Ant’s Hong Kong leg of $34.4 billion dual-listing oversubscribed, sources say

In this news, we discuss the Ant’s Hong Kong leg of $34.4 billion dual-listing oversubscribed, sources say.

HONG KONG (Reuters) – Ant Group, which raises as much as $ 34.4 billion for what would be the world’s biggest market debut, saw the Hong Kong branch’s order books oversubscribed an hour later its launch on Monday, people familiar with the matter said. .

The fintech group, which priced the Hong Kong part of the listing at HK $ 80 ($ 10.32) per share, is selling 1.67 billion city shares to raise $ 17.24 billion, has showed his record.

Late on Monday, Ant opened order books on the Hong Kong float to institutional investors, many of whom have rushed to place orders, hoping for a large allocation, said people with first-hand knowledge of the question.

Ant did not immediately respond to a request for comment.

Reporting by Julie Zhu; Editing by Sumeet Chatterjee and Jane Merriman

Original © Thomson Reuters

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