Ant Group, the fintech arm of Chinese ecommerce giant Alibaba, is planning on a Hong Kong float as soon as this year, according to Reuters. Ant is targeting a valuation of more than $200 billion, according to two Reuters sources with knowledge of the matter. Ant is targeting a valuation of more than $200 billion. The paytech was looking to sell shares in Hong Kong and mainland China simultaneously but is leaning heavily towards the Asian financial hub first because it would probably face a smoother listing process, note the sources. “It is looking at selling between 5% and 10%…
Alibaba’s Ant plans Hong Kong IPO
Alibaba’s Ant plans Hong Kong IPO
