Ant Group and its advisers are getting creative as they attempt to score the world’s largest initial public offering amid a coronavirus pandemic as well as a first-of-its-kind simultaneous listing in Hong Kong and Shanghai.
Known for upending the financial industry across China with its easy-to-use payments app Alipay, the unicorn is now bringing its innovative culture to bear on capital-markets challenges such as meshing together the regulatory timetables and securities’ settlement cycles of two exchanges.
These are ultimately logistical and technical problems for Ant to crack or plan around as it steadily moves forward with its jumbo IPO. China’s regulators remain keen to help a national technology champion secure funding for growth, and investors are clamouring to own its shares.
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Ant’s solutions to the problems it encounters will smooth the path