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The Easy Investor

Ant Group disqualified from listing in Shanghai

It was an IPO set-up for greatness. It was going to make history. And it is now just a dream for another day.

Photo by Charl Folscher on Unsplash

What an emotional rollercoaster it’s been.

Ant Group, the operator of Alipay, a payment and lifestyle application in China. It was set to be the IPO (Initial Public Offering) that would make history. With an oversubscription for the initial listing already from institutional and retail investors alike.

It all came crashing down.

On Tuesday, 3 November 2020 the executives of Ant Group was summoned to meet with regulators behind closed doors. 3 November will from now on be known as the day, dreams were shattered.

We can only speculate as to what was said within the meeting. What we are sure of is that there will be additional and new regulations around microlending. The fastest growing and most profitable business unit within Ant Group.

Based on what was said within that meeting, the Shangai stock exchange stated that Ant Group has been disqualified from listing. The additional regulations will mean that should Ant still want to list in the future, additional disclosures will be required, together with a shake-up within the different business units.

What was going to make history, brought down due to new regulations.



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