9/23, 12:52 PM (Source: TeleTrader)
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Ant Group aims to raise $17B in HK portion of IPO

World's biggest fintech startup Ant Group said on Wednesday it aims to raise $17.5 billion in the Hong Kong portion of its forthcoming initial public offering (IPO).

The company submitted earlier its registration documents for IPO to the China Securities Regulatory Commission (CSRC) and is now aiming for a post-listing valuation of between $200 billion and $300 billion.

The company's filing for IPO was approved by the Shanghai Stock Exchange last week.

Breaking the News / TF