Jack Ma's Company Can Make Record Earnings from Simultaneous Public Offering

Jack Ma's Company Can Make Record Earnings from Simultaneous Public Offering

Ant Group, owned by The Chinese billionaire Jack Ma's, could simultaneously earn record earnings in the public offering of Hong Kong and Shanghai. More than $ 200 billion is expected from the simultaneous public offering of Ant Group, owned by Chinese billionaire Jack Ma, in Hong Kong and Shanghai, according to sources with knowledge of the subject. Ant Group, which is the main company of China's largest mobile payment, will realize simultaneous public offering on the STAR platform of the Hong Kong and Shanghai stock markets. This sale is one of the widest initial IPOs of recent times. According to one of the sources that did not name it due to the fact that the issue was hidden, Ant could earn more than $ 29 billion that Saudi Arabia earned in the record Saudi Aramco IPO, if the conditions are in favor, which is already valued more than most of Wall Street companies. Ant, which is the most precious part of growing Alibaba, focuses its efforts on online shopping services in areas such as loans, travel services and food delivery in order to regain its customers lost to Tancent Holdings Ltd. Ant's CEO Simon Su stated that he wants people to think that Alipay is not only a financial services company, but the largest e-commerce area in the world. The double public offering chosen by the most well-known companies in China, such as banks, oil and natural gas producers, has lost its old appeal due to the complexity of choosing stock sales in different capital regimes. This decision of Ant will be a victory on behalf of Shanghai's STAR platform, which is considered to be a preferred public offering for fast growing companies. Simultaneous IPO also Hong Kong Exchanges & Clearing Ltd., which loosened its rules after losing its rules to China's biggest technology companies, including Alibaba Group Holding Ltd., which holds a third of Ant, on the New York Stock Exchange. will be a very important move in terms of.