What Is Ant and What Is It Worth?

Ant Group Co.’s initial public offering is poised to break global records for total funds raised. The company became the world’s most valuable startup after a fundraising round in mid-2018 that valued it at $150 billion, and could raise more than $34 billion with its coming listings and earn a valuation well in excess of $300 billion. That would place it among the world’s most valuable technology companies.

Ant is going public at a later growth stage than other technology companies that are…

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