News today that Ant Group’s IPO is suddenly on hold in both Shanghai and Hong Kong caused a selloff of Alibaba shares. This afternoon, equity in sister-company Alibaba is off around 8% in the wake of the delayed offering, and news that Ant had run into regulatory issues with the Chinese government. Ant was spun […]...
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Pulled Ant Group IPO costs Alibaba nearly $60B in market cap
techcrunch.com