Chinese financial technology giant Ant Group Co. said investors in mainland China have committed to purchasing more than a third of the shares it plans to sell in a pair of blockbuster initial public offerings, as the company prepares to raise tens of billions of dollars for its long-awaited market debuts. Ant, the operator of popular payments and lifestyle app Alipay, on Wednesday submitted updated regulatory filings to stock exchanges in Shanghai and Hong Kong, after receiving a final nod from the China Securities Regulatory...

Source: Wall Street Journal October 21, 2020 16:03 UTC