Ant Group Set To Break IPO Record
- The Money Trade
- Oct 24, 2020
- 1 min read
The Ant Group announced in a recent speech it will have the biggest Initial Public Offering in human history. Commercial Industry Bank of China currently holds the record at 19.1 billion. Ant is equivalent to America's PayPal or Square, as Alibaba is the equivalent of Amazon. Alibaba is a huge company with interest in the Ant Group, which they're going through some scrutiny from the Chinese government as they go through the IPO process. Should be a good long term buy, and Investors should keep the Ant Group on their watchlist. This stock will be especially good for Trade Options.
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