Ant Group’s $37bn public offering in Shanghai and Hong Kong has been suspended by Chinese regulators, one day after officials summoned Jack Ma and other Ant executives for an interview.
China’s largest financial technology company was set to list on Thursday in both cities in a record-breaking IPO.
The Shanghai stock exchange said in a statement that Mr Ma, Ant’s founder, had been called in for “supervisory interviews” and there had been “other major issues”, including changes in “the financial technology regulatory environment”.
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