Ant makes history with $34bn listing on HK, Star exchanges

Jonathan Breen

October 29, 2020 11:15 am

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Chinese financial technology company Ant Group has sealed the world’s largest ever IPO, raising $34.4bn from dual listings in Shanghai and Hong Kong. The company built two mammoth order books despite a turbulent week for equity markets globally — although that created serious challenges for bankers allocating the stock. Jonathan Breen reports.

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Topics

CITIC Securities Deutsche Bank JP Morgan Credit Suisse Equity IPOs Equity China Merchants Bank Co China China International Capital Corp ING Hong Kong SAR ICBC Asia Greater China Northeast Asia Asia Pacific DBS Citi Barclays Cartoon Mizuho Stifel Morgan Stanley Shanghai Pudong Development Bank BNP Paribas Emerging Markets Goldman Sachs

JB

Jonathan Breen

Equities editor GlobalCapital Asia