Jack Ma’s crown jewel ‘seeks valuation of more than $200bn’
Ant mobile payments group will pursue a simultaneous dual listing in Hong Kong and in Shanghai
20 July 2020 - 16:20
Hong Kong — Billionaire Jack Ma’s Ant Group is seeking a valuation of more than $200bn as it goes public in Hong Kong and Shanghai, people familiar with the matter said, kicking off a landmark coming-out party for China’s leader in internet finance.
The parent of China’s largest mobile payment company will pursue a simultaneous dual listing in Hong Kong and on the Shanghai stock exchange’s Star board, the Hangzhou-based firm said, in what promises to be one of the largest debuts in years...
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