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Goldman Sachs joins Ant's up to $30 billion IPO banking syndicate: Report

Ant, backed by Chinese e-commerce giant Alibaba Group, plans to do a simultaneous listing in Hong Kong and Shanghai

Goldman Sachs | Alibaba

Reuters  |  HONG KONG 

Goldman Sachs
Goldman Sachs. (Photo: Reuters)

By Julie Zhu, Kane Wu and Scott Murdoch

HONG KONG (Reuters) - 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 Group <9988.HK>, 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 declined to comment on the appointment. Ant also declined to comment.


(Reporting by Julie Zhu, Kane Wu and Scott Murdoch in Hong Kong; Editing by Sumeet Chatterjee and William Mallard)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Sat, September 05 2020. 11:19 IST