(Bloomberg) — Institutional investors are buying Ant Group Co.’s shares at a 50% premium, signaling the Chinese fintech giant is poised to soar in its debut this week following the world’s largest initial public offering.Some trades were executed at HK$120 ($15.50) apiece in gray-market trading Monday, compared with the listing price of HK$80, according to people familiar with the matter who declined to be identified as they aren’t authorized to speak to the media.Billionaire Jack Ma’s Ant IPO has become the most anticipated in years, attracting at least $3 trillion in orders for its dual listing in Hong Kong and …read more
Source:: Yahoo Finance
