Shanghai stock exchange suspends Ant Group's A-share IPO


Source: indiatimes.com indiatimes.com

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The Shanghai stock exchange has suspended Ant Group '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 China'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 about $37 billion, including the greenshoe option of the domestic leg, in a...