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Ant Group IPO gets orders worth more than UK's GDP from small investors
short by Krishna Veera Vanamali / on Saturday, 31 October, 2020
Chinese billionaire Jack Ma's Ant Group attracted a record $3 trillion, more than the UK's GDP, of orders from retail investors for its dual listing in Shanghai and Hong Kong. Ant's IPO is set to raise over $35 billion, topping Saudi Aramco's $29.4 billion listing last December. The fintech giant will have a market value of about $315 billion.
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