⁍ The book was due to close on Thursday, but that deadline will be accelerated to Wednesday 5pm in each region.


⁍ The Chinese giant is looking to raise up to $34.4 billion in a dual listing in Hong Kong and Shanghai.


– Chinese e-commerce giant Ant Group’s Hong Kong initial public offering was oversubscribed within an hour after it launched on Monday—so much so that it will close one day early, sources tell Reuters. The IPO was scheduled to close on Thursday, but the deadline has been accelerated to Wednesday 5pm in each region. Ant Group is planning to raise about $17.2 billion with the share sale, which would value the company at around $60 billion.



Source: https://www.reuters.com/article/us-ant-group-ipo-hongkong/ant-group-closes-172-billion-hong-kong-ipo-book-early-amid-strong-demand-sources-idUSKBN27C0AD