17+ Will Alibaba Benefit From Ant Ipo Pictures. Alibaba to gain from ant financial ipo. Ant's ipo is said to have drawn interest from strategic investors including singapore's sovereign wealth fund gic pte, temasek holdings pte and china's $318 billion national council for social security fund.
Alibaba's stock is undervalued an initial public offering (ipo) refers to the process of offering shares of a private corporation to the public in.
Published tue, jul 21 20202:08 am edt. Since very few chinese had debit or credit cards in alibaba's early years, the company needed to create its own version. The owner of the popular payments and lifestyle app alipay on tuesday filed listing documents for ipos on stock exchanges in shanghai and hong kong. The ipo shares deal helps alibaba prevent the dilution of its stake after ant goes public.