Ant Group aims to split the share offering evenly between Hong Kong and Shanghai, selling up to 1.67 billion on each exchange. Ant Group has won the final nod from China's securities watchdog for the registration of its Shanghai offering, the regulator said on Wednesday, clearing the last regulatory hurdle for its US$35 billion dual-listing, Reuters reports. Ant, the fintech company backed by Chinese e-commerce group Alibaba Group Holding plans to list simultaneously in Hong Kong and Shanghai in the coming weeks, sources have said. Ant is set to conduct price consultations for the Shanghai offering on Friday and will set the price on October 26 as per its updated prospectus filed with the local exchange. The fintech group aims to split the share offering evenly between Hong Kong and Shanghai, selling up to 1.67 billion on each exchange.

Source: The Standard October 22, 2020 04:41 UTC