Goldman Sachs joins Alibaba-backed Ant's IPO offering of up to $30 billion
Ant, backed by Chinese e-commerce giant Alibaba Group, plans to do a simultaneous listing in Hong Kong and Shanghai, in what sources have said could be the world's largest IPO and come as soon as October
- Sep 5, 2020,
- Updated Sep 5, 2020 12:26 PM IST
Goldman Sachs has joined the growing list of investment banks working on Chinese financial technology firm Ant Group's initial public offering of up to $30 billion, as a joint lead manager on the Hong Kong leg, two people with direct knowledge of the matter said.
Ant, backed by Chinese e-commerce giant Alibaba Group, plans to do a simultaneous listing in Hong Kong and Shanghai, in what sources have said could be the world's largest IPO and come as soon as October.
A spokesman for Goldman Sachs declined to comment on the appointment. Ant also declined to comment.
Also read: Jack Ma's Ant Group files for IPO in Hong Kong, Shanghai; eyes $225 billion valuation
Goldman Sachs has joined the growing list of investment banks working on Chinese financial technology firm Ant Group's initial public offering of up to $30 billion, as a joint lead manager on the Hong Kong leg, two people with direct knowledge of the matter said.
Ant, backed by Chinese e-commerce giant Alibaba Group, plans to do a simultaneous listing in Hong Kong and Shanghai, in what sources have said could be the world's largest IPO and come as soon as October.
A spokesman for Goldman Sachs declined to comment on the appointment. Ant also declined to comment.
Also read: Jack Ma's Ant Group files for IPO in Hong Kong, Shanghai; eyes $225 billion valuation