Ant Group Co. will stop collecting orders from institutional buyers for the Hong Kong leg of its record initial public offering on Wednesday, a day ahead of schedule, after meeting strong demand from investors, according to people familiar with the matter.
The financial-technology behemoth, which is part-owned by Alibaba Group Holding Ltd., is set to raise at least $34.4 billion through dual listings in Shanghai and Hong Kong, selling about $17.2 billion of stock in each market.
The…
