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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.
Prosek Partners handles New York’s Tilray Brands, craft beer & cannabis operation, as it acquires BrewDog, a leading British independent beer producer in the UK, for $45M.
Brunswick Group handles Zurich Insurance as it agrees to buy UK-based Beazley specialty insurer in a deal valued at $11B.
FGS Global represents Brink’s as it agrees to acquire NCR Atleos, which relies on Collected Strategies, in a $6.6B cash & stock deal to create a leading fintech infrastructure company. (Updated)
A January article in O’Dwyer’s proposes that in 2026, the strongest financial brands will not simply tell compelling stories—they will “signal readiness.”
C Street Advisory Group is working the Chapter 11 filing of Axip Energy Services as it unloads its nearly all of its assets to deal with a heavy debt load.
