The IPO is likely to value Ant Group at $313 billion. Many are asking what Ant Group is, how it has become so successful, and why it is worth so much. The rise of AlipayUnlike many emerging digital giants, Ant Group has been profitable from the get go. To offer expanded financial services, Ant Group has also developed a portfolio of tech capabilities including cloud and blockchain platforms. It is only by having become a digital enabler of all financial services that such a large IPO is now about to take place.

Source: Dhaka Tribune November 02, 2020 13:52 UTC