World's Biggest IPO- China Ant Group
Going for Global Investor Gold Source: Ant Group $34.4 Billion IPO Chinese financial technology giant Ant Financial Services Group is launching a dual listed IPO on the Shanghai and Hong Kong Stock Exchanges. The IPO is aiming to raise nearly $35 billion. That would be the world's largest share price offering in history. Investors are racing for a piece of the fast growing company. Ant is Alibaba's financial affiliate. Alibaba is a giant China-based technology and e-commerce multinational company. Ant offers a suite of financial services, including the widely popular Alipay digital payment system, known as China's wallet. The IPO deal would value Ant at more than $313 billion. That is more than the world's biggest bank by assets, The Industrial and Commercial Bank of China. Regulatory and Trade Concerns Overshadowing the market debut is a threat by the US State Department to add the company to its trade blacklist. There is also some concern over growing regulat