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Beijing dashes hopes it is reviewing Ant Group’s IPO

June 10, 2022
Source: leportale.com leportale.com
News Snapshot:
Sites Publishing The News 2/2 ayaksizgazete.com Beijing on Thursday rebuffed reports it has started discussions on the potential revival of an IPO for financial giant Ant Group, after the bumper listing was scuttled in a crackdown on China ’s tech sector. The record-breaking share offering by Alibaba’s digital payments affiliate was pulled at the last minute in 2020 and the company later hit with a $2.75 billion fine over alleged unfair trading practices. But following signs in recent weeks that the crackdown may be easing, Bloomberg reported earlier Thursday that financial regulators had started talks on relaunching the initial public...
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