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Jack Ma's Ant Financial plans dual IPO, targets $225 bn valuation: Report

The share sales could raise about $30 billion in total if markets are favorable, said one of the people

Topics
Jack Ma | Ant Financial | IPOs

Scott Deveau & Lulu Yilun Chen | Bloomberg 



Ant, which made about $1.3 billion in profit in the March quarter, is Alibaba Group Holding Ltd. founder Ma’s prized asset

Billionaire Jack Ma’s Ant Group plans to file for dual listings in and in the next few weeks, targeting a valuation of about $225 billion, people familiar with the matter said, in an effort to pull off the world’s largest initial public offering.

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First Published: Fri, August 21 2020. 09:43 IST

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