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Ant Group, biggest IPO ever, plans to raise $34.5B

Added 10-26-20 02:04:02pm EST - “The world's largest fintech company, China's Ant Group, will try to raise nearly $35 billion in a massive public offering of stock that would shatter records.” - Foxbusiness.com

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Posted By TheNewsCommenter: From Foxbusiness.com: “Ant Group, biggest IPO ever, plans to raise $34.5B”. Below is an excerpt from the article.

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‘The New Retail’ author Michael Zakkour discusses stocks like Alibaba, Bed Bath & Beyond and Home Depot.

HONG KONG (AP) — The world’s largest fintech company, China’s Ant Group, will try to raise nearly $35 billion in a massive public offering of stock that would shatter records.

Alibaba-affiliated Ant Group, which operates a suite of financial products including the widely-used Alipay digital wallet in China and one of the world’s largest money market funds, will hold dual listings in Shanghai and Hong Kong.

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