Beijing gives initial nod to
revive Ant IPO
Ant aims to file preliminary prospectus as soon as July-sources
Ant needs CSRC's guidance on timing of prospectus filing-source
Ant says there is no plan to relaunch its IPO-statement
Warburg Pincus valued Ant at $180 bln at end-March-source
China's central leadership has given billionaire Jack Ma's Ant Group a tentative green light to revive its initial public offering (IPO)
Ant aims to file a preliminary prospectus for the share offering in Shanghai and Hong Kong as early as next month.
In a publicly released statement, Ant said there was no plan to relaunch its IPO, without elaborating.
It did not respond to Reuters request for comment on whether it had received a green light from Beijing.
The company's stock market listing was hastily shelved at the behest of Beijing in November 2020.
At the time, it was slated to be valued at around $315 billion and planned to raise $37 billion, which would have been a world record.
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