Ant Group to close $17.2b Hong Kong IPO a day early: report


Source: asianbankingandfinance.net asianbankingandfinance.net

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It’s $34.4b dual listing clinches the record for the world’s largest stock market debut. Ant Group will close its Hong Kong institutional book building one day early, reports Reuters , according to two sources with direct knowledge of the matter. The Chinese fintech giant aims to raise $17.2b in the city. The book is due to close on Thursday, but that deadline will be accelerated to Wednesday 5PM. The order book was oversubscribed one hour after the launch on Monday, sources said. The group is looking to raise up to $34.4b in a dual listing in Hong Kong and Shanghai....