Ant Group is set to raise about $34 billion as shares are planning to trade in both Hong Kong and Shanghai next month, marking the most massive IPO in the world.
Ant Group on Oct. 21 received approval from the China Securities Regulatory Commission (CSRC) for its Shanghai IPO.
Chinese fintech giant Ant Group has won approval from China’s securities regulator for its initial public offering in Hong Kong.
China’s fintech giant Ant Group on Tuesday responded to the recent news about its IPO postponement due to securities regulator’s investigation, saying the listing process is proceeding in an orderly manner.
Last week, five newly-launched mutual funds consisting of strategically allocated shares from Ant Group’s upcoming initial public offering.
China’s biggest fintech unicorn Ant Group filed paperwork on Tuesday to dual-list in the Shanghai STAR Market and Hong Kong Stock Exchange (HKEX).
China Securities Co., Ltd. (CSC) and China International Capital Corporation Limited (CICC) finished pre-listing tutoring Alibaba’s affiliate Ant Group, which is shooting for an IPO later this year.
Chinese TechFin company Ant Group topped the Hurun Global Unicorn Index of 2020 with a valuation of 1 trillion yuan ($150 billion), according to Hurun Research Institute’s ranking of the world’s unicorns.
Last week, Ant Group announced that it sought to be co-listed in The Stock Exchange of Hong Kong and the Nasdaq-like STAR market in Shanghai Stock Exchange.