Alibaba Group Holding Limited (NYSE: BABA)-backed Ant Group’s initial public offering and dual listing in Hong Kong and Shanghai could be delayed by at least six months, the Financial Times reported Thursday.What Happened: On Tuesday, the listing, which would have raised $37 billion, was suspended by the Shanghai Stock Exchange after Chinese regulators announced draft regulations that could force Ant Group to rework its business model. A person familiar with the matter described “these new regulation changes” to FT as a key factor for Ant.Lawyers associated with the listing reportedly said that the Jack Ma-co-founded fintech firm would have to …read more
Source:: Yahoo Finance
