The Pessimist’s Guide to Jack Ma’s Record-Breaking Ant IPO

(Bloomberg) — Few initial public offerings have aroused more anticipation than the blockbuster listing of Jack Ma’s Ant Group Co.Demand for the record $34.5 billion IPO has been so strong this week that Ant decided to stop taking orders from big investors a day earlier than planned. In Shanghai, initial bids exceeded supply by more than 280 times. Some mom-and-pop investors in Hong Kong are taking on 20 times leverage to supercharge their bets.Still, a smash-hit IPO doesn’t always translate into a long-term winner for investors. In Ant’s case, what could go wrong?Here are some of the biggest risks:RegulationAnt’s meteoric …read more

Source:: Yahoo Finance

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