Investors are witnessing vigorous discussions regarding the world's largest initial public offering. The IPO of Ant Group of China has received bids equal to UK Economics. Ant is a financial technology company affiliated with the Chinese e-commerce group Alibaba. Ant has applied for listing on the Hong Kong and Shanghai Stock Exchange. The IPO of the group has received bids of 300 million dollars from private investors for dual listing in Hong Kong and Shanghai. This is equivalent to Britain's last year's GDP.
According to media reports, the bidding in Hong Kong was so high that a brokerage platform had to be closed for some time. There were huge bids here. Talking about Shanghai, the demand in the retail category here was 870 times more than the supply. Considering a large number of bids, now experts say that all buyers cannot be allotted shares in this $ 34 billion IPO.
There is a lot of excitement among investors about this IPO. Ant Group may be listed on the exchanges on November 5. Investors are eagerly awaiting this listing. It believes that at the time of listing, investors will get a bumper benefit. Ant Group of China operates a wide range of financial products. These products also include the Alipay Digital Wallet of China. It is one of the largest money market funds in the world. Earlier, world oil major Saudi Aramco offered a share sale of $ 29 billion. The total value of the Ant Group is a minimum of $ 150 billion. Alibaba Group has a 33% stake in Ant.