Business
Giant Ant: Investors line up for the world’s biggest-ever stockmarket debut – Sydney Morning Herald
Investors scrambling for a piece of fast-growing Chinese financial technology giant Ant Group.
Announcing the deal terms on Monday, Ant said that large, strategic investors in the Shanghai tranche of the initial public offering (IPO) would include Singapore state investor Temasek Holding, as well as Singaporean and Abu Dhabi sovereign wealth funds GIC and Abu Dhabi Investment Authority.
Alibaba interest
It has earmarked 80 per cent of its domestic offering to 29 strategic investors that will be locked up for at least one year and will also include a wholly-owned unit of technology giant Alibaba…
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