Ant, a subsidiary of the Chinese Alibaba Group, has obtained the approval of the China Securities Commission for listing on the Hong Kong Stock Exchange.
According to Arabiyanet, Ant must obtain the approval of the Authority to complete the procedures of the offering on the Shanghai Stock Exchange, noting that the company had submitted an application to be listed on the STAR board that Focuses on technology on September 22nd, according to Bloomberg.
It is reported that the company intends to raise 35 billion dollars by offering about 11 to 15% of its shares equally on the Hong Kong and Shanghai stock exchanges, noting that this offering is considered the largest of Its kind in history.
