Alibaba fintech arm eyes record IPO with Hong Kong-Shanghai listing

Hong Kong (AFP) Sept 24, 2020

The financial arm of Chinese e-commerce titan Alibaba is planning the biggest IPO in history, raising as much as $35 billion in a joint listing in Hong Kong and Shanghai, a report said Thursday. And in a sign of Ant Group's confidence in the share sale, it will not seek cornerstone investors - large institutions that agree to hold the stock for an extended time to provide confidence and sta