Ant Group's Shanghai retail book listing 872 times oversubscribed

The domestic retail book of Ant Group Co Ltd's $34.4 billion dual listing was 872 times oversubscribed as individual investors in China scrambled for a slice of the world's largest initial public offering (IPO), a company filing showed.   Ant is poised to raise about $17.

2 billion on Shanghai's STAR Market and roughly the same in Hong Kong, shattering the record set by Saudi Arabian Oil Co (Saudi Aramco) with its $29.4 billion listing last December.   Investors are rushing to buy into the fast-growing Chinese.

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