https://www.cnn.com/2020/11/03/tech/ant-ipo-postponed-beijing-jack-ma/index.html
China halts Ant Group's giant IPO after dust up with billionaire Jack Ma
London (CNN Business)Ant Group's highly anticipated IPO has been suspended following a meeting between the company's billionaire co-founder Jack Ma and regulators in China, an abrupt move that threatens what was due to be the largest share sale in history.
The Shanghai Stock Exchange said in a statement on Tuesday that it had postponed the company's listing, less than two days before its shares were due to begin trading, because of "major issues" that might cause it "not to meet the listing conditions or disclosure requirements."
The IPO has also been suspended in Hong Kong, according to a statement from Ant Group, which referenced the meeting between Ma and Chinese officials as well as "recent changes" in regulations. In a statement on its official WeChat account, Ant Group apologized to investors for "any inconvenience caused by this development."