Ant Group's Shanghai listing oversubscribed 872 times
Ant Group's $17.2 billion Shanghai listing was oversubscribed 872 times, drawing $2.83 trillion in bids from investors. Alibaba-backed Ant Group has decided to exercise 15% overallotment option, increasing number of shares on offer to 1.92 billion from the initial 1.67 billion. The institutional order books for the Hong Kong listing were closed one day ahead of schedule due to oversubscription.