Ant may raise up to $17b in Shanghai IPO leg as investors submit bids

Ant may raise up to $17b in Shanghai IPO leg as investors submit bids

A Chinese customer uses Alipay to make a purchases at a store in Singapore. Alipay operator Ant Group has big plans for Southeast Asia. © AP

China’s Ant Group could raise up to $17.3 billion in the Shanghai leg of the likely $35 billion dual listing, the world’s largest-ever, after some large investors submitted bids in the range of 68-69 yuan per share, people with knowledge of the matter said.

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