Tagged: shanghai exchange

Straight From the Top: Chinese President Xi Jinping Said to Personally Hit Pause on Ant Group IPO

November 12, 2020 @ 4:43 pm By JD Alois |

Ant Group was expected to be the largest Fintech initial public offering (IPO) ever at a valuation of around $35 billion. With just days until a listing on both the Shanghai Exchange and the Hong Kong Stock Exchange, regulators in China slammed the breaks on… Read More

Read more in: Asia, Fintech, Global | Tagged ant group, china, initial public offering, ipo, jack ma, shanghai exchange, xi jinping

Pushing Pause: Ant Group Listing on Shanghai Exchange Postponed

November 3, 2020 @ 8:56 am By JD Alois |

Following a meeting with Chinese regulators, Ant Group’s listing on the Shanghai exchange has been postponed. Poised to become the largest ever Fintech IPO at $34 billion, the hurdle is a disappointing twist for founder Jack Ma – one of the wealthiest entrepreneurs in the… Read More

Read more in: Asia, Fintech, Global, Offerings | Tagged alibaba, alipay, ant group, china, jack ma, shanghai exchange