Goldman Sachs joins Ant's up to $30 billion IPO banking syndicate: Report

Topics Goldman Sachs | Alibaba


By Julie Zhu, Kane Wu and Scott Murdoch HONG KONG (Reuters) - 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.

Ant, backed by Chinese e-commerce giant Alibaba Group <9988.HK>, 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.....

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