ON JULY 20TH Ant Group, the financial-services arm of Alibaba, an e-commerce giant, announced its plans to list on the star market, the Shanghai stockmarket’s technology-focused board, and in Hong Kong. The offering could be huge—the firm was valued at $150bn in 2018. Ant would become the latest in a trail of listings on both venues this year, where the number of ipos has rivalled those on America’s Nasdaq.

This article appeared in the Finance & economics section of the print edition under the headline “Ant Group goes to market”

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Via The Economist

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