Explainer: How retail investors can increase their chances of getting a piece of Ant Group's blockbuster IPO in Hong Kong

With just 2.5 per cent of Hong Kong-leg shares allocated to retail investors, a surge in applications has already crashed an online broker website Investors could keep their orders small and get a refund of related costs if unsuccessful, or borrow for a higher chance of allotment at a cost Fuelled by strong demand, banks and brokers have lent tens of billions in margin loans on Ant Groupࢀ™s first day of public subscription in Hong Kong offering. Itࢀ™s the worldࢀ™s biggest initial public offering (IPO), and retail investors are itching to get a slice of the action. But what is…