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

Video Credit: Wochit News
Published on September 21, 2020 - Duration: 00:24s

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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