Ant's mammoth IPO set to be windfall for Hong Kong market

Market watchers say overwhelming demand for fintech giant will encourage other unicorns

Fintech giant Ant Group is about to break all initial public offering records with its IPO in Hong Kong and Shanghai.
Fintech giant Ant Group is about to break all initial public offering records with its IPO in Hong Kong and Shanghai.PHOTO: AFP

Summer may be over but the financial world is sizzling with a historic debut on Thursday of ground-breaking proportions.

Chinese homegrown fintech giant Ant Group may not be set for listing in the London or New York stock exchanges, but it is about to break all initial public offering (IPO) records with its launch in Hong Kong and Shanghai.

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A version of this article appeared in the print edition of The Sunday Times on November 01, 2020, with the headline 'Ant's mammoth IPO set to be windfall for Hong Kong market'. Subscribe