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Investors scramble for a piece of Ant Group’s massive IPO, Shanghai retail book 872 times oversubscribed

Chinese domestic and overseas investors, both big and small, anxiously waited on Thursday to find out whether they would be the lucky ones to win a piece of Ant Group in the biggest initial public offering on record.

Domestic retail book of Ant Group Co Ltd’s $34.4 billion dual listing was 872 times oversubscribed as individual investors scrambled for a slice of the IPO, a company filing showed on Thursday.

Ant, which operates . . .

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