Ant Group Set to Raise $34bn for World’s Largest IPO | Dao Insights

Ant Group set to raise $34 billion for world’s largest IPO

Chinese financial technology company Ant Group is set to raise approximately $34 billion for its dual listing on the Hong Kong and Shanghai stock exchanges. This would make its initial public offering the largest in history. It priced its shares at $10.30 a piece, which will make the company worth around $310 billion in total.

The listing was delayed from its original date in October as it had not been approved by Chinese regulators, and is expected to take place on November 5.

Ant Group is an affiliate of Alibaba Group and is the parent company of the Alipay mobile payment service. It is the world’s highest-valued fintech company, and the most valuable unicorn company.

Check out Ant Forest and KFC’s campaign “good morning, green morning”.

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