Several corporates are set to exit the financial services provider in the biggest IPO in history, while parent company Alibaba will buy about $7.5bn of shares.
Ant Group, the financial services affiliate of China-headquartered e-commerce group Alibaba, confirmed today it will raise about $34.3bn in a dual listing in Hong Kong and Shanghai.
The company priced approximately 1.67 billion shares at RMB68.80 ($10.24 at current exchange rates) for the listing on the Shanghai Stock Exchange’s Star Market, and the same number at HK$80.00 ($10.32m) each for the Hong Kong offering.
The IPOs are set to take place on November 5 and would give Ant a market…
