China's Ant Group prices Shanghai IPO at 68.8 yuan

HANGZHOU, Oct. 26 (Xinhua) -- China's Ant Group on Monday set the price for its initial public offering (IPO) on the Shanghai Stock Exchange at 68.8 yuan (about 10.26 U.S. dollars) per share, according to the official website of the stock exchange.

The group's mega dual-listing on the Shanghai Stock Exchange and the Stock Exchange of Hong Kong is believed to be the world's biggest IPO ever.

The group also set the price for the Hong Kong stock exchange at 80 HKD (about 10.32 U.S. dollars) per share.

Ant has a market value of 2.1 trillion yuan (about 318.5 billion U.S. dollars) based on its IPO price.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 18
Cxense type: free
User access status: 3

Did you find this article insightful?


100% readers found this article insightful

Next In World

New York City public schools will begin to reopen with weekly COVID-19 testing
Unexploded bomb unearthed in Vietnam's capital
NYC elementary schools to reopen one week later: mayor
Wisconsin counties finish recounts, Biden's lead reconfirmed
Mexico seeking extradition of former security chief from U.S. - newspaper
India regulators probe alleged AstraZeneca shot reaction, trial continues
Italy reports 20,648 new coronavirus cases, 541 deaths on Sunday
Iraqi foreign minister condemns killing of Iranian scientist - agency
1st LD-Writethru-China Focus: Tomb sheds light on ethnic fusion in ancient China
UN official condemns killing of 43 farmers in Nigeria

Stories You'll Enjoy