Ant Group, the online payments provider that could be described as the Asian equivalent of PayPal, is preparing for what some are predicting will be the biggest initial public offering in history.
Parent company Alibaba Group is set to float the company on the Hong Kong Stock exchange early next month, according to Reuters.
Ant’s Alipay app has more than 700 million users across Asia and processed $17 trillion in transactions in the 12 months to June this year, reports Bloomberg. [Read more…] about Ant Group prepares for ‘biggest IPO in history’