Ant Group Said to Lift IPO Valuation Target to $280 Billion

10月17日

BEIJING, October  16 (TMTPOST)—  Owing to strong investors demand, Ant Group plans to lift its valuation target for initial public offering (IPO) by at least 12% to $280 billion, reported Bloomberg, citing people familiar with the matter.

According to the same source, Ant seeks to list in Hong Kong and Shanghai the same day, and the Chinese fintech giant backed by Alibaba aims to raise about $35 billlion through its IPO, which will easily shatter Saudi Aramco’s fundraising record $29 billion.

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