Billions of dollars in earnings for investors by offering this company. Who are they?

A handful of foreign investors will raise billions of dollars from the initial public offering of Ant Group, which pumped money into the company about two years ago, which has bolstered the financial position of the company. Chinese company at the time and increased its valuation in global financial markets.

According to a Wall Street Journal report, a handful of foreign and wealthy investors and investment funds from outside mainland China injected around $ 10.3 billion into the Chinese giant in 2018, during the third cycle. financing to raise capital and the last before the initial public offering, which has become the largest in Date.

The US newspaper estimates the profits foreign and high net worth investors will earn from their investment in the Chinese giant about two years ago at around $ 8 billion.

Thanks to the generous round of funding that raised around $ 14 billion at the time with the inclusion of local investors, the company’s valuation has become the highest in the world in the technology company category.

The category of foreign investors who injected money into the company during this period includes a stake of at least $ 500 million each, and these are sovereign wealth funds like the Singapore sovereign wealth fund, Malaysia and Canada, in addition to private funds such as Silver Lake, Warburg Pincus and Carlyle Group.

According to the company’s prospectus, a number of other popular foreign funds such as BlackRock and Fidelity Investments have outstanding investments in the company, estimated at between $ 200 million and $ 500 million.

Among the wealthy foreigners who invested in the company about two years ago is famed Hong Kong billionaire Lee Ki-shing, as well as the son of Indonesian business icon Samuel Yen.

The shares of 40 foreign investors in the company are expected to double when trading in its shares begins later in early November, with the company’s market value reaching around $ 313 billion after the shares were sold, from around 150 billion. dollars only in 2018 after the end of the funding cycle at that time. .