InvestorQ : Can you throw some light on the Ant Group IPO, which is considered to be the biggest IPO ever?
Dia Deshpande made post

Can you throw some light on the Ant Group IPO, which is considered to be the biggest IPO ever?

Answer
image
swati Bakhda answered.
4 weeks ago
Follow

China’s Ant Group is the investment and venture funding arm of Jackie Ma’s Alibaba. In one of the biggest IPOs in history, Ant Financial will look to raise $35 billion via its IPO simultaneously launched in Shanghai and Hong Kong.

Ant Group operates a suite of financial products including the widely-used ALIPAY digital wallet in China. It also runs and one of the world’s largest money market funds. When the IPO is complete, Ant Group will be simultaneously listed in Shanghai and in Hong Kong.

At $35 billion, the IPO will be almost 20% larger than the Saudi Aramco IPO which raised $29 billion last year. This IPO would give Ant Group a valuation of $280 billion. More than anything, the success of this IPO would underline that the Chinese capital markets are deep enough and robust enough to handle IPOs of this size and complexity.

1 Views