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Ant’s record-breaking IPO attracts $3 trillion in retail-investor bids | Markets – Business Insider

Ant’s record-breaking IPO attracts $3 trillion in retail-investor bids

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An Ant Group logo is seen at the company’s headquarters on October 28, 2020 in Hangzhou, Zhejiang Province of China.
Chen Zhongqiu/VCG/Getty Images

  • Ant Group’s historic $35 billion IPO is garnering unprecedented interest from retail investors in Shanghai and Hong Kong.
  • Jack Ma’s financial services company took in more than $3 trillion in orders from individual investors across its dual listings in Hong Kong and Shanghai.
  • Roughly 19.1 trillion yuan (2.9 trillion) worth of bids was raised in the Shanghai…

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