By Yingzhi Yang and Pei Li BEIJING/HONG KONG (Reuters) – China’s suspension of Ant Group’s $37 billion listing just days ahead of its stock market debut has thrown the company and its investors into a tailspin and it faces a scramble to try and satisfy financial regulators, analysts say. The […]
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China slams the brakes on Ant Group’s $37 billion listing
Watch Fox Business Network streaming live on the web. HONG KONG/NEW YORK – China suspended Ant Group’s $37 billion listing on Tuesday, thwarting the world’s largest stock market debut with just days to go in a dramatic blow to the financial technology firm founded by billionaire Jack Ma. WHO IS […]
Ant Group’s $37 billion listing suspended in Shanghai and Hong Kong
TipRanks What Pullback? JPMorgan Says These 2 Stocks Could Surge Over 60% Last week, the market saw its worst losses since the coronavirus panic in March. A variety of worries impacted the financial world, pushing the losses: the uncertainty of the upcoming election, the increasing coronavirus cases, and the unlikelihood […]
Jack Ma’s Ant Group set for record $34bn stock market listing
Jack Ma’s Ant shares are reportedly worth $17bn Chinese financial technology giant Ant Group looks set to make the world’s largest stock market debut. Ant, backed by Jack Ma, billionaire founder of e-commerce platform Alibaba, is to sell shares worth about $34.4bn (£26.5bn) on the Shanghai and Hong Kong stock […]
Jack Ma’s Ant Group set for record stock market listing
Bloomberg Apollo Investor Revolt Swells Over Black’s Epstein Ties (Bloomberg) — It keeps getting worse for Leon Black.Over the past week, Black’s giant investment firm, Apollo Global Management Inc., has confronted one question after another about his decades-long relationship with convicted sex offender Jeffrey Epstein.First, his own board ordered an […]
Alibaba’s Ant Group files for blockbuster Hong Kong, Shanghai dual listing
By Julie Zhu HONG KONG (Reuters) – Ant Group, Alibaba’s fintech arm and China’s dominant mobile payments firm, filed for a dual listing in Hong Kong and on Shanghai’s Nasdaq-style STAR Market on Tuesday and could raise as much as $30 billion in what would be the world’s largest IPO. […]