Alibaba (NYSE:BABA), Goldman Sachs Group, Inc. (The) (NYSE:GS) Jack Ma’s Ant Group To Be Listed In Hong Kong And Shanghai, Targets Valuation Of $225 Billion: Report Benzinga

News Snapshot:

What happened: Jack Ma’s Ant Group Ant Group intends to file for dual listings in Hong Kong and Shanghai targeting a valuation of about $225 billion, a Bloomberg report said. Ant Group is Alibaba Group Holding Ltd – ADR’s (NYSE: BABA ) fintech arm and one of China’s dominant mobile payments company and it intends to pull off one of the largest IPOs in recent history. Why It’s Important: Ant Group is said to be one of the prized assets for the Alibaba founder. It reportedly made $1.3 billion in profit in the March quarter. The group has a huge...