HONG KONG/SHANGHAI, Oct 25 (Reuters): China's Ant Group could raise up to US$17.3 billion in the Shanghai leg of the likely US$35 billion dual listing, the world's largest ever, after some large investors submitted bids in the range of 68-69 yuan per share, people with knowledge of the matter said.
The simultaneous listing in Hong Kong and Shanghai of the Chinese financial technology giant, backed by e-commerce behemoth Alibaba, would beat the previous largest IPO, Saudi Aramco's $29.4 billion float last December.
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