(Bloomberg) — China’s shocking decision to halt Ant Group Co.’s initial public offering is reverberating across financial markets, sending Hong Kong shares lower and raising questions about the future of Jack Ma’s fintech juggernaut.Here are the latest developments on the 11th-hour scrapping of what was poised to be the world’s biggest IPO, worth $34.5 billion:Hong Kong Exchange Shares Fall After Ant IPO Is Pulled. It’s a blow to the Hong Kong bourse, which was expecting the IPO to boost share sales to a decade high.China Tells Ant It Can’t Go Public Until Capital Shortfall Fixed. The company will have to …read more
Source:: Yahoo Finance
