News Snapshot:
China to Let Ant Financial Through Regulatory Gates, IPO to Finally Proceed More than a year and a half after Chinese regulators slammed down Ant Group’s IPO in late 2020, Jack Ma’s company has a way forward. The People’s Bank of China (PBOC) is expected to let Ant Financial’s parent firm operate as a holding company and allow the public listing to proceed. With Ant getting on the PBOC’s good side, stock for Ma’s other company, Chinese e-commerce giant Alibaba (BABA), briefly soared. Current market conditions are wildly different than when Ant first wanted to go public, but that may...
