KONTAN.CO.ID – BEIJING. Chinese President Xi Jinping personally decided to suspend Ant Group’s US $ 37 billion initial public offering on Thursday (12/11/2020). Report Wall Street Journal (WSJ) citing Chinese officials who knew of the problem. Launch Reuters, The decision to halt what will become the world’s largest IPO comes days after billionaire fintech giant … Read more
Jakarta, CNBC Indonesia – Alibaba founder Jack Ma must be willing to lose the opportunity to get fresh funds of US $ 27 billion or 395 trillion. This is because the IPO of Ant Group has been suspended by the Chinese stock exchange authority. This story begins with a Bund Summit seminar in Shanghai on … Read more
Source: Bloomberg | Editor: I knew Laoli KONTAN.CO.ID – BEIJING. Chinese Government authorities warned Jack Ma and senior Ant Group Co executives that the fintech giant would face new restrictions on its expansion. This highlights the increasing regulatory risk for the world’s largest initial public offering just days before its trading debut. Ma, one of … Read more
Costfoto/Barcroft Media via Getty Images Jack Ma’s Ant Group filed for an initial public offering in Hong Kong and Shanghai on Tuesday, aiming to speed up its move into the financial services industry. The company is targeting a $225 billion valuation and could raise as much as $30 billion in the deal if demand holds … Read more