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Backed by Chinese e-commerce giant Alibaba (N:BABA), Ant plans to list simultaneously in Hong Kong and on Shanghai’s STAR Market next month, in what could be the world’s largest IPO, surpassing oil giant Saudi Aramco (SE:2222)’s $29.4 billion float last December.
The company is seeking to raise about $35 billion in the dual IPO after assessing early investor interest and based on a higher valuation of about $250 billion or more, Reuters has reported.
Ant did not respond to a request for immediate comment.
