2. Ant Group raises $34 billion in world's largest IPO
Jack Ma's Ant Group has just pulled off the biggest share sale in history, marking a huge win for the Chinese tech champion and the country's stock market.
The tech company behind China's largest online payments platform priced its dual listing on the Hong Kong Stock Exchange and Shanghai's Star Market at 80 Hong Kong dollars ($10.32) and 68 yuan ($10.13) per share respectively, according to regulatory filings released Monday.
That means the initial public offering will raise over $34.1 billion and value the company at about $310 billion. The previous record for an IPOwas held by Saudi state oil company Aramco, which raised $29.4 billion when it issued shares on the Riyadh exchange last December.