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Markets

Ant draws $2.8tn in bids from mom-and-pop investors in Shanghai

Hong Kong leg also appears headed for clawback to retail buyers

Ant Group's headquarters in Hangzhou, China.   © Reuters

HONG KONG -- Ant Group's initial public offering drew a record 19.05 trillion yuan ($2.84 trillion) in bids from retail investors on the Shanghai side as mom-and-pop investors vied to grab a share of the world's largest IPO.

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