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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.
FGS Global represents Copart as the online vehicle auction company acquires auto marketplace and data services business ACV, a Joele Frank client, in a deal valued at $1.9B.
BGR Group represents Noble Supply and Logistics as it files for Chapter 11 due to a change in its weapons support contract with the Defense Logistics Agency.
C Street Advisory Group is handling the Chapter 11 filing of LIV Golf following the move by Saudi Arabia’s Public Investment Fund to pull the financial plug on the League. (Updated)
Teneo handles Bamboo Insurance Services as the Midvale, UT-based marketer of homeowner policies files a Form S-1 statement with the SEC for an initial public offering.
FTI Consulting handles West Marine as the nation’s leading retailer of marine parts and accessories for boating, fishing and sailing enthusiasts emerges from Chapter 11 bankruptcy.
