Unicorn Club· Unicorn Private Research
The short answer
You cannot buy Ant Group through a broker: as of 28 October 2026 it is not listed on any exchange. Before an IPO every route is private. You buy shares on the secondary market, you join an SPV that holds them, or you own a fund with a stake. In Unicorn Club, accredited investors can join a club deal on Ant Group through an SPV, from $100,000.
What Ant Group does
Ant Group, based in Hangzhou and an affiliate of Alibaba, runs Alipay and credit, insurance and wealth services in China. Chinese regulators halted its Shanghai and Hong Kong IPO in November 2020, days before trading.
Latest valuation
The last valuation on record is 78.5 billion dollars (July 2023, source: South China Morning Post).
The company set it itself, by buying back its own shares at that price.
The figure is more than a year old. Read it as a reference point, not as today's price.
IPO status
No IPO filing. As of 28 October 2026 Ant Group has not published a registration statement and has given no listing date (source: Unicorn Watch IPO tracker).
Ways to get exposure before the IPO
Secondary market. An employee or an early investor sells shares to a new buyer, through platforms such as Forge Global or Nasdaq Private Market, or through a broker. Most private companies keep a right of first refusal and ask for board consent. A trade can take weeks. It can also fail at the last step.
SPV. A special purpose vehicle buys the shares and you buy an interest in the vehicle. Your name does not go on the company's register. The vehicle has a manager, its own costs and its own rules on when money comes back.
Funds. Some venture and growth funds hold Ant Group shares. You get exposure mixed with the rest of their portfolio, lock-ups that run for years and minimums the fund decides. A few listed investment trusts publish their private holdings: that is the one route open on a stock exchange, at a price that can sit above or below the value of what they own.
Before choosing, ask three things. Who sets the price, what it costs every year, and when the money comes back.
The Ant Group club deal in Unicorn Club
Unicorn Club runs club deals for its members. For Ant Group, a dedicated SPV buys Ant Group shares on the secondary market when the company's transfer rules allow it, and every member who joins commits a separate amount.
Minimum $100,000 per deal. US residents: $200,000 for individuals and $1,000,000 for companies and other entities. Only accredited or qualified investors under the rules of their country of residence can take part, confirmed in the app with a short questionnaire.
Each commitment is paid in full, by wire or in BTC, ETH, USDT or USDC (ERC-20).
To see the deal and commit you need membership: $99 a month or $890 a year. Membership is not an investment and is not invested.
Opens the Unicorn Club web app. Sign in, join, answer the questionnaire, then choose the amount.
Frequently asked questions
Can I buy Ant Group shares on the stock exchange?
No. As of 28 October 2026 Ant Group is a private company with no ticker. Its shares change hands only in private deals, usually with the company's consent.
When will Ant Group go public?
Nobody can say. As of 28 October 2026 Ant Group has filed nothing in public for an IPO and has given no date.
What is the minimum to invest in Ant Group through Unicorn Club?
$100,000 per club deal; for US residents $200,000 for individuals and $1,000,000 for entities. Membership is separate: $99 a month or $890 a year.
Who can join the Ant Group club deal?
Accredited or qualified investors under the laws of their country of residence. The club deal is not a public offering.
Sources and further reading
Investing involves the risk of losing capital.