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China's Ant Group prices Shanghai IPO leg at 68.8 yuan per share

Credit: REUTERS/ALY SONG

China's Ant Group Co Ltd on Monday set the pricing for the Shanghai leg of its mega dual-listing at 68.8 yuan ($10.27) per share, the company said in a filing to the local exchange.

HONG KONG, Oct 26 (Reuters) - China's Ant Group Co Ltd 688688.SS on Monday set the pricing for the Shanghai leg of its mega dual-listing at 68.8 yuan ($10.27) per share, the company said in a filing to the local exchange.

Ant plans to sell 1.67 billion shares in the Shanghai float, which is set to be the biggest initial public offering (IPO) in China, eclipsing Agricultural Bank of China's 601288.SS $10.1 billion float in 2010, according to Refinitiv data.

Ant also set the price for the Hong Kong tranche at HK$80 ($10.32) per share.

(Reporting by Julie Zhu; Editing by Kirsten Donovan)

((julie.zhu1@thomsonreuters.com; +852 2843 6519; Reuters Messaging: julie.zhu1.thomsonreuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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