Jack Ma's IPO attracts over $3 trillion from investors for dual listing
Image Credit: Shortpedia
In a major success for Chinese businessman Jack Ma, his IPO Ant Group Corporation received over $3 trillion from individual investors for its dual listing in Hong Kong and Shanghai. The bidding was so good that the demand for the retail portion exceeded initial supply by more than 870 times in Shanghai. Several aspiring investors struggled to place their orders due to the fast sell-out, which tells about the massive success.