A gigantic US$35bil dual listing for Ant


The Chinese financial technology firm plans to list in Hong Kong and on Shanghai’s Star Market simultaneously in what could be the world’s largest initial public offering (IPO), surpassing Saudi Aramco’s US$29.4bil record set in December,

HONG KONG: Ant Group Co Ltd has received approval from China’s securities regulator for the Hong Kong leg of its US$35bil dual listing.

The Chinese financial technology firm plans to list in Hong Kong and on Shanghai’s Star Market simultaneously in what could be the world’s largest initial public offering (IPO), surpassing Saudi Aramco’s US$29.4bil record set in December, sources told Reuters.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business News

Cypark GCEO Datuk Daud Ahmad resigns
US producer prices increase more than expected in April
China strongly opposes U.S. tariff hikes, pledging measures to defend rights
Heineken keeps its guard up after posting encouraging 1Q24
Ringgit ends higher against greenback for third straight day ahead of US data
PM Anwar says to cut fuel subsidy at the ‘right time’
BCB buys land in Batu Pahat, Johor for RM83.71mil
MBSB appoints Shahnaz Farouque as new GCFO
PM Anwar says no to second casino in Malaysia
Teo Seng sees better productivity for 2024

Others Also Read