News Snapshot:
The giant Chinese fintech upstart is expected to raise US$34 billion, eclipsing Saudi Aramco’s debut last year and Alibaba’s IPO in 2014 Bypassing the US, Ant Group sees SEA as its battleground and its IPO will create a ripple effect across the region Remember back in 2014 when Jack Ma’s Alibaba secured its place as the world’s largest-ever stock market flotation, raising US$25 billion? Then came Saudi Arabia’s giant state-owned oil company, Saudi Aramco, with a record US$25.6 billion (£19.4bn) in its initial public offering (IPO) in Riyadh last year. Well, this week, things have come full circle with the...
