Ant Group will close its Hong Kong institutional book building one day early as it aims to raise about USD 17.2 billion in the city, according to two sources with direct knowledge of the matter. The book was due to close on Thursday, but that deadline will be accelerated to Wednesday 5 pm in each region.

The order book was oversubscribed one hour after the launch on Monday, two people with direct knowledge of the matter said. Ant Group declined to comment on the early closure.

The sources asked not to be identified as they were not authorised to comment to the media.

The Chinese fintech giant is looking to raise up toUSD 34.4 billion in a dual listing in Hong Kong and Shanghai, with the offer split between the two exchanges.