Shanghai Stock Exchange Holds Up Ant Group IPO Following Regulators' Questioning
PYMNTS
NOVEMBER 3, 2020
The Shanghai Stock Exchange is delaying Ant Group’s record initial public offering (IPO) following Jack Ma’s meeting with Chinese regulators, according to a Wall Street Journal (WSJ) report on Tuesday (Nov. Ant was founded in 2004 as Alibaba's payments processor. That meeting now disqualifies Ant from listing on Thursday (Nov.
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