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Ant Group could raise as much as $34.5B in IPO in what would be world’s largest IPO – TechCrunch

Ant Group could raise as much as $34.5B in IPO in what would be world’s largest IPOThe long-anticipated IPO of Alibaba-affiliated Chinese fintech giant Ant Group could raise tens of billions of dollars in a dual-listing on both the Shanghai and Hong Kong exchanges. Alibaba owns a 33% stake in Ant Group. The Ant Group IPO could be viewed as a moment in which the United States stock markets showed weakness. And IPOs have generally performed strongly as well, meaning that Ant Group could find a few tailwinds for its equity when it begins to trade. At a valuation of more than $310 billion, Ant Group would be worth about as much as JPMorgan Chase, the most valuable American bank today.

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