BILLIONAIRE Jack Ma's Ant Group plans to file for dual listings in Hong Kong and Shanghai in the next few weeks, targeting a valuation of about US$225 billion, people familiar with the matter said, in an effort to pull off the world's largest initial public offering (IPO). Read more at The Business Times.
With data from almost a billion users of its Alipay app at its back, Ant is pushing broadly into financial services, delivering technology such as robo investing and lending platforms as well as building out its advisory business.
Ant's plans including details of the share sale are subject to change, the people said. A representative for Ant declined to comment. Ant's IPO will give another boost to Hong Kong Exchanges and Clearing, which has already seen a renaissance of Chinese tech listings after it relaxed rules in the wake of losing China's biggest tech firms to New York. Alibaba, which owns a third of Ant, returned with a US$13 billion secondary listing last year in Hong Kong.
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Jack Ma's Ant is said to target US$225 billion valuation in IPO[HONG KONG] Billionaire Jack Ma's Ant Group plans to file for dual listings in Hong Kong and Shanghai in the next few weeks, targeting a valuation of about US$225 billion, people familiar with the matter said, in an effort to pull off the world's largest initial public offering (IPO). Read more at The Business Times.
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Jack Ma's Ant said to target US$225 billion valuation in IPOHONG KONG (BLOOMBERG) - Billionaire Jack Ma's Ant Group plans to file for dual listings in Hong Kong and Shanghai in the next few weeks, targeting a valuation of about US$225 billion (S$307.5 billion), people familiar with the matter said, in an effort to pull off the world's largest initial public offering.. Read more at straitstimes.com.
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Jack Ma's Ant said to target US$225 billion valuation in IPOHONG KONG (BLOOMBERG) - Billionaire Jack Ma's Ant Group plans to file for dual listings in Hong Kong and Shanghai in the next few weeks, targeting a valuation of about US$225 billion (S$307.5 billion), people familiar with the matter said, in an effort to pull off the world's largest initial public offering.. Read more at straitstimes.com.
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Jack Ma's Ant is said to target US$225 billion valuation in IPO[HONG KONG] Billionaire Jack Ma's Ant Group plans to file for dual listings in Hong Kong and Shanghai in the next few weeks, targeting a valuation of about US$225 billion, people familiar with the matter said, in an effort to pull off the world's largest initial public offering (IPO). Read more at The Business Times.
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