Ant Group, Alibaba’s fintech arm and China’s dominant mobile payments firm, filed on Tuesday for a dual listing in Hong Kong and on Shanghai’s Nasdaq-style STAR Market which could raise as much as $30 billion and become the world’s largest IPO ever. Ant’s initial public offering would be the first simultaneous listing in Hong Kong and the year-old STAR Market, boosting Hong Kong’s status as an international IPO market and helping enhance STAR as a capital markets centre. …read more
Source:: Yahoo Finance
