Deals
Alipay Owner Said to Plan Hong Kong IPO in First Half of 2017
- Alibaba’s finance affiliate said to rethink dual listing plans
- Ant Financial’s Shanghai listing said to face hurdles
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Alibaba Group Holding Ltd.’s finance affiliate is considering an initial public offering in Hong Kong in the first half of next year after running into regulatory hurdles for a dual listing that would have included Shanghai, according to people familiar with the matter.
Mainland China’s restrictions on stock options are discouraging Zhejiang Ant Small & Micro Financial Services Group Co. from its original plans for the dual listing, said the people, asking not to be named because the matter is private. A Shanghai IPO hasn’t been completely ruled out yet and the company could consider a mainland offering later, the people said.