AntGroup

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.