Ant Financial, Alibaba’s financial affiliate, is seeking to raise capital for the second time in six months ahead of its planned initial public offering, the company said on Monday.
Hangzhou-based spokeswoman Miranda Shek declined to specify the renminbi amount being targeted or to provide an updated company valuation but said the second round of pre-IPO funding would see shares issued to both existing and new investors.
Bloomberg earlier in the day reported that Ant Financial wanted to raise another Rmb10 billion $1.5 billion at least.
Ant Financial, formerly known as Zhejiang Ant Small Micro Financial, completed an initial...
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