HONG KONG -- The pending stock sale by China's Ant Group is shaping up to be one of the largest initial public offerings ever, though the company is expected to put only a stake of 10% to 15% on the market.
Alibaba founder confirms intent to slash half-ownership 'over time'
Alibaba co-founder Jack Ma arrives for a meeting with Thailand's Prime Minister Prayuth Chan-ocha in Bangkok in April 2018. © Reuters
HONG KONG -- The pending stock sale by China's Ant Group is shaping up to be one of the largest initial public offerings ever, though the company is expected to put only a stake of 10% to 15% on the market.