Estimated reading time: 0 minutes, 30 seconds
Ant Group’s highly-anticipated dual IPO has been squashed over “regulatory concerns,” although some are worried Chinese authorities blocked the deal over “unease” regarding the tech giant’s role in China’s financial system. So reports Nikkei Asia.
It is unclear if, or when, Ant might be able to go forward with its plans, but one analyst cited in the article said it is unlikely in the coming six months. Another analyst said even if it does list at some point, Ant’s valuation might suffer as a result of the regulators’ recent actions.