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Jack Ma's Ant Group Putting Together Largest IPO In History

Video Credit: Wochit News - Duration: 00:24s - Published
Jack Ma's Ant Group Putting Together Largest IPO In History

Jack Ma's Ant Group Putting Together Largest IPO In History

Business Insider reports that Jack Ma's Ant Group is looking to raise its funding target to $35 billion through its initial-public-offering.

Ant is Alibaba's fintech arm and China's dominant mobile-payments service.

Ant raised its valuation to $250 billion from $225 billion.

Previously, the company expected to raise $30 billion.

When Ant goes public, its listing will likely be the largest IPO in the world.


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