24.1 C
New York
Sunday, August 1, 2021

Alibaba’s Ant Group files for blockbuster dual listing in Hong Kong, Shanghai

Must read

Bolsonaro backers push for change to Brazil’s voting system

World7 minutes ago (Aug 01, 2021 06:36PM ET) 5/5 (C) Reuters. Supporters of Brazilian President Jair Bolsonaro pray during a protest calling for a printed and...

Square to buy Afterpay for $29 billion as buy now, pay later booms

Stock Markets8 minutes ago (Aug 01, 2021 06:35PM ET) (C) Reuters. FILE PHOTO: A logo for the company Afterpay is seen in a store window...

Square reports over 143% jump in revenue in Q2

Stock Markets18 minutes ago (Aug 01, 2021 06:25PM ET) (C) Reuters. FILE PHOTO: Jack Dorsey, CEO of Square and CEO of Twitter, uses his phone...

Tunisian president says in contact with ‘friendly countries’ to cut deficit

Economy23 minutes ago (Aug 01, 2021 06:20PM ET) 2/2 (C) Reuters. FILE PHOTO: A general view shows the commercial port of Rades in Tunis, Tunisia, May...
imageTechnology18 minutes ago (Aug 25, 2020 05:25AM ET)

(C) Reuters. The logo of Ant Financial Services Group is pictured at its headquarters in Hangzhou

HONG KONG (Reuters) – Ant Group, Alibaba (NYSE:BABA)’s fintech arm and China’s dominant mobile payments firm, on Tuesday filed for a dual listing in Hong Kong and on Shanghai’s Nasdaq-style STAR Market which could raise as much as $30 billion and become the world’s largest IPO ever.

Ant’s initial public offering would be the first simultaneous listing in Hong Kong and the year-old STAR Market, and help both bourses boost their status as capital market centres.

Ant, already the world’s most valuable unicorn – or billion-dollar unlisted tech firm – did not disclose the size, timetable or other key details of the offering in its preliminary prospectus.

Ant did not immediately respond to a request for comment on its IPO details.

Alibaba’s Ant Group files for blockbuster dual listing in Hong Kong, Shanghai

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

- Advertisement -

Latest article

Bolsonaro backers push for change to Brazil’s voting system

World7 minutes ago (Aug 01, 2021 06:36PM ET) 5/5 (C) Reuters. Supporters of Brazilian President Jair Bolsonaro pray during a protest calling for a printed and...

Square to buy Afterpay for $29 billion as buy now, pay later booms

Stock Markets8 minutes ago (Aug 01, 2021 06:35PM ET) (C) Reuters. FILE PHOTO: A logo for the company Afterpay is seen in a store window...

Square reports over 143% jump in revenue in Q2

Stock Markets18 minutes ago (Aug 01, 2021 06:25PM ET) (C) Reuters. FILE PHOTO: Jack Dorsey, CEO of Square and CEO of Twitter, uses his phone...

Tunisian president says in contact with ‘friendly countries’ to cut deficit

Economy23 minutes ago (Aug 01, 2021 06:20PM ET) 2/2 (C) Reuters. FILE PHOTO: A general view shows the commercial port of Rades in Tunis, Tunisia, May...

Pro traders look for this classic pattern to spot Bitcoin price reversals

Sign In/Free Sign Up 0 Cryptocurrency23 minutes ago (Aug 01, 2021 06:20PM ET) Pro traders look for this classic pattern to spot Bitcoin price...