Saudi Arabia’s sovereign fund PIF is weighing a potential investment in the initial public offering of Chinese financial technology firm Ant Group, which could be the world’s biggest IPO, two sources familiar with the matter said.Ant, Alibaba Group Holding’s fintech arm and China’s dominant mobile payments firm, filed for a dual listing in Hong Kong and on Shanghai’s Nasdaq-style STAR Market last month.(Alibaba is the parent company of the South China Morning Post.)The offering size could reach…
from South China Morning Post https://www.scmp.com/tech/apps-social/article/3101094/saudi-arabias-sovereign-fund-pif-said-be-considering-investing-ant
Friday, September 11, 2020
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