Ant Group gets final approvals for its massive dual IPO and reveals share structure [MSNBC.com]
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
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Source: MSNBC.com
VIDEO1:3701:37Ant Group gets final nod from Chinese regulators for dual Hong Kong- listingSquawk Box AsiaGUANGZHOU, China — Ant Group has cleared the final regulatory hurdle for its massive initial public offering () with the pricing of its shares slated to be released within the next week.On Wednesday, the China Securities Regulatory Commission gave the green light for Ant Group's dual and Hong Kong listing to go ahead. That came after theHong Kong stock exchange also gave its approval for the offshore portion of the listingThe Chinese financial technology giant, which is 33% owned by Alibaba and controlled by founder Jack Ma, also updated its prospectus with information on the share structure.It will split its stock issuance equally across and Hong Kong, issuing 1.67 billion shares in each location. That amounts to 11% of its total outstanding shares post-. The number of shares could increase if the so-called overallotment option is exercised, depending on demand.Ant Group will n
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BABA
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- 2/23/24 - Form 20-F/A
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