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Goldman Sachs joins Alibaba-backed Ant's IPO offering of up to $30 billion

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

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