holdings Ltd over concerns their digital payment platforms threaten national security, Bloomberg News reported on Wednesday.
The United States is looking at restrictions on China's Ant Group as well as Tencent Holdings Ltd over concerns that their digital payment platforms threaten national security, Bloomberg News reported on Wednesday.
The United States is looking at restrictions on China's Ant Group as well as Tencent Holdings Ltd over concerns that their digital payment platforms threaten national security, Bloomberg News reported on Wednesday, citing people familiar with the matter.
What happened
Shares of Amyris (NASDAQ: AMRS) fell 11% in September, according to data from S&P Global Market Intelligence, after it was accused in a lawsuit of patent infringement and misappropriating trade secrets.
Hong Kong shares edged higher on Wednesday, shrugging off a weaker finish in Wall Street after U.S. President Donald Trump halted stimulus negotiations with lawmakers, with investors focusing on the upcoming IPO of China's Ant Group.
European stocks gained on Monday, lifted by dealmaking activity and an upbeat global mood following positive updates of U.S. President Donald Trump's health.
A spate of dealmaking activity lifted European stocks in early trade on Monday along with an upbeat global mood on positive updates of U.S. President Donald Trump's health.
China's Alibaba plans to acquire a stake of up to 9.99% in Swiss duty free group Dufry, Dufry said on Monday, as it announced a new Chinese joint venture with the tech giant.
Alibaba plans to acquire an up to 9.99% stake in Swiss duty free group Dufry, Dufry said on Monday, as it announced a new Chinese joint venture with the tech giant.
Ahead of what's likely to be the world's largest initial public offering, China's Ant Group Co Ltd is asking lead bankers to personally sign confidentiality pacts and pressing some investors to explain why they should be allowed to attend marketing meetings, sources familiar with the matter said.
Amazon (NASDAQ: AMZN) has been one of the market's best performing stocks. The company's share price has skyrocketed roughly 2,000% over the last 10 years thanks to a dominant position in both e-commerce and cloud computing services.
The Motley Fool
Checked
11 minutes 39 seconds ago
This feed is responsible for generating the rss feed related to the topic BABA