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As the world's biggest fintech startup unicorn, which means a company valued at over 1 billion U.S. dollars, Ant Group's listing has been closely watched for years. It is also the parent company of China's leading mobile-payment business Alipay and majority-controlled by Alibaba's former chairman Jack Ma.
The giant
announced the move on July 20 and
filed for concurrent IPOs in both Shanghai and Hong Kong on August 25. It takes only 25 days from filing to approval, which marks the higher efficiency of the registration-based
STAR board(SSE Science and Technology Innovation Board).
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