Monday, 26 October 2020

Jack Ma's Ant set for world's biggest share offering at £26bn

Financial technology firm will list on Shanghai and Hong Kong stock markets in snub to US Chinese billionaire Jack Ma’s financial technology firm is aiming to raise more than $34bn (£26.15bn) in the world’s biggest initial public offering, valuing the business at more than $313bn. Ant Group, which on Monday set the price for its much anticipated flotation and is expected to start trading early next month, will beat the record $25.6bn sold by state-backed oil giant Saudi Aramco in its flotation last December. Continue reading...
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