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Ant Group's Shanghai retail book for $34.4 bln listing 872 times oversubscribed

HONG KONG, Oct 29 (Reuters) - The domestic retail book of Ant Group Co Ltd’s $34.4 billion dual listing was 872 times oversubscribed as individual investors in China scrambled for a slice of the world’s largest initial public offering (IPO), a company filing showed.

Ant is poised to raise about $17.2 billion on Shanghai’s STAR Market and roughly the same in Hong Kong, shattering the record set by Saudi Arabian Oil Co (Saudi Aramco) with its $29.4 billion listing last December. (Reporting by Julie Zhu Editing by David Goodman )

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