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Finance

Ant Group wins Hong Kong clearance for $35bn IPO plan

Jack Ma-controlled finance platform still awaits notice from China regulator

While awaiting regulatory clearance, Ant Group has added banks, including Barclays and Bank of China International, to its initial public offering team.   © Reuters
NARAYANAN SOMASUNDARAM, Nikkei Asia chief banking and financial correspondent | China

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.

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