Business
Ant Group’s world’s biggest ever IPO stopped by regulators // Motley Fool Australia – Motley Fool Australia
‘From the deal of the century to the shock of the century’: The Communist Party shows Jack Ma who’s boss by halting the Ant Group IPO.
The world’s largest ever initial public offering (IPO) has been suspended just days before go-live.
Ant Group is a fintech giant established by China’s wealthiest man, Jack Ma. The company was due to float simultaneously in Shanghai and Hong Kong on Thursday after raising $51 billion.
It would have had a market capitalisation of more than $435 billion, making it the biggest share market debut in history.
But in a remarkable development overnight, Chinese regulators reportedly stopped the float from…
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