Jack Ma’s Ant Group has filed for an initial public offering in Hong Kong and Shanghai, in what is likely to be one of the biggest debuts in years, potentially topping even Saudi Aramco’s $29 billion initial share sale in 2019.
Here’s what Bloomberg columnists have been saying about it:
Ant will have an elephant-sized coming out party: With one swoop, the dual listing will invigorate Shanghai's technology-focused Star board and provide some welcome market buzz for Hong Kong. Chinese regulators held back approval for Ant to go public out of concern that the company had become too dominant. These concerns have