Saturday 28 November 2020
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scmp - 30 days ago

Inside Ant Group’s IPO: Investors scramble for entry into golden ticket event

Investors, both big and small, anxiously waited on Thursday to find out whether they would be one of the lucky ones to win a golden ticket for a piece of Jack Ma’s Ant Group in the biggest initial public offering in history.Even though Hangzhou-headquartered Ant is set to raise a jumbo US$34.5 billion in its dual listing, it won a waiver to sell only 11 per cent of the company, divided equally between Hong Kong and Shanghai, creating a shortage of stock. Public market debutants usually have a…


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