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Last Updated : Oct 27, 2020 09:17 PM IST | Source: Moneycontrol.com

Business Insight | Ant Group set to surpass Saudi Aramco in record $34 billion IPO

The listing is expected to be larger than oil giant Saudi Aramco's $29 billion IPO in 2019

Chinese fintech giant Ant Group, spearheaded by Jack Ma, is preparing for a massive $34 billion initial public offering (IPO). Its shares will be listed on both the Shanghai and Hong Kong exchanges.

The listing is expected to be larger than oil giant Saudi Aramco's $29 billion IPO in 2019, which holds the current record.

Ant Group has been valued $313.37 billion, making it larger than some of the biggest banks in the US, which includes Goldman Sachs and Wells Fargo.

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In this edition of Business Insight, we find out more on the biggest listing of all time.
First Published on Oct 27, 2020 07:24 pm
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