EconomyMarkets

Goldman Sachs joins Ant’s up to $30 billion IPO banking syndicate, sources say By Reuters

2/2
© Reuters. FILE PHOTO: The ticker symbol and logo for Goldman Sachs is displayed on a screen on the floor at the NYSE in New York

2/2

By Julie Zhu, Kane Wu and Scott Murdoch

HONG KONG (Reuters) – Goldman Sachs (N:) has joined the growing list of investment banks working on Chinese financial technology firm Ant Group’s initial public offering of up to $30 billion, as a joint lead manager on the Hong Kong leg, two people with direct knowledge of the matter said.

Ant, backed by Chinese e-commerce giant Alibaba Group (N:) (HK:), plans to do a simultaneous listing in Hong Kong and Shanghai, in what sources have said could be the world’s largest IPO and come as soon as October.

A spokesman for Goldman Sachs declined to comment on the appointment. Ant also declined to comment.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.


Source link

Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button