Ant comes closer to jumbo listing as investors vie for $35bn deal

By Addison Gong, Jonathan Breen
22 Oct 2020

China’s Ant Group kicked off marketing for its Hong Kong and Shanghai dual listing on Thursday, the last stage before launching a possible $35bn IPO, set to be the world’s largest to date. The combined offering is already more than a third covered by onshore investors, with global buyers lining up for the rest. Addison Gong and Jonathan Breen report.

Ant, best known for its so-called super-app Alipay, is holding concurrent IPOs on the Hong Kong Stock Exchange and Shanghai’s Nasdaq-style Star Market.

The company got the green light for its Hong Kong listing on Monday from Hong Kong Exchanges and Clearing and the China Securities Regulatory Commission ...

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