Chinese financial technology giant Ant Group Co Ltd has set terms for a dual listing aimed at raising up to $34.4 billion from the world's largest stock market debut, with investors scrambling for a piece of the fast-growing company.
has set terms for a dual listing aimed at raising up to $34.4 billion from the world's largest stock market debut, with investors scrambling for a piece of the fast-growing company.
The deal would value Ant at more than $313 billion before a so-called greenshoe option for a 15% overallotment of shares.VARUN MITTAL, HEAD OF EMERGING MARKETS FINTECH BUSINESS AT EY, SINGAPORE He said the IPO would herald more domestic listings of tech giants and increase the weighting of “new economy” companies in China’s stock market but cautioned that the mammoth listing could impact market liquidity.He said investors will be now be engaged in the guessing game for the debut price.
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