News

Goldman Sachs joins Ant’s up to $30 billion IPO banking syndicate, sources say

Goldman Sachs has joined the growing list of investment banks working on Chinese financial technology firm Ant Group’s initial public offering of up to $30 billion, as a joint lead manager on the Hong Kong leg, two people with direct knowledge of the matter said.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

Ant, backed by Chinese e-commerce giant Alibaba Group, plans to do a simultaneous listing in Hong Kong and Shanghai, in what sources have said could be the world’s largest IPO and come as soon as October.

Ticker Security Last Change Change %
GS GOLDMAN SACHS GROUP INC. 210.94 +3.38 +1.63%

A spokesman for Goldman Sachs declined to comment on the appointment. Ant also declined to comment.

CLICK HERE TO READ MORE ON FOX BUSINESS

(Reporting by Julie Zhu, Kane Wu and Scott Murdoch in Hong Kong; Editing by Sumeet Chatterjee and William Mallard)

Read More

READ MORE:   Warren Buffett's $90 billion Apple stake is now 43% of Berkshire Hathaway's entire stock portfolio

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close