HONG KONG (Reuters) – China’s Ant Group
The company plans to list simultaneously in Hong Kong and on Shanghai’s STAR Market, in what could be the world’s largest IPO, surpassing the record set by oil giant Saudi Aramco (SE:)’s $29.4 billion float last December.
The person declined to be named as the matter was not public yet. Ant, which is backed by Alibaba (NYSE:) Group Holding Ltd (HK:), declined to comment.
IFR reported the development earlier.
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