Why it is one to watch: A highly profitable spin-off of Alibaba’s payments division could be the world’s largest IPO, targeting $225 billion, and because it’ll be double-listed in Hong Kong and Shanghai.
Expected timing: As soon as October
S-1: Found here.
Last week, the initial public offering floodgates swung wide open, and it’s no accident that five of the companies that filed paperwork to sell shares to the public are software as a service businesses.
The five companies—Snowflake, Asana, Palantir, JFrog and Sumo Logic—are in a sector that has proved to be one of the ...
Alibaba’s financial affiliate Ant Financial Services Group defended its proposed takeover of money-transfer firm MoneyGram, saying none of the firm’s customer information would leave the U.S.
Ant Financial was responding to comments from the CEO of a rival bidder for MoneyGram, Kansas-based Euronet, suggesting the deal posed national ...
China’s most valuable online finance company is on an acquisition spree to build a global powerhouse stretching from India to Texas. To fund its overseas deals, Ant Financial Services Group—an affiliate of online shopping giant Alibaba Group—is in early discussions with bankers to raise more than $3 billion, possibly by ...
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