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.

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