A spinoff from billionaire Jack Ma's Alibaba Group, Ant presents itself as a technology company, while financial regulators suggest the firm remains under their purview.
BEIJING/HONG KONG: China's Ant Group, about to make the biggest public sale of shares ever, poses a basic conundrum: what kind of company is it - a financial colossus or a tech giant?
That is important for investors before and after the initial public offering of $34.4 billion, surpassing Saudi Aramco's record $29.4 billion float last year. Shares are expected to start trading on Thursday in Shanghai and Hong Kong.
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