Last Updated on October 20, 2020 by admin
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The Ant Group Co. emblem and the Alibaba Group Holding Ltd. emblem are displayed behind a reception desk on the firm’s headquarters in Hangzhou, China, on Monday, Sept. 28, 2020.
Qilai Shen | Bloomberg | Getty Pictures
GUANGZHOU, China — Ant Group has acquired approval from the Hong Kong inventory alternate for its highly-anticipated preliminary public providing (IPO), clearing the final main regulatory hurdle earlier than its itemizing, CNBC has confirmed.
The Chinese language expertise big handed a listening to with the alternate on Monday, an individual conversant in the matter mentioned. Reuters first reported the information.
Now Ant Group must file a registration with the Chinese language regulators earlier than continuing with a roadshow and the eventual pricing of the IPO, the individual, who most popular to stay nameless as they don’t seem to be approved to talk publicly, added.
Ant Group declined to remark when contacted by CNBC. The Hong Kong inventory alternate was not instantly accessible for remark.
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