Financial Digest

Goldman Sachs joins syndicate for Ant IPO of up to $30 billion, say sources

  • 📰 Reuters
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 97%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

Goldman Sachs has joined the growing list of investment banks working on Chinese financial technology firm Ant Group's mammoth initial public offering of up to $30 billion, two people with direct knowledge of the matter said.

), plans to list simultaneously in Hong Kong and Shanghai, in what sources have said could be the world’s largest IPO and come as soon as October.

Wall Street major Goldman Sachs has been hired as a joint lead manager on the Hong Kong leg of the IPO, said the people, who declined to be named as they were not authorised to speak to the media on this subject. A spokesman for Goldman Sachs, which also acted as a joint lead manager on Alibaba’s $12.9 billion secondary listing in Hong Kong last year, declined to comment.The IPO of Ant, already the world’s most valuable unicorn - or billion-dollar unlisted tech firm - would be the first simultaneous listing in Hong Kong and Shanghai’s year-old STAR Market.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Risky

There’s no private multinational companies in CCPChina. Huawei, Tencent, Alibaba and Ant, are all part of the People’s Liberation Army. GoldmanSachs is assisting PLA to raise funds for CCP to oppress its people, while pocketing billions of fees.Shameful & needs to be punished.

Tom_Fowdy Memo to GOP: Decoupling does NOT look like this

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Exclusive: Goldman Sachs joins Ant's up to $30 billion IPO banking syndicate, sources sayGoldman Sachs 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. Oh?
Source: Reuters - 🏆 2. / 97 Read more »

Malaysia Drops Goldman Sachs Criminal Charges Over 1MDBMalaysia has dropped criminal charges against units of Goldman Sachs over the bank’s role in the alleged theft of billions of dollars from a government investment fund, a key step under the terms of a recent $3.9 billion settlement. Pressure?
Source: WSJ - 🏆 98. / 63 Read more »

Exclusive: Goldman Sachs joins Ant's up to $30 billion IPO banking syndicate, sources sayGoldman Sachs 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. Oh?
Source: Reuters - 🏆 2. / 97 Read more »