The Biggest IPO in World History Is Stoking an Investor Frenzy | Oct 29, 2020 at 1:00 AM
  • Chen Wu frantically clicked the order button on his online brokerage account as the clock struck noon.
  • Institutions and strategic investors may take up about 96% of the offering in Shanghai and 97.5% in Hong Kong, according to Ant’s prospectus, although the figures may change due to clawback and greenshoe provisions.
  • Elle Lam, a 28-year-old media professional who has invested in several Hong Kong IPOs this year, plans to order just one 50-share lot of Ant, using the rest of her available cash to bid on the Hong Kong government’s upcoming issuance of inflation-linked bonds.