Chinese President Xi Jinping decided to halt Ant’s IPO: WSJ

China’s President Xi Jinping personally decided to pull the plug on Ant Group‘s $37-billion (£28 billion) initial public offering, the Wall Street Journal reported on Thursday, citing Chinese officials with the knowledge of the matter. The decision to stop what would have been the world’s largest ever IPO, came days after the fintech giant’s billionaire … Read more Chinese President Xi Jinping decided to halt Ant’s IPO: WSJ

Ant’s IPO fiasco set to clip its wings, dent value – Times of India

HONG KONG: China’s surprise suspension of Ant Group’s record $37 billion listing is likely to delay rather than destroy its chances of a stock market debut though the financial technology giant’s valuation and growth prospects are set to take a hit. The last-minute ambush by China’s regulators was seen by analysts and investors as an … Read more Ant’s IPO fiasco set to clip its wings, dent value – Times of India

Ant Group’s IPO sees record $3 trillion in retail demand – Times of India

HONG KONG: Retail investors placed bids for a record $3 trillion of shares in Ant Group Co Ltd’s initial public offering (IPO), set to be the world’s biggest, as mom-and-pop savers bet on demand for its financial services in China. Ant’s dual listing is set to raise about $34.4 billion, split fairly evenly between Shanghai’s … Read more Ant Group’s IPO sees record $3 trillion in retail demand – Times of India

Investors line up for Ant Group’s record $34.4 billion IPO – Times of India

HONG KONG: Ant Group Co Ltd is poised to raise up to $34.4 billion in the world’s largest stock market debut as investors rush to buy into the fast-growing Chinese fintech giant despite risks of greater scrutiny at home and abroad. The dual listing, a first for Shanghai’s Nasdaq-style STAR Market and Hong Kong, would … Read more Investors line up for Ant Group’s record $34.4 billion IPO – Times of India