News Formal

Ant squashes some Asian investment bankers

  • 📰 Breakingviews
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 51%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Ant’s $20 bln IPO is set to shake up league tables. Citi gets a lift as an unexpected sponsor. Credit Suisse and Goldman are sidelined. In a region so dependent on equities fees, more than just egos will be bruised, says JennHughes13:

Chinese fintech giant Ant submitted documents on Aug. 25 for an initial public offering in Hong Kong and Shanghai.

It is expected to raise at least $20 billion, according to unnamed sources. Banks sponsoring the Hong Kong listing are Citigroup, JPMorgan, Morgan Stanley and China International Capital Corp.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 470. in CA

Canada Canada Latest News, Canada Canada Headlines