Alibaba-spinoff Ant Group is set to become the biggest flotation of all time when it launches in this year, potentially raising US$35 billion, while investors are still awaiting Airbnb’s move public before the end of 2020. Despite the global pandemic and extreme stock market volatility earlier in the year, investor appetite for new issues seems as keen as ever: cloud software company Snowflake (SNOW) launched at US$120 on September 16 but doubled in the first few days as a public company.
U.S. Tech Boom
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