Shanghai — Jack Ma’s Ant Group got the green light from China’s securities watchdog for its initial public offering in Shanghai, clearing another hurdle as the Chinese fintech giant tries to complete what could be the biggest share sale ever seen.
China’s securities regulator approved the listing on Shanghai’s Star market, according to a post on China Securities Regulatory Commission’s official Weibo account. Ant is seeking to raise $35bn in a dual listing and is said to have earlier won approval from the Hong Kong stock exchange for an IPO...
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