Why The Chinese Regulators Were Right To Cancel Ant Financials’ IPO


Source: forbes.com forbes.com

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By Nuno Fernandes, Full Professor of Finance at IESE Business School and the author of Finance for Executives: A Practical Guide for Managers The recent suspension of Ant Group’s IPO is producing increasingly clear aftershocks, including eroding the value of Ping An Insurance Group’s Lufax Holding Ltd., which in its attempt to change from a finance firm to a tech giant has become a prime target of short sellers. But Ant’s story should serve as a cautionary tale for the entire Chinese fintech sector. And also offers valuable lessons for the financial industry in general. After all, Ant, an affiliate...