[Answer] The Chinese technology titan Ant Group, a sister company to the e-commerce giant Alibaba, is set to raise $34 billion in coming weeks in the largest initial public offering on record.\\Which company’s I.P.O. will it supplant?

Step 1 : Introduction to the question "The Chinese technology titan Ant Group, a sister company to the e-commerce giant Alibaba, is set to raise $34 billion in coming weeks in the largest initial public offering on record.\\Which company’s I.P.O. will it supplant? "

...1. Alibaba
2. Agricultural Bank of China\
3. Big Hit Entertainment
4. Saudi Aramco

Step 2 : Answer to the question "The Chinese technology titan Ant Group, a sister company to the e-commerce giant Alibaba, is set to raise $34 billion in coming weeks in the largest initial public offering on record.\\Which company’s I.P.O. will it supplant? "

Saudi Aramco:

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Saudi Arabia’s state-run oil company, Saudi Aramco, set an I.P.O. record when it went public last year, raising $29.4 billion. The next largest offering is that of Alibaba, which raised $25 billion when its shares started trading on the New York Stock Exchange in 2014. AgBank’s total was $19.2 billion when it went public in 2010 with listings in Hong Kong and Shanghai. \\Big Hit Entertainment, the Korean company that manages the K-pop group BTS, is nowhere near the top of the list. It raised just $840 million when it recently started trading in South Korea.\\Ant is the parent company of Alipay, a mobile payment service used by hundreds of millions of people in China that captures data about their spending. Ant says this information helps it offer loans, investments and insurance policies that suit people’s needs. \\The I.P.O. is expected to make Ant worth around $310 billion, a market value comparable to that of JPMorgan Chase and more than that of many other global banks.

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