Ant Group could raise nearly $35B in record share offering
https://apnews.com/507e524e27aa9ccac305c47984a235cf
HONG KONG (AP) — China’s Ant Group will try to raise nearly $35 billion in its initial public offering in Shanghai and Hong Kong, which would make it the largest share offering in history.
Alibaba-affiliated Ant Group, which operates a suite of financial products including the widely-used Alipay digital wallet in China and one of the world’s largest money market funds, will hold dual listings in Shanghai and Hong Kong.