Two days before Ant Group was scheduled to go public in what could have been a $35 billion event, the largest IPO ever, Chinese regulators have called it all off. Not only is the IPO originally planned… Money News Summaries.
(Newser) – Two days before Ant Group was scheduled to go public in what could have been a $35 billion event, the largest IPO ever, Chinese regulators have called it all off. Not only is the IPO originally planned for Thursday in doubt, Bloomberg reports, but the fintech giant might face an overhaul. Regulators had called in Jack Ma, Ant’s billionaire founder, on Monday, then announced they’d come across problems, including potential issues involving disclosure requirements, but provided no other details.
