Beijing pulled the plug Ant’s IPO after a 2020 speech in which Ma said financial watchdogs were stifling innovation. Beijing has reportedly given tentative approval to Jack Ma’s Ant Group to revive its previously planned initial public offering on the Shanghai and Hong Kong exchanges, two sources with knowledge of the matter said. Ant, an affiliate of e-commerce giant Alibaba Group Holding Ltd, plans to file a preliminary prospectus for the offering as soon as next month, the sources said. Ant will have to wait for guidance from the China Securities Regulatory Commission (CSRC) on the timing of the prospectus...