Jack Ma’s Ant Group said to target $225b valuation in IPO

Jack Ma’s Ant Group said to target $225b valuation in IPO

Photographer: Anthony Kwan/Bloomberg

Billionaire Jack Ma’s Ant Group plans to file for dual listings in Hong Kong and Shanghai in the next few weeks, targeting a valuation of about $225 billion, people familiar with the matter said, in an effort to pull off the world’s largest initial public offering.