online resources

Jack Ma’s Ant Group files $30B IPO in Hong Kong and Shanghai

China’s Ant Group is prepping for the largest IPO in history. Ant Group, the financial affiliate of China’s e-commerce giant Alibaba, has filed an Initial Public Offering, or IPO, in Hong Kong and Shanghai.Managed by Alibaba co-founder Jack Ma, Ant Group is targeting a valuation of about $226 billion, based on a target IPO raise of nearly $30 billion, people familiar with the matter told Bloomberg on Aug. 25.As reported, the new IPO could become the largest deal in history, potentially overtaking the record set by Saudi Arabian multinational oil and gas giant, Saudi Aramco — which raised around $29.4B…

Continue Reading Jack Ma’s Ant Group files $30B IPO in Hong Kong and Shanghai

End of content

No more pages to load