By Amber Deter Ant Financial IPO rumors surfaced back in 2018. Two years later and the rumors are back. Investors have been waiting for this Alibaba affiliate to launch shares on the public markets. But can investors expect Ant Financial stock?
Here’s what we know…
Ant Financial IPO: The Business
Jack Ma, co-founder of Alibaba Group (NYSE: BABA), founded Alipay in 2004. It was a online payment platform. In 2013, Alipay overtook PayPal as the world’s largest mobile payment platform. And the next year, in 2014, Alipay rebranded as Ant Financial Services.
Now, Ant Financial offers a suit of financial services. It includes …read more
