In a few days, a company that we Westerners have never seen the color of, will be the subject of the largest IPO in history.
This is Ant Financial, a financial subsidiary of Chinese e-commerce giant Alibaba.
Ant - the ant - is about to raise $ 35 billion on the market;
an operation which should value the company around 250 billion dollars, or ten Crédit Agricole or a small JP Morgan.
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After the health crisis, the financial crisis?
These numbers don't just say the world's shift to China.
They also tell of the great misery of banks, outclassed in the heart and in the portfolio of investors by “fintechs”, the new financial companies born in the digital world.
The American Square weighs 80 billion dollars, the Dutch Adyen touches the 50 billion euros ... As for other areas of tech, the value of fintechs does not wait for the number of years, or even, most often, profits.
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