What Would Ant Financial’s Potential IPO Mean for Alibaba’s Investors?

What Would Ant Financial’s Potential IPO Mean for Alibaba’s Investors?

Alibaba's (NYSE: BABA) fintech affiliate Ant Financial could go public in Hong Kong soon, according to Reuters. The report, which cites two people familiar with the matter, claims Ant will sell 5% to 10% of its shares in the IPO, with a target valuation of over $200 billion. Ant was previously valued at $150 billion after its last funding round in 2018, making it the world's most valuable start-up.