Ant Group set to raise more than $34bn in blockbuster IPO
Jack Ma’s payments group is poised for the biggest listing on record after it priced in Shanghai and Hong Kong
26 October 2020 - 16:37
Hong Kong — Jack Ma’s Ant Group is set to raise about $34.5bn in Shanghai and Hong Kong, a blockbuster listing that will rank as the biggest IPO ever and make it one of the most valuable finance firms on the planet.
The fintech giant will have a market value of $315bn even before exercising its greenshoe option, based on filings on Monday. That is about the same valuation as JPMorgan Chase and four times larger than Goldman Sachs...
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