⁍ Ant is raising up to $34.4 billion in what would be the world’s largest market debut.

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⁍ It is selling 1.67 billion shares in Hong Kong to raise $17.24 billion.

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⁍ Ant did not immediately respond to a request for comment.

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– China’s second-largest e-commerce company plans to raise up to $34.4 billion in what would be the world’s biggest market debut ever—if demand for its shares is as high as expected, sources tell Reuters. The Beijing-based Ant Group plans to sell 1.67 billion shares in Hong Kong, at $10 per share, to raise $17.24 billion, according to a filing with the Hong Kong Stock Exchange. The company plans to list on the Hong Kong and Shanghai stock markets later this month.