This is the home stretch for Ant Group (formerly Ant Financial), which is preparing to carry out the largest fundraiser in the history of world stock markets. The various Chinese and Hong Kong regulators gave the green light to the operation last week, and, on Monday, the company was valued at more than 313 billion dollars (265 billion euros). The introduction is scheduled for November 5 in Hong Kong. The date for Shanghai is still awaited. This double introduction should allow Ant to raise nearly 35.5 billion dollars (30 billion euros), significantly more than the oil giant Saudi Aramco which held the previous record.
The operation has been repeatedly postponed for regulatory issues and because of doubts expressed by the Chinese government, which sees Ant as an overly powerful private entity. The group has meanwhile lobbied for its double IPO to take place before November 3. Objective: get down to