Ant Financial said to plan initial public offering in HK in first half of 2017
By Bloomberg | China Daily | Updated: 2016-08-26 08:39
Alibaba Group Holding Ltd's finance affiliate is considering an initial public offering in Hong Kong in the first half of next year, after running into regulatory hurdles for a dual listing that would have included Shanghai, according to people familiar with the matter.
Chinese mainland's restrictions on stock options are discouraging Zhejiang Ant Small & Micro Financial Services Group Co from its original plans for the dual listing, said the people, asking not to be named because the matter is private.
A Shanghai IPO hasn't been completely ruled out yet and the company could consider a mainland offering later.
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