Advisors Interested In Ant Group’s $35 Billion IPO Should Look To ETFs

SourceForbes
SectorEconomy
CountryGCC

When Alibaba founder Jack Ma created a financial payments company, he chose to call it Ant Group, perhaps playing on the tiny insect’s reputation for strength, determination and good luck. Brendan Ahern, Chief Investment Officer, KraneShares https://kraneshares.com/ With an estimated valuation of $250 billion, Ant Group has risen to become one of the biggest fintech companies in the world since its founding in 2014. Sometime in the next several weeks, Alibaba will take the digital payment company public in what is expected to the largest IPO ever, topping Saudi Aramco’s titanic $25.6 billion offering last year. “We are talking about the largest privately held firm globally and it is about to go public,” said Brendan Ahern, chief investment officer of KraneShares, a ...read more...