Skip to content
Subscriber Only

Jack Ma’s Ant Group Wants Tech Analysts to Help Cover Its Stock

  • Investors relations staff talked to at least seven brokerages
  • Ant is headed toward what could be biggest-ever public listing
Video player cover image

Aug. 25: Jack Ma’s Ant Group Files for IPO in H.K., Shanghai

Jack Ma’s Ant Group has told at least seven brokerages that it wants technology analysts to provide research coverage of its stock, according to people familiar with the discussions, as the company races toward what could be the world’s biggest initial public offering.

The informal request was delivered verbally by Ant’s investor relations division to at least five Chinese and two international securities firms, the people said, asking not to be identified as the matter is private. Ant, which is looking to raise about $30 billion in Hong Kong and Shanghai at a valuation of about $225 billion, declined to comment.