Ant Group’s international business, Ant International, is considering raising roughly $1 billion to support its expansion, according to people familiar with the matter cited by Bloomberg and repeated by PYMNTS. The reports say Ant International is gauging investor interest for a potential funding round, with details still subject to change. One outlet reports that the company is exploring a transaction that could value Ant International at about $10 billion or higher, based on feedback and indications from investors. The sources describe the fundraising as aimed at accelerating growth for Ant’s overseas operations. No final decision, timing, or terms for the round are provided in the available reports. The information is presented as preliminary and based on discussions with potential investors rather than an announced offering. Ant Group and Ant International are not described as having made a formal public statement in the excerpts provided.
Ant International considers raising about $1 billion for growth
Ant Group’s international business, Ant International, is considering raising roughly $1 billion to support its expansion, according to people familiar with the matter cited by Bloomberg and repeated...
- Ant International is considering raising about $1 billion to support its growth.
- The reports say Ant International is gauging interest from investors for a potential round.
- One report indicates the round could value Ant International at about $10 billion or higher.
- The information is based on people familiar with the situation and presented as preliminary.
- No final fundraising terms, timing, or approval status is reported in the excerpts.
Ant Group’s international arm is reportedly considering a $1 billion fundraise to speed growth. That’s according to a report Wednesday (June 10) from Bloomberg News, citing sources familiar with the matter who say the FinTech has been gauging interest from investors in a round that could value Ant International at $10 billion or higher. […] The post Ant Group Looks to Raise $1 Billion For International Growth appeared first on PYMNTS.com.
2 months agoAnt Group Co.’s international business is considering raising about $1 billion to accelerate growth, according to people familiar with the situation.
2 months ago
Meta agrees to multistate settlement over alleged social media harms to children
Meta reaches a multistate settlement with U.S. states over allegations that it designed Facebook and Instagram to be add...
Apple sets Sept. 9 iPhone event, expected to debut foldable phone under new CEO John Ternus
Apple is holding its next iPhone launch event on September 9, according to company executive Greg Joswiak, who announces...
IDC estimates Apple’s foldable iPhone could ship over 10 million units in its first year
Apple’s planned foldable iPhone is expected to generate more than 10 million shipments in its first year, according to I...