Hong Kong ·
Ant International in talks for $1B round that could value it above $10B ahead of a 2026 HK IPO
Existing shareholders General Atlantic and Silver Lake are among those in discussions to participate in the Singapore-incorporated fintech unit’s pre-IPO round, which analysts say could support an $8–24B Hong Kong listing.
A pre-IPO round with General Atlantic and Silver Lake — both already existing shareholders — participating is a common pattern ahead of a major Asian listing: it lets insiders top up their positions (or set a fresh reference price) before the IPO itself does the work of full price discovery.
The wide $8–24B range analysts are floating for the eventual Hong Kong listing shows how much uncertainty still surrounds fintech valuations coming out of mainland China-linked structures, even for a business as large as Ant's international arm.
Source: KuCoin News (citing Caixin) ↗