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Ant Group Set for World’s Largest IPO Despite Material Risks to Investors

Ant Group Set for World’s Largest IPO Despite Material Risks to Investors
People watch on a giant screen set outside the venue at the Paris Expo of Portes de Versaille, Chinese Alibaba group CEO Jack Ma speaking during the Vivatech startups and innovation fair, in Paris on May 16, 2019. ALAIN JOCARD/AFP via Getty Images
Emel Akan
Emel Akan
Reporter
|Updated:

WASHINGTON—Ant Technology Group launches its initial public offering (IPO) with a record share sale this week amid concern over national security and the company’s involvement in human rights abuses.

The company is set to raise about $34.5 billion in its dual public listing in Shanghai and Hong Kong. This would mark the biggest IPO of all time, surpassing the previous record set by Saudi Aramco’s $29 billion listing. Ant’s shares are expected to start trading on Nov. 5.
Emel Akan
Emel Akan
Reporter
Emel Akan is a senior White House correspondent for The Epoch Times, where she covers the policies of the Trump administration. Previously, she reported on the Biden administration and the first term of President Trump. Before her journalism career, she worked in investment banking at JPMorgan. She holds an MBA from Georgetown University.
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