Goldman Sachs joins syndicate on Ant Group $30 billion IPO

Goldman Sachs has joined the growing list of investment banks working on Chinese financial technology firm Ant Group’s initial public offering of up to $30 billion, as a joint lead manager on the Hong Kong leg.

Ant, backed by Chinese e-commerce giant Alibaba Group, plans to do a simultaneous listing in Hong Kong and Shanghai, in what sources have said could be the world’s largest IPO which will come as soon as October.