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The World's Largest Ant - $225 billion
#1 · September 21, 2020, 12:09 PM
Bloomberg: "Ant could mark the biggest debut ever, topping Saudi Aramco record $29 billion IPO. The firm is targeting a valuation of about $225 billion, based on an IPO of about $30 billion. That would match BoA market cap and be twice of CITI. Only JPM is bigger"
Bloomberg: "Ant now gets a bulk of its revenue from providing quick consumer loans, fueling China’s growing consumer spending"
A really massive Ant.
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