Ant Group to raise $34.5 billion in world's biggest IPO

Chinese fintech company Ant Group, an affiliate company of billionaire Jack Ma-led Alibaba Group, is set to raise $34.5 billion in its IPO in the coming weeks. It'll be the world's largest IPO, surpassing Saudi Aramco's IPO where the oil company raised over $29 billion. Ant Group shares have been listed on stock exchanges in Hong Kong and Shanghai.

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