Ant Group’s record $34.5 billion IPO in Shanghai and Hong Kong is suspended
2020-11-04 08:55:11 source：CNBC
November 3, 2020
SHANGHAI, China — Ant Group's world record-setting initial public offering in Shanghai and Hong Kong has been suspended.
The Shanghai and Hong Kong stock exchanges made the announcement on Tuesday. Alibaba, which owns a roughly 33% stake in Ant Group, saw its shares fall over 5% in U.S. premarket trading.
Ant Group's controller Jack Ma, executive chairman Eric Jing and CEO Simon Hu were summoned and interviewed by regulators in China, according to a statement Monday from the China Securities Regulatory Commission.
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