HK brokers ready war chest for mom-and-pop bidding frenzy in Ant's IPO

HK brokers ready war chest for mom-and-pop bidding frenzy in Ant's IPO

REUTERS/Bobby Yip

Hong Kong’s brokerages are readying billions of margin-lending dollars to tap an expected surge in retail demand for China’s fintec giant Ant Group’s likely $35 billion dual-listing in Hong Kong and Shanghai in the next few weeks, industry officials said.