Monday, September 25, 2023

Ant’s IPO unlikely before 2022

By DAC000 , in China Investors IPO , at November 30, 2020 Tags: , ,

Over the weekend news broke that Chinese regulatory officials are suggesting Ant Group’’s record setting IPO is unlikely before 2022, . About a one minute read.

Comment: its still hard to figure out exactly what went wrong here, but the fact regulators waited until The IPO had progressed past the pricing stage and was ready to go leads to the unmistakable conclusion Chinese Fintech has been damaged by these actions. Many institutional investors had completed or were in the process of raising funds to acquire shares at this IPO. Several reportedly liquidated holdings to raise cash. They won’t be so eager to participate next time.