Brokers offer retail investors 20x leverage for Ant IPO

• Company insiders reportedly want Ant Financial (NYSE:BABA) to complete its IPO before the U.S. presidential election on Nov. 3, to avoid running into ensuing choppy financial markets.
• Its bankers also must grapple with any potential delays stemming from a debate in Washington over restrictions on the payments giant, in discussions that also surround China's Tencent.
• The potential speed bumps aren't breaking the confidence of Hong Kong stockbrokers, however, which see the blockbuster IPO going so smoothly that they're offering mom-and-pop investors to buy the stock with as much as 20 times leverage.
• That matches the highest ratio ever offered by brokerages, and reflects the fierce competition for finance and trading fees on what could be the biggest IPO in history.
• Previously: Ant Group wins Chinese OK for Hong Kong listing plan.