⁍ The domestic retail book of Ant Group Co Ltd’s $34.4 billion dual listing was 872 times oversubscribed.

---

⁍ Ant is poised to raise about $17.2 billion on Shanghai’s STAR Market and roughly the same in Hong Kong.

---

⁍ Investors are rushing to buy into the fast-growing Chinese firm, which operates the country’s biggest payments platform.

---

– The Alibaba-backed company behind China’s biggest-ever initial public offering is planning to go public in both Shanghai and Hong Kong—and demand has been so strong that the books for the domestic portion of the deal have been 872 times oversubscribed, reports Reuters. Ant Group is planning to raise about $17.2 billion with the sale of 1.67 billion shares in Shanghai and 41.76 million shares in Hong Kong, which would make the company’s IPO the world’s biggest-ever by a Chinese firm, reports the Wall Street Journal.