The World’s Largest Potential IPO Is Under Threat

SourceBloomberg
SectorFinancial Markets
CountrySaudi Arabia

Contributors: Lulu Chen and Alex Millson Updated on October 13, 11:07 PM EDT What You Need To Know Billionaire Jack Ma’s Ant Group is said to be seeking a valuation of about $250 billion as it plans a dual listing in Hong Kong and Shanghai, which could raise at least $35 billion. The long-anticipated market debuts look set to break the previous record of $29 billion set by Saudi Aramco last year, and promises a windfall for staff, early backers and the bankers involved.But the Trump administration has cast a shadow over the mega-listing, which could come as soon ...read more...