Ant Group initiated the simultaneous listing of A and H shares and uploaded the prospectus on the Hong Kong Stock Exchange

Financial News

Written by: Zhang Weilun

2020-08-25 17:14

Ant Group has submitted a listing application to the Hong Kong Stock Exchange. Citi, JPMorgan Chase, Morgan Stanley, and CICC are the joint sponsors.

According to preliminary prospectus documents, Ant Group recorded 72.528 billion yuan in revenue in the first half of this year, and net profit was 21.92 billion yuan.

At the same time, Ant Technology Group shares have also applied for listing on the Science and Technology Innovation Board on the Shanghai Stock Exchange. Among them, the A-share IPO financing scale reached 48 billion yuan.

China Securities Regulatory Commission has received Ant Group's overseas listing application and the valuation may reach 225 billion US dollars

It is rumored that Ant Group will apply to the Hong Kong Stock Exchange to raise funds for a listing of 78 billion yuan in the shortest month

Ant Group IPO rumored to land on the Sci-tech Innovation Board in December as soon as possible

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