Total employee incentives exceed 130 billion yuan
The initial inquiry of Ant Group's IPO was completed, and the final A-share issue price was determined to be 68.8 yuan per share. Ant employee incentives reached 137.69 billion yuan, which was allocated to 8.26 million yuan. Lianjia Group shows that in September this year, the average price of second-hand houses in Hangzhou, where the Ant Group is headquartered, was 29,200 yuan. If calculated based on the Ant employee incentive plan, each Ant Group could buy a large house of 283 square meters in Hangzhou.
The average number of employees is over 8 million
Ant Group did not disclose the specific number of rewards, but the prospectus also showed that as of June 30, 2020, the total number of Ant Group employees was 16,660, and on average, each employee can be allocated about 8.3 million yuan.
Create a new batch of billionaires
At the same time, the IPO of Ant Group will also greatly enhance the wealth of a group of early investors and employees. Since 2014, the company has been awarding employee share-based rewards, and at least 18 other people will become billionaires through an IPO.
For example, Peng Lei is the second largest individual shareholder of Ant Group after Jack Ma, with shares worth US$5.2 billion.
In addition, the shares held by Jing Xiandong, chairman of Ant Group, are worth US$3.1 billion.