Ant targets dual Hong Kong, Shanghai IPOs for jumbo listing

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By Jonathan Breen
21 Jul 2020

Ant Group, the Chinese financial technology giant behind popular mobile payments app Alipay, has set in motion plans to go public through IPOs in Hong Kong and Shanghai, in what are set to be landmark deals for Asia's equity markets.

The Hangzhou-based startup, founded by Alibaba Group Holding’s Jack Ma, is aiming to run concurrent listings on the Shanghai Stock Exchange’s Nasdaq-style Star market and Hong Kong’s stock exchange, it said in a press release on Monday.

Ant, formerly known as Ant Financial, has not specified a size ...

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