- Ant Group (NYSE:BABA) prices the Hong Kong arm of its dual IPO listing at $80 Hong Kong dollars ($10.32) per share. The Shanghai arm was priced at 68.8 yuan.
- The Hong Kong and Shanghai offerings are expected to list on November 5.
- The arms will each include 1.67B new shares and will raise $17.24B and $17.23B, respectively, for a $34.5 B deal and $313B market cap.
- The pricing officially makes Ant Group the world's largest IPO.
- Retired Alibaba chairman holds majority control of Ant and Alibaba holds a 32% stake. Alibaba plans to pick up 22% of the IPO shares.
- Check out the latest IPO news.