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Ant Group IPO | Here are 6 things to know about Jack Ma's massive stock market debut

Ant Group's listing is expected to be larger than oil giant Saudi Aramco's $29 billion IPO in 2019, which holds the current record. The shares are expected to start trading in Hong Kong and Shanghai on November 5.

October 27, 2020 / 07:07 PM IST

Alibaba-affiliate Ant Group is prepared for a massive $34 billion initial public offering (IPO) when its shares will begin trading in a dual listing in Shanghai and Hong Kong.

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 owns online payments system Alipay, which has over 1.3 billion users across China.

Here are some more facts about the IPO: