Hong Kong Exchanges and Clearing Limited (HKEX) today announces that it will offer investors more options on Ant Group Co Ltd (HKG:6688) shares on the debut date.

Ant Futures and Options will be introduced on November 5, 2020, subject to the listing of the Ant shares at HKEX on that date.

HKEX has informed issuers they can list derivative warrants on Ant shares when the shares debut on HKEX’s securities market. Ant shares will also be included in HKEX’s designated securities eligible for short selling on November 5, 2020, subject to the listing of the Ant shares at HKEX on that date.

Ant Group, the parent company of China’s largest digital payment platform, Alipay, estimates that the net proceeds of the H Share IPO which it will receive, assuming an Offer Price of HK$80.00 per H Share will be approximately HK$131,991 million. The Group intends to use the net proceeds of the H Share IPO for the following purposes:

• 10% – further pursue of its vision to digitalize the service industry, increase cooperation with partners and facilitate their digital transformation;
• 40% – enhance its innovation and research and development capabilities through enhancing its research team, investing in product and service innovation and leading technologies;
• 40% – expand its cross-border payment and merchant services initiatives through enhancing its cross-border payments capabilities, investing in technology and service enhancement, and developing more digital services for consumers, merchants and partners beyond China;
• 10% – working capital and general corporate purposes.