CAPEX.com
CAPEX.com

Article Hero

Breaking News: China halts Ant Group’s giant IPO

1604415982.jpg
Miguel A. Rodriguez
Miguel A. Rodriguez
03 November 2020
Regulatory issues led to postponing one of the most expected IPOs

Ant Group, alongside the Shanghai and Hong Kong stock exchanges announced earlier today that one of the most expected IPOs of this year would be suspended. The world’s biggest start-up company was gearing for a massive $34.5 billion IPO, the largest public listing ever.

According to the Shanghai Stock Exchange statement, Ant Group’s “actual controller, chairman, and general manager have been jointly interviewed by the relevant regulatory authorities.”Following the same statement, Ant Group “has also reported issues such as the changes in the financial technology regulatory environment.”

This is a developing story. Stay tuned for more details about the event!

Sources: cnbc.com, nytimes.com

This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

Share this article

How did you find this article?

Awful
Ok
Great
Awesome

Read More

Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.