Jack Ma's Ant Group to Seek USD 10 Bn IPO in Hong Kong in Few Weeks
According to local media, Chinese fintech and enterprise service unicorn Ant Group, a spinoff of retail giant Alibaba (BABA:NYSE), is accelerating its IPO process: the company is planning to file a prospectus in Hong Kong within one month.
Ant Group, formerly Ant Financial, was first found to be mulling over an offering in early August 2020. At the time, the industry sources said the firm would go public on Shanghai's Star Market and the Hong Kong Stock Exchange simultaneously.
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