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Sard Verbinnen & Co. represents Ant Group as it readies one of the biggest initial public offerings of 2020.
Founded in 2014 to process payments for Chinese e-commerce giant Alibaba, Reuters recently valued Ant at $200B.
Ant announced July 20 that it plans to list its stock on the Hong Kong and Shanghai stock exchanges.
“Becoming a public company will enhance transparency to our stakeholders, including customers, business partners, employees, shareholders and regulators,” Eric Jing, executive chairman of Ant, said in a statement.
Ant is China’s No. 1 mobile payments company. It has 900M users.
The company, which wants to be viewed as a technology rather than a financial one, changed its name from Ant Financial in June.
Interpublic posted a 5.1 percent drop in Q3 net revenues to $2.5B as CEO Philippe Krakowsky reports the final financial results of the publicly traded company.
Joele Frank handles Pine Gate Renewables as the Asheville, NC-based solar power development company declares Chapter 11 in the aftermath of Donald Trump’s cuts to wind & solar tax credits.
Stagwell CEO Mark Penn reports Q3 net revenues jumped 6 percent to $614.5M, a record performance for a non-political period. Operating income soared 45.7 percent to $60.9M.
Joele Frank works for Klöckner Pentaplast as the German maker of plastic films declares Chapter 11. A successful reorganization would slash its its corporate debt by $1.5B.
Teneo represents Metsera, the New York City biotech focused on weight-control products, which is subject to a bidding war between heavyweights Novo Nordisk and Pfizer.
