|Bid||148.74 x 800|
|Ask||148.93 x 800|
|Day's Range||147.63 - 150.31|
|52 Week Range||91.68 - 158.21|
|Beta (5Y Monthly)||0.73|
|PE Ratio (TTM)||2,845.00|
|Earnings Date||Nov 03, 2020 - Nov 09, 2020|
|Forward Dividend & Yield||1.40 (0.95%)|
|Ex-Dividend Date||Sep 10, 2020|
|1y Target Est||165.42|
The coming Ant Group IPO is the most anticipated of the year, but as with all things between China and the U.S., there are many investor questions lingering about how to buy the Ant Group IPO.Source: Shutterstock The company, formed by Jack Ma to handle transactions at Alibaba Group Holding (NYSE:BABA), is less a bank or a payments company than a software as a service outfit.That means it's more like Fidelity National Information Services (NYSE:FIS) than JPMorgan Chase (NYSE:JPM). The market value of Ant Group stock after the IPO is likely to be just over half as big as Visa (NYSE:V), which is worth $416 billion.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe problem is that because of the Trump Administration's Cold War with China, Ant isn't listing in the U.S. The Administration is trying to use executive orders to force American investors out of all Chinese stocks.But that doesn't mean you can't still get in. Read the IPO document first, then call your broker. Alibaba is a Proxy for Ant Group IPOThe easiest way to get into Ant is to buy Alibaba stock.Alibaba owns about one-third of Ant. If Ant's valuation after the IPO is $225 billion, as expected, Alibaba's stake is worth $67 billion. * 7 Sin Stocks To Buy That Will Outperform the S&P 500 Alibaba recently passed Facebook (NASDAQ:FB) to become the fifth most-valuable company in the world, with a market capitalization of $729 billion. Some of that recent rise, 27% so far in 2020, is fueled by its stake in Ant. I have been urging investors buy Alibaba for years and have some shares in my retirement account. Buy Renaissance InternationalAnother way to buy into Ant is through the Renaissance Financial IPO ETF (NYSEARCA:IPOS).This is an exchange-traded fund run by Renaissance Capital, which specializes in IPOs. As more than half of IPOS portfolio is in Chinese stocks, Ant stock will undoubtedly find its way there. So far in 2020, IPOS is up about 30%. Buy a Chinese FundRenaissance isn't the only fund that's going to get into Ant Financial.Other China-oriented funds like the SPDR S&P China ETF (NYSEARCA:GXC) and the iShares MSCI China ETF (NASDAQ:MCHI) are certain to get shares as well. The SPDR funds are run by S&P Global (NASDAQ:SPGI), iShares by Blackrock (NYSE:BLK).So far in 2020, GXC is up about 15% while MCHI is up about 8%. Call Your BrokerInteractive Brokers (NASDAQ:IBKR), Fidelity Investments and Charles Schwab (NASDAQ:SCHW) all offer some Chinese trading services. Interactive Brokers trades on both the Shanghai and Hong Kong exchanges, Schwab just in Hong Kong.Unless you're an extra-large client at one of these brokers, it's unlikely you can get IPO shares, but you can still trade after the offering. I have been with Schwab for years. I call Charlie my bookie. Wait for the ADRBanks and brokers create and market American Depository Receipts (ADRs) on many foreign stocks, including some without U.S. listings.After Ant goes public, it's likely a sponsor will turn up to handle ADR trading. Technically I don't own any Alibaba. I own some ADRs. These range in quality, from companies that offer few financial details to those that offer regular reports. Ant will fall in the latter group. Buy the Big BanksA final way to get a taste of Ant is through the big U.S. banks that are sponsoring the Hong Kong listing. These include JPMorgan Chase, Morgan Stanley (NYSE:MS) and Citigroup (NYSE:C). Goldman Sachs (NYSE:GS) has also joined the syndicate recently.The IPO will be a major payday for these banks. This year, the brokerage side of these banks are providing the profits, because rates of return on lending are so low. The Bottom LineIn addition to financial risks, buying Ant also carries geopolitical risks. If Trump is re-elected in November, the Administration may shut the door entirely on China. (They can have my Alibaba when they pry it from my cold, dead hands.) Even if Joe Biden is elected, the China relationship is going to be fraught.If you're willing to take those risks, as well as the financial ones, go for it.At the time of publication, Dana Blankenhorn held a long position in BABA.Dana Blankenhorn has been a financial journalist since 1978. His latest book is Technology's Big Bang: Yesterday, Today and Tomorrow with Moore's Law, essays on technology available at the Amazon Kindle store. Follow him on Twitter at @danablankenhorn. More From InvestorPlace * Why Everyone Is Investing in 5G All WRONG * America's 1 Stock Picker Reveals His Next 1,000% Winner * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * Could Tiny "Super" Battery Kill Big Tech? The post 6 Alternatives for Investors Searching How to Buy the Ant Group IPO appeared first on InvestorPlace.
As consumers and businesses increasingly demand the speed and convenience of faster payment methods, financial technology leader FIS® (NYSE: FIS) is teaming with The Clearing House to bring real-time payment processing and settlement to small-to-mid-sized banks and credit unions and their customers.
Over the past three months, shares of Fidelity National Info (NYSE: FIS) moved higher by 10.35%. Before we understand the importance of debt, let us look at how much debt Fidelity National Info has.Fidelity National Info's Debt Based on Fidelity National Info's balance sheet as of August 4, 2020, long-term debt is at $14.87 billion and current debt is at $4.99 billion, amounting to $19.87 billion in total debt. Adjusted for $1.18 billion in cash-equivalents, the company's net debt is at $18.68 billion.To understand the degree of financial leverage a company has, shareholders look at the debt ratio. Considering Fidelity National Info's $82.64 billion in total assets, the debt-ratio is at 0.24. Generally speaking, a debt-ratio more than one means that a large portion of debt is funded by assets. As the debt-ratio increases, so the does the risk of defaulting on loans, if interest rates were to increase. Different industries have different thresholds of tolerance for debt-ratios. A debt ratio of 35% might be higher for one industry and average for another.Why Debt Is Important Debt is an important factor in the capital structure of a company, and can help it attain growth. Debt usually has a relatively lower financing cost than equity, which makes it an attractive option for executives.However, interest-payment obligations can have an adverse impact on the cash-flow of the company. Equity owners can keep excess profit, generated from the debt capital, when companies use the debt capital for its business operations.See more from Benzinga * Benzinga's Top Upgrades, Downgrades For September 17, 2020 * Benzinga's Top Upgrades, Downgrades For August 27, 2020 * Benzinga's Top Upgrades, Downgrades For August 19, 2020(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.