Confidence high for ‘deal of decade’ Ant IPO

Mom-and pop investors will be allowed to buy with as much as 20 times leverage

18 October 2020 - 00:10 By Agency Staff

Hong Kong stockbrokers are so confident fintech group Ant Group's blockbuster initial public offering (IPO) will go smoothly that they are offering to let mom-and-pop investors buy the stock with as much as 20 times leverage.

That matches the highest ratio ever offered by brokerages, including Bright Smart Securities & Commodities Group and UP Fintech Holding, a reflection of fierce competition for finance and trading fees in what could be the biggest IPO in history...

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