Ant-Backed Snowball Finance Plans $300 Million U.S. IPO

Ant-Backed Snowball Finance Plans $300 Million U.S. IPO
Bloomberg
5/7/2021
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(Bloomberg) -- Snowball Finance Beijing Internet Information Technology Co., an online financial information portal that counts Ant Group Co. as one of its backers, is planning an initial public offering in the U.S., which could raise about $300 million, people with knowledge of the matter said.
The Beijing-based company, known as “xueqiu” in Chinese, is working with advisers on the proposed share sale, said the people, who asked not to be identified as the information isn’t public. Snowball plans to file for the IPO as soon as this month, according to one of the people.

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