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Shanghai ready to take global IPO crown as tech giants return home

Massive Ant Group debut expected to cap world-beating year

SHANGHAI/HONG KONG -- The Shanghai Stock Exchange led the world in cash raised through initial public offerings for the first nine months of this year, thanks to a wave of tech companies choosing to list in their home markets.

Listings on the bourse brought in 279 billion yuan ($41.7 billion) over that period, more than triple the total a year earlier. And with the mega-IPO of Alibaba Group Holding affiliate Ant Group coming next month, the market is poised to take the No. 1 spot on an annual basis for the first time since the 2008 global financial crisis.

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