Hong Kong stockbrokers are so confident fintech group Ant Group's blockbuster initial public offering (IPO) will go smoothly that they are offering to let mom-and-pop investors buy the stock with as much as 20 times leverage.

That matches the highest ratio ever offered by brokerages, including Bright Smart Securities & Commodities Group and UP Fintech Holding, a reflection of fierce competition for finance and trading fees in what could be the biggest IPO in history...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now