Jack Ma’s Ant Financial raises the bar for an IPO

Its $14 billion fundraiser lifts expectations for the valuation of its hotly anticipated IPO. Private investors’ ability to pile into China’s fintech champion squeezes room for public investors to participate during the listing.

Alison Tudor-Ackroyd

June 08, 2018

The fintech giant controlled by billionaire Jack Ma, Ant Financial, said on Friday that it has raised $14 billion from investors, the largest ever private fundraiser on Crunchbase.

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