News > Ant Group's IPO sees record $3 trillion in retail demand
Ant Group's IPO sees record $3 trillion in retail demand
31/10/2020 08:23 PM | Click to read full article
Retail investors placed bids for a record $3 trillion of shares in Ant Group Co Ltd's initial public offering (IPO), set to be the world's biggest, as mom-and-pop savers bet on demand for its financial services in China.
Investors, both retail and institutional, are rushing to buy into Ant, which operates China's biggest payments platform and other financial services, despite risks of greater scrutiny at home and abroad.
