BEIJING: Jack Ma’s Ant Group is seeking to raise at least US$35bil in its initial public offering after assessing early investor interest, people familiar with the matter said, putting the Chinese fintech giant on track for a record debut sale.
Ant lifted its IPO target based on an increased valuation of about US$250bil, up from previous estimates of US$225bil, said the people, who asked not to be identified discussing private matters.
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