Ant Group closes $17.2 billion Hong Kong IPO book early amid strong demand – sources

Ant Group will close its Hong Kong institutional book building one day early as it aims to raise about $17.2 billion in the city, according to two sources with direct knowledge of the matter. The order book was oversubscribed one hour after the launch on Monday, two people with direct knowledge of the matter said. Ant Group declined to comment on the early closure.

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