Ant Financial is expected to begin trading on November 5th and will likely be one of the largest fintech offerings on record, if not the largest technology IPO overall.
Unlike their US counterparts, Ant Financial has a wide ranging portfolio of fintech products including payments & credit (for both consumers and business), wealth management & investment products, and individualized insurance products. Similar to Amazon, they are their own first and best customer in each market, and they use their entire user base to drive very low customer acquisition costs for all of their products and offerings.
If you’re into fintech, you have to know what Ant Financial is all about and Lillian did a great job profiling the company.