(Bloomberg) — Billionaire Jack Ma’s Ant Group is poised to pull off what could be the biggest initial public offering ever by simultaneously listing in Hong Kong and Shanghai. It’s said to be gunning for a valuation of $225 billion, making it the world’s fourth-largest financial company. A 2011 offshoot […]

(Bloomberg) — Goldman Sachs Group Inc. and Bank of America Corp. were left off Ant Group’s upcoming stock sale in Hong Kong because of their past work with rivals of its affiliate Alibaba, according to people familiar with the matter. Bankers have been told by senior executives at Alibaba Group […]

(Bloomberg) — Billionaire Jack Ma’s Ant Group is seeking a valuation north of $200 billion as it goes public in Hong Kong and Shanghai, people familiar with the matter said, kicking off a much-anticipated market debut for China’s leader in internet finance. The parent of China’s largest mobile payment company […]

Liu Qiang, Vice President of Fosun Technology and Financial Group, Deputy Chairman of Hani Securities, speaks with Arjun Kharpal, Senior Correspondent of CNBC, during Day 1 of CNBC East Tech West at LN Garden Hotel Nansha Guangzhou on November 17, 2020 in Nansha, Guangzhou, China. Zhong Zhi | Getty Images […]