China to raise world’s largest IPO despite the pandemic?


Source: indiatimes.com indiatimes.com

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Ant Group, the fintech arm of Alibaba has been aiming to raise about $35 billion in a dual listing in HongKong and Shanghai’s STAR Market. This step, expected in October, may lead to the establishment of the world’s largest IPO. ETBFSI Updated: September 29, 2020, 13:31 IST At the time of this global crisis, for which China has been blamed time and again and continues to bear the brunt of other countries, the Chinese retail investors continue to buy into funds. According to Alipay data, over six million retail investors were attracted by an advertisement on Alipay promoting the new...