HONG KONG -- Ant Group plans to cease taking investor orders for the Hong Kong portion of the world's largest initial public offering on Wednesday, a day earlier than planned, after subscriptions exceeded the allotted shares within an hour, according to three people familiar with the deal.
Finance
Ant Group to close IPO to institutions early due to heavy orders
Subscriptions 'pouring in' from investors eager for piece of $34.5bn offering
Ant Group made a name for itself with its Alipay mobile wallet before branching out into a wide range of financial services. © Reuters
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