Future Finance
Ant Group Wins China Approval for Hong Kong IPO Plan
- China securities commission gives green light for IPO hearing
- Jack Ma’s Ant is seeking Hong Kong listing hearing Monday
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Jack Ma’s Ant Group Co. won a key approval from the China Securities Regulatory Commission for its listing in Hong Kong, paving the way for what could be the world’s biggest initial public offering.
The Chinese regulator has given Ant a green light to seek a listing hearing with Hong Kong Exchanges and Clearing Ltd., according to a notice on the commission’s website. A Hong Kong hearing could happen as soon as Monday, according to people familiar with the matter, requesting not to be named because the information is private.