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World’s Biggest IPO Is 284x Oversubscribed As Chinese Banks Give Retail Investors 33x Margin Leverage World’s Biggest IPO Is 284x Oversubscribed As Chinese Banks Give Retail Investors 33x Margin Leverage Tyler Durden Tue, 10/27/2020 – 22:25 Yesterday we reported that the world’s biggest IPO – that of Jack Ma’s fintech giant Ant Group – which priced on Monday at a valuation of over $320 billion and which will raise $34 billion in new capital, is set to break for trading later this week. Earlier today, Bloomberg reported that Ant Group’s bankers would stop taking investor orders for the Hong Kong...
