Ant Financial's IPO underlines US insto desire for China
US asset owners seeking diversification and returns in a low-yield environment will find it hard to disregard Chinese deals such as the mega Chinese IPO, despite political tensions.
American institutional investors appear ready to ignore increasingly heated political tensions between China and the US as they look to participate in major Chinese equity offerings and look to invest more into the country itself.
The latest testcase of this resolve promises to be the initial public offering of Ant Financial Group, valued at an estimated $200 billion. It is set to go public in Hong Kong in late October, and a handful of US private equity firms will feature among t…
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