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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.

Jack Ma’s Chinese fintech giant is one of the most hotly anticipated IPOs in years.

Photographer: Qilai Shen/Bloomberg

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.