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ASX to slide; Boral to sell USG Boral stake for $1.4b – The Australian Financial Review

The ASX is set for a bleak start after a surge in virus cases triggered a global selloff overnight. Boral will sell its 50 per cent stake in USG Boral to Gebr Knauf,…

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Chinese financial technology giant Ant Group has set terms for a dual listing aimed at raising up to $34.4 billion from the world’s largest stock market debut, with investors scrambling for a piece of the fast-growing company.
The deal would value Ant at more than $US313 billion before a so-called greenshoe option for a 15 per cent overallotment of shares. At that valuation, Ant is worth more than Industrial and Commercial Bank of China, the world’s biggest bank by assets.
Jack Ma. Bloomberg
The…

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