Ant Group Seeks to Raise to $ 17 Billion From an IPO in Shanghai


Source: blockchainreporter.net blockchainreporter.net

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October 26, 2020 October 26, 2020 Jack Ma’s Ant Group Co . is expected to see an upsurge of nearly $ 35 billion through IPOs in Hong Kong and Shanghai. This prizewinning situation would be considered the world’s most significant selling stock to date. Fintech is valuing its stake in Shanghai at 68.8 yuan ($ 10.27) in cash and its Hong Kong stake at $ 80 ($ 10.32) each. According to Monday’s statement , Ant will be worth about $ 280 billion before the IPO and raise about $ 34.5 billion from Shanghai and Hong Kong before exercising the greenshoe...