Ant’s IPO Lures Fidelity, T. Rowe Price, UBS Asset
- Ant could raise $40 billion after exercising greenshoe option
- Company expected to start taking orders in Hong Kong Oct. 26
Jack Ma’s Chinese fintech giant is one of the most hotly anticipated IPOs in years.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
T. Rowe Price Group Inc., UBS Asset Management and FMR LLC, the parent of Fidelity Investments, are among the money managers angling for a piece of Ant Group Co.’s blockbuster initial public offering, a person familiar with the matter said.
Each of the firms is considering investments worth several billion dollars in Ant’s Hong Kong-listed shares, though they’ve yet to finalize plans and there’s no guarantee they’ll get an allocation, the person said, asking not to be identified discussing private information.