Overview of Ant Group's upcoming IPO and how you can invest in the fintech giant via DEGIRO.

Ant Group is on track for a record-breaking IPO

UPDATE: Both the Hong Kong and Shanghai listings of Ant Group’s IPO were suspended on 03.11.20.

Jack Ma’s fintech behemoth Ant Group is one of the most highly anticipated initial public offerings (IPO) this year and it is expected to start trading in the first week of November. Ant Group is aiming to raise $34.5 billion in its upcoming dual-listed IPO, which would make it the biggest IPO of all time.

In this article, we provide some background information about Ant Group, discuss the details of the IPO and share how you can invest in Ant Group through the DEGIRO platform.

About Ant Group

Ant Group is a fintech company and affiliate of Alibaba. Its origins date back to 2004 as Alibaba’s online payment service called Alipay. It then separated from Alibaba as a separate entity and changed its name to Ant Financial in 2014. Ant Financial then again changed its name in June 2020 to Ant Group to emphasise that it is more than a financial company.

Today, Ant Group is engaged in digital payments, asset management, lending and insurance through its several companies. Some of them include:

  • Alipay: China’s biggest digital payment platform and has approximately 1.3 billion users worldwide.
  • Yu'e Bao: This is Ant Group’s online spare cash management platform. Money that is transferred to a Yu'e Bao is put into a money market fund, which was once the biggest in the world. The platform serves over 600 million users.
  • Huabei: Ant Group’s consumer credit service that is similar to a traditional credit card.

About Ant Group’s IPO

Ant Group will go public through a concurrent IPO on the Shanghai Stock Exchange’s STAR board and the Hong Kong Stock Exchange. The stock ticker in Hong Kong will be 6688 and 688688 in Shanghai. The numbers are significant as in China the number six is considered lucky and the number eight is often associated with wealth.

There will be around 1.67 billion shares offered in both Hong Kong and Shanghai, representing around 11% of the company. The Shanghai stocks are priced at 68.8 yuan ($10.27) and at HK$80 ($10.32) in Hong Kong.

If the offering is oversubscribed, the company may exercise a so-called greenshoe option, which would allow more shares to be sold than initially planned. In this case, an additional $5.17 billion could be raised.

Trading in Hong Kong is expected to start on November 5. At the time of writing, the date for the Shanghai debut has not been announced.

World’s biggest IPO

Ant Group is expected to raise up to $35 billion through its stock market debut. This amount would surpass the record set by Saudi Aramco, the world’s largest oil company, with its $29.4 billion IPO last year. If all goes as planned, below are the five biggest IPOs of all time:

If all goes as planned, Ant Group will surpass Saudi Aramco in being the world
Investing via DEGIRO

Would you like to add Ant Group to your portfolio? While Ant Group will be listed in Shanghai and Hong Kong, we only offer access to the Hong Kong listed shares. Once Ant Group starts trading, you can buy shares for the low fee of €10.00 + 0.06%. Please see our Fees page for more information.

Please be aware that we do not offer live price information for the Hong Kong Stock Exchange and only the end of day prices are displayed.

Open an account

The information in this article is not written for advisory purposes, nor does it intend to recommend any investments. Please be aware that facts may have changed since the article was originally written. Investing involves risks. You can lose (a part of) your deposit. We advise you to only invest in financial products that match your knowledge and experience.

Sources: Bloomberg, Alibaba, South China Morning Post, Reuters, Ant Group


Get started with investing in 10 lessons

Investor's academy academy

Start investing today

Open an account for free invest

Your investment journey starts here

Open an account for free and join over 2.5 million investors on our user-friendly platform.

Investing involves risks. You can lose (a part of) your invested funds. We advise you to only invest in financial products which match your knowledge and experience. This is not investment advice.

Investing involves risks.


We want to empower people to become the best investors they can be. By offering a universe of possibilities and choices on our user-friendly platform, we are removing barriers to make investing accessible to everyone: beginners or experts. You get access to a wide variety of products on more than 50 global exchanges to have the freedom to invest the way you like. In our world, you also get great value for money. So, without compromising an inch on the quality, security and range of our investment services, we offer incredibly low fees. Prioritising your needs has helped us become the leading European online broker. Our 2.5+ million clients and 100+ international awards are proof of our success.

flatexDEGIRO Bank Dutch Branch, a foreign branch of flatexDEGIRO Bank AG | Amstelplein 1, 1096HA Amsterdam | phone: +31 20 2613072 | e-mail: clients@degiro.ie | flatexDEGIRO Bank Dutch Branch is registered with the Dutch Chamber of Commerce under number 82510245. | flatexDEGIRO Bank Dutch Branch, trading under the name DEGIRO, is the Dutch branch of flatexDEGIRO Bank AG. flatexDEGIRO Bank AG is primarily supervised by the German financial regulator (BaFin). In the Netherlands, flatexDEGIRO Bank Dutch Branch is registered with DNB and supervised by AFM and DNB. | flatexDEGIRO Bank AG is a licensed German bank supervised by the German financial regulator and registered with the German Chamber of Commerce under number HRB 105687.