BABA
Ant Group wins Chinese OK for Hong Kong listing plan
- Fintech Ant Group (NYSE:BABA) has won its approval from the China
Securities Regulatory Commission for a Hong Kong listing, Bloomberg
reports
- a key green light for what could be the world's biggest initial public
offering.
- That means Jack Ma's Ant can seek a listing hearing with Hong Kong
Exchanges and Clearing as soon as Monday (it's currently 10:11 a.m. on
Monday in Hong Kong); it's already won approval for its onshore listing.
- The approval relieves some tension that its late coming meant hurdles
for the IPO. On Friday, the news service reported that Ant could raise
about $35B in its dual listing, a valuation of at least $280B.
- The company is planning to issue new stock equal to about 11-15% of
outstanding shares, and split the float evenly between Shanghai and Hong
Kong.
|Yesterday, 10:11 PM|18 Comments
Ant Group wins Chinese OK for Hong Kong listing plan
- Fintech Ant Group (NYSE:BABA) has won its approval from the China
Securities Regulatory Commission for a Hong Kong listing, Bloomberg
reports
- a key green light for what could be the world's biggest initial public
offering.
- That means Jack Ma's Ant can seek a listing hearing with Hong Kong
Exchanges and Clearing as soon as Monday (it's currently 10:11 a.m. on
Monday in Hong Kong); it's already won approval for its onshore listing.
- The approval relieves some tension that its late coming meant hurdles
for the IPO. On Friday, the news service reported that Ant could raise
about $35B in its dual listing, a valuation of at least $280B.
- The company is planning to issue new stock equal to about 11-15% of
outstanding shares, and split the float evenly between Shanghai and Hong
Kong.
|Yesterday, 10:11 PM|18 Comments
Comments
Post a Comment