Ant Group filing for IPO gets approved by SSE - Breaking The News

Ant Group filing for IPO gets approved by SSE

18 September

1 min read

EPA-EFE/ALEX PLAVEVSKI

The Shanghai Stock Exchange (SSE) approved on Friday listing of the world's biggest fintech startup Ant Group for an Initial Public Offering (IPO).

Backed by Chinese technology company Alibaba and acting as a parent group of the Chinese mobile payment system Alipay, Ant group is valued at more than $1 billion.

The company filed for IPO in both Shanghai and Hong Kong in August this year and the target raise is reportedly expected to be around $225 billion, with a $30 billion IPO.

alibaba ipo sse Ant Group

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