Beijing’s unrelenting displeasure with the man behind Ant justifies a steep haircut to the valuation of $316bn mooted before the listing was suspended
The billionaire’s criticism of regulators triggered the move by Communist leaders to limit the power of the fintech group
The Shanghai Stock Exchange suspended first-day trading in Ant Group just before its scheduled listing. Shortly after this, the Hong Kong stock exchange also said that the stock market debut of online finance giant has been postponed.
Ant Group IPO: Here are some charts giving some perspective on how massive the digital payments company is at its initial public offering, comparing it to its peers and yes, even some countries' gross domestic product (GDP).
The delay in clearances from the authorities is creating anxious moments