Jack Ma’s Ant IPO Lures $2.8 Trillion in Growing Investor Frenzy

(Bloomberg) — Chen Wu frantically clicked the order button on his online brokerage account as the clock struck noon.Like thousands of individual investors in Hong Kong and across China, the 35-year-old software developer was desperate for a piece of Ant Group Co.’s initial public offering. His brokerage was allowing a small number of clients to supercharge their bets on Ant using 33 times leverage, and the offer was only available on a first-come, first-served basis. Wu had to act fast.“When it was released at noon, I refreshed my page again and again, clicked and clicked,” he said on Tuesday after …read more

Source:: Yahoo Finance


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