China’s Ant wins Hong Kong nod for $35 billion dual listing, sources say

In this news, we discuss the China’s Ant wins Hong Kong nod for $35 billion dual listing, sources say.

HONG KONG (Reuters) – Ant Group Co Ltd of China [IPO-ANTG.HK] has secured approval from the Hong Kong Stock Exchange for the offshore portion of its IPO, two sources said, removing the last key regulatory hurdle to launch its dual listing which is expected to be worth around $ 35 billion.

Backed by Chinese e-commerce giant Alibaba Group Holding Ltd, Ant passed the hearing with the exchange’s listing committee on Monday, sources said, speaking on condition of anonymity as the information is not public. .

Ant and the Hong Kong Stock Exchange did not immediately respond to requests for comment.

Report by Julie Zhu, edited by Louise Heaven

Original © Thomson Reuters

Originally posted 2020-10-19 16:06:10.

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