Ant Group Is Said to Win China Approval for Hong Kong IPO Plan


Source: bnnbloomberg.ca bnnbloomberg.ca

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(Bloomberg) -- Jack Ma’s Ant Group Co. won a key approval from the China Securities Regulatory Commission for its listing in Hong Kong, paving the way for what could be the world’s biggest initial public offering, according to people familiar with the matter. The Chinese regulator has given Ant a green light to seek a listing hearing with Hong Kong Exchanges and Clearing Ltd. as soon as Monday, the people said, asking not to be identified as the information is private. Ant has already won approval from the Shanghai exchange for its onshore listing. The IFR reported the approval and...