11/5/2020, 12:41 PM (Source: TeleTrader)
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Ant Group's IPO delay to last at least 6 months

Ant Group's listing process is likely to be delayed by at least six months, the Financial Times reported on Thursday, just days after it was unexpectedly halted by China's regulators.

"The key thing is these new regulation changes," sources familiar with the matter claimed, explaining that the company will have to file the IPO prospectus with the exchanges once again.

The world's biggest IPO was halted earlier this week in both Shanghai and Hong Kong to "protect investors' interest," as said by the Chinese Foreign Ministry.

Breaking the News / ND