Leading investors in Ant Shanghai IPO submit bids in 68-69 yuan per share

Some large Chinese fund managers have submitted bids in the range of 68-69 yuan per share for the Shanghai leg of the financial technology giant Ant Group's likely $35 billion dual-listing, people with direct knowledge of the matter said. Many of them have bid for the Ant shares for the domestic listing at the Nasdaq-style STAR Market in Shanghai at close to 69 yuan ($10.

32) apiece, one source said. Under local market rules, the final price for the initial public offering, which was decided on Friday but has not been disclosed.

This article is no longer available in our repository.

There could be multiple reasons for this.