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Ant Group could raise nearly USD 35B in record share offering

Shortpedia

Content Team
Image Credit: Shortpedia

China's Ant Group will try to raise nearly USD 35 billion in its initial public offering in Shanghai and Hong Kong, which would make it the largest share offering in history. Alibaba-affiliated Ant Group, which operates a suite of financial products including the widely-used Alipay digital wallet in China and one of the world's largest money market funds, will hold dual listings in Shanghai and Hong Kong.