Jack Ma prepares a record price for Ant Financial: it could be worth 225 billion

MILANO – The engines are warmed up for what promises to become the largest market landing operation ever. Ant Financial, the flagship of Jack Ma’s Alibaba galaxy, would be aiming for a valuation of $ 225 billion. The IPO could unlock in the next few weeks and, according to Bloomberg reports, the sources working on the dossier are aiming for up to $ 30 billion in proceeds from the sale of shares on the market.

If that milestone were reached, it would be the largest operation globally, beyond the record set by Saudi Aramco which stopped at $ 29.4 billion. Another significant fact: with 225 billion worth of value on the market, Ant Financial would be worth more than Goldman Sachs and Morgan Stanley combined.

Ant (formerly Alipay) has followed a development path from the fintech platform to the portal through which very broad spectrum financial services pass. In the last quarter ended March it was able to put together a profit of $ 1.3 billion.

Unlike what happened with Alibaba, which went public on Wall Street and then doubled its presence on the Hong Kong market, Ant Financial would aim for an all-Asian landing. Not a small sign, in times of geopolitical war between the two superpowers. Candidates to host the titles are in fact the Shanghai listings dedicated to technology companies and – again – that of Hong Kong. For the latter it would be the confirmation of a revenge season, following the regulatory changes that have returned to conquer the attention of Asian big techs.

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