Retail investors bid record $3t for Ant Group's IPO

Retail investors bid record $3t for Ant Group's IPO

A Chinese customer uses Alipay to make a purchases at a store in Singapore. Alipay operator Ant Group has big plans for Southeast Asia. © AP

Retail investors placed bids for a record $3 trillion of shares in Ant Group Co Ltd’s dual listing in an unprecedented show of interest by mom-and-pop savers betting on demand for its financial services in China.

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