It was going to be Ant Group’s day in the sun.
China’s answer to JPMorgan Chase, a coming of age for global fintech, and the world’s biggest IPO to boot.
In the end, Ant’s plan to go public via a $35bn IPO in Shanghai and Hong Kong was spoiled by Chinese regulators.
Less than two days before Ant’s stocks were supposed to begin trading (November 5th), the Shanghai Stock Exchange sent the company notices saying its listing may no longer meet “qualifications or disclosure requirements”.
Recent changes in the “fintech regulatory environment” were cited as reasons for suspension.
This not only suspends the much-awaited IPO but also throws Jack Ma's empire into chaos. And it sheds light on who really calls the shots in China Inc. - the Chinese state.
- Jual air bersih Semarang
- Online Cakes,Flowers and Gifts delivery in Indore
- Criminal Background Check
- Gokyo Valley Trek | Trek To Perfect destination in Everest Region
- Cyber security companies in India
- Dehydration can cause Joint Pains | Dr Chirag Patel
- Industries Services and Solutions | Ampcus Inc.
- Top & Best Criminal Lawyers In Hyd Telangana | Disha Law Firm
- Melhores marcas de comida para gatos | Pet Shop Portugal
- 4 Produk Skincare Wajib Untuk Merawat Wajah Pria