ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Finance

Ant's IPO plan: What to know about China's $200bn fintech king

Company controlled by Alibaba founder Jack Ma plans dual listing this year

Ant Group is planning a dual IPO as competition in China's digital payments market heats up. (Source photos by Reuters and AP)

HONG KONG -- Ant Group, the fintech affiliate of Chinese ecommerce titan Alibaba Group Holding, said on Monday that it will seek an initial public offering in Shanghai and Hong Kong. The Hangzhou-based fintech firm, valued at least $200 billion, aims to sell 10% of its shares through the dual listing, the Nikkei Asian Review has learned.

Here are five things to know about the company ahead of its planned IPO:

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more