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Reuters: Ant Group to Close Hong Kong Institutional Book Early Amid ‘Overwhelming’ Demand for IPO

27 Oct 2020 9:40 AM | Mia Devonshire (Administrator)

Ant Group to close institutional order books from the Hong Kong collection as they reach record-setting dual IPO due to high demand.

The $17.2 billion Hong Kong institutional book has closed early due to the high demand. The book became oversubscribed one hour after it launched. 

The Ant Group operate Alipay and is an affiliate of Alibaba E-commerce Group.

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