China's Ant Group Co Ltd has won approval from the Hong Kong Stock Exchange for the offshore leg of its IPO, two sources said, clearing the last key regulatory hurdle to launch a dual-listing expected to be worth about $35 billion.
Backed by Chinese e-commerce giant Alibaba Group Holding Ltd , Ant passed the hearing with the exchange's Listing Committee on Monday, the sources said, speaking on condition of anonymity because the information is not public.
The fintech company plans to list simultaneously in Hong Kong and on Shanghai's STAR Market in the coming weeks, sources said, in what could be the