China regulator approves Ant Group’s HK IPO

China regulator approves Ant Group’s HK IPO

China’s securities regulator has approved financial tech firm Ant Group’s Hong Kong leg of a planned dual-listing worth about $35 billion, IFR reported on Monday citing unnamed people familiar with the matter.

Ant, backed by e-commerce giant Alibaba Group 9988.HK, BABA.N plans to seek listing approval from Hong Kong’s stock exchange on Monday and the China Securities Regulatory Commission will approve Ant’s Shanghai leg of the listing plan.

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