Tuesday, November 3, 2020

"Ant Group's highly anticipated IPO has been abruptly suspended following a meeting between the company's billionaire co-founder Jack Ma and regulators in China"

"The dual listing had been expected to raise $37 billion, making it the biggest share sale in history by a wide margin."

"Ma, one of China's richest and most powerful business figures as well as Ant Group's controlling shareholder, has faced state media criticism for comments in late October in which he boasted of the size of the IPO and appeared to criticise regulators for stifling fintech innovation."