Shanghai

ANT Group, the Chinese financial technology titan, is set to raise around US$34 billion when its shares begin trading in Hong Kong and Shanghai in the coming weeks, which would make its initial public offering the largest on record.

The company, the parent of the Alipay mobile payment service, priced its shares around US$10.30 apiece, according to documents released on Monday by stock exchanges in the two cities. At that price, the company would be worth around US$310 billion, a market value comparable to that of JPMorgan Chase and more than that of many other global banks.