Here’s Everything You Need to Know About Ant’s Pulled IPO

China’s shocking decision to halt Ant Group Co.’s initial public offering is reverberating across financial markets, sending Hong Kong shares lower and raising questions about the future of Jack Ma’s fintech juggernaut.

Here are the latest developments on the 11th-hour scrapping of what was poised to be the world’s biggest IPO, worth $34.5 billion:

  • From Bloomberg Opinion: Jack Ma’s Blunt Words Just Cost Him $35 Billion: Shuli Ren
  • Bloomberg Intelligence says:
    • Alibaba’s Ant Stake May Be Worth Much Less on IPO Pause: React
    • Ant IPO Suspension Not an Alibaba Bondholder Woe: Credit React
    • Ant IPO Suspension May Risk HKEX’s Fintech Deal Pipeline: React
    • Ant IPO Suspension Reflects Regulatory Risks to Earnings: React
  • Chart: Ant was set for a record IPO, topping Saudi Aramco’s deal in 2019 and Alibaba’s own listing in 2014:
Here’s Everything You Need to Know About Ant’s Pulled IPO

©2020 Bloomberg L.P.

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