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Alibaba preparing for the biggest public offering in history

by Maraaz October 26, 2020, 12:43 PM 89.6k Views

Alibaba Group founder Jack Ma claimed that the IPO price of the fintech company Ant Group, which is part of the group, will set a record.

Jack Ma, founder of China-based online B2B trading platform Alibaba Group. He argued that the IPO price of the group’s fintech company Ant Group could set a “new record”.

Listing of the company in Hong Kong and Shanghai at the public offering to take place on October 27. It is stated that nearly $ 35 billion of resources can be collected.

In the event of the scenario, the market value of the company could exceed $ 270 billion. Currently the holder of this record is $ 29.6 billion in total, which it launched in 2019. Saudi Aramco, headquartered in Saudi Arabia, with its IPO.