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Ant Group, a subsidiary of BABA-SW (09988.HK), intended to fetch approximately US$30 billion through A+H listing, Caixin reported. If the fundraising amount was nailed, Ant Group's IPO will topple Saudi Aramco's US$29.4 billion.
With the listing preparation under brisk processing, Ant Group was expected to begin IPO arrangement in September or October, the report added.
AAStocks Financial News
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