HONG KONG/NEW YORK — China suspended Ant Group’s $37 billion listing on Tuesday, thwarting the world’s largest stock market debut with just days to go in a dramatic blow to the financial technology firm founded by billionaire Jack Ma. The …
China suspended Ant Group’s $37 billion stock market listing on Tuesday, thwarting the world’s largest IPO with just days to go, in a dramatic move that left investors and bankers scrambling for answers. Following are instant reactions from investors and …
Retail investors placed bids for a record $3 trillion of shares in Ant Group Co. Ltd.’s dual listing in an unprecedented show of interest by mom-and-pop savers betting on demand for its financial services in China. The total value of …
HONG KONG – Stella Su, who lives and works in Shanghai, has used an ATM only once in the past year. Instead of cash, in recent years she has done almost all her business using the digital wallet Alipay — …
Chinese financial technology giant Ant Group has set terms for a dual listing aimed at raising up to $34.4 billion from the world’s largest stock market debut, with investors scrambling for a piece of the fast-growing company. The deal would …
Ant Group’s $35 billion initial public offering (IPO) is unlikely to suffer from any U.S. restrictions on the Chinese financial technology giant due to its very limited overseas presence, potential investors and analysts said. U.S. President Donald Trump is considering …
Ant Group’s late-summer IPO filing drove home why the business — backed by 711 million active users that spent $17 trillion through its platform — is headed for potentially the world’s largest stock debut. Yet investors may do well to …
Ant Group, Alibaba’s fintech arm and China’s dominant mobile payments firm, filed for a dual listing in Hong Kong and on Shanghai’s Nasdaq-style STAR Market on Tuesday and could raise as much as $30 billion in what would be the …
Ant Group, the fintech arm of Chinese e-commerce company Alibaba Group Holding, has made a preparatory filing with China’s securities regulator for its planned blockbuster initial public offering. The group, China’s biggest mobile payments company, said in July it had …
