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Jack Ma’s Ant Group Co. is set to raise almost $35 billion through initial public offerings in Shanghai and Hong Kong, which will rank the listing as the world’s biggest share sale ever.
The fintech giant priced its Shanghai stock at 68.8 yuan per share and its Hong Kong shares was priced at HK$80 each. Ant will be valued at about $280 billion before the IPO, and will raise about $34.5 billion from Shanghai and Hong Kong before exercising its green shoe option, according to the company's stock exchange filings Monday . . .
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