Jack Ma is making history again with the Ant IPO, and getting even more wealthy while doing it

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Billionaire tech tycoon Jack Ma is raising more than $34 billion in yet another record breaking IPO, further cementing his place in history as one of the world's great tech entrepreneurs.

Financial tech company Ant Group's share sale in Hong Kong and Shanghai — the biggest in history — will catapult Ma to within striking distance of the globe's richest elites. Bloomberg estimates that the 56-year-old's fortune will soon hit $71.1 billion, positioning him as the 11th wealthiest person in the world. Through e-commerce giant Alibaba and now Ant Group, Ma has had a transformational effect on China's internet industry and on hundreds of millions of Chinese consumers.

How Jack Ma changed China 03:02Speaking at a business conference in Shanghai last week, Ma touted the fact that the pricing for Ant's IPO was"determined outside of New York City," underscoring China's growing clout in finance and tech."We didn't dare to think about it five years ago, or even three years ago," Ma said, calling it"a miracle" that such a huge IPO can now take place in Hong Kong and Shanghai.

 

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So how much of Alibaba do you really own if you own this stock? 0%. I would buy this the first day and sell it the second and never look back. More garbage in the market.

Why?

China has never invaded any country in history, and has always appeared as a victim. Where does your hatred come from?

In his company staffs are forced to go 996 (start at 9 am end in 9 pm, 6 days a week), and without any bonus payments. This is how he get rich

is Hunter I’m on this one?

Biden loves China, another opportunity for Hunter Biden. Trumps children are campaigning for Trump, where is crooked Hunter Biden ?

With the deformed head!

Part of the reset sick

Millions of people have lost their jobs. Millions of people can no longer pay their rent. Millions of people can no longer buy food for their children. Should I applaud this tweet now?

Tony Bobulinski

If you looking for any Stationary Design then I am requesting you to please visit here

He’s a figurehead for the CCP.

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Jack Ma: Global banking rules are outdated, set by 'old people's club' - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. I see you Jack Ma 👀👀👀 Looking for Awesome Logo, Brochure, Flyer, Brand Identify, Business Card, Background Remover?Contact
Source: BusinessInsider - 🏆 729. / 51 Read more »

Jack Ma: Global banking rules are outdated, set by 'old people's club' - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. I see you Jack Ma 👀👀👀 Looking for Awesome Logo, Brochure, Flyer, Brand Identify, Business Card, Background Remover?Contact
Source: BusinessInsider - 🏆 729. / 51 Read more »

Ant Group closes Hong Kong book early due to strong demand for its record dual IPOAnt Group will close its Hong Kong institutional book building process a day earlier than expected due to strong demand for its record initial public offering (IPO),
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Slim pickings: Ant to pay bankers up to $198 million in fees for Hong Kong IPOChina's Ant Group will pay bankers selling its shares in Hong Kong up to $198 million in underwriting fees, its filings showed on Monday, in line with a trend of large issuers sharing a small portion of their fundraising with advisers. Must be a very rich ant Adding 'Group' to 'Ant' makes the tweet a little less surreal. Last Saturday Night’s Take Away cost them a fair whack!
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