This is certainly one of #IPO the most anticipated, and now even the most surprising, of the year. The giant of #Fintech Ant Group the , was supposed to list today, in a double #listing between and #HongKong #Shangai. However, the #quotazione has been stopped by the Government of #Pechino.
The premises for a record debut were all there. While #Ant it required $34.5 billion from capital, the largest ever ahead of and at the same time, the demand for #investitory shares #IPO Saudi Aramco Alibaba Group exceeded $3 trillion dollars. For the made-in #china giant , armed arm of the financial arm of the empire of and Jack Alibaba Group Ma, everything seemed ready for the grand slam.
And then the stop from #Pechino, which through the banking regulatory commission blocked the , in a more general effort to regulate banking #quotation activity, and in particular the #Fintech market, in #China. Jack Ma himself, in a statement, spoke out very strongly against stopping the listing, criticizing the conservative and distrustful attitude of Chinese officials.
As a result of the stoppage, #azioni the companies , which owns Alibaba Group 33% #Ant of , are currently losing 8%, with a #market #cap loss of about $60 billion.
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