Ant, the operator of Alipay, is marching towards an IPO in Hong Kong and Shanghai. Photo: Reuters Ant, the operator of Alipay, is marching towards an IPO in Hong Kong and Shanghai. Photo: Reuters
Ant, the operator of Alipay, is marching towards an IPO in Hong Kong and Shanghai. Photo: Reuters

Ant Group’s blockbuster Shanghai share sale gathers momentum, as overseas investors clamour for China exposure

  • Ant’s pre-money valuation is crystallising around US$230 billion to US$250 billion, could stretch up to about US$300 billion
  • Global investors are using QFII quotas to participate in Shanghai leg of IPO, sources say

Topic |   Ant Group
Ant, the operator of Alipay, is marching towards an IPO in Hong Kong and Shanghai. Photo: Reuters Ant, the operator of Alipay, is marching towards an IPO in Hong Kong and Shanghai. Photo: Reuters
Ant, the operator of Alipay, is marching towards an IPO in Hong Kong and Shanghai. Photo: Reuters
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