Pricing for Chinese fintech giant Ant Group’s giant dual-listing was determined on Friday night, Alibaba founder Jack Ma said on Saturday. It is the first time pricing of the initial public offering, which sources have said could be a world record $35 billion, has been determined outside New York, he told the Bund Summit in the eastern financial hub of Shanghai. Backed by Chinese e-commerce giant Alibaba, Ant plans to list simultaneously in Hong Kong and on Shanghai’s STAR Market in the coming weeks. …read more
Source:: Yahoo Finance
