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    Jack Ma's Ant IPO Unlikely To Happen Before 2022

    WikiFX   |   2020/12/1 3:37:20
    Abstract：Alibaba Group Holding Ltd-backed Ant Group is unlikely to be able to hold its suspended initial public offering before 2022.

    　　Alibaba Group Holding Ltd-backed Ant Group is unlikely to be able to hold its suspended initial public offering before 2022.

    　　Chinese regulators are demanding that Ant comply with both new and proposed rules applicable to various fields including consumer lending.

    　　It is unlikely that with so much work to be done by Ant in meeting the new regulatory framework and some applicable rules not clear yet that the IPO would take place before 2022.

    　　The immediate priority for Beijing is that the Jack Ma-founded Ant complies with the changing regulatory environment.

    　　Alibaba shares fell nearly 0.4% to $276.48 on Friday and gained 0.12% in the after-hours session.

    alibaba-1.jpg

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