Ant Group's record-breaking IPO has been suspended - 0 views
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John Kiff on 03 Nov 20Ant Group has called a halt on its huge initial public offering (IPO), delaying the November 5 debut on the Shanghai and Hong Kong stock exchanges, less than 48 hours before the highly anticipated start of trading. A meeting earlier this week between Ant Group's senior executives and China's top financial regulators led to "significant change" to Ant's business environment, which may result in the fintech company not fulfilling the listing requirements or disclosure rules of the exchange, according to Ant Group's statement to the Shanghai bourse operator.