Ant Group reportedly plans IPO, blockchain firm discloses offer price on Nasdaq By Cointelegraph

NFP Preview: 'Good News Is Bad News' May Not Work This Time

Ant Group reportedly plans IPO, blockchain firm discloses offer price on Nasdaq

Published Jul 26, 2023 05:32AM ET Updated Jul 26, 2023 08:00AM ET

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Ant Group reportedly plans IPO, blockchain firm discloses offer price on Nasdaq

Ant Group, a company backed by billionaire Jack Ma, is reportedly planning to restructure and cut ties to some operations that are not core parts of its Chinese financial business. The move prepares the company for a potential initial public offering (IPO) in Hong Kong.

Citing anonymous sources, mainstream media outlet Bloomberg reported that the firm relayed to its shareholders that the company is looking to leave its blockchain database management out of a main entity, which will then be applying for a financial holding license in China.

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