1/n Quick tear-down of @antgroup nos (from IPO prospectus):

Transaction Processing Volume (TPV)

Trailing 12 mths TPV (June 30,2020):
USD$ 17.2 Trillion (RMB118 Trillion)

Of which...

Trailing 12 mths International TPV (June 30,2020):
USD$ 90.6B (RMB 622 billion) 2/n
As of June 30, 2020

Total Users: 1 Billion
Total Mthly Active Users (MAU): 711 MM
Total Merchants: 80MM

1/n Summer 1987: My school friend's dad died at 45 in an accident. Weeks later, his mom showed me a pile of old share certs, since I used to ask him about IPOs. Discovered he left behind a blue chip portfolio of Rs 1.3 Crores ~ $750k. His salary: Rs 3,500 ~ 200 pm. Sensex: ~500 2/n My friend's dad was a middle class factory mgr at Tata Steel when he passed away. He applied for every good IPO for 23 years, from the day he got his first paycheck. And he never sold a single share. He re-invested every rupee of dividend he received into new IPOs.