Ant Financial Ipo Shanghai

Ant Financial Ipo Shanghai. The Jack Ma -controlled Ant Group finally sets in motion what the market has been anticipating for years. The sky-high valuation would make the Chinese giant the world's most valuable fintech company, surpassing.

Jack Ma's Ant Group wins Shanghai OK for launch of giant ...
Jack Ma's Ant Group wins Shanghai OK for launch of giant … (Lou Shelton)

Today Ant Group, otherwise known as Ant Financial and owner of massive Chinese payments app Alipay, announced plans for an IPO. HONG KONG (Reuters) – Chinese financial technology firm Ant Group's application for a local IPO on a Nasdaq-style market will be reviewed on Sept. Software companies are in a rush to file IPOs as the market rallies.

HONG KONG (Reuters) – Chinese financial technology firm Ant Group's application for a local IPO on a Nasdaq-style market will be reviewed on Sept.

This will be a long-term tailwind for both Alibaba and Ant, and will get them a step closer to displacing rival Tencent.

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Jack Ma's Ant Group wins Shanghai OK for launch of giant …

The Jack Ma -controlled Ant Group finally sets in motion what the market has been anticipating for years. Ant Financial is set to IPO in both the Shanghai and Hong Kong markets. One of China's biggest tech firms has chosen to stay home for its blockbuster IPO, shunning Wall Street where Chinese companies are facing heightened scrutiny because of rising geopolitical tensions.

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