Ant Group: Shanghai bourse halts mega IPO process

Share this: (Image credit: Ant Group) The Shanghai Stock Exchange has halted an initial public offering for fintech giant Ant Group, said a statement published on the bourseࢀ™s website Tuesday, just one day after Chinese regulators summoned company co-founder Jack Ma and other executives for a meeting. The firmࢀ™s concurrent Hong Kong listing appears to have been suspended as well. At $34.5 billion, the IPO was set to be the largest of all time . Details: The Shanghai Stock Exchange made the decision because there were ࢀœsignificant changesࢀ in the regulatory environment that Ant Group faces, according to the statement…