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Ant to Raise $34.5 Billion in IPO

By
Martin Peers
· · Source: CNBC

Ant Group will raise a staggering $34.5 billion from its HK-Shanghai IPO, CNBC reported , valuing the company at $313 billion. Ant set the prices for the IPO on Monday Hong Kong time, but it won’t start trading until Nov. 5. The valuation on Ant, China’s biggest digital payments company, is higher than what the company had initially been seeking. It makes the IPO the biggest in history and a...

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