Ant’s IPO Is Set to Make Group of Elite Insiders Very Rich
- Junhan and Junao entities own about half of the group
- At least 19 shareholders have stakes valued at over $1 billion
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It’s the hottest fintech in the world and it’s poised to go public in the coming months, unlocking vast riches for early investors and employees.
Ant Group, the online payment provider backed by Alibaba Group Holding Ltd. filed the prospectus for its initial public offering Tuesday, unveiling some of the people who stand to win big from the listing.