China’s Ant Group is aiming to raise at least $34.4 billion in what is due to be the world’s biggest-ever initial public offering
HONG KONG—China’s Ant Group Co. is aiming to raise at least $34.4 billion in what is due to be the world’s biggest-ever initial public offering, a deal that will cement its status as one of the most valuable companies in either technology or finance.
The mammoth IPO adds to an already frenetic year for China’s capital markets, which are enjoying a boom in share sales despite heightened tensions with the U.S.
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