Ant Group raises its IPO funding target to $35 billion: Reports

Jack Ma's Ant Group has increased its initial public offering (IPO) funding target to $35 billion after assessing early investor interest, reports said. China's Ant raised its target based on an increased valuation of $250 billion, reports added. Ant's simultaneous listing in Shanghai and Hong Kong may mark the biggest IPO to date, breaking Saudi Aramco's $29-billion record sale.