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WSJ: Ant’s Record IPO Suspended in Shanghai and Hong Kong Stock Exchanges

Tue November, 2020, Age: 2 years

The Ant Group’s much anticipated initial public offering, which was expected to raise $34.4 billion, was suspended, following a meeting with Jack Ma, two top executives, and representatives from four regulatory agencies in China. The Ant Group is the world’s most valuable tech start-up and this major rebuke of Ma is a spectacular setback for the company. 

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