Chinese regulators have suspended the Alibaba spinoff's initial public offering, which was set to value the financial services provider at $313bn.
Chinese regulators today suspended an initial public offering for Ant Group, the financial services affiliate of China-headquartered e-commerce group Alibaba, that was set to be the largest ever.
Ant had priced a dual offering set to take place on Shanghai’s Star Exchange and the Hong Kong Stock Exchange and it would have raised $34.3bn at a valuation topping $313bn if the company had floated on schedule on Thursday this week.
However, after Ant’s executives were summoned to interviews with…
