21-10-2020 18:46 via uk.finance.yahoo.com

Ant Group to launch $35 billion IPO after final nod from China regulator

China's Ant Group has won the final nod from the country's top securities watchdog for the registration of its Shanghai offering, the regulator said on Wednesday, clearing the last regulatory hurdle for its $35 billion dual-listing.Ant, the fintech company backed by Chinese e-commerce group Alibaba Group Holding , plans to list simultaneously in Hong Kong and Shanghai in the coming weeks, sources have said.The listing could be the world's largest initial public offering, surpassing the record se
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