Shanghai stock exchange suspends Ant Groupࢀ™s IPO

Ant was set to go public in Hong Kong and Shanghai on Thursday after raising $37bn 51 minutes ago Ant Group founder Jack Ma The Shanghai stock exchange has suspended Ant Groupࢀ™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 Chinaࢀ™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.