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Ant Financial raises $14 billion in world's largest-ever single fundraising


By Adam Jourdan and Cate CadellSHANGHAI/BEIJING (Reuters) - Ant Financial Services Group, operator of China's biggest online payment platform, on Friday said it raised around $14 billion in what market watchers called the biggest-ever single fundraising globally by a private company.The cash will boost Ant's firepower ahead of a widely expected initial public offering (IPO) in Hong Kong and mainland China as early as next year - though the company has neither publicly set a timetable nor chosen a likely stock exchange.The exercise amounted to the largest confirmed single fundraising round in ...

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First Published: Fri, June 08 2018. 23:04 IST