The 6 largest IPOs in the history of global finance are all Asian, as this infographic from Statista shows. Four of them are Chinese.
Foremost among these mega-introductions is Ant Financial, the financial subsidiary of Alibaba Group. The initial public offering (IPO) of the company that runs the Alipay payments application could indeed fetch more than $ 34 billion, Statista said. Ant Financial’s first listing is scheduled for November 5 in Shanghai and Hong Kong.
Saudi Aramco’s IPO at the end of 2019 brought in a total of $ 29.4 billion after an increase in the number of initial shares. But the Saudi state-owned company had sold just under 2% of its capital, while Ant Financial expects 10 to 15% instead. The Chinese FinTech IPO will add a fourth Middle Empire company to the list of the largest IPOs in history.
Among the latest records to date, we find the parent company Alibaba, which raised $ 25 billion in 2014 when it went public in New York. The first American company, General Motors, is in seventh position, ahead of Visa (9th) and Facebook (11th). The only European figure in this ranking, Enel, is in 10th place. The African continent is not represented in this ranking which shows the omnipotence of China and Asia.
