China suspends Ant Group's mega IPO

China suspends Ant Group’s mega IPO Reuters Videos 3 November 2020 It was supposed to be the world’s largest IPO ever… but in a dramatic turn of events, just two days before China’s Ant Group’s blockbuster $37 billion dual-listing set for Thursday, The Shanghai and Hong Kong stock exchanges on Tuesday slammed the breaks on the upcoming debut for the fintech giant. The stunning IPO suspension came one day afterAnt’s billionaire founder Jack Ma was summoned to a meeting with Chinese financial regulators, which the Shanghai stock exchange described as a “major event.” Sources told Reuters that Ma was told…