November 3, 2020

Shanghai stock exchange suspends Ant Groupà¢€â„¢s A-share IPO

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Alibaba Ant Group Chinese Finance Hong Kong IPO Jack Ma Online Payment Shanghai stock exchange

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Shanghai stock exchange suspends Ant Groupà¢€â„¢s A-share IPO November 3, 2020 HONG KONG (Reuters) à¢€" The Shanghai stock exchange has suspended Ant Groupà¢€â„¢s A-share IPO on its STAR Market, which was initially set for Thursday, the Chinese exchange said on Tuesday. Ant Group has recently reported to Chinaà¢€â„¢s securities regulator about the significant changes in the regulatory environment, the exchange said, and this major development might make Ant Group fall short of listing requirements on information disclosure, the Shanghai stock exchange said in a statement. Ant was set to go public in Hong Kong and Shanghai on Thursday after raising…

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