Ant Group to close Hong Kong institutional book early amid 'overwhelming' demand for IPO sources


Source: marketscreener.com marketscreener.com

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HONG KONG (Reuters) - Ant Group will close institutional order books of the Hong Kong portion of its record-setting dual IPO ahead of schedule due to strong demand, sources with direct knowledge of the matter said. The institutional book of the $17.2 billion Hong Kong listing was due to close on Thursday, but that deadline will be accelerated to Wednesday 5.00 p.m. in each region, three sources said. The book was oversubscribed just one hour after the launch on Monday, two separate sources said, demonstrating investor frenzy for the initial public offering (IPO) of the Chinese fintech giant that has...