Oct 19 (Reuters) - China's securities regulator has approved financial tech firm Ant Group's Hong Kong leg of a planned dual-listing worth up to $30 billion, IFR reported on Monday citing unnamed people familiar with the matter.
Ant, backed by e-commerce giant Alibaba Group 9988.HK, BABA.N plans to seek listing approval from Hong Kong's stock exchange on Monday and the China Securities Regulatory Commission will approve Ant's Shanghai leg of the listing plan, IFR reported.
(Reporting by Se Young Lee)
((email@example.com; follow me on Twitter @Rover829;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
In This StoryBABA
Latest Markets Videos
- White House says Walmart, FedEx, UPS to work 24/7 to ease supply bottlenecks for holiday season
- Chinese online brokers Futu and UP Fintech face regulatory risks - People's Daily website
- September, Third Quarter 2021 Review and Outlook
- PRECIOUS-Gold eases as inflation data fans policy tightening bets