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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

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To: TobagoJack who wrote (164448)	10/29/2020 8:47:06 AM
From: Julius Wong	Read Replies (1) of 218349

Ant Group's Shanghai retail book 872x oversubscribed Oct. 29, 2020 8:16 AM ET\|About: Alibaba Group Holding Limited (BABA)\|By: Brandy Betz, SA News Editor In a filing, fintech Ant Group (NYSE: BABA) reveals that the domestic retail book of its record $34.4B dual listing was oversubscribed to the tune of 872x as individual investors scurried to get in on the listing. The oversubscription works out to an investment interest of about $596.8B. The offering, which is raising about $17.2B in Hong Kong and on Shanghai's STAR Market, surpassed Saudi Arabian Oil's $29.4B listing last year to take the world's IPO record. Retired Alibaba chairman Jack Ma holds the majority control of Ant Group. Alibaba held a 32% non-controlling stake and planned to pick up 22% of shares in the IPO.

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