“Ant Group” the giant Chinese financial technology company by Jack Ma the founder of the “Alibaba” e-commerce platfrom is set to make the largest stock market debut yet.
The Chinese financial technology company is set to sell shares that are worth 34 billion dollars in the Shanghai and Hong Kong stock markets, taking the stock market debut record from “Saudi Aramco” with its 29.4 billion dollars shares.
According to the statements released by the “Ant Group” officials, the company plans to sell 1.67 shares in the Hong Kong stock market at 80 Hong Kong dollar (10.30 American dollars) each and another 1.67 shares in the Shanghai stock market at 68.80 yuan (10.30 American dollars) each.
It is noteworthy that the “Ant Group” company “Alipay” is the number one dominant online payment in China that replaced all the cash, cheques and credit cards with e-payment devices and apps.
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