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China suspends Ant Group’s record $37 billion IPO in Shanghai, Hong Kong

China suspends Ant Group’s record $37 billion IPO in Shanghai, Hong Kong

China suspended the Ant Group’s $37 billion initial public offering, blocking the world’s largest stock market debut with just days to go. This dramatic development dealt a blow to the Jack Ma-founded financial technology company. The Shanghai stock exchange said it had suspended the company’s IPO on its tech-focused STAR Market, prompting Ant to also freeze the Hong Kong leg of its listing.

Tom A
Tom A
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