Daily Archives: November 8, 2020

China halts the IPO of Ant Group

On Tuesday, the Shanghai stock exchange announced that it was halting the $34.5 billion IPO of Ant Group due to changes in regulatory norms. The listing at Hong Kong stock exchange was also suspended. Since the fintech Ant group offers many financial services, it is under greater scrutiny
The IPO had attracted a lot of interest from investors
Alibaba group founded by Jack Ma is one of the major stakeholders in Ant group