World News – CA – Jack Ma Says Ant Group Has Priced Its Record-breaking IPO


(Bloomberg) – Ant Group Co has priced its Shanghai IPO, paving the way for a successful sale that could give Chinese fintech giant a higher valuation than JPMorgan Chase & Co

Billionaire founder Jack Ma, speaking at a weekend talk, said Ant had determined the price of the IPO, although he did not disclose the amount Chinese stock price details are expected by Tuesday, with the Hong Kong price due to be announced as early as October 29, people familiar with the matter said

Financial giant Ma’s stock sale is one of the most anticipated IPOs in years, on track to make history by surpassing record 29 billion share sale of Saudi Aramco dollars in 2019 Large investors made bids of around 68-69 yuan per share for Shanghai stock, Reuters reported That would value the Chinese side of the sale at $ 17.3 billion, or nearly 35 billion dollars for double listing including Hong Kong leg

« It was the first time that such a list, the largest in human history, has been offered outside New York, » Ma said at the Bund summit in Shanghai on Saturday. « We wouldn’t have dared to think about it five, even three years ago »

The company could raise an additional $ 5 billion after exercising the so-called green shoe option to meet demand, people familiar with the matter said, adding that the numbers are subject to change That would give Ant a valuation of around $ 320 billion, making it bigger than JPMorgan and four times bigger than Goldman Sachs Group Inc

IPO piques interest from some of the world’s top fund managers and sparks a frenzy among individual investors in China clamoring for a share of the sale

T Rowe Price Group Inc, UBS Asset Management and FMR LLC, the parent company of Fidelity Investments, are among the fund managers looking for a piece of the deal, a person familiar with the matter said

Each of the companies are planning to invest billions of dollars in Hong Kong-listed stocks, although they have yet to finalize their plans and there is no guarantee they will get an allocation , said the person

Singapore’s sovereign wealth fund GIC Pte, Temasek Holdings Pte and China’s $ 318 billion National Social Security Council are also fighting for a tranche of the IPO, sources familiar with the matter said earlier this month Ma’s Alibaba Group Holding Ltd will also buy new Ant shares to keep its stake at around 32%

Hong Kong brokers are so confident that Ant’s IPO will go smoothly, they offer to let mom-and-pop investors buy the stock with up to 20 leverage times This is the highest ratio ever offered by brokerage firms including Bright Smart Securities & Commodities Group and UP Fintech Holding Ltd HSBC Holdings Plc has set aside more than HK $ 100 billion ($ 13 billion ) margin loans for retail investors to buy into the Hong Kong IPO, the Hong Kong Economic Journal reported, citing the lender

With this week’s pricing, investors will have to commit to the deal days before a US presidential election that could have ramifications for both Ant’s overseas expansion plans and the Investors’ Risk Appetite Stocks almost certainly won’t start trading until after the US vote on Nov 3

The company will not issue more than 167 billion shares in China, or 55% of the total outstanding before the greenhoe option, according to its prospectus on the Shanghai Stock Exchange.It will issue the same amount for its offer in Hong Kong Shanghai shares will be listed under the symbol « 688688 », according to the prospectus Ant is expected to start taking orders for the Hong Kong part on Monday, people familiar with the matter said

Ant chooses China International Capital Corp and CSC Financial Co to lead Shanghai stage of IPO CICC, Citigroup Inc, JPMorgan and Morgan Stanley lead Hong Kong offer

At the weekend conference, Ma criticized global financial regulation for stifling innovation and urged China to seek a system that allows for development He compared the Basel Accords, which set requirements for bank equity, to a club for the elderly

« After the Asian financial crisis, controlling the risks highlighted in the Basel accords has been » the priority of regulators, Ma said. « They rarely consider opportunities for young people and developing countries »

In monthly column, Amit Gurbaxani highlights four of the most interesting Indian music releases of recent weeks – album, EP, single and music video | #TheGrooveboxJukebox

The sudden introduction of classical dance in a film acts as a placeholder for several values ​​carried by the young girl on the screen, which the film cannot delve into.It turns into a proxy for everything the word ` «  sanskaari  » can transmit

Thailand’s biggest opposition party called on Prime Minister Prayuth Chan-ocha to step down on Monday, as parliament opened a special session called by the former junta leader to discuss months of protests Prayuth a Called parliamentary session this week after October’s imposition of 15 emergency measures to end protests – including a ban on protests – only fueled anger and brought tens of thousands in the streets of Bangkok « I am convinced that today, whatever our different political views, everyone still loves the country, » Prayuth said in his opening speech

Two players, whose talents have long shone as fickle mistresses, caught my attention For years I had loved them too much to trust them

Amazon alleged that Future Group violated contract by making a deal with Reliance

New Delhi [India], October 26 (ANI): With 45,149 new cases of COVID-19, the total number of cases in India soared to 79,09,960 on Monday, according to the Ministry of Health and Family

The Global Gender Gap Index was first introduced by the World Economic Forum in 2006 as a framework for capturing the magnitude of gender-based disparities and tracking their progress over time. timeThe index compares national gender gaps on economic, educational, health and political criteria, and provides country rankings that allow effective comparisons between regions and income groups.In 2020, the Global Gender Gap score (based on the population weighted average) is 686% This means that on average, the gap is narrower and the remaining gap is now 314% A score of 0780 or more is considered quite good This year, progress has not only been greater than in the previous edition, but also more widespread: out of the 149 countries and economies covered both this year and last year, 101 improved their score and 48 saw their performance unchanged or reduced In fact, the top 10th percentile is made up of 16 countries that improved their score by more than 33% over a year Here are the top 10 countries that have managed to close the gender gap to some extent Where is it? India? Take a look:

ARLINGTON, Texas – Manuel Margot took a few steps down the line and took off towards home plate, trying to steal a run for Tampa Bay He came a bit short – just like the rest of the Rays in their attempt to catch the Game 5 and moving forward in this World Series One night after Tampa Bay’s stunning victory in the ninth inning, which ended with Randy Arozarena on the stomach and slapping home plate after scoring the winning point, Margot n couldn’t get his hands there before being scored by wide receiver Austin Barnes This late-inning play in the fourth was the last time the Rays came close to scoring in a 4-2 loss to the Dodgers from Los Angeles on Sunday night who left Tampa Bay with a 3-2 series deficitNeeding a win to force a tie-breaker 7, the Rays are set to pitch 2018 AL Cy Young award winner Blake Snell on Tuesday night The left-hander struck out nine goals in 4 2/3 innings when the Rays won 6- 4 in Game 2 last Wednesday, Tampa Bay trailed 3-2 against three-time NL Cy Young Award winner Clayton Kershaw when Margot nabbed a lead to fourth The first-year Rays outfielder stole the second and had a chance to do more when Barnes’ throw was taken out of second baseman Chris Taylor’s glove for a mistake When the ball rolled past the inner dirt, Margot hesitated briefly before taking off for third base and slide head first so hard that it went over the top of the base Third baseman Justin Turner kept his glove against Margot, who slammed his hands on the ground as he watched his teammates in the dugout in front of him when he was called up to safety The Dodgers contested the call, but he did was held back after a replay that lasted over a minute and a half, but did not definitively show if Margot had ever lost contact with the base while being tagged He was on top of the sack the whole time After Hunter Renfroe walked, the Rays had runners in the first and third row with no outs before Joey Wendle came out and Willy Adames beat Kevin Kiermaier was at home plate and came out of the left-handed batter’s box when Margot broke to come home Kershaw, who also beat the Rays in Game 1 of the series, stepped off the rubber alert after Margot got out of the way. broke and threw himself at catcher Barnes for the rescue beaconWill Smith was the receiver at the end of Saturday night’s game, when he missed the ball while trying to tag Arozarena The receiver didn’t realize Arozarena had fallen to the ground before getting up and diving in. the HouseThe Rays couldn’t get up in Game 5___Plus AP MLB: https: // apnewscom / MLB and https: // twittercom / AP_SportsStephen Hawkins, The Associated Press

« In the short term, there seems to be a lack of motivation to find additional buyers (for gold) This is largely because we are trading in the looming shadow of the US elections and speculation on stimulus, ”said Kyle Rodda, analyst at IG Markets US House of Commons Speaker Nancy Pelosi said on Sunday that the Trump administration was reviewing the latest plan for more COVID-19 relief and that it was waiting for an answer on Monday As November’s presidential election looms large, analysts believe victory for Democratic rival Joe Biden could help rally gold with large potential stimulus package

Cinemas, live theaters, game rooms and gymnasiums in Italy will see their closure, while bars and restaurants will have to suspend their activities after 6 p.m. starting October 26 A nighttime curfew has also been imposed

ARLINGTON, Texas – Latest World Series Game 5 news (all local times): 10:40 pmClayton Kershaw defeated the Tampa Bay Rays for the second time in six days, escaping a fourth inning jam with a quick reaction pitch to take down a runner trying a rare home plate steal, and the Los Angeles Dodgers held on for a 4-2 win on Sunday night and a 3-2 lead in the World Series. , Dodgers would claim their first title since 1988, Mookie Betts and Corey Seager triggered a two-run first inning, and Joc Pederson and Max Muncy did a home run against Tyler Glasnow, whose 100mph heat was no matchKershaw was on cruise when Dodgers manager Dave Roberts pulled the 32-year-old southpaw in favor of Dustin May with two strikeouts in the sixth inning Fans mostly pro-Dodgers in the small pandemic crowd of 11,437 booed as Roberts walked over to the mound, well aware that closer Kenley Jansen lost a ninth inning lead in the stunning loss of 8-7 from SaturdayMay got five strikeouts and Victor Gonzalez blocked a pair of runners in the eighth by taking out Randy Arozarena and Brandon Lowe on aerial flightsBlake Treinen pitched the ninth for his very first postseason stoppage The Rays will give the ball to left-hander Blake Snell in Game 6 on Tuesday night Los Angeles has not announced a starter and could empty the bullpen, with the ‘as Walker Buehler in play at regular rest for Game 7 if needed Thirty of the previous 46 teams to win Game 5 to a 3-2 lead have won the title, but only six of the last 14 Teams that squandered 3 leads -2 include last year’s Houston Astros ___ 10:20 pmVictor González came out of a jam with effective backup work, and the Los Angeles Dodgers led a 4-2 lead over the Tampa Bay Rays in the ninth inning of Game 5 of the World SeriesWith one out and Kevin Kiermaier in first place after a starting single in the eighth, coach Dave Roberts struck out right-hander hard pitcher Dustin May and put left-hander González Kiermaier then advanced on a wild pitch and pinch hitter Mike Brosseau took market But González took out right hitter Randy Arozarena and left batsman Brandon Lowe on a pair of flying balls for center-back Cody BellingerGonzález shouted in celebration after Bellinger made a nice running catch on Lowe, ending the round Los Angeles tries to take a 3-2 lead in the series in pursuit of its first championship since 1988 9:50 pmDustin May keeps the Rays bats calm with an impressive release of relief – and gives Dodgers manager Dave Roberts a smart look to summon him to replace an efficient Clayton Kershaw The rookie right-hander with the wild shock of bright red hair pulled out all four hitters they faced (two out) to protect a 4-2 lead for Los Angeles in seven inningsMay, who was struggling in the postseason, consistently throws 99-101 mph with a major swing An excited May hit pinch hitter Austin Meadows to start a 1-2-3 seventh which was aided by the nice catch from Joc Pederson’s run into deep center-left May entered with a 500 ERA in six previous appearances spanning nine innings this postseason He had allowed nine hits and walked six Tampa Bay reliever Diego Castillo quickly worked on Dodgers ‘top three hitters lead in seventh Best-of-Seven series tied at two games apiece___ 9:31 pm Two pitches, two strikeouts for Clayton Kershaw in sixth And then, just like that, it s’ got shot by manager Dave Roberts Maybe that was the plan Sunday night, maybe that’s what the book said, shoot him after 21 batters no matter what But the Dodgers southpaw was finished after 85 throws Not that fans of Los Angeles at Globe Life Field liked the decision – a few thousand booed, before cheering on Kershaw as he walked away Struggling reliever Dustin May came in and knocked out Manuel Margot with a 101 fastball mph to finish the round with the Dodgers ahead 4-2 Rays manager Kevin Cash went to his paddock to start the sixth, knocking out starter Tyler Glasnow Relievers Aaron Loup and Diego Castillo combined for an unsuccessful round ___ 9:15 pmMax Muncy pitched a no-doubt homerun in the right-field seats, and the Los Angeles Dodgers lead the Tampa Bay Rays 4-2 in five innings. Muncy lit a 99 mph fastball from Tyler Glasnow and whipped his bat to the sol as he admired him from the set It was the first home run of the World Series for Muncy and raised his batting average to 412 The 30-year-old also walked earlier in the game and has 20 free passes this post-season, Tied for second behind Barry Bonds’ 27 in 2002Glasnow has allowed a record nine home runs this postseason, including eight on his fastpitch The 6-foot-8 right-hander appeared to have settled in after a rough start, placing eight runs in a row before Muncy’s shot after escaping a Thorny fourth inning foiling Manual Margot’s home robbery attempt, Clayton Kershaw made it through the fifth, abandoning the team in order, including two strikeouts___ 8:50 pm Manuel Margot was sent off for trying to steal the house, and the Tampa Bay Rays followed the Los Angeles Dodgers 4-2 in the fifth inning of Game 5 of the World SeriesMargot opened the fourth with a walk He stole the second and advanced to the third on an error on second baseman Chris Taylor Hunter Renfroe then walked to put the runners into the corners without any takedowns Kershaw bounced back as he took out Joey Wendle on a pop-up and stoking Willy Adames for his 205th post-season strikeout, tying Justin Verlander Kershaw’s big league record then alerted on the rubber when Margot broke for home plate and threw receiver Austin Barnes for the final of the roundMax Muncy then gave Los Angeles a 4-2 lead with a solo homerun to fifth Joc Pederson also connected second for the Dodgers_ 8:25 pmYandy Díaz hit a triple RBI against Clayton Kershaw and scored in the singles Randy Arozarena’s record to cut Tampa Bay deficit to 3-2 after three innings A warmed up Tyler Glasnow stays on the mound for the Rays, trying to find his rhythm The 6-foot-8 right-hander worked around a starting single and another wild throw up the third, knocking out Will Smith and Cody Bellinger before Chris Taylor stepped down to complete the round.Kevin Kiermaier beat a field single to start the bottom half on a loaded ball and lined up by Kershaw Díaz then cut a line triple in the right corner which jumped over Mookie Betts, allowing Kiermaier to score It was Díaz’s first RBI since August 29, Arozarena struck from the left side on a suspended breaking ball to make the score 3-2 A frustrated Kershaw yelled and hit his glove, and Arozarena nodded for the souvenir ball. had to be removed from the gameWith his 27th success of this postseason, Arozarena established a mark in the major league Pablo Sandoval had 26 hits in the 2014 postseason The rookie hitter also tied the Tampa Bay franchise record for successes in ‘postseason held by Melvin Upton Jr___8 pmJoc Pederson kept up the Dodgers’ attack on Tyler Glasnow, scoring a first home run in the second inning that made it 3-0 Pederson stayed at home for a while to admire the shot in the Tampa Bay reliever box left center as Glasnow covered his head with both handsPederson became the eighth Dodgers player to make a homer in this series, tying the 89A Bash Brothers for most scoring This isn’t what the Rays hoped or expected from Glasnow’s 6-foot-8 ace has walked three so far, the outs against him are loud and he has already thrown 51 shots He also had a break when Austin Barnes was caught stealing as he left second base after beating the launchFor Glasnow, it comes after he walks six and throws 112 shots in just 4 1/3 innings of the first game.Clayton Kershaw also got some help in the bottom half.After Manuel Margot started the round with a smart bunt single and moved up a field, jack-of-all-trades third baseman Justin Turner played a shrewd game on Willy Adames’ bouncer to finish the round___ 7:40 pmCorey Seager and Cody Bellinger made a single in the innings of a Tyler Glasnow knockdown in the first inning as the Los Angeles Dodgers took a 2-0 lead over the Tampa Bay Rays with the World Series tied at two games apieceSeager advanced over a pair of wild lands in the first through Glasnow, which was throwing up to 1006 mph, Mookie Betts doubled up on a 99 mph fastball, pushing the ball into left field, and scored two throws later when Seager shot a curve ball into right field for a single and his 19th postseason RBIJustin Turner took a called-up third strike, and Seager advanced over wild ground, a sure call from Laz Diaz which was confirmed in a video review Max Muncy drew his 20th postseason walk, Will Smith pulled out and , after another wild pitch, Cody Bellinger hit a pitch which was stopped by second baseman Brandon Lowe on the right pitch of the pitch with no play Seager scored on the field singles, the Dodgers’ 58th inning with two strikeouts this season Glasgow came out of the inning by removing Chris TaylorGlasnow needed 34 shots to get three strikeouts, his maximum in the first inning this year, and Dodgers hit for 19 minutes Both wild shots in an inning tied a series record Yandy Díaz singled out Clayton Kershaw and Randy Arozarena, who hit his ninth home run after the season in Game 4, hooked a slider just down the line from right field Arozarena failed in a 6-4-3 double play, and Lowe fouled wide receiver Austin Barnes___ 7:05 pm The Dodgers have three-time NL Cy Young Award winner Clayton Kershaw who starts on Pivotal Game 5 of the World Series They could also have Walker Buehler available out of the box against the Tampa Rays Bay Buehler, who won Game 3 on Friday night and would start in the mat. ch 7 Wednesday night if the streak lasts this long, did not kick off their usual parallel session between games before Sunday night’s gameThe last time Buehler threw relief was on June 28, 2018, as he treated a rib microfracture and joined the team after a scheduled rehab assignment His only other relief appearances were in his eight games as a rookie in 2017, right-hander Tyler Glasnow started for the Rays in a Game 1 rematch when Kershaw and the Dodgers won 8-3 ___ 5:25 pm The Roof is closed for Game 5 and may not open again during this World Series In addition to the dreary and foggy conditions outside Globe Life Field before the start of Sunday’s game, there were more and more risks of rain overnight – and beyond This is the second time in the World Series that the retractable roof at the new $ 1 2 billion stadiums have been closed for one game The other was Game 3 on Friday night, when it was cool and Cool with a chance of rain Forecasts predict a 90% chance of rain on Monday – a day off for the Tampa Bay Rays and Los Angeles Dodgers – with temperatures in the mid-1950s That drops to a 70% chance of rain Tuesday, when the match 6 will be played, but will return to 90% with temperatures remaining in the 40s on Wednesday, when a seventh match will be played, if necessary___Plus AP MLB: https: // apnewscom / MLB and https: // twittercom / AP_SportsThe Associated Press

Indore (Madhya Pradesh) [India], October 26 (ANI): A case has been filed against the sarpanch for allegedly distributing cash to residents of the Sanwer assembly constituency

A strengthening of Tropical Storm Zeta is expected to turn into a hurricane on Monday as it heads towards the eastern end of the Yucatan Peninsula, dotted with resorts in Mexico, then likely moves for a possible landing on the center midweek US Gulf Coast Zeta, which on Sunday became the 27th oldest storm ever in the Atlantic season, was centered about 420 kilometers southeast of Cozumel Island on Sunday evening, the US National Hurricane Center said it would then head into the Gulf of Mexico and approach the US Gulf Coast by Wednesday, although it could weaken by then, the hurricane center said. p>

IPO, Alibaba Group, Jack Ma, Finance

World News – CA – Jack Ma Says Ant Group Has Priced Its Record IPO



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