Most of you should have already known. There has been a change in Ant Group’s IPO listing plans. First came the announcement from Shanghai Stock Exchange, suspending Ant Group’s listing. When investors were still reeling from the news and debating whether the incident would affect Ant Group’s H-Shares, Hong Kong also announced that the stock listing plan has also been suspended. https://www.businesstimes.com.sg/banking-finance/worlds-biggest-ipo-halted-as-ant-group-feels-shanghais-bite Ant Group was orignally scheduled to go public in both Shanghai and Hong Kong on 5th November 2020, raising more than US$30billion with a valuation of more than US$280billion. Advertisements When it rains, it pours As the firm to preparing to sell shares to the public, Ant Group was hit by regulations to contain the risks in China’s online lending industry. Fresh rules were issued to cap the use of asset-backed securities to fund quick consumer loans. This will slow down Ant’s expansion plans in this business segment....