News Snapshot:
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 Group’s first day of public subscription in Hong Kong offering. It’s the world’s biggest initial public offering (IPO), and retail investors are itching to get a slice of the action. But what is...
