Ant, a sensational IPO

The operation, expected on November 5, should establish the Chinese group as the world leader in fintech.

Ant is now present in almost all areas of Chinese society: Didi taxis (Chinese Uber), home food delivery or even retreats, or more than 100 services in total.
Ant is now present in almost all areas of Chinese society: Didi taxis (Chinese Uber), home food delivery or even retreats, or more than 100 services in total. ALEX PLAVEVSKI/EPA/MAXPPP

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

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