Sino-Singapore Jingwei Client, October 29th, Ant Group's online subscription for A shares opened today (October 29), and Hong Kong stock subscriptions are proceeding hotly.
The Ant Group publicly offered shares in H shares from Tuesday (27th) to Friday (30th). According to the Hong Kong Economic Times, a combination of multiple brokerages and banks, as of 10 am on Thursday (29th), Ant The group’s IPO margin was temporarily recorded at approximately HK$380.28 billion, which is equivalent to approximately 113.8 times the oversubscription of the H-share public offering of Ant Group.
According to reports, during the Ant Group’s margin subscription, the Bank of China has lent 100 billion Hong Kong dollars, the Hang Seng quota has been temporarily used up, HSBC lent 93 billion Hong Kong dollars, Yaocai lent 33 billion Hong Kong dollars, Futu lent 21.17 billion Hong Kong dollars, Dahua Jixian lent HK$31 billion, Phillip lent HK$30 billion, Xincheng lent HK$17.4 billion, KGI lent HK$18 billion, and the Emperor lent HK$8.5 billion.
The IPO price of Ant Group in Hong Kong is 80 Hong Kong dollars per share. It plans to issue 1.67 billion shares, totaling approximately US$17.4 billion. Lots of 50 H shares for trading, the stock code of H shares is 6688.
According to media reports, Jing Xiandong, chairman of Ant Group, stated in the A-share issuance online roadshow that Ant and financial institutions are not in competition, but in a win-win cooperation.
In his view, Ant Group is committed to promoting inclusive development and serving ordinary consumers and small and micro enterprises, saying "This is an incremental market, not a game of stocks. It is not a zero-sum game, but a big cake and a common Sharing.” He mentioned that the cooperation between Ant Group and financial institutions is not just cooperation in sales channels, but to provide data insights, intelligent risk control and technical services, and product innovation based on customer insights.
(Zhongxin Jingwei APP)