Article taken from: www.ejinsight.com
Lion might be the king of animal kingdom but ant, as seen in the capital market, could vanish the lion. It is now offering shares in Hong Kong and Shanghai and its IPO is set to raise more than US$34 billion. No one is more excited than founder Jack Ma, who stands to crack into the world’s top 10 billionaire list next month after the hotly sought IPO is listed. […] Ant is also more than three times the market value of HSBC, known as the “lion” or “elephant” because of its dominance in the financial markets in Hong Kong in the past decades. […] In Hong Kong, the stock code is 6688, similar to its shareholder and sister company Alibaba Group (9988) , which also made history with its secondary listing in Hong Kong last November.
Click here to read the full article