⁍ Some large Chinese fund managers have submitted bids in the range of 68-69 yuan per share for the Shanghai leg of the financial technology giant Ant Group’s likely $35 billion dual-listing, people with direct knowledge of the matter said.

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⁍ Many of them have bid for the Ant shares for the domestic listing at the Nasdaq-style STAR Market in Shanghai at close to 69 yuan ($10.32) apiece, one of the sources said.

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⁍ The expected $35 billion listing in Hong Kong and Shanghai of Ant, backed by e-commerce behemoth Alibaba BABA.N, would be the world’s largest IPO.

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– Chinese e-commerce giant Alibaba plans to go public in Hong Kong and Shanghai later this year in what would be the world’s biggest IPO ever—beating out Saudi Aramco’s $29.4 billion offering last year. Ant Financial, a unit of Alibaba, is expected to raise up to $35 billion in the Hong Kong IPO and up to $30 billion in the Shanghai offering, reports the South China Morning Post, which notes that the Alibaba-backed company is the country’s second-largest e-commerce firm.