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Ant pulls IPO, leaves a sting in global financial markets

Source: Ant Group

Ant Group pulled its US$37 billion IPO hours before it was set to become the world’s largest listing, sending ripples in global markets, once again exposed to the vagaries of the Chinese regulatory system. The Chinese financial behemoth Tuesday said it won’t proceed with the H-shares IPO and listing. Ant added that it was notified by Chinese regulators that its…

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