News Snapshot:
U.S. election dispute may demand months of hedging Context News Ant Group is seeking to raise at least $35 billion in its initial public offering, putting the Chinese financial technology group on track for a global record, Bloomberg reported on Sept. 21, citing people familiar with the matter. Ant’s increased IPO target is based on a valuation for the company of around $250 billion, Bloomberg cited the people as saying. The largest IPO to date is Saudi Aramco’s $29 billion offering in 2019. Ant on Sept. 18 received approval from the Shanghai Stock Exchange for a domestic IPO. It plans...
