The Briefing: Ant Raising $34.5B In Biggest IPO Ever, PrimaryBid Lands $50M, And More
Ant Raising $34.5B In Largest IPO EverChina-based fintech giant Ant Group is raising $34.5 billion in what reportedly ranks as the largest IPO ever. The company set share prices for its offering Monday, with listings planned on Shanghai and Hong Kong exchanges. The offering will reportedly set an initial valuation of around $313 billion for Ant. Ant Group is expected to start trading in Hong Kong on Nov. 5, according to a regulatory filing. The company has not disclosed when its Shanghai shares will begin trading.