News Snapshot:
Jack Ma’s Ant Group Co. 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 its share sale before the U.S. election. 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 said to have earlier won approval from the Hong Kong stock exchange for an IPO. The Hangzhou-based company is seeking to raise $35 billion in a dual listing, with about half coming in Hong Kong and the other...
