Jack Ma’s Ant Group gets the green light from Chinese regulators for its Hong Kong IPO, a report says
- Date: 19-Oct-2020
- Source: Business Insider
- Sector:Financial Markets
- Country:Middle East
Jack Ma’s Ant Group gets the green light from Chinese regulators for its Hong Kong IPO, a report says
Chairman of Alibaba Group Holding Ltd. Jack Ma delivers a speech to participants during the 4th edition of the Viva Technology show at Parc des Expositions Porte de Versailles on May 16, 2019 in Paris, France.
Chesnot/Getty Images
Jack Ma's ANT Group has received approval from Chinese regulators for its Hong Kong part of its IPO, CNBC reported Monday. A confidential source told CNBC a hearing with the Hong Kong Stock Exchange is scheduled to take place Monday.The company filed for an IPO in Hong Kong and Shanghai in August. Bloomberg reported in September Ant Group is seeking a $250 billion valuation, likely making it the largest IPO ever. Visit Business Insider's homepage for more stories.
Chinese regulators have given Jack Ma's Ant Group the green light for its Hong Kong based IPO, CNBC said
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