⁍ The mammoth dual listing for Chinese giant Ant Group will be the world’s biggest, according to a pricing determined on Friday night.

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⁍ Sources have said the listing could be worth $35 billion, surpassing the record set by Saudi Aramco’s $29.4 billion float last December.

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– Jack Ma says Alibaba’s planned initial public offering (IPO) of Chinese e-commerce firm Ant Group will be the biggest in human history. “It’s the first time that the pricing of such a big listing—the largest in human history—has been determined outside New York City,” the Chinese billionaire told a financial summit in Shanghai on Saturday, per Reuters. “We didn’t dare to think about it five years ago, or even three years ago. But a miracle just occurred.” Sources tell the Wall Street Journal that Alibaba and Ant are planning to sell stakes in both Hong Kong and Shanghai markets at the same time, a move that could raise up to $35 billion—more than Saudi Aramco’s $29.4 billion IPO last year—making Ant’s offering the biggest-ever IPO by a Chinese company. “Today’s financial system is the legacy of the Industrial Age,” Ma said. “We must set up a new one for the next generation and young people. We must reform the current system.”