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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 ...
The news came one day after Ant was fined $984 million, which should end a years-long regulatory shake-up of the company and mark a key step to concluding a crackdown on the country's internet ...
Alibaba Group Holding Ltd (NYSE: BABA)-owned Ant Group's initial public offering may have been scuttled by Beijing due to its "disinclination to allow entrepreneurs out of their lane," Duncan ...
The decision to stop what would have been the world's largest ever IPO, came days after the fintech giant's billionaire founder Jack Ma launched a public attack on the country's financial ...
The decision to halt Ant Group’s mega IPO has left investors big and small licking their wounds. Retail investors had bought into the listing in a big way, placing a record $3 trillion dollars ...
Ant Group has announced a share buyback that values it at $78.5 billion, which is about $230 billion or 75% less than the valuation it fetched nearly three years ago, before its IPO was yanked by ...
China's Ant Group Chief Executive Officer Simon Hu has unexpectedly resigned amid a regulatory-driven overhaul of the financial technology giant's business, the first top management exit since a ...
China's move to suspend Ant Group's $37 billion listing is "necessary, reasonable and legal," given rising concerns over risks to financial stability, a top Chinese state-backed newspaper cited an ...