Ant Group announces plans to list in Shanghai and Hong Kong
It becomes the latest in a trail of listings
ON JULY 20TH Ant Group, the financial-services arm of Alibaba, an e-commerce giant, announced its plans to list on the star market, the Shanghai stockmarket’s technology-focused board, and in Hong Kong. The offering could be huge—the firm was valued at $150bn in 2018. Ant would become the latest in a trail of listings on both venues this year, where the number of ipos has rivalled those on America’s Nasdaq.■
This article appeared in the Finance & economics section of the print edition under the headline “Ant Group goes to market”
Finance & economics July 25th 2020
- Banks lose out to capital markets when it comes to credit provision
- Unusually, copper and gold prices are rising in tandem
- Ant Group announces plans to list in Shanghai and Hong Kong
- A shift from paper to virtual cash will empower central banks
- Chapter 11 is no longer a haven for deadbeat debtors
- Why real-time economic data need to be treated with caution
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