HONG KONG -- The Hong Kong stock exchange's listing committee has given the go-ahead for an initial public offering by China's Ant Group which could open for subscriptions next week and set a world record for size.
The company, which aims to raise about $35 billion in a dual listing in Hong Kong and on Shanghai's STAR Market, has yet to receive notification that its domestic IPO registration has been accepted by the China Securities and Regulatory Commission, however. Two people familiar with the transaction said they expect that notice to be issued this week.
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