An employee is seen in Ant Financial Services Group at its headquarters in Hangzhou, Zhejiang province, China. Ant is the world's most valuable unicorn – or billion-dollar unlisted tech firm. – REUTERSPIXAnt Group, Alibaba's fintech arm and China's dominant mobile payments firm, filed for a dual listing in Hong Kong and on Shanghai's Nasdaq-style STAR Market today and could raise as much as US$30 billion in what would be the world's largest IPO.
The offering size could even reach US$30 billion if market conditions allow, said three of the people this week. The company was valued at about US$150 billion in its last funding round in 2018, which brought in big-name investors such as Temasek Holdings Ltd and Warburg Pincus LLC. Ant has amassed a range of financial licenses including payments, online banking, insurance and micro lending to operate in China's vast financial market.
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