Ant Group's IPO could be delayed more than 6 months, report says - Business Insider

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Ant Group's IPO could be delayed more than 6 months amid regulatory pressure that may slash its valuation, report says

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.

 

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horrible

AntGroupIPO “Regulatory Pressure.” That’s the new euphemism for Gulag.

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