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

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

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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

Published: 8:30am, 25 Sep, 2020

Updated: 5:48pm, 27 Sep, 2020

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

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