Ant International Weighs $1 Billion Fundraising as It Prepares for Hong Kong Listing

Ant International, the Chinese fintech company that runs Ant Group’s overseas business, is weighing a major fundraising round.

Bloomberg reported on June 10, citing people familiar with the matter, that the company is considering raising about $1 billion. Ant International has approached existing shareholders including General Atlantic and Silver Lake to gauge their interest.

No final decision has been made. If the fundraising proceeds, Ant International could be valued at more than $10 billion, Bloomberg reported.

The fundraising could also lay the groundwork for a Hong Kong listing. Ant Group had prepared for an initial public offering in 2020, but Chinese regulators halted the plan, Bloomberg said. Ant International later established an independent board in 2024.

Ant International’s core business is Alipay+, its global payments service. The business generated $3 billion in revenue in 2024, and revenue rose about 25% from a year earlier, according to the report.

Regulatory uncertainty remains a risk. Ant Group’s valuation dropped sharply from $280 billion when its IPO was called off in 2020 to about $79 billion in 2023.