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Showing posts with the label #dual listing

World's Biggest IPO- China Ant Group

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  Going for Global Investor Gold Source:  Ant Group $34.4 Billion IPO  Chinese financial technology giant Ant Financial Services Group is launching a dual listed IPO on the Shanghai and Hong Kong Stock Exchanges.  The IPO is aiming to raise nearly $35 billion. That would be the world's largest share price offering in history. Investors are racing for a piece of the fast growing company.  Ant is Alibaba's financial affiliate. Alibaba is a giant China-based technology and e-commerce multinational company. Ant offers a suite of financial services, including the widely popular Alipay digital payment system, known as China's wallet. The IPO deal would value Ant at more than $313 billion.  That is more than the world's biggest bank by assets, The Industrial and  Commercial Bank of China. Regulatory and Trade Concerns Overshadowing the market debut is a threat by the US State Department to add the company to its trade blacklist.  There is also some concern over growing regulat