Informed sources predicted that the Chinese company Ant Group would raise up to $ 17.3 billion from its Shanghai listing.
According to Arabiya Net, the value of potential shares from dual listing may reach $ 35 billion, which is the largest in the world at all, after some major investors submitted requests Between 68 and 69 yuan a share.
The dual Hong Kong and Shanghai listing of the Chinese financial technology giant, with the support of e-commerce giant Alibaba, would make Ant Group's IPO larger than the IPO Aramco, which reached $ 29.4 billion last December.
Alibaba founder Jack Ma said Saturday that pricing for the Shanghai segment of the IPO was decided on Friday, without revealing the price.
A source familiar with the matter told Reuters on Saturday evening that several major Chinese fund managers had bid to buy Ant shares in the Star Market, a market in Shanghai similar to the Nasdaq Stock Exchange, including Approximately 69 yuan ($ 10.32) per share.
and the informed sources requested that their names not be published as they are not authorized to speak to the media. Ant Group declined to comment on the price.
