Ant Group's investors need big jump in IPO to offset borrowing

Due to high leverage, some investors may see profit only if stock rises 24%

NARAYANAN SOMASUNDARAM, Nikkei Asia chief banking and financial correspondent

November 3, 2020 20:30 JST

HONG KONG -- Hundreds of thousands of retail investors hoping to buy shares in Ant Group will be counting on gains of at least 11% in the initial days of trading to cover the upfront costs of trying to be part of the world's largest initial public offering.