Future Finance
Ant Group Is Said to Pick CICC as Sponsor for its Shanghai IPO
- Ant said to weigh filing for dual listing as soon as August
- Billionaire Jack Ma’s Ant estimated to be worth $210 billion
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Ant Group, the parent of China’s largest mobile payment company, has picked China International Capital Corp. for its Shanghai initial public offering, adding to the broker’s role as a sponsor for its Hong Kong share sale, according to people familiar with the matter.
The Chinese investment bank has been selected as a sponsor, the people said, asking not to be named because the matter is private. Ant could submit its filing for a dual listing as soon as this month, another person familiar said.