News Snapshot:
Ant 'plans US$17.5 billion Hong Kong IPO, no cornerstones' By Bloomberg Thursday, September 24, 2020, 10:22 By Bloomberg Jack Ma’s Ant Group Co. is seeking to raise US$17.5 billion in its Hong Kong share sale and won’t seek to lock in cornerstone investors, confident there will be plenty of demand for one of the largest equity deals in the financial hub, according to people familiar with the matter. The fintech giant has assessed investor interest, betting it can pull off the Hong Kong portion of the initial public offering without cornerstone investors that are often needed for large deals, according...
