Ant Group to Seek USD 225 Bn Valuation with Its Double IPO
Alibaba Group's (BABA:NYSE) fintech spinoff Ant Group, which in August 2020 announced planned Hong Kong and Shanghai IPOs, is aimed at a USD 225 billion valuation, according to an industry source.
On August 21, the company posted around CNY 9.2 billion in profit within three months through March 2020 -- an increase of 567% year-on-year.
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