Alibaba's financial services spinoff has officially filed for a dual listing in Shanghai and Hong Kong that could potentially raise $30bn.
Ant Group, the financial services affiliate of China-based e-commerce firm Alibaba, filed yesterday for a dual listing on the Hong Kong Stock Exchange and the Shanghai Stock Exchange’s Star Market.
A source close to the IPO process told the Financial Times the company is looking to sell as much as 15% of its shares at a valuation between $200bn and $300bn, potentially placing the size of the dual offering at up to $45bn, though it said in the filing…
