Chinese fintech firm Ant Group is targeting a $225b valuation for dual listings in Hong Kong and Shanghai in what would be the biggest IPO ever.
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A Jack Ma company is poised to break the record for biggest IPO—again
According to Alibaba's Thursday earnings report, Ant made a profit of $1.3 billion in the first quarter of 2020. Ant owns the digital payments platform Alipay, which has 900 million users in China and over 1 billion worldwide.
