Ant Group closes $17.2 billion Hong Kong IPO book early amid strong demand: sources

In this news, we discuss the Ant Group closes $17.2 billion Hong Kong IPO book early amid strong demand: sources.

HONG KONG (Reuters) – Ant Group 688688.SS6688.HK will close its institutional book in Hong Kong a day earlier, as it aims to raise around $ 17.2 billion in the city, according to two sources with direct knowledge of the matter .

The book was supposed to close on Thursday, but that deadline will be extended to 5 p.m. Wednesday in each region.

The order book was oversubscribed an hour after launch on Monday, said two people with direct knowledge of the matter.

Ant Group declined to comment on the early shutdown.

The sources requested are not identified as they were not authorized to comment on the media.

The Chinese fintech giant plans to raise up to $ 34.4 billion in a double listing in Hong Kong and Shanghai, with the offer split between the two exchanges.

Reporting by Scott Murdoch in Hong Kong; Edited by Kim Coghill

Original © Thomson Reuters

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