Hong Kong — In the initial list of four sponsors for Ant Group’s mega initial public offering (IPO) in Hong Kong, one bank’s name was conspicuously missing: Alibaba’s go-to bank, Credit Suisse.
Credit Suisse Group has been fighting for a big role in the offering and Ant is leaning towards naming them as a joint global co-ordinator for its Hong Kong listing, which could raise about $10bn, according to people familiar with the matter, who asked not to be identified as the information is private...
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