Jack Ma's Ant Group sets aim for world's largest IPO

Alibaba affiliate files for stock sale on HKEX and STAR Market, targeting $30bn

NARAYANAN SOMASUNDARAM and COCO LIU, Nikkei staff writers

August 25, 2020 21:02 JST

Updated on August 25, 2020 22:37 JST

HONG KONG -- Ant Group, Alibaba's financial technology affiliate and operator of China's largest digital payment network, has filed to sell shares on the Hong Kong Stock Exchange and Shanghai's STAR Market in what is shaping up to be the world's largest-ever initial public offering.