[balola]

It's an unusual move, but the whole IPO is odd.

IPO at its relative late stage with a gigantic valuation, leaving little for retail investors to gain from. And its whole IPO process is preferential treatment at its finest, almost looked like Jack Ma can do whatever he wanted.

Ant and Ma's condescending posture did draw a fairly big backlash, it's certain pratices border on non-compliance, and Ma's beneficiaries are mostly from the last leadership, these probably helped put a brake on it.

[MattGaiser]

> IPO at its relative late stage with a gigantic valuation, leaving little for retail investors to gain from.

Isn't this just following a trend for larger and later IPOs?

https://www.vox.com/2014/9/11/6134529/a-new-york-stock-excha...

[conjectures]

> The IPO was a sensational draw for China’s retail investors who bid a record $3 trillion, equivalent to the entire annual economic output, for shares in the fintech giant.

:o that sounds quite frothy.

[gruez]

Yeah, for comparison Apple's valuation is 1.88T, compared to US's GDP of 20.8T.

[balola]

Americans markets have been booming for the past 10 years, relatively robust and "policed", it also has something to do with the dollar dominance, so they kind of can take these bets?

But it's not the case for Chinese domestic markets.

[est]

> It's an unusual move, but the whole IPO is odd.

In the IPO files Ant Group declared itself as a "tech company" under supervision of Ministry of Cyberspace. LOL