Jack Ma’s Ant gets final approval for $35bn IPO in Shanghai


Source: businesslive.co.za businesslive.co.za

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Companies Jack Ma’s Ant gets final approval for $35bn IPO in Shanghai 21 October 2020 - 22:03 Lulu Yilun Chen Employees work at the reception desk of Ant Financial Services headquarters in Hangzhou, China. Picture: REUTERS/SHU ZHANG Shanghai — Jack Ma’s Ant Group 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 what could be the biggest share sale ever seen. 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....