News Snapshot:
Tweet Chinese tech companies apparently reacting to increased regulatory scrutiny tied to the delay of Ant Group 's planned $37 billion IPO are dropping their own plans to go public in droves, the Financial Times reports. The paper stated that 76 suspensions of planned IPOs in March constituted a record and represented more than a doubling from the previous month's IPO suspensions. The Financial Times said it based its findings on its analysis of initial public offerings planned for the Star Market, which opened in 2019. When regulators required that Ant Group pull its planned IPO in November, the Financial...
