Alipay Owner Said to Plan Shanghai IPO

Alibaba is entitled to a third of Ant Financial's stake upon regulatory approval, with an option to receive 37.5% of pre-tax earnings or a one-time payment based on Ant Financial's valuation. Ant Financial is expected to go public in China, meeting listing requirements. This IPO could be the largest since 2010, with significant market impact due to its scale and influence.

What percentage of pre-tax earnings is Alibaba entitled to receive from Ant Financial before regulatory approval?

• 25%

• 37.5%

• 50%

• 75%

What was the widely expected listing location for Ant Financial before it decided to go public in China?

• Tokyo Stock Exchange

• London Stock Exchange

• New York Stock Exchange

• Emerging Industry Board

What is one of the main challenges Ant Financial faced regarding its listing in China?

• High listing fees

• Insufficient profitability

• Foreign ownership restrictions

• Lack of investor interest

How many years of profitability are required for a company to list in China according to current rules?

• 1 year

• 5 years

• 3 years

• 2 years

What makes Ant Financial's IPO potentially significant in the market?

• It involves a merger with another company.

• It could be the largest IPO since 2010.

• It is the first IPO to be listed on a new board.

• It is the first IPO of a financial company in China.