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Ant Group raising equity via stake sale

Ant Group raising equity via stake sale

The Ant Group is gearing up for equity via share sale post which it could be worth more than many global banks. However its business is extremely concentrated in just one country i.e. China. Instead of listing in NY, Ant is going public in Hong Kong and Shanghai only. Alibaba owns a one-third stake in Ant and Mr. Jack Ma is Ant’s controlling shareholder, though he is not a part of its management.

Milan
Milan
Top in Business