The IPO of Alibaba’s fintech company Ant Group has received a strong response. The listing for both Hong Kong and Shanghai places a bid of 30 lakh crore ($ 3 trillion). How much this amount is, it can be estimated from this that it is more than the GDP of India. Trading of shares of this company, owned by Jack Ma, can begin on November 5 next month on the stock exchanges of Hong Kong and Shanghai. Ant Financial plans to raise 2.54 lakh crore ($ 34.4 billion)
According to Bloomberg’s report, people were so excited about the bidding of Ant Group’s IPO that only one brokerage platform crashed. Book building in Hong Kong listings takes place from Monday to Friday while Shanghai Shares was open one day on Thursday.
