Ant Group to set record market listing 
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Billionaire Jack Ma’s Ant Group blockbuster IPO – which could raise
$34.5 billion, blowing past the previous record set by Saudi Aramco – puts the fintech giant’s valuation at a dizzying $315 billion
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World’s largest initial public offerings ($ billions) 

Ant Group Oct-Nov 2020   34.5
Saudi Aramco  Dec 2019 29.4
Alibaba  Sep 2014 25.0
SoftBank Dec 2018 21.1
AIA Oct 2010 20.4
Visa Mar 2008 19.7
GM  Nov 2010 18.1
Enel  Nov 1999 17.4
ICBC Oct 2006 16.1
NTT Docomo Oct 1998 16.0
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Ant Group: Parent of Alipay, China’s most powerful online e-payment system
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Jack Ma: Alibaba’s founder will sell shares in Shanghai and Hong Kong
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$17,600 billion
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Alipay: Offers credit card, debit card, insurance and other financial services to 1.3 billion users – all on one single mobile platform
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Online payments processed by Alipay in 12 months to June 2020
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  Sources: Bloomberg, New York Times Picture: Associated Press © GRAPHIC NEWS