Ant Group Wins China Approval for Hong Kong IPO Plan

(Bloomberg) — Jack Ma’s Ant Group Co. won a key approval from the China Securities Regulatory Commission for its listing in Hong Kong, paving the way for what could be the world’s biggest initial public offering.The Chinese regulator has given Ant a green light to seek a listing hearing with Hong Kong Exchanges and Clearing Ltd., according to a notice on the commission’s website. A Hong Kong hearing could happen as soon as Monday, according to people familiar with the matter, requesting not to be named because the information is private.Ant still has to complete its registration for the Shanghai …read more

Source:: Yahoo Finance


Did you enjoy this article? Join our FREE Newsletter!
I agree to have my personal information transfered to MailChimp ( more information )
Join over 100,000 investors and business leaders worldwide. Get the latest actionable business and investing intelligence before the rest of the crowd.
We hate spam. Your email address will not be sold or shared with anyone else.