A lengthy delay could reduce the Chinese fintech company's valuation as regulatory pressure increases from the Chinese government.
Ant Group was set to go public this week in a record $35 billion IPO that would have been dual listed on the Hong Kong and Shanghai exchanges.General investors may have to wait up to 6 months to own a piece of Ant Group as regulatory pressure from Beijing ramps up,potentially further delaying its initial public offering.
The Chinese fintech — which was set to go public this week in what would have been the largest IPO in history — could also see a reduced valuation as investor anxiety about what regulatory scrutiny the company may be exposed to is digested by investors, the FT reported, citing people directly involved in the deal.
horrible
AntGroupIPO “Regulatory Pressure.” That’s the new euphemism for Gulag.