s
Global EditionASIA 中文双语Français
Business
Home / Business / Companies

Ant Group sets share price for Shanghai listing

By He Wei in Shanghai | chinadaily.com.cn | Updated: 2020-10-26 21:34
Share
Share - WeChat
[Photo/chinadaily.com.cn]

Ant Group set the price at 68.8 yuan ($10.27) per share for the Shanghai tranche of its dual share-floating plan, the company said in a filing to the Shanghai Stock Exchange on Monday.

The financial technology giant is set to raise some 115 billion yuan ($17.15 billion) from the Shanghai leg of the concurrent listing (with Hong Kong being another bourse), one step closer to securing the biggest initial public offering in China.

And this has not taken into account the up to 15 percent more shares eligible to be purchased by its underwriters, known as a greenshoe.

Ant also set the price for the Hong Kong part of the listing at HK$80 ($10.32) per share. That roughly translates to similar sums of capital set to be raised from Shanghai.

The amount is also due to eclipse the $29.4 billion of shares by Saudi Aramco, in what is to date the largest-ever IPO worldwide.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE