Chinese financial-technology company Ant Group may sound small, but it could ride China’s technology-investment wave to grow into a market behemoth. The company, controlled by Chinese billionaire Jack Ma, has filed for concurrent initial public offerings in Shanghai and Hong Kong. Ant is expected to fetch a valuation above $200 billion. With the company selling at least 10% of share capital, the IPOs could together amount to one of the largest listings ever.

Source: Wall Street Journal August 26, 2020 11:18 UTC