Note: This article is a premium article that first appeared on PatronHave made it available given the interest around the Ant Group IPO.

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Unless you were living under a rock the past few months, you’ve probably heard about the Ant Group IPO.

Very big, and very hot stuff.

It’s the largest IPO in the world to date, raising $34 billion USD, even more than the Saudi Aramco IPO.

It’s been covered to death by the media, so I won’t repeat what’s been said, but I’ll share some of my views here.

There’s a good article from the Nikkei if you want some background: https://asia.nikkei.com/Business/Business-deals/Ant-s-mega-IPO-Five-things-to-know-about-the-fintech-king

Prospectus is available here as well: https://www1.hkexnews.hk/app/sehk/2020/102484/documents/sehk20102101021.pdf

Pricing of the Ant Group IPO

The offering will be split evenly between HK and Shanghai:

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