Ant Financial Revives IPO Plans

Ant Financial is seen as one of the world’s top fintech companies and is now reviving their plans for an IPO after shelving the listing a little over a year ago; according to sources who spoke to the FT Ant plans on a dual listing for its shares in Hong Kong and mainland China; Credit Suisse and China International Capital Corp are said to be involved in the early work on the deal; regulatory pressure has hit the Chinese fintech market hard in recent years, Ant has felt some of that pain and has continued to refer to the company as techfin which focused on technology services;” A dual listing in mainland China and Hong Kong would allow greater convenience to sell shares for both renminbi investors in Ant’s earlier funding rounds, as well as the dollar investors who invested in its latest funding round,” said one lawyer in Hong Kong who asked not to be named to the FT. Financial Times

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