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Exclusive | China’s Ant Group adds to list of financial advisers as world’s largest unicorn prepares for jumbo IPO
- CICC, Citigroup, JPMorgan and Morgan Stanley are sponsors of the Hong Kong share sale. CICC, China Securities are sponsors of the Shanghai leg
- Barclays, Bank of China International and ICBC International are joint bookrunners
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China’s Ant Group is adding to its list of financial advisers in preparation for launching its jumbo initial public offering in Hong Kong and Shanghai, according to people familiar with the matter.
The public markets debut of the world’s largest unicorn is a major fee event for bankers, given the offering is likely to be the largest on record. A role on the deal also shows the bankers are in a pole position to make a market in its shares and capture future business from Ant as it continues to grow and consume capital.
British headquartered Barclays has joined the exclusive club of bookrunners on the Hong Kong leg of Ant’s listing, alongside Chinese state-owned lenders Bank of China International and ICBC International, the people familiar said.
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The sponsors of Ant’s Hong Kong share sale are China International Capital Corporation (CICC), Citigroup, JPMorgan and Morgan Stanley, according to the prospectus that Ant lodged with the Hong Kong stock exchange. CICC and China Securities are joint sponsors and underwriters of the Shanghai leg of the IPO.
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Meanwhile, Goldman Sachs and Credit Suisse are among the global coordinators on the bumper share sale, the Post has previously reported according to people familiar. Credit Suisse is also a shareholder in Ant according to its prospectus. More banks may be added to the syndicate of advisers as the IPO preparations progress, the people said.
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