Shanghai, China
Caproasia.com | The leading source of data, research, information & resource for financial professionals, institutional investors, professional investors and private investors (UHNWs, & HNWs). Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets?

This site is for accredited investors, professional investors, investment managers and financial professionals only. You should have assets around $3 million to $300 million or managing $20 million to $3 billion.





Ant Group $300 Billion Record IPO Suspended in both Shanghai and Hong Kong Exchange

4th November 2020 | Hong Kong

Ant Group planned IPO that will raise $34.5 billion and create a Chinese financial technology giant with more than $300 billion market capitalization, has been suspended by both Shanghai and Hong Kong Exchange (Hong Kong Exchanges and Clearing ~ HKEX) on Tuesday (3/11/20).

” Chinese Regulator Suspends Ant Group IPO “

The IPO will have taken place on Thursday (5/11/20), and China regulators have reported Ant Group have failed in major issues including meeting listing conditions and information disclosure requirement.


Hong Kong Exchanges and Clearing (HKEX) is referred as Hong Kong Exchange or HKEX in this article

 

Jack Ma, Eric Jing and Simon Hu Meeting with Chinese Regulators

Alibaba Founder Jack Ma 2
Alibaba Founder Jack Ma

 

On Monday, 2nd November 2020, Ant Group Chairman Jack Ma (Founder of Alibaba), Executive Chairman, Eric Jing and Chief Executive Simon Hu had met with 4 financial regulators to provide report on major issues.  The China Securities Regulatory Commission have also released a statement for this meeting.  View: Statement

On Tuesday (3/11/20), China regulators announced the suspension reporting Ant Group have failed in major issues including meeting listing conditions and information disclosure requirement.

 

Fast Facts – Ant Group IPO

Ant Group 3
Ant Group, leading online financial services in China

 

  • Record IPO of $34.5 billion raised 
  • Create a company with more than $300 billion market capitalization
  • Dual-Listing on Shanghai* & Hong Kong Exchange
  • Retail demand for IPO neared $3 trillion in China
  • Alibaba owns 33% of Ant Group

* Shanghai STAR Market (Science and Technology Innovation Board), China’s version of NASDAQ

 

Trending from Major Financial News:

 



Caproasia.com | The leading financial website for financial professionals, professional investors and HNW investors. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets? Quicklinks: Caproasia Access | TFC | Caproasia | Jobs

Join 14,000+ leading financial professionals and professional investors in Asia. Stay ahead of your peers & competition.
For press release, email to press@caproasia.com
For editorial, media kit, listing on TFC, events, seminars or research & data services, email to mail@caproasia.com


Previous articleUBS and Partners Group to Give UBS Clients Access to Private Markets Investments
Next articleJulius Baer Reaches $79.7 Million Settlement for Role in FIFA Corruption Events 
Caproasia.com covering capital markets, investments and private wealth in Asia. Our users manage, advise & invest $25 trillion assets in Asia