In a couple of weeks Chinese billionaire Jack Ma will be ready to make Ant Group public by what should be the biggest IPO ever. Sources say that to Bloomberg News Agency. Ma is aiming for an appreciation of the Chinese fintech company of some $ 225 billion. In that case, the IPO would yield about 30 billion dollars, which would be more than the record of 29.4 billion dollars, which is held by Saudi Aramco.
Ant, a daughter of the Chinese web shop giant Alibaba, is likely to be given a double listing at the Hong Kong and Shanghai stock exchanges. The company is known, among others, by the enormously popular payment system AliPay. If Ant gets a rating of $ 225 billion, it’s worth more than Goldman Sachs and Morgan Stanley put together in one fell swoop.