The world’s largest initial public offering (IPO) is breaking records in Hong Kong’s stock market history and soaked up more than half of the money in circulation as investors spent an unprecedented amount of cash to win a piece of the world’s biggest online payments company.Almost 1.5 million retail investors put in HK$1.3 trillion (US$167.7 billion) in Ant Group’s retail offering in Hong Kong as of 11am local time, according to people familiar with the matter. That amounted to 394 times over the initial number of shares on offer, they said. The ratio is likely to increase further after the …read more
Source:: Yahoo Finance
